​Online fraud detection: Trend Micro Predicts More Sophisticated Cyber-Attacks in 2017

Companies around the world are under constant cyber-attack. Cyber-criminals in 2016 were able to target companies on several fronts, hitting them with distributed denial of service (DDoS) attacks that knocked their web applications offline and cut them off from their customers for hours at a time. They used phishing attacks to dupe employees into disclosing network login information so they could break in and steal data and trade secrets. Unfortunately, security software company Trend Micro says things won’t change very much in 2017. Rather, Trend Micro’s cyber-threat predictions for the New Year suggest hackers will increase their attacks on mobile platforms and the internet of things (IoT). They also will continue their practice of scamming employees with worthless spam emails and phishing messages. In addition, Trend Micro believes an emerging threat known as cyber-propaganda could be used to foment unrest and destabilize national governments. All the while, hackers are expected to rake in billions of dollars from their activities. This slide show will cover Trend Micro’s predictions on the security threats companies will face in 2017 and suggest what people and enterprises can do to protect themselves from increasingly sophisticated attacks.

The Internet of Things Becomes a Hacker Haven. Connected devices will be important tools for hackers in 2017. Trend Micro predicts hackers will use IoT devices as “sleeper agents” that they’ll pool together for much larger attacks against important infrastructure, launching “massive DDoS attacks” via the devices. They’ll also try to take down wide swaths of the internet and “pummel” major organizations.