Cyber Security

The earlier you think about cybersecurity and protecting the most valuable asset in this technological era - information - the better. Cybersecurity needs to start when the business planning starts. But if you haven’t already, the second best time is now. Every time a new technological capability is added, businesses need to think about how to detect, secure, and recover it. If you’re still unsure of whether using cyber security services is necessary, consider that 60% of small companies go out of business within 6 months of a cyber attack!

There are too many cyber security threats to name all, but we will go over some of the most common ones. Ransomware attacks involve hacking into users’ data and preventing them from accessing it until the ransom is paid. It is detrimental to companies, but even after they pay the ransom, most times the hackers don’t release the data anyway. It has become a large problem in India as 82% of Indian companies were hit by ransomware in the past 6 months in 2020. IoT attacks are also very important to take notice of as there are currently over 10 billion IoT devices in the world, and the number is growing exponentially. These IoT devices include mobile phones, laptops, etc. which can expose and leak a lot of personal information, virtually the most important thing a person owns. Cloud attacks are hacking into a cloud platform to steal user data, it is one of the biggest challenges for businesses. There is a high risk of collapse after a cloud attack. Phishing is also mentioned a lot as hackers steal the login credentials and passwords for their benefit, such as shopping online with credit card information. Unlike ransomware, the information is not blocked off. There are many more advanced cyber security threats, but as technology is slowly ingrained in our lives, and even inside our bodies, it becomes more important to prevent them. Other examples of cyber security threats include: blockchain and cryptocurrency attacks, software vulnerabilities, machine learning and AI attacks, BYOD policies, insider attackers, outdated hardware, and more.

Very significant. In this technological era, more and more personal information is placed in cyberspaces, which are vulnerable to being attacked. As IoT interconnectivity and our reliance on derived data increases, cyber security threats are more prevalent. Take steps to protect yourself and your privacy by reading our blog and our article about the 10 IT security best practices.