Are global organisations fit to mitigate cyber risk in 2022

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Hong Kong: Global organisations will emerge more alert and better prepared in 2022 to fight back cyberattacks in 2022 predicts a new Trend Micro report.

The new Trend Micro report forecasts that global organisations with a comprehensive, proactive and cloud-first approach be able to mitigate cyber risk.

However, in order to do so, they will have to rely on research, foresight, and automation, which are critical for organisations to manage risk and secure their workforce.

Trend Micro researchers predict that threat actors in 2022 will focus ransomware attacks on cloud and data centre workloads and exposed services to take advantage of a large number of employees continuing to work from home.

To drive successful campaigns vulnerabilities will be weaponised in record time and chained with privilege escalation bugs, according to the report.

“We have more cybersecurity researchers embedded across the globe than any competitor, and those insights and discoveries are used widely within the industry and power our own product offerings,” said Tony Lee, Head of Consulting, Hong Kong and Macau -Trend Micro.

“It’s been a tough couple of years for cybersecurity teams, disrupted by work-from-home mandates and challenged as corporate attack surfaces have exploded in size,” said Lee.

“However, as hybrid work emerges and more certainty returns day-to-day, security leaders will be able to plot a robust strategy to plug gaps and make the bad guys work much harder,” added Lee.

IoT systems, global supply chains, cloud environments, and DevOps functions will be in the crosshairs. More sophisticated commodity malware strains will target SMBs.

However, Trend Micro predicts that many global organisations will be ready for the challenge as they build out and implement a strategy to proactively mitigate these emerging risks via:

  • Stringent server hardening and application control policies to tackle ransomware
  • Risk-based patching and a high-alert focus on spotting security gaps
  • Enhanced baseline protection among cloud-centric SMBs
  • Network monitoring for greater visibility into IoT environments
  • Zero Trust principles to secure international supply chains
  • Cloud security focused on DevOps risk and industry best practices
  • Extended detection and response (XDR) to identify attacks across entire networks

(Image source – Trend Micro)

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