Experian’s five data breach predictions for 2020 include:
- Cybercriminals will leverage text-based “smishing” identity theft techniques to target consumers participating in online communities. As more Americans continue to join like-minded groups on social media to provide financial support to social causes or political candidates, cybercriminals can solicit unsuspecting consumers with fraudulent messages via SMS text to seek bank account details or other sensitive information.
- Hackers will take to the skies to steal consumer data from devices connected to unsecure networks. As cities install more free public Wi-Fi systems, the more than one million drone devices operating in the U.S. today may be armed with affordable mobile hacking devices to steal sensitive data from consumers and businesses on the streets below.
- Cybercriminals will use deepfake technology to disrupt the operations of large commercial enterprises and create geo-political confusion. Artificial intelligence technology can manipulate C-suite executives and government leaders’ appearance and voice to blur the lines of what is real and what isn’t.
- Burgeoning industries, such as cannabis retailers and cryptocurrency entities will be targeted for cyberattacks as a result of online activism or “hacktivism.” As a form of protest, hackers may seek to gain access to controversial companies’ sensitive data due to their prevalence in society and increased cash flow.
- Cybercriminals will execute a major hack of the mobile point-of-sale platforms used to process transactions. The proliferation of mobile payment options would allow cybercriminals to access payment data over unsecured networks and target large venues such as concerts or major sporting events.