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Wrapping up Cybersecurity in 2022:

It was clear in the year 2021 that cybercrime would continue to be on the rise in 2022. However, it seems that things were worse than originally thought.

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Aging Systems

The first threat to talk about didn’t emerge in 2022, but was aging systems. While technology is constantly growing and changing, new research dove into the depths of computer operating systems, particularly older systems. It’s natural that older software would uncover new vulnerabilities, but in 2022, it seems the need for new technology has been growing faster than the development of these new systems. Technology and the use of it has been on the rise since the late 90s. However, if developers cannot keep up with the constant demand for new technology, new systems, and new security infrastructures, than current systems are constantly at risk. This threat hadn’t truly emerged until 2022, but it is safe to assume that it will continue to be a threat. Any vulnerabilities or holes in a security system can pose a serious risk for attack.

It’s natural that older software would uncover new vulnerabilities, but in 2022, it seems the need for new technology has been growing faster than the development of these new systems.

Cyber Warfare

Another threat on the rise in 2022 was cyber warfare. Global superpowers are becoming increasingly clever with the use of digital warfare. Some countries are beginning to indirectly attack systems through major service providers. Although, cyber warfare goes beyond hacking systems. Simple fights between leaders of different countries through social media are their own form of cyber warfare. Twitter arguments are an example of this. A battle with words through leaders and potential leaders. 

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BYOD - Bring Your Own Device

BYOD, also known as “bring your own device” has also caused unique cyber threats to emerge. A rising number of companies require remote work, but it is rare these companies are in a position to provide equipment to all their employees. As a result, many employees bring their own devices into work and more often than not, these devices are not held to the same security standard as devices in a corporate setting. This not only poses threats to the owner of the device, but also to the company if that individual stores company data on their device. In addition, most companies rely heavily on cloud technology. With the vast majority of businesses opening in cyberspace, these threats are still on the rise.

With the several new types of threats emerging, there were plenty of cyberattacks in 2022 that put these threats to the test.

With the several new types of threats emerging, there were plenty of cyberattacks in 2022 that put these threats to the test.

Crypto.com

Cryptocurrency has been on the rise since 2020 and blending into 2021. This attack took place on January 17th and targeted nearly 500 people’s cryptocurrency wallets. According to an article by Ermprotect.com, Hackers stole about $18 million worth of Bitcoin and $15 million worth of Ethereum and other cryptocurrencies. The reason for this attack was the hacker’s ability to bypass two-step verification. Initially dismissing the attack as simply an incident, Crypto.com later retracted it’s statement when they had to tell their customers that money had been stolen. Users were effectively reimbursed but businesses must be aware of the best ways to protect against this type of fraud.

Microsoft Data Breach

This attack occurred on March 20th when Microsoft was targeted by a group of hackers known as Lapsus$. The group posted a screenshot showing that they had hacked Microsoft and compromised plenty of other applications as well.

Red Cross Data Breach

Also in January of 2022. Hackers carried out an attach on servers hosting the personal information of more than 500,00 people receiving services from the Red Cross movement. The hacker servers contained data related to the organizations restoring services. The Red Cross movement works to reconnect people separated by war, migration, and violence. They had to take their servers offline in order to stop this attack.

Ronin Crypto Theft

This gaming platform that relies on cryptocurrency was targeted between November 2021 and March 2022. This game enables plays to earn digital currency. As the firm grew in popularity, it also dialed back security protocols in order to handle a growing audience. Because of this, the company faced issues when criminals breached the servers and stole $625 million in cryptocurrency. A lesson that any business can learn: never compromise your security standards.

FlexBooker Data Breach

At the start of 2022, appointment management business FlexBooker was hit by an attack that affected about 3 million users. Confidential data including ID information, driver’s licenses, and passwords was compromised and offered for sale on hacking message boards. The hacking group exploited FlexBooker’s AWS configuration and once inside, they installed malware onto the servers allowing them to gain full control over the systems.

Conclusion

Aside from all these attacks, there were larger cyberattacks that affected not only individuals, but entire corporations. Russia, for many years, has attacked Ukrainian infrastructure. This includes power grids, internet, and banks. Since the outbreak of hostilities, these attacks extended to systems related to government administration and the military. Since the start of the conflict, Ukraine has unleashed cyberattacks of its own. Now that a large portion of both government and military operations use and rely on technology, it is clear that cybercrime has begun to reach beyond simple phishing attacks. Cybercrime has transitioned into warfare, a weapon. Though incidents like this have occurred before, we really saw it come into light through the Ukraine war. It is likely this wont be the last time cybercrime is used as more than a money scheme.


A large amount of new cybercrime trends were on the rise in 2022 and will continue to be. These threats are just a small portion of the threats still on the rise in 2022. The world has seen a major shift in threat actors use for cybercrime. Strict training and informative classes will be necessary for any corporation that relies heavily on technology and cybersecurity professionals will need to be prepared for the worst as the world comes into 2023.

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