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What Data Breaches Can We Expect in 2020?

Data breaches are now a major cause for concern for many people around the world, which really isn’t surprising when you consider the fact that they are continually on the rise. In fact, damage caused by cybercriminal activity is expected to cost around $6 trillion by 2021 – a marker of the huge financial burden placed on businesses across the globe in their quest to fend off online attacks.

Instances of cybercrime have unfortunately become an all too regular occurrence in recent years – from the stealing of intellectual property to the theft of personal information, and everything in between. This certainly doesn’t appear to be changing any time soon. After all, 2019 alone has seen a whole host of personal information being subjected to unauthorized access.

The hacking of Orvibo Smart Home’s database, the Canva hack, and the scraping of personal data on Instagram are just some of the most notabledata breaches of 2019. So, it’s safe to say that this is worrying news given that some of the world’s most well-known companies are falling victim to the increasingly sophisticated attacks that hackers are using.

A countless number of passwords, email addresses, home addresses, and more have been leaked onto the web this year – leading to vast instances of identity theft occurring which were largely caused by phishing scams. But, what kind of data breaches can we expect in 2020 and beyond? Continue reading, and you’ll find out the answer to exactly that.

Smart home and cloud-connected device hacks

The IoT ecosystem is undoubtedly a great thing. After all, even the simplest of tasks such as switching on a light or setting an alarm are now easier than ever to perform – all thanks to the vast offering of internet-connected devices which are now available for purchase.

With the Amazon Echo, Google Home, cloud-connected security cameras, and various other Internet of Things (IoT) devices becoming ever more popular around the world, it certainly wouldn’t be surprising for a data breach to occur in 2020 in relation to these systems. The aforementioned Orvibo Smart Home database hack is a prime example of this in 2019. Unless steps are taken in order to increase the security of IoT devices, many other manufacturers might well become a victim in the near future.

Social media data breaches

WhatsApp, Instagram, and Facebook are all widely used social media services in the current day and age, with the user bases of each platform extending into the billions. Each of them has fallen victim to a data breach this year alone, and so it is likely to occur again, especially considering cybercriminals are becoming increasingly sophisticated in their quest to get their hands on personal information.

System vulnerabilities, unsecured databases, and inadequately protected servers were the causes of the data breaches which affected the aforementioned Facebook-owned services. Although they will be doing everything in their power to prevent this from happening again, 2020 might just see another potential data breach.

Healthcare industry attacks

The government, retail, and technology industries were traditionally the three major targets for cybercriminals, as each of them holds an immeasurable amount of personally identifiable information. Speaking of which, data thieves often stop at nothing to get their hands on such data, and so keeping them at bay is most definitely easier said than done.

However, more recent times have seen the healthcare industry becoming a victim of cyber attacks – so much so, that over 75% of the industry has been infected with malware according to a SecurityScorecardstudy which confirmed that vulnerabilities in health insurance agencies, medical treatment facilities, and healthcare manufacturing companies are becoming ever-more exploited by hackers.

Ransomware, cloud-based data breaches, and the exploitation of mobile devices are all a major cause for concern for the healthcare industry ahead of 2020. After all, cyber attacks have become more and more common as the years have gone by, and with cloud-based services becoming progressively utilized in the industry, preventing data breaches is likely to be an uphill task.

Safeguarding yourself online

While it’s hard to predict when a data breach is going to occur, staying in the loop is made possible by constantly checking your emails and keeping an eye on the news. Each of these methods allows you to keep updated on all the latest breaches which, unfortunately, are pretty much inevitable in the digital age.

Data breaches are more often than not reported in the news – particularly if it has affected a large multinational company. Alternatively, you should hopefully receive an email from the company stating that they have been made aware of a data breach and that you should change your password as soon as possible. Services such ashaveibeenpwned? can also inform you as to whether any of your accounts have been breached – prompting you to swiftly update your password.

To be on the safe side, it’s always worth having different passwords for each of your accounts. If you do exactly that, you’ll give yourself the best chance of avoiding having multiple accounts hacked, as is likely to be the case if you use the same password for everything. In an age where password managers are rife, there really is no excuse for this. After all, tools such as Lastpass mean that you only need to remember one password, and the password manager will do the rest!

Conclusion

That concludes our article on what data breaches you can potentially expect next year. By this point, you should be totally aware of exactly what may be on the horizon, and what you can do in the event a company whose products or services you use falls fowl of a data breach.

As we covered earlier in the article, having unique passwords and utilizing a password manager is undoubtedly the way forward when it comes to protecting your data. But, if you’d like to take your online privacy and security to the next level, investing in solid internet security software and a VPN subscription is the perfect way to do exactly that.

This Blog was written and provided to us from VPNpro.com