"What's Next in Cybersecurity"
Hacking is an unavoidable constant in the cybersecurity industry, which is expected to spend $150 billion this year without actually being able to stop hackers. This year has seen Russian government hacks against Ukraine, an increase in ransomware attacks against hospitals, an increase in attacks against entire governments, and a series of costly cryptocurrency hacks. There have also been high-profile cyberattacks on companies such as Microsoft, Nvidia, and Rockstar Games. According to cybersecurity experts who spoke with MIT Technology Review, all of these types of hacks will continue next year and in the near future. Russia is expected to continue its online operations against Ukraine in the coming year. Ransomware attacks on hospitals, schools, and governments are expected to continue next year. Law enforcement action, including international cooperation among governments, was more frequent and effective this year, according to experts, implying that governments may be making inroads against ransomware. However, the Ukrainian conflict may make international cooperation more difficult. In January of this year, the Russian government declared that it was cooperating with the US by arresting 14 members of REvil and seizing computers, luxury cars, and more than $5 million, but this unprecedented collaboration did not last. According to Chainalysis, 2022 was the year of cryptocurrency hacks, with hackers stealing at least $3 billion in cryptocurrency during the year. Another cryptocurrency tracking company, Elliptic, estimated the total theft to be $2.7 billion. In the world of cryptocurrency, there were over 100 large-scale victims. There are now websites and Twitter accounts dedicated to tracking these hacks, which seem to occur on a daily basis. The most significant of them all was the Nomad protocol hack, in which a hacker discovered a vulnerability and began draining funds. This article continues to discuss notable cyberattacks that occurred this year and what cyberattack trends are expected to be seen in the new year.
MIT Technology Review reports "What's Next in Cybersecurity"