Cyber Threats & Cyber Security - Everything You Need to Know

Cybersecurity has never been a simple task. Attacks on security protocols evolve every day as attackers are becoming more and more creative with their efforts. It is highly imperative that every business is familiar and know the different features which make impeccable cybersecurity. These cyber attacks are carried out in full public view nowadays, and hackers are not bothered about keeping themselves under the radar. At the same time, some hackers intentionally want to be spotted to know the security measures of the organization.

The worldwide spending on cybersecurity has been growing at an astonishingly high rate. Organizations all around the world are spending a substantial amount of their capital on developing security protocols. A survey of 2017 shows that 88% of tech executives have spent more than $1 million on developing security protocols.

The massive amount spent by modern day firms on cybersecurity depicts its significance. Organizations have started to realize that malware is a publicly available product which makes it quite easy for anyone to become a cyber attacker.

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In the modern world, the employee stays connected to the internet on a daily basis. Their communication channels are well attached to a broad base of staff. These channels of communication are spread all over the globe, which makes the reliance on cybersecurity a paramount prerequisite. Any mistake in these patterns of interaction can severely impact the organization and their brand identity. Furthermore, when a breach occurs the businesses reputation will also be at stake. Clients will not feel safe investing in a breached business, and this could result in substantial losses.

In a recent report from AT&T, 62% of businesses acknowledge that they experienced some form of cyber-attack. As per the 2016 estimation, almost 80% of US companies had suffered some cyber-attacks, with 47% experiencing a ransomware incident. In today’s date, it’s very crucial to plan for the worst in advance as hacks, data breaches and ransomware are considered quite normal. The gurus of market segment emphasize on firms to make cybersecurity training mandatory for employees and recommend different solutions to minimize risks.

Ongoing trends of cybercrime give a strong indication that a firm’s size is not an essential factor. All online entities can become a target of a hacker. However, SMEs (Small and Medium Exchange) are often less prepared for massive security threats, and they are easy targets than their larger counterparts. Furthermore, the main reason why SMEs are not adequately ready to fight back different types of threats is that they have limited resources.

Types of Cyber Threats

There are numerous types of cyber threats that can attack your organization/firm and can do a significant amount of damage to connected devices and networks. But usually, they fall under three broad categories namely confidentiality, integrity, and availability.

1. Attacks on Confidentiality

These are one of the most common types of cyber crimes, which include stealing identity information, bank account details, or credit card information. These attackers use this valuable information and sell it on the dark web or might even use it as blackmailing material.

2. Attacks on Integrity

Attacks on integrity consisted of personal or enterprise sabotage are mostly referred to as leads. A cybercriminal can access and release sensitive personal information to manipulate data and to influence the public trust in an organization. This type of cybercrime puts the entire customer loyalty process in jeopardy.

3. Attacks on Availability

In these attacks, the target is to block the access of users from their data until they pay the ransom. A cyber-criminal will infiltrate your network and prevent you from attaining essential data. There have been many instances where companies have given the asked amount and then fixed their cyber vulnerability to safeguard the data from future cyber attacks.

Let’s see some types of cyber threats that fall into the above-listed categories.

Social Engineering

Social engineering encompasses the attack on confidentiality. It is the process of psychologically manipulating people into performing actions or giving away information. The most common form of social engineering is phishing, which usually comes in the form of a deceptive email that urges and tricks the reader in providing confidential information.

Malware

Malware is a form of an attack on availability. It is like a software that is individually crafted to gain access and damage the computer without the knowledge of the owner. Spywares, key-loggers, true viruses, and worms are some of the common forms of malware.

Advanced Persistent Threats (APTs)

Advanced persistent threats fall under the category of attacks on integrity. These are attacks where an unauthorized user infiltrates a network and stays in it undetected for an extended period and causes severe damages to the system. The intent behind launching this type of attack is to steal the data, and not necessarily harm the network. These attacks are mostly carried out in sectors with high-value information, such as a national database, manufacturing, and the finance industry.

Quick Recap

Cyber threats are slowly becoming more of a norm than an exception for businesses in today’s information-driven age. At present, most companies have a small group of staff responsible for managing cyber threats and keeping themselves updated. However, some recent developments have suggested that these organizations still have a long way to go to attain the desired level of security protocols to meet the demanding needs of the modern era.

About Judy Robinson

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Judy Robinson is a passionate tech blogger at Mars Technology, a Virginia based Data Security and Cybersecurity Company specializes. She is passionate about technology and loves to analyze the tech industry in her spare time and stay in touch with the latest happenings.
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Everything You Need to Know About Cyber Threats And Security

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Types of Cyber Threats

1. Attacks on Confidentiality

2. Attacks on Integrity

3. Attacks on Availability

Social Engineering

Malware

Advanced Persistent Threats (APTs)

Quick Recap

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About Judy Robinson

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