With the ever-growing expansion of tech, businesses need to be on high alert for an increasing number of cyber threats. While some of the more sophisticated cybersecurity attacks are directed at governments, mega-corporations, and financial institutions, all businesses are at risk these days.
Furthermore, a current shortage of cybersecurity professionals adds to the severity of the growing number of cyber attacks on businesses and even individuals.
But when it comes to businesses, these are the relevant threats that serve as reasons to invest in cybersecurity services from sapphire.net.
Ransomware And Malware
Ransomware and malware viruses have become one of the most significant issues in the digital world. While the ransom payment is only one of the financial impacts, loss of productivity, business downtime, and the cost of rebuilding and replacing hardware systems are also relevant impacts of this particular cybersecurity risk.
An example of ransomware is WannaCry, an attack that took place back in 2017 in which roughly 250,000 fell victim to ransom demands. This attack covered about 150 countries. Furthermore, CryptoLocker, NotPetya, and Bad Rabbit are also examples of prominent ransomware attacks.
Business email and phishing compromise is still prominent cybercrime. With this, cybercriminals can obtain access to networks.
Phishing emails seem like regular mails from organizations and trusted peers. However, when opening these emails, you’ll find a malicious link. Unfortunately, cybersecurity is essential because it’s pretty easy to open a mail and follow the link without much thought.
Using the cloud as data storage has become a go-to solution for most businesses in the 21st century. What’s more, many companies rely on cloud storage to make remote environments possible. With this comes an enhanced risk of endpoint attacks.
This type of cyber attack can give cybercriminals entry to more extensive networks. Fortunately, cybersecurity measures such as endpoint detection and response, or EDR, have emerged to help mitigate this particular cyber threat.
Third-party attacks or supply chain attacks explain the instance of a cybercriminal using vulnerable outsider security systems to access an organization’s more extensive network.
Because third-party exposure adds more risk for businesses, it has become critical for all companies to implement cybersecurity best practices.
The Internet of Things is increasing dramatically every day. As more people start using the internet, cyberattacks increase accordingly. With this, everyone using the internet is exposed to some level.
This type of threat includes hacking devices to access sensitive data, overload networks, or even financial gain.
While crypto is an incredibly secure system, it is not void of illicit activity. Unfortunately, even though cybercriminals can’t hack empty your crypto wallet, they can hack systems to mine the currency.
Mining crypto requires extensive processing power, and hackers earn illicitly through using someone else’s. With this, businesses can suffer enormously from crypto-jacking as the impacts can result in downtime, system malfunctions, and other performance issues. So, companies also need cybersecurity to prevent this unique type of breach.
It’s pretty crucial to implement measures to prevent a data breach. Not only is a data breach a costly situation for a business to encounter, but the impacts are harsh enough to see startups and small businesses close their doors as a result. So, investing in cybersecurity for your business must be a priority.