Security online is fast becoming a significant issue for businesses worldwide. Despite the help of technology to optimize their operations in different new methods, cyber-attacks is growing in numbers. Cyber threats this year are expected to cover even the nation state cyber espionage. And this will surely damage many businesses.
Learn about some of the top cyber risks and what they may mean for your business, regardless of size.
Here is a list of key problems that you should know:
- Human error – it means losing a laptop or smartphone with sensitive data. When you lose certain data, clients may consider legal action due to non-prevention of unauthorized access which has confidential information of other people.
- Hacker – it is a person who breaks into the computer system. In most cases, cyber criminals are in for the profit. Hacktivists can damage your reputation and your business. He could also endanger a nation’s security.
- Spear Phishing – it is a dishonest practice of sending emails seemingly from a known sender. This is to encourage the receiver to reveal certain confidential information. This could trigger a computer virus to disable security measures which can include transfer verification emails.
- Extortion – it is when an individual breaks into the data system of a firm by SQL injection attack wherein an attacker can do SQL statements or a malicious payload. This can control the web application’s database server. This is done to extort money in exchange for the restoration of vital project files or information.
- Ransomware – it is a malicious software that threatens to make public the victim’s data and even block access if a ransom is not paid.
- Distributed Denial of Service (or DDoS) attacks can cripple multiple gigantic names. This attack is a result of a multiple compromised systems bringing about flooding the targeted system with traffic of incoming messages, malformed packets, connection requests which can slow down and eventually shut down.
This will deny service to users or systems.
- Internet of Things (or loT) – this is an important privacy threat. It is an inter-networking of physical devices or “connected devises” to connect a computer network with another network. This can allow gathering and exchanging of data which cyber criminals can access.
- Dronejacking – drone is a major tool for shippers, photographers, farmers and more. Cyber criminals are most likely to use this tool by hacking into technology.
- Social engineering – the cyber technology has become very complex that cyber criminals will now turn to social engineering to be able to bypass such system. This involves manipulation or deception of key persons into disclosing financial information or data by using the phishing techniques.
- Insider threats – it could be that the threat comes from the inside. Data shows that 60% of the security issues arise internally.
There are more cyber risks like machine learning, mobile malware, and fake ads.
Businesses must keep ahead of the sophisticated cyber criminals. You need to have the right software and the right systems. Hire the best security professionals and boardroom buy-in.