Attackers can steal data, plant malware
or conduct other harmful actions without
detection. They may use stolen corporate
credentials themselves or sell the credentials
to other threat actors.
In 2020, phishing attack numbers will
continue to rise, with attempts now being
launched through cloud applications, in
addition to traditional emails. The implicit
trust users have in their corporate cloud
environments will inadvertently leave them
more vulnerable to phishing tactics.
• Ransomware – 65% of global
organizations reported a ransomware
infection in 2019. In March 2020,
ransomware attacks increased 148%
according to VMware. Victims of the
11 biggest ransomware attacks (so far)
have spent over US$144 million on
ransomware clean-up costs, ranging
from investigation to recovery, to added
prevention and paying hackers ransoms.
Ransomware is pervasive because it is so
effective and provides a relatively easy path
for attackers, to achieve devastating effects.
Ransomware kits are cheap and readily
available on the Dark Web.
• Cloud Jacking – COVID-19 has
accelerated Digital Transformation,
notably with many organizations
increasing cloud adoption and
shifting more and more services and
workloads into the cloud. The massive
volumes of data being stored in
the cloud make it top target for