Bitcoins are not entirely legal at the first place and if you add the prevalent cyber threats to the scenario, it is anybody’s guess that an attack is waiting to happen. Recently, we saw a cyber attack forcing at least three online platforms that exchange Bitcoins for traditional currencies to temporarily shut down.

Service Providers: Most internet services have already announced the implementation of additional measures to protect user data by using encryption of all data transmitted between their own servers. Implementing more sophisticated measures will be the key as users choose between competing web services.

Hackers are gunning for Cloud service employees as they believe that they are the weakest link in the security chain. With Big data around, a successful attack could hand cybercriminals access to huge volumes of data. The attackers would not only commit data theft, but would be aiming to delete or modify information. In some cases, manipulated information could be the game changer for those who commission such attacks.

Administrative Threats: Technology advances such as Software Defined Network and network virtualization are still new territory and a minor configuration error like an open port is a security problem waiting to happen.

Support for Java 6 has been stopped and Windows XP is the next thing to have similar stoppage. Many applications still run on Java 6; though many feel that Windows XP is outdated, statistics begs to differ stating 20 percent of the world still runs on Windows XP2. With no patches to fix them, these are sitting ducks waiting to be exploited.

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