Cybersecurity solutions vendors cannot stress enough the expected use of artificial intelligence (AI) in carrying out attacks by cybercriminals. Trend Micro, a cybersecurity solutions provider, urges organizations to adopt a more robust approach to counter these cyber threats.
Specifically, Trend Micro highlights the use of Generative AI (GenAI), which can create sophisticated social engineering methods, transitioning from traditional emails or messages to manipulated voice recordings and videos.
“For this year, we are seeing that generative AI will stand out to be a potent tool for attackers, especially for impersonation and data theft attacks,” said Raymond Almanon, senior security specialist, Trend Micro Philippines.
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The democratization of GenAI may contribute to this surge, enabling cybercriminals to bypass previously identified red flags in cyber attacks, such as grammatically challenged emails.
Supply chain
Trend Micro’s report identifies three areas where attacks are expected to be more prominent: cloud, supply chains, and blockchain. The increasing digitalization of organizations, including migration to the cloud and utilization of cloud services, inadvertently provides potential attack vectors. Trend Micro advises companies to carefully consider security controls, emphasizing the adoption of modern security measures.
Supply chains are highlighted as a critical attack vector, with cybercriminals likely to exploit vendors’ software supply chains through CI/CD (continuous integration and continuous delivery) systems, focusing on third-party components.
Blockchain
The openness of blockchains makes them susceptible to attacks. Threat actors could exploit these vulnerabilities to modify, override, or erase entries and demand a ransom. Trend Micro emphasizes that private blockchains, undergoing fewer stress tests and lacking the resilience of their public counterparts, are more likely to be targeted by cybercriminals seeking administrative rights. According to the Trend Micro report, the expected worth of the blockchain market by 2030 will reach $70.1 billion.
“You have to invest in a holistic and robust cybersecurity platform,” said Ian Felipe, country manager, Trend Micro (Philippines). “Organizations should equip themselves with appropriate tools that leverage emerging technologies like AI and data analytics which empower cyber security capabilities such as attack, surface risk management, and the extended detection and response to combat cyber threats.”