As the popularity of IoT Internet of Things devices grows in — things like smart speakers and video doorbells — hackers are looking to exploit these devices for valuable information. There are multiple reasons why hackers choose to target IoT devices. These devices often contain easy-to-access data such as passwords and usernames, which then can be used by hackers to log into user accounts and steal valuable information, such as banking details.
Hackers can also use internet-based cameras and mics to spy on and communicate with people — including young children via smart baby monitors. Humans are possibly the weakest link in any security protocol. This is why cybercriminals are now turning to human psychology and deception to try and gain access to personal information.
The hacker will start by contacting a company or service provider and pretend to be a specific person. Instead, all the attacker needs is to be convincing and allow human error and complacency to reward them with the data they need.
Although cryptojacking attacks dropped significantly in previous years — mainly due to the sharp fall in the value of cryptocurrencies, this trend remains a threat. Given the value of cryptocurrency, cryptojacking malware attacks will continue to be lucrative for cybercriminals. As more tools become available to developers who want to program AI scripts and software, hackers will be able to use this same technology to carry out devastating cyberattacks. Although cybersecurity companies are using artificial intelligence and machine learning algorithms to help combat malware, these technologies can also be exploited to hack devices and networks on a massive scale.
Cyberattacks can often cost cybercriminals a lot in terms of time and resources. So, with the expansion of AI and machine learning technologies, we can only expect hackers to develop highly-advanced and destructive AI-based malware in and beyond.
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