Cyber threats are not one-dimensional. They can be categorized in various ways, including by type of threat, target and impact. Cyber criminals use different methods to attack organizations and their data. Some of these attacks are so effective that they can lead to significant financial losses for companies.
The following are some of the most common cyber threats:
Malware:
Malware secretly and silently infiltrates a computer and undermines data, applications, or the operating system. Malware has become the primary external danger to computers. It can cause extensive damage and disruption, and it takes a lot of time and effort to clean up malware. While malware has been used for years to violate individual privacy, its incidence has risen dramatically in recent years. Spyware tracks personal activities and is used to conduct financial theft. Organizations are also at threat from non-malware threats. These cyber dangers are frequently intertwined with malware.
Phishing:
A phishing attack is an attempt to acquire sensitive information such as usernames, passwords and credit card numbers through fraudulent emails, websites or texts. It is considered one of the most common types of cyber attacks because it is simple to execute and often relies on social engineering techniques, which can make it difficult for organizations to detect before it’s too late.
Ransomware:
Ransomware refers to two types of malware that encrypt your hard drive and demand payment from you in exchange for the key needed to decrypt it (usually a password).
DDOS attack:
DDoS (distributed denial-of-service) attacks are used by hackers to overwhelm websites with traffic from multiple sources at once. While it may seem like an easy way to cause disruption, these types of attacks come with serious consequences if left unchecked.
Corporate Account Takeover(CATO):
A CATO attack is when a cyber criminal impersonates a company and sends unauthorized wire and ACH payments. The cyber thief receives the stolen funds. A variety of businesses are susceptible to CATO attacks. Institutions with poor computer safeguards and limited online banking controls are particularly susceptible. These cyber criminals use malware to infect a computer via e-mail, websites, or malicious software impersonating software. This type of cybercrime can cause serious harm.
With the increasing number of cyber attacks in different forms, it is one of the most important aspect today to safeguard one’s account/ business safe from such disastrous threats.
Watch out for this space, to know what could be the best and most affordable services you can get for your business to protect your data.