Cyber attacks can expose sensitive data and compromise critical systems, be it ransomware, phishing schemes or data breaches. To combat the risk of these threats, it is necessary to use a combination of technology, training policies, procedures, and policies is required to safeguard the digital assets, network infrastructure, and other crucial systems.
Cyber threats are constantly evolving and arising in all sectors and industries. The Internet of Things (IoT) and the emergence of cloud computing are opening up new avenues for attack for criminals who have access to large-scale company networks through third-party providers and their connected devices like printers, smart speakers or cameras. These attacks could be used to steal funds, access sensitive data or disrupt critical services by flooding systems with Internet traffic.
Threats include social engineering (phishing), insider threats, advanced persistent threats (APTs) and distributed denial of service (DDoS) attacks. Social engineering exploits human interactions in order to gain access to unauthorized systems. It can come in different forms, such as creating fake employees to appear as remote tech support agents for COVID-19, tricking them into divulging passwords, or posing as an executive in order to gain access to the corporate databases for customer or financial data.
These risks can cause direct and real costs for organizations of any size. These threats could lead to compromised employee and customer data interruptions in service, financial losses, regulatory fines, and legal consequences. Additionally, they could cause damage to a brand’s reputation and damage trust among consumers within the company. These negative effects can persist for years pop over here after the threat has been detected and reduced.