CompassMSP Blog

2019 Cyber Attacks Every CEO Should be Aware Of

Posted by Paul Breitenbach on March 11, 2019
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cyber security 2019

A cyber attack can strike your business at any time, and it’s essential that your company understands the many different forms these attacks can take. Of course, technology is always changing, so in 2019, cybersecurity efforts have to change too! Luckily, by partnering with a managed IT service company, your business will get the advanced protection it needs to fight off any new or developing cyber threats in the workplace.

As we’re still in the beginning of 2019, here are a few cybersecurity predictions for the coming year—and of course, how an IT provider can help manage them:

#1 Supply Chain Attacks

Cybercriminals are relying more and more on supply chain attacks to gain valuable data and wreak havoc on businesses of any size. Companies are more interconnected than ever before, which makes it much easier for hackers to target the weakest link in the supply chain. The best way to prevent this type of cyber attack is to use an IT provider that offers continuous risk assessment for your supply chain network and business operations. Around-the-clock monitoring services protect your supply chain from becoming the next victim of a harmful cyber attack.

#2 Industries Most Likely to be Attacked

The medical industry is a prime target for cybercriminals, whether they want access to patient records, medical devices or simply to disrupt the entire computer system. Many hospitals do not have access to skilled IT experts, which makes it difficult to detect and respond to cyber threats. Law firms are another target, as they provide high-value data related to clients and are more likely to experience a ransomware attack. An IT support company offers both the medical and legal industries much-needed protection to avoid devastating cyber threats.

#3 The Rise of AI & New Security Technologies

Artificial Intelligence (AI) is growing more prevalent in the workplace, yes; but it will never replace a skilled IT expert. That said, combining AI technology with an IT team will position your company to most adequately protect itself against a range of workplace cyber threats. An IT provider will harness the latest technology to detect potential cyber threats, and thus provide an incident response plan that will be carried out by skilled IT employees. This hybrid-AI allows you to experience the best of both worlds and keep your company protected at all times.

#4 Nation-State Cyber Battles

Cyber Warfare between nation states continues to happen every day, whether a nation is trying to learn valuable military secrets or taking out a country’s critical technical infrastructure. Cyber attacks like these will only continue to get more complex, and when they do, they could ultimately impact citizens of an entire nation. Don’t believe us? Ukraine was the victim of a large-scale cyber attack in 2015 that caused over 230,000 people to be without electricity for up to six hours. We believe further developing the IT infrastructure and cybersecurity defenses of a country will continue to be a top priority for national governments moving forward.

#5 The Influence of Global Privacy Regulations

The General Data Protection Regulation (GDPR) went into effect on May 28th, 2018 and the California Consumer Privacy Act (CCPA) will take effect on January 1st, 2020. Both of these privacy regulations focus on protecting the privacy rights of individuals that use various online services. For example, regulations like these force companies to give customers the ability to opt-in to sharing specific information, and if they don’t, those companies will become subject to substantial penalties. They significantly change the way companies collect data and give clients additional privacy protection.

#6 Foreign Operatives Influencing Elections

Similar to nation-state cybersecurity battles, many foreign operatives attempt to manipulate elections. This style of attack is wide-ranging, whether it is a nation trying to hack into voter machines, social engineering attacks or spreading conspiracy theories online to influence opinions about a particular candidate. Each country must look for ways to increase the security of future elections and avoid allowing other nations to interfere with their results.

Understanding the various cyber attacks that are prevalent in 2019 is essential for any CEO. And to combat them, there’s no better action to take than to partner with an IT service provider! CompassMSP, a leading IT provider that focuses on providing the best cybersecurity available, uses security awareness training, continuous risk assessment, threat detection and more to keep entities protected from a range of new and developing cyber attacks.

Interested in learning more? Schedule a FREE consultation today.