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LogRhythm 2022 Predictions: Supply Chains, Olympics, FIFA World Cup All at Risk of Cyberattacks

vmblog predictions 2022 

Industry executives and experts share their predictions for 2022.  Read them in this 14th annual VMblog.com series exclusive.

Supply Chains, Olympics, FIFA World Cup All at Risk of Cyberattacks

By James Carder, Chief Security Officer at LogRhythm

Cybercriminal groups old and new inundated businesses across industries with one major attack after another in 2021. As the year winds to a close, it's time to reflect on what we have learned and what is in store for the security landscape in 2022. Below, the LogRhythm team has compiled some realistic expectations of what is to come in the new year:

A leading country producing semiconductor chips will have its supply-chain compromised, resulting in major shortages of critical materials

As we have seen with the pandemic, cybercriminals will take advantage of periods of societal disruption to manipulate companies and governments for financial gain. The global chip shortage, which shows no sign of slowing down as some experts estimate it could last through the end of 2022, is another period of disruption that hackers will soon exploit. As countries seek to ramp up production, one country will be caught attempting to corner the market by using fraudulent methods to gain access to the production and supply of the leading chip-producing countries. This will result in shortages of critical supplies, as well as soaring prices for basic goods.

The supply chain of a major vaccine manufacturer will be halted by ransomware

In 2021, ransomware attacks crippled Colonial Pipeline and JBS. In 2022, cybercriminals will set their sights on carrying out a ransomware attack against one of the pharmaceutical companies producing the COVID-19 vaccine. This will interrupt the production of critical booster shots and keep many other lifesaving drugs from reaching patients. The resulting fallout will fan the flame for foreign and domestic vaccine disinformation campaigns. 

Cybercriminals will leverage API vulnerabilities to breach multiple company networks at once

Cyberattackers commonly use lateral movement techniques to move through an organization's network after carrying out the initial breach. We have already seen the Russia-linked REvil ransomware-as-a-service group leverage Kaseya's network management and remote-control software to move not only within Kaseya's network but extend its reach to its customers. In 2022, we will see hackers seek to up-level the lateral movement concept for internal networks and apply it to an entire partner network using misconfigured APIs, which serve as a doorway from the internet into a company's environment.

Hackers will blackmail Olympic athletes during the Beijing Olympics

Hackers will breach various athletes' accounts and find incriminating email exchanges regarding the use of performance-enhancing drugs and insight into the individual's personal life. This will result in athletes being blackmailed into helping hackers carry out cyberattacks on their home countries or face the release of incriminating evidence.

Regardless of which of these predictions comes true, there's one thing we can count on: cybersecurity teams are going to be busy next year. As cybercriminal tactics shift and new breaches make headlines, it will be crucial for organizations to prioritize cybersecurity going into the new year.

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ABOUT THE AUTHOR

James Carder 

James Carder has nearly 25 years of experience working in corporate IT security and consulting for the Fortune 500 companies and the U.S. Government, as well as serving in the U.S. Air Force. As LogRhythm's Chief Security Officer, he develops and maintains the company's security governance model and risk strategies, protects the confidentiality, integrity, and availability of information assets, and oversees corporate governance, risk, compliance, and audit, security operations, security architecture, product and application security, physical security, and awareness and education.  He also directs the mission and strategic vision for the LogRhythm Labs threat research, compliance research, and operational risk teams.

As a member of the LogRhythm executive team, Carder is an active participant in ensuring the success of the company. He leads product vision and go to market strategies to include product roadmap, analyst relations, and mergers and acquisitions. He also assists the sales and business development organizations to convert prospects to customers contributing to the overall growth of the company.

Published Thursday, November 18, 2021 7:40 AM by David Marshall
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