Cybersecurity breaches on the rise warns research

Report finds cybercrime threat to increase 70% by 2024!

Someone typing on a computer keyboard

Thursday, 3 October, 2019

A new report on cyber crime and its impact on the economy has predicted cybersecurity breaches will increase by 70% over the next 5 years.

The paper, by UK-based tech researchers Juniper Research, looks at the changing face of cybercrime and new methods used to hack and breach systems. It found that cybercriminals are now using more sophisticated methods like Artificial Intelligence (AI).

Billion pound crime industry

The report warns the financial sector of risks for their customers if they don’t adapt to new threats. In 2018, the government estimated that cybercrime costs the UK economy over £20 billion per year.

It’s no news that cybercrime is a huge problem for consumers. Just last year Action Fraud reported £34.6m was stolen from cybercrime victims in London between April and September 2018.

However the finding that we could see a 70% increase shows that businesses and consumers need to do a lot more to protect themselves.

Turning the tables

The paper predicts that cybercriminals will turn security systems’ tactics against themselves, using the same AI technology to learn and breach firewalls. The rise of face-recognition tech for smart devices is also highlighted as a risk.

The increasing sophistication of ‘deep fakes’ will make it easier to use face recognition against victims. Most memorably seen in the viral video of Bill Hader doing impressions, deep fake technology is already terrifyingly convincing.

What can I do?

Short of moving to a cave and only using cash it can seem like cyber crime will get you one way or another. Here are some steps to stay secure.

  • To keep your information and bank accounts as safe as possible you should never share your passwords. 
  • Change your passwords from time to time and don’t use the same password for everything!
  • Use secure networks! Your home wifi is normally password protected, but did you know free public wifi is where you’re most vulnerable to hacking? 
  • Use a firewall.
  • Never open an email or click / share a link you think is suspicious, no matter how funny the dodgy scam might be!
  • Stay up to date with the latest scams! There are always trends for new scams, if you know what they are you know how to avoid them!
Natalie Dunning author picture

By:

Natalie Dunning is a freelance writer and Media Psychology researcher based in Manchester.

News What's the story?

Keep up with the latest developments in UK broadband.

Why is the UK worried about Huawei and what does this mean for 5G?

The Huawei controversy continues as Boris Johnson says we ‘will not risk British security”.

Why is the UK worried about Huawei and what does this mean for 5G?Why is the UK worried about Huawei and what does this mean for 5G? Read more

Unmissable streaming TV shows for 2020

Telly has moved online - let's dive in to the most bingeworthy releases due this year!

Read more

The most complained about home broadband services

Who's failing to live up to expectations?

Read more

Brits spend up to 4.9 hours surfing the web at work!

Read more

Help Learn with us

Make the most of the internet with our broadband library.

What are the differences between HD, UHD, 4K and 8K?

What are the differences between HD, UHD, 4K and 8K?What are the differences between HD, UHD, 4K and 8K? Read more

How far can augmented reality take us?

Read more

Keeping the Internet of Things secure

Read more

The best broadband routers for 2020

Read more