Secplicity – Security Simplified

2018 Security Predictions – A Major Cryptocurrency Will Fall

2017 was another scary year for cyber security. Malware is at an all-time high, global ransomware damages are predicted to exceed $5 billion, and data records are being stolen by hackers at a rate of more than 5 million a day.  Just this year, we’ve seen spy tools leaked from U.S. intelligence agencies, political campaign hacking, state-sponsored ransomware, global IoT botnets, and much more. Terms like Shadow Brokers, WannaCry, Petya, CIA Vault 7 and Mimikatz have permeated the global lexicon, and new ones are being added daily.

Despite all this doom and gloom, security vendors are working hard to create new solutions that can help protect organizations from cyber crime. Those implementing these layered defenses are helping to turn the tide as we all fight for a safer digital existence.

But as we move forward into 2018, what new challenges could lay ahead? To answer this question, our team has penetrated a hacker lair and recorded their 2018 cyber attack roadmap planning session. From building bigger and better IoT botnets, to cashing in on cyber insurance, here’s your chance to get inside the minds of these hackers. Look for new video clips all month long.

First up, it looks like these hackers need some quick cash. With the value of cryptocurrency on the rise and coins from Bitcoin, Ethereum and Litecoin worth billions, they just can’t help themselves. Recalling the 2016 hack that made between $100 and $500 million of Ethereum permanently inaccessible, could they exploit vulnerabilities in new blockchain features next year? If so, we could see these hackers line their pockets with digital riches while toppling a major cryptocurrency.

Watch the video to find out:

 
 To see a complete list of 2018 predictions, visit: www.watchguard.com/predictions