Innovation in Business Q2 2022

click rate, we anticipate an increase in the usage of exact domain impersonation phishing emails in 2022. As more organisations move to a DMARC policy of ‘reject,’ we can expect to see an increase in lookalike domain phishing. Due to this, it’s recommended to continue with user awareness training to help users identify these types of emails. 5. Cyber skills shortage continues Resource constraints can limit an organisation’s ability to reduce risk, detect and respond to cyber threats. We expect an increase in the number of organisations outsourcing security operations tasks in 2022. Most organisations will outsource for vulnerability management, detection and response to help improve their cyber resilience and enable constrained resources to focus on organisational priorities. 6. Insider threat Disgruntled employees and accidental mistakes can cause data breaches. In 2021, the battle for insider threats reached a new level of complexity, with reports of ransomware gangs openly seeking insiders to assist them in infecting their company networks in exchange for generous commissions. We expect to see an increase in organisations leveraging user and entity behaviour analytics (UEBA) solutions in 2022 to improve their capability in detecting and preventing insider threat activity. 7. Supply chain attacks The supply chain remains an attractive target for criminal actors. This places a need on organisations to extend their risk management activities out to their suppliers through 2022 and beyond. We expect to see more scrutiny in supplier cyber security questionnaires moving forward. Being able to demonstrate solid cyber security maturity will start to become a competitive advantage for many organisations. The European Union Agency for Cybersecurity (ENISA) has boldly stated that strong security protection is no longer enough for organisations when attackers have already shifted their attention to suppliers. 8. State-sponsored activities Cyber-attacks are expected to play a greater role in global conflicts. With innumerable and untold covert cyber espionage skirmishes launched to grasp sensitive information and peek at government and defence infrastructures, governmentfunded hacking operations will continue into 2022 and beyond. Thereby, Governments will likely be proposing cyber security policies to have counter measurement capabilities and will continue to educate organisations on improving cyber security resilience. 9. Fake news and misinformation As numerous events start to come back, we can expect to see more fake news campaigns, troll and bot accounts, and rogue marketing distributed through social networking sites and emails. Fake news and misinformation aren’t only a problem for the government; fake news is also used to lure victims to malicious websites. Misinformation can be weaponised by adversaries to cause disorder for their own agenda. In addition, deep fakes are expected to make a greater impact in 2022, thanks to various apps, web3.0, and AR/VR technologies becoming more mainstream. 10. Cyber Insurance More organisations will invest in cyber security insurance during 2022. We expect the process to go beyond a paperbased tick box exercise; an increase in checks and validations will be made by insurers to see how companies address cyber risk and vulnerabilities, along with their detection and response capabilities to minimise impact. Gogarty concluded: “2022 will be another eventful year full of vulnerability exploits, account takeover attacks, phishing, and ransomware. Therefore, 2022 should be seen as an opportunity to go back and review the pivot-related changes of the last few years to see how visibility and control can be maintained to reduce business risk from cyber-attacks.” Download the complete report here.