Cyberthreat Predictions 2020: What to watch out for this year

The Asia Pacific region is at the forefront of 5G technology and Industry 4.0 and its emerging economies with a hyper-online and highly mobile society. With the start of this new decade, one can expect many more technological developments to emerge from the APAC. On the other side of this, with the rise of technology, cyber criminals have also become much more sophisticated with their attacks.

Cybersecurity firm Kaspersky has now released their key predictions for the new decade derived from the observations and findings collated by the global cybersecurity company’s Global Research and Analysis Team (GReAT) last year combined with industry and technology trends. The predictions aim to provide guidance and insights for the cybersecurity industry and relevant stakeholders in APAC.

Brace for more mobile threats

As the number of users moving to mobile platforms from regular PCs is still growing in the region, the number of threat actors going into this space follows.

A number of different Android and iOS 0-days were reported in 2019, like the watering hole spyware discovered on iOS which can get hold of confidential data like iMessage photos and GPS location.

The interest in compromising mobile platforms with persistence is ever-growing, which is why Kaspersky expects to see more threats when mobile exploits become a commodity and the price for it goes down. 

“Mobile users in the Asia Pacific remain vulnerable to social-engineering which is up to this time one of the most common attack vectors. Common users are often tricked by online scams, automated dialers, sextortion attempts, and free online services offering free streaming video, which often come with hidden in-browser cryptocurrency miner,” says Vitaly Kamluk, Director for Global Research and Analysis Team (GReAT) Asia Pacific at Kaspersky.

New techniques and new platforms from known threat actors

In 2019, Kaspersky researchers have seen Advanced Persistent Threats (APT) actors active in this region taking on new techniques and approaches such as using steganography by Ocean Lotus or Developing malware in Nim programming language by Zebrocy or using malicious LNK files by HoneyMyte.

Researchers have also seen Ocean Lotus with their new iOS malware in 2019. This threat actor has been actively adopting new techniques, which are aimed to complicate malware analysis.

More attacks targeting countries involved in “Belt and Road Initiative (BRI)”

Kaspersky also saw last year at least a few threat actors targeting countries in the region involved in “BRI ” such as Ocean Lotus, Lucky Mouse, and HoneyMyte and with more advancements in different aspects of this initiative, it’s likely to see more attacks motivated by it.

BRI is a programme which aims to connect China to the world. Announced in 2019, the project aims to link the country to three continents — Asia, Africa, and Europe — through interlinked land and maritime networks. The end goal is to ramp up trade and economic growth and to boost regional integration.

Supply chain attacks remain one of the largest threats

Last year, researchers from Kaspersky have also discovered and announced a breach of several software supply chain companies in Asia. Threat actor known as ShadowPad/ShadowHammer is believed to be responsible for this sort of attack.

It is also worth noting that a survey conducted by Kaspersky showed that successful supply chain attacks can cost as much as $2.57M on average. Given that this group has been active in the past several years doing similar attacks on a lower scale, we expect this actor to continue, and also other groups to move into this segment. Kaspersky expects to see more reports of software supply chain companies being compromised

Olympic Games in Japan

It has almost become a tradition to run politically motivated attacks during the Olympic Games. With high political tension in many regions of the world, we shall expect one or even several independent attacks to happen during the upcoming Olympic Games in Tokyo.

The predictions have been developed based on Kaspersky threat intelligence services from around the world. The full list of Kaspersky Threat Predictions for 2020 is available on Securelist.com

This list of predictions is a part of Kaspersky Security Bulletin (KSB) annual series predictions and analytical articles on key changes in the world of cybersecurity. Follow this link to look at other KSB pieces.