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Cybersecurity Threats that may kill your business for good
Cybersecurity Threats that may kill your business for good

7 Dangerous Cybersecurity Threats that may kill your business for good

Are you sick and tired of reading the news about data breaches?

Does the news of ransomware attacks send chills down your spine?

If yes, then you are not alone. Most businesses share the same experience. Cyber attacks are becoming more and more sophisticated and dangerous.

Hackers seem to be one step ahead of cybersecurity professionals. Combined all that with a lack of investment, poor security measures and lack of employee awareness and businesses will have a hard time dealing with cybersecurity threats.

In such a situation, how can you protect your business from these cyber criminals?

One way to do that is to know about the potential threats and develop a security mechanism against those threats.

In this article, you will learn about seven cybersecurity threats that can affect your business in the future.

Read on to find out more.

Phishing

According to research conducted by Trend Micro, 91% of cyber attacks resulting in data breaches begin with a spear phishing attack.
This clearly shows how popular phishing attacks are. This trend will continue as hackers keep sending emails that pretend to be from an authorized source but it is not. Such emails will ask you to give out your personal and sensitive details.

Avoid clicking on malicious links send to you via email. The key to success is to increase employee awareness. The more aware your employees are, the less likely they will fall victim to one of these phishing attacks.

Cryptojacking

The exponential rise of cryptocurrencies in the last couple of years has to lead to the creation of crypto jacking malware. It has become so popular that it has even surpassed ransomware and become the number one cybersecurity threat.

How to Keep Your Bitcoin Safe and Secure?
How to Keep Your Bitcoin Safe and Secure?

Mining cryptocurrency requires a lot of resources and hackers are using enterprise computer systems for this purpose. It will bring your enterprise systems down to its knees and help hackers to reap financial rewards as well.

Download and Install security software, ad blocking, and anti crypto mining extensions to protect your enterprise assets safe from crypto jacking malware. This goes a long way in protecting your business from these attacks.

Ransomware

Yes, the number of ransomware attacks might have dipped last year but they are still a threat that businesses cannot afford to ignore. Ransomware attackers have now shifted their attention from the quantity and are not launching more targeted ransomware attacks.

The easiest way to protect your business from ransomware attacks is to take regular backup of your data so you are not left at the mercy of hackers.

If you have a backup of your data, you can easily restore it from there and won’t have to pay a ransom to attacker. Data stored on best dedicated server can also be affected by ransomware.

IoT Risk

According to Cisco prediction, we will have 50 billion connected devices by 2020. This means that we will be surrounded by these devices which will be everywhere from out home to office.

With so many devices, hackers will have more opportunities. This also gave rise to a new trend called BYOD (Bring Your Own Device). With each employee bringing their own devices to work, along with already present devices, it becomes a daunting challenge to ensure the security of all these devices.

Moreover, mobile devices usually connect to a wireless network, which makes it easier for hackers to get access to these devices. With mobile devices storing a lot of data these days, this is not good news for businesses and device owners.

How to Keep your Customer Credit Card Data Secure

Imagine hackers managing to successfully compromise few of those devices and wreck havoc on your enterprise network. Lack of security protocols for IoT devices and a single standard makes things worse.

Businesses embracing IoT should implement policies and procedures to ensure the safety of these devices otherwise, these devices will become a burden and work against the business instead of working in their favor.

Rogue Chatbots

Another trend that is gaining momentum is of chatbots. Many businesses are already relying on chatbots to deliver real-time customer support while others are using it for many different applications.

Just like in phishing attack, hackers will create rogue chatbots that will pretend to be customer support representatives and trick users into clicking on to malicious links thus compromising their security.

Cybercriminals can hack your chatbots instead of creating their own and these hacked chatbots can direct users to a malicious website by forcing them to click on those links.

Hackers can also use it to identify and exploit loopholes in web application and can inject a malicious chatbot or code snippet in a legitimate website.

Zero Day Attacks

Anti-virus software and other security programs rely on their virus definitions to detect malware. No matter how good the anti-malware software might be, it won’t be able to detect and neutralize zero-day attacks because their virus definition does not contain this zero-day malware.

Keep everything up to date and install all the security patches. Install the latest version of all the software and operating system as it has ironed out all the bugs in the older versions.

Shadow IT

Your employees might be using some software, applications and even some hardware without your consent or knowledge. This might not seem like a big deal but it can lead to serious cybersecurity repercussions. This practice is known as Shadow IT.

Your IT department is responsible for ensuring the security of your corporate infrastructure and prevents misuse of resources. Once they are not aware of the apps your employees are using, how can they monitor them and ensure that regular updates are performed in time.

Make sure that all the activities are logged so you can easily see everything in front of your eyes. This also makes it easy to identify suspicious activities.

You & Cybersecurity threats

Which is the biggest cybersecurity threat that will affect businesses in the future?

Feel free to share it with us in the comments section below.

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About Mohammad Ali

Mohammad Ali is an experienced digital marketer and a search engine marketing specialist who is currently associated with Branex, as senior digital marketer and brand strategist.

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