2017 threats prediction and then some from McAfee Labs

With the year coming to a close, Intel Security released its McAfee Labs 2017 Threats Predictions Report, which identifies 14 threat trends to watch in the coming year.

According to the report, the most critical developments to look out for are in cloud security and safety in the Internet of Things (IoT). Along with the aforementioned, six difficult-to-solve challenges will also face the cybersecurity industry.

The report reflects the informed opinions of 31 Intel Security thought leaders. It examines current trends in cybercrime and makes predictions about what the future may hold for organizations working to take advantage of new technologies to both advance their businesses and provide better security protection.

2017 Threats Predictions

The 2017 threats predictions run the gamut, including threats around ransomware, sophisticated hardware and firmware attacks, attacks on “smart home” IoT devices, the use of machine learning to enhance social engineering attacks, and an increase in cooperation between industry and law enforcement:

  1. Ransomware attacks will decrease in volume and effectiveness in the second half of 2017.
  2. Windows vulnerability exploits will continue to decline, while those targeting infrastructure software and virtualization software will increase.
  3. Hardware and firmware will be increasingly targeted by sophisticated attackers.
  4. Hackers using software running on laptops will attempt “dronejackings” for a variety of criminal or hacktivist purposes.
  5. Mobile attacks will combine mobile device locks with credential theft, allowing cyber thieves to access such things as banks accounts and credit cards.
  6. IoT malware will open backdoors into the connected home that could go undetected for years.
  7. Machine learning will accelerate the proliferation of and increase the sophistication of social engineering attacks.
  8. Fake ads and purchased “likes” will continue to proliferate and erode trust.
  9. Ad wars will escalate and new techniques used by advertisers to deliver ads will be copied by attackers to boost malware delivery capabilities.
  10. Hacktivists will play an important role in exposing privacy issues.
  11. Leveraging increased cooperation between law enforcement and industry, law enforcement takedown operations will put a dent in cybercrime.
  12. Threat intelligence sharing will make great developmental strides in 2017.
  13. Cyber espionage will become as common in the private sector and criminal underworld as it is among nation-states.
  14. Physical and cybersecurity industry players will collaborate to harden products against digital threats.

Cloud Security and Internet of Things Predictions

McAfee Labs also provided predictions for IoT and Cloud security in the next two to four years. The list includes threat, economic, policy, and regional trends likely to shape each area. Gathering insights from Intel Security researchers, the following predictions also anticipate the responses we expect to see from device manufacturers, cloud service providers, and security vendors.

The Cloud predictions touched on topics such as trust in the cloud, storage of intellectual property, antiquated authentication, east-west and north-south attack vectors, gaps in coverage between service layers, for-hire hackers in the cloud, “denial of service for ransom” attacks, IoT implications for cloud security models, laws and litigation versus innovation, movement of data across borders, biometrics as cloud enablers, cloud access security brokers (CASBs), protection of data at rest and in motion, machine learning, cyber insurance, and ongoing conflicts pitting speed, efficiency, and cost against control, visibility, and security in cloud offerings.

Meanwhile, IoT predictions focused on cybercrime economics, ransomware, hacktivism, nation-state attacks on criminal infrastructure, challenges for device makers, privacy threats and opportunities, encryption, behavioral monitoring, and cyber insurance and risk management.

Six Critical Industry Challenges

The difficult-to-solve problems section of the report challenges the industry to improve threat defense effectiveness by reducing information asymmetry between defenders and attackers, making attacks more expensive or less profitable, improving visibility into cyber events, better identifying exploitation of legitimacy, improving protection for decentralized data, and detecting and protecting in agentless environments.

For more information, read the full report: McAfee Labs 2017 Threats Predictions Report.

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