Within the ever-changing digital landscape, the business realm and its operations have transformed. However, this shift has also heightened the vulnerability of organizations to diverse cyberattacks. The progression in technology has inadvertently provided hackers and wrongdoers with an avenue to exploit or abscond with data, gaining entry into computer networks and systems. Explore the vital role of cybersecurity services in countering these threats.
Targeting individuals to great businesses, cyber attacks are becoming a propelling issue in the digital world. It’s high time for all individuals and organizations to get alert on various common cyber threats and approach cybersecurity services. So, by reading this blog, you will get a clear idea about the common threats against cybersecurity in today’s era.
Top 6 Common Threats Against Cybersecurity
Social Engineering
Have you heard about social engineering before? It is one of the practices invented by a Dutch industrialist- JC Van Marken in 1894. But it has turned out to be one of the trending cyber attacks in the current era. Being one of the common malicious cyber-attacks, it is a practice of manipulating the users psychologically to make security errors to leak sensitive data.
Unlike other phishing attacks, social engineering begins with a casual conversation. The hackers or the criminals understand the way people think and act and lead the discussion with the individuals to gain access to valuable information and exploit the business or organization. Various surveys and reports have proved that most attacks start with an email. Due to this, it has become a real threat of breaching data by deceiving people.
Third-party Vulnerabilities
Hackers can get access to less-secure networks of third parties that will help them to get around easily, and reach the primary target. You might have heard about the hack that happened in 2021, where the attackers exploited the information and data from Facebook, Instagram, and LinkedIn. It is one of the examples of third-party exposure in which the hackers leaked the information with the help of Socialarks, a third-party contractor. These types of vulnerabilities and cyber-attacks have increased during covid times.
Ransomware
Ransomware is one of the most common malware tricks followed by criminals and attackers for years to exploit or encrypt files or data. With asymmetric encryption, these ransomware practices often happen through email spam. After encrypting the files, cyberattackers tend to ask for ransom payments to regain access to the files. So, the easiest way for the organization is to pay the ransom to the cyber attackers. It will eventually lead to the loss of valuable data, and in severe cases, it will result in downtime of the business.
Denial Of Services
Sometimes, a group of individuals working in an organization might experience a flood of false requests. If it sounds relatable, you have come across a cyber attack, i.e. Denial of Service. It is one of the most dangerous malicious cybercrimes in which the attackers practice flooding enormous false requests to a network with the motive to exploit the business operations.
This practice disrupts the usual tasks where the users or employees can’t access emails, websites, and even online sites processed by computer networks. Like a DOS attack, DDOS is a distributed denial of services where the attacks are launched from multiple systems.
Cryptojacking
Have you heard about cryptojacking? It is one of the current trends that most cyber criminals practice by exploiting third-party work or home computers for cryptocurrency. Since cryptocurrency mining needs a lot of computer processing power. So it’s an easy way to acquire money by piggybacking on someone else’s systems. In simple words, it is one of the illegal practices that hackers follow to gain cryptocurrencies using others’ information.
Cloud Vulnerability
The adoption of cloud computing and implementation has growing importance in the digital realm. Even though it brought significant changes and transformations in the business world, it also led to some loopholes in data breaches and cyber-attacks. Cloud vulnerability is a gap that increases the possibility of getting exposed to attacks. It might include poor access management, Insecure APIs, data compliance, and privacy concerns.
This unauthorized access to corporate accounts or valuable data opens the gate for cyber criminals to implement cyber attacks, including stealing, exploiting, and deleting sensible or private data and information that might lead to financial losses or harm to your business.
Phishing Attacks
Phishing attacks are one of the common cyber-attack that often occurs in the form of emails, fraudulent messages, and spam websites. It is one of the popular practices that has been practiced for years to manipulate users or organizations to acquire sensitive information such as social security data, passwords, and even bank details.
One of the common phishing attacks is spear phishing. It is the practice of sending phishing campaigns with information that would attract the targeted group of people or individuals and encourage them to unveil confidential or sensible data.
Frequently Asked Questions
Is phishing a social engineering attack?
Phishing is a type of social engineering attack that is initiated through text messages or fraudulent emails to manipulate users for exploiting or stealing sensitive data or information.
How can we safeguard our business from cyberattacks?
A secured network with a strong password policy is a primary element necessary for safeguarding your business from cyberattacks. It is essential to make your employees aware of the cyberattacks and the security measures. To grow your business in safe boundaries, you can also approach the best cybersecurity service provider to monitor, detect security risks, and prevent them.
Conclusion
As the digital realm expands, the number of cyber-attacks and malicious attacks will be increasing. Social engineering to malware attacks are some popular cyberattacks that people or organizations encounter nowadays. So, it is better to be aware of these cyberattacks that might drop your business down or lead to financial loss.
One of the best ways to safeguard your business from these dangers is through cybersecurity services. They are the third-party organization that assures security to your business by detecting high-risk areas and preventing cyber attacks by securing the valuable assets of your organization.
