Cyber security has become one of the most influential and dominant sectors in today’s market. Every person and company over the internet is liable for their confidentiality and security. Due to the internet culture and massive information sharing over the web, valuable personal data as well as sensitive information is transiting from thousands of servers and residing across datacenters and storage computers. Motivated Cyber criminals are now thinking out of the box and coming up with various new means to compromise and steal sensitive data for their own benefit. Due to a lot of successes in the past, the money which was received through such thefts has now been invested back into the cyber crime cartel to make even better profits. Here’s the top latest threats that individuals and organizations need to guard against:
1. Phishing Emails
Over the years phishing has stayed as the top threat affecting individuals and organizations alike. What makes it so effective? The sheer simplicity and the amount of time and resources needed to craft and send a phishing email! It only requires some creativity, an active internet connection and an open relay server that would spoof and forward these emails to unsuspecting users. More than 50% of breaches worldwide are somehow or the other connected to phishing attacks. How to identify and avoid phishing attacks? Mere common sense and an eye for detail. Always look closely at the content of the email and if at all… the links embedded in it. It should be mandatory for organizations to conduct at least some sort of cyber security training or cyber security education program for all its employees and staff. This enables your resources to understand the importance as well as mitigate the impact of such attacks.
2. Browser Attacks
With the invention of browser-based services like Netflix and other e service providers, there has been a strong motivated push from the criminals to target users accessing these services. Browser attacks can look as naïve as information tracking or home page hijacking but can also reach highly malicious levels such as HTTP response attacks and session compromise. One way to mitigate these attacks is to make sure your browser stays free from unnecessary add ons or extensions and “added software packages”. Private browsing is also considered a safer option when in doubt. Talking about more sophisticated attacks, such as the recent HTTP2 downgrading vulnerability, organizations can keep track of such public disclosures and security admins must patch or fix configurational issues in question.
3. Ransomware Attacks
Ransomware attacks have also been a recent advent and a much popular one given the rise of “WannaCry” ransomware that affected millions of systems over the globe. Ransomware attacks have now started showing consistent increase and complexity. A ransomware attack tries to compromise your system and encrypt your data without your consent. Thus, locking your access to your own data. The attacker then asks for a payment (Ransom) to give you an encryption “KEY” that will decrypt your data back to normal again. The preferred payment method for cyber criminals is bitcoins and once the ransom is paid, a key would be sent by the criminal to your email address. Although in a lot of cases, the victim pays the ransom and doesn’t hear back from the attacker at all, losing data as well as money. A good way of avoiding complete loss of data is to have a backup of your data kept at an external media. Paying ransom, however, is not recommended or advised in any situation.
4. Malicious Android applications
Almost everyone owns a smartphone in the 21st century. The availability of technologies such as 4G/5G networks and connectivity has made smartphones a primary choice for many users to browse and access the internet. Many applications have been developed for mobile users and are made available through open portals like the google Appstore. One can download and install any application through a list of vast numbers of applications on these portals. The problem arises when an unsuspecting user downloads and installs a “Doppelganger” or a fraudulent application thinking it to be of a certain use. These apps, however, are involved in several malicious activities that range from information stealing to backdoor access. It is very important for the user to make sure that they download a legitimate application from the play store or any other repository, to avoid falling prey to these cyber security risks.
The banking industry's ongoing digital transformation has enlarged the attack surface, exposing businesses to higher levels of cyberthreat activity.
A person may suffer severe financial loss as well as mental pain as a result of cybercrime.Understanding the most recent threat patterns can help you design more informed security strategies that accurately assess your company's cyberhealth.
Cybercriminals can obtain access to whole banking networks and steal key user data by infecting weak end-user devices with malware.
This threat has escalated in recent years as malware has become easier to purchase than ever before.
SpoofingSpoofing is a modern type of cybercrime in which thieves create a new website that looks remarkably similar to a bank's website URL.
PhishingIt is the act of impersonating a trustworthy entity in an electronic conversation in order to get sensitive information such as credit card numbers and other personal information for malevolent purposes.
The internet is a boon for all businesses since it allows businesses of any size to operate from any location to reach newer and larger markets.
It has provided many with the opportunity to work more efficiently by using computer tools.
You can take a small step at a time to make your business less viable to an online attack by keeping your machines clean and keeping your antivirus software up to date.
Securing Businesses with Technology such as FirewallA firewall is a unique set of programs that can prevent potential threats and prevent outsiders from accessing sensitive data on a private network.
Hire a Cyber security professionalA cyber security profession will help you make your private network safer and help you make backup copies of essential business data.
They will help you back up the data on all the computers so that critical data, including processing documents, electronic spreadsheets, financial files, account details, etc., are available offsite or in the cloud.
These adversaries are masters of disguise and deception, always evolving new ways to disrupt, steal, and harm.
TrojanA Trojan horse, often known as a Trojan, is a type of malware that deceives users by masquerading as an innocuous program.
It usually takes the shape of an app or software that claims to be useful or entertaining.Ways to avoid Trojan:1.
Make sure your computer has a Trojan antivirus program installed and functioning.
Implement technology to visually monitor networks and determine how much bandwidth a site consumes on a regular basis.Social EngineeringSocial engineering is a broad term that encompasses a variety of nefarious activities carried out through social connections.
Unsolicited phone calls, visits, or emails from individuals requesting information about employees or other internal information should be avoided.2.
You'll need a system that adapts to the ever-changing cyber security scenario.
Every part of your company's IT architecture and operations must be able to prioritize, triage, and respond to cyber threats.When it comes to selecting a cybersecurity partner, several options may appear to be similar, have excellent track records of accomplishment, and offer varying amounts of value to managed service providers (MSPs).
You could be vulnerable to hacks, financial losses, and reputational damage if they are slow to respond or lack technical or interpersonal abilities.
Cybercriminals attack firms from all directions, from ransomware to phishing to advanced persistent threats (APTs).
Furthermore, if your in-house solutions function together flawlessly, you won't have any integration issues down the future.Keep your marketing in mindRegardless of the cybersecurity supplier you choose, you'll need to keep generating leads and communicating with consumers.
You'll need high-quality logos, layouts, and presentations, among other things.
Global healthcare cyber security market size is expected to reach nearly USD 10,848.87million by 2022, according to a new report by Grand View Research, Inc. Key factors attributing to the growth of the market include the increasing incidences of cyber attacks for misuse of electronic patient health records (E-PHR), social security records, IP theft, and others.
On previous encounters it was witnessed that cyber attacks were focused on stealing, financial information, billing information, and bank account numbers using stolen devices with un-encrypted data, phishing and spam mails.
Furthermore, these organizations face internal threats due to factors such as the use of cloud services, unsecure networks, employee negligence, bring your own device (BYOD), lack of internal identification and security systems, stolen devices with un-encrypted files.
Healthcare cyber security market is segmented by, type of threat into malware, ddos, advanced persistent threat (apt), spyware, lost and stolen devices, others.
Security information and event management (SIEM), risk and compliance management, DDoS mitigation, antivirus, antimalware, identity and access management, intrusion detection system (IDS)/intrusion prevention system (IPS) and others are the solutions included in the scope of the study.
Market dynamics in this sector are dependent on the type of threat, effectiveness, and frequency of attack, ability to detect and destroy.
