PROTECT YOUR DIGITAL LIFE™
Highlights:
- The rise in physical threats to Corporate Executives will continue in 2025.
- AI-generated deepfake attacks will escalate in 2025 and will continue to target high-profile individuals.
- The need for digital security will expand beyond privacy concerns to include holistic, integrated cyber and physical protection.
- Cyberattacks targeting high-net-worth individuals are expected to rise, posing threats to their financial assets, personal brands, and reputations.
- Digital cyber protection for Executives and Boards will become a corporate mandate in 2025.
Orlando, FL – January 7, 2025 – BlackCloak, the pioneer in Digital Executive Protection for corporate leaders, high-net-worth individuals, and family offices, announces its predictions for 2025. As cyber threats evolve and become more sophisticated, BlackCloak is at the forefront of providing innovative solutions to protect its clients.
The threat to information security through executives’ personal digital lives and their assets is a real and constantly occurring issue. As security improves within organizations, cybercriminals increasingly target individuals’ private lives by attacking home networks, compromising unsecured devices with malware and ransomware, and even targeting family members.
These breaches are not merely hypothetical: according to the Ponemon Institute research, which surveyed CISOs about the risks to executives’ digital lives, 42% of respondents reported that their executives or family members had been attacked by cybercriminals, resulting in threats ranging from malware and doxxing to instances of extortion and even physical attacks.
– DR. CHRIS PIERSON, CEO AND FOUNDER, BLACKCLOAK
2025 Cybersecurity Predictions
Prediction #1
The Rise In Physical Threats To Corporate Executives Will Continue In 2025
- Neglecting personal privacy and at-home cybersecurity practices for corporate executives can physically harm individuals and their loved ones. Despite malicious actors increasingly exploiting identifying information for harassment and attacks, 58% of security leaders say preventing cyber threats against executives and their digital assets is not covered in their cyber, IT, and physical security strategies and budgets, according to the Ponemon Institute.
- Social media, weak account security, and data brokers are key sources of vulnerability, making privacy practices essential to prevent doxxing, swatting, and other digital and physical threats.
Prediction #2
The Rise Of AI-generated Deepfake Attacks Will Escalate In 2025 And Will Continue To Target High-Profile Individuals
- AI-powered tools like deepfakes may shift cybersecurity challenges in 2025, exploiting human vulnerabilities over technical flaws. Proactive measures will be crucial to counter emotional manipulation tactics.
- These attacks will focus on the personal lives of corporate executives, leveraging fabricated videos or audio to evoke emotional responses. For example, a fake video of a distressed family member or a fabricated audio clip of an executive’s voice discussing sensitive topics can prompt immediate and impulsive actions, such as transferring funds or sharing confidential information. Attackers bypass corporate defenses through social engineering by targeting personal vulnerabilities rather than technical systems.
- While companies have fortified digital assets, they must now address the personal digital security of executives and their families and guard against sophisticated AI-driven social engineering attacks.
Prediction #3
Digital Security Will Expand Beyond Privacy Concerns To Include Holistic, Integrated Cyber and Physical Protection
- We are experiencing a shift in tactics as criminals expand beyond identity theft and reputational damage into the realm of physical danger. Executives and high-net-worth individuals are quickly becoming prime targets for both cybercriminals and physical threat actors, which is blurring the line between online protection and physical safety. Corporations and those tasked with protecting them – whether cyber or physical protection – will find that having one without the other is not sufficient.
- In 2024, we witnessed the rise of targeted social engineering schemes that blend digital manipulation with threats to an executive or a family member. The harsh reality is that a cybercriminal doesn’t just exploit an executive’s personal laptop, they also exploit their physical security through carefully orchestrated cyber tactics that prey on their personal life and those closest to them.
- When we consider that 39% of executives onboarded by the BlackCloak team were in a “breached state,” the size of the problem becomes apparent. Digital Executive Protection is a necessity if physical security is to be enhanced.
Prediction #4
Cyber Attacks Targeting High-Net-Worth Individuals Will Increase, Not Only On Their Financial Lives But Their Brands And Reputations
- The rising tide of cyber attacks against high-net-worth individuals and family offices reflects a simple reality: cybercriminals go where the money is. What makes wealthy individuals particularly vulnerable is a combination of several factors. Their public status often means more personal details are accessible to potential attackers, and their complex financial lives – involving multiple accounts, properties, and business interests – create numerous entry points for cybercriminals.
- In a 2024 Family Office Cybersecurity Report by Deloitte, 43% of surveyed family offices had experienced a cyber attack in the prior 2 years. Family offices, which manage the wealth of high-net-worth individuals and their families, are custodians of sensitive financial and personal information. This data is extremely valuable on the dark web, where it can be sold or exploited for identity theft, fraud, or other illicit activities.
- Attack sophistication has evolved specifically for this demographic. Cybercriminals employ highly refined techniques targeting family offices and wealthy individuals, often using well-designed and thoroughly researched attacks. These can include specialized forms of phishing known as “whaling” attacks, which are precisely targeted at high-value targets.
Prediction #5
Digital Cyber Protection For Executives And Boards Will Become A Corporate Mandate
- Digital cyber protection for executives and boards of directors will become a corporate mandate by 2026. This mandate reflects the growing awareness of these individuals as critical targets in cybersecurity due to having access to highly sensitive corporate information – and their personal devices, communications, and digital behaviors can become entry points for sophisticated cyberattacks.
- Corporations’ having a solution in place for the personal protection of their executives and senior leadership teams’ digital lives is no longer a nice thing; it’s a “must have.” The convergence of personal and professional digital lives has become more intertwined over the years, compromising numerous corporations and costing them millions of dollars.
- We have seen a significant increase in attacks on corporate executives, from doxxing to swatting, spear phishing, and now AI-generated deepfake impersonations. These threats will continue to extend beyond cybersecurity as these methods allow the extraction of profiling information used in planning physical attacks.
Fireside Chat: Top Predictions for Executive Leadership & HNWI Safety in 2025
About BlackCloak
BlackCloak protects corporate executives and high-profile individuals from cybersecurity, privacy, financial, and other reputational risks. Used by Fortune 500 companies across all industries, the BlackCloak Concierge Cybersecurity & Privacy™ Platform is a holistic solution that includes mobile and desktop apps and concierge support. Executives and high-profile individuals get peace of mind knowing their family, reputation, and finances are secured. Companies rest assured that their brand, intellectual property, data, and finances are protected against threats from executives without invading their personal lives. Learn more at www.blackcloak.io, follow them on LinkedIn and Twitter.
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