The developers have announced the latest update to The Division, bring the game up to version 1.7. In this new update, an achievement like system will be implemented, as well as Encrypted Caches that contain cosmetic items. There are a bunch of new changes in this latest patch, and it will go live less than a week from now on August 15.
Here’s the summary from The Division’s State of the Game Reddit thread:
Global Event Outbreak

Starts at August 15th ? the exact time is not clear yet, but it is at the same day as 1.7 drops
It is the one with the toxic NPCs and the headshot modifier
It will run till August 22nd – so next Tuesday

Commendations / Patches

Commendations will be activated with 1.7 and it will add a new achievement-system into the game. You will be rewarded with a new vanity item ? the Patches. You can put them on your character.
Masks

Were not shown in this State of the Game – they remain a surprise
You can get those based on your performance during the Global Events

Character Customization Station

You can now customize your character in the Terminal ? but there are restrictions and you will have the same options as you had when you created your character

Encrypted Caches

New Encrypted Caches will be added to the game, that can be bought with real money or key-fragments that can be collected in game.
They contain vanity items and can be collected by the Premium Vendor.
Summary how they function than be found here: Link

Year 2 ...