HomeSecurityCyber SecurityTop 10 Cyber Security Threats All Businesses Face

Top 10 Cyber Security Threats All Businesses Face

As we become more and more reliant on technology, we also become more exposed to its threats. Cybersecurity is a topic that’s all too common and normal in this modern-day and age.

It’s an uphill battle for both big-name companies and smaller start-ups.

Despite trying for decades, these top 10 cyber security threats are still here to stay. The only real solution is to always keep on top of the game. Here are some of the most notorious cybersecurity threats and how you can avoid them.

1. Ransomware

This one is more common than you’d think when it comes to cyber security attacks. Ransomware is when malicious actors hack into your system, usually to lock you out. Rather than steal company secrets or empty your bank account, they want to hold you hostage.

There are two ways they do this. The rarer one is stealing information or data with the threat of releasing or selling it unless you pay a ransom. The more common one involves taking away your control and locking you out.

This is then followed by threatening to wipe everything unless you pay. The hackers change passwords, restrict access, and stop your own IT staff from being able to do anything. A significant number of companies get hit by ransomware every year, and a great deal of them end up paying.

2. Advanced Malware

Malware is viruses that sneak into your systems for nefarious purposes. Many ransomware attacks can get executed via malware infection. From collecting sensitive data to disturbing your operations, malware is a problem.

What’s more, malware is more advanced than ever. It can infect your smartphones as well as your computers and laptops. You can bring it into work and infect your company’s systems through your personal device.

3. Data Phishing

Hackers and scammers constantly pretend to be someone you know or trust to get access to info. Sometimes they pretend to be from your bank, but these days they target your workplace too.

Malicious actors are impersonating company employees and bosses to get sensitive information. A common one is to pretend to be from the payroll department, emailing over an issue processing a salary. The cybercriminal gets the employee to give sensitive info or click a link that infects them.

4. Identity Theft

As we push for digitalization, identity theft has become one of the most rampant types of cyber security threats. This poses a huge hazard to companies that manage sensitive or high-risk data. It can range from names and records to financial and corporate information.

Such data is and will always be valuable to cybercriminals. This sensitive information can be easily used for fraud and other illicit activities. Often, the price to pay to keep your data secure is much cheaper than the alternative.

The last thing you want is expensive, time-consuming lawsuits and court cases. Investing in the right prevention solutions and protection practices is your best bet.

5. Android and iOS Security Vulnerabilities

Gone are the days when your phone was invulnerable to cyber-attacks. Your smartphone has been a primary target of hackers for a long time. Hackers everywhere have been exploiting the vulnerabilities of phones and phone users.

One of the latest ones making the rounds is the Flubot scam. Hackers send you a text message pretending to be from a major delivery company. To resolve an issue with your package they ask you to download a tracking app, which actually infects you.

6. Cloud Hacking

The cloud has become a part of many companies’ operations. A whole host of security measures also use the cloud for better protection. Because of this, hackers have also been targeting it.

The cloud is all online, which makes it vulnerable to infiltration. Some attacks use the trust employees have in the cloud to collect or phish for data. People are less likely to suspect that hackers are using internal tools or systems.

Because of this, they let their guard down.

7. Outdated Software and Patches

Cybercrime is evolving fast, and sometimes security companies can’t keep up. This means they’re able to exploit the weaknesses of your old software. New updates and patches prevent this from happening.

Leaving your system outdated or not patching issues keeps doors open for criminals. They are always looking for vulnerabilities to exploit. Often businesses use similar programs or software suites, so a breach for one affects all.

Those having trouble can always hire a managed service provider. You can learn more here about them.

8. Internet of Things or IoT

The IoT is a concept we all experience and rely on, even if the term seems unfamiliar. It refers to how our tech devices communicate to function without our input. While convenient, it’s open to vulnerabilities and pitfalls.

Over-reliance on the IoT is what caused Facebook to lock itself out of its own servers. Hackers and cybercriminals are looking for any vulnerabilities they can exploit. At any step of communication, a weak link could give hackers a way inside a complex system.

9. Unprotected Network Security Connections

It’s not uncommon to see people working in a coffee shop or a public library. While some prefer to do this for the ambiance, it’s not always the best idea. The dangers of using public Wi-Fi and even 4G or 5G are have become known for a while now.

Sometimes your mobile or laptop even warns you about it when you attempt to connect to one. Never ignore this. It’s one of the most notorious cyber security threats and vulnerabilities.

Those with enough knowledge and skill can easily tap into your devices. This makes stealing any corporate or personal data a breeze for those determined to do so. Avoid doing sensitive tasks like banking or important work when using public Wi-Fi.

10. Poor Internet Hygiene

One of the many cyber security threats that get neglected is internet hygiene. Often this happens when employees, staff, and even clients are unaware of the risks they bring. This is why many companies and corporations don’t condone the BYOD policy.

Policies and practices like these expose a corporate network to major risks.

Some examples of this include visiting high-risk sites or doing suspicious browsing. Avoid getting victimized by staying away from websites with unknown domains. Also, steer clear of ones associated with sketchy or illegal activity.

Top 10 Cyber Security Threats

These top 10 cyber security threats are far from the only ones. Each one can also come in a variety of different ways. It’s important to always be on top of your game to keep your business safe.

Our site is full of more info on all matters of cyber security, so don’t be afraid to check us out.

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