Cyber Security Attacks – Company Intelligence, Business Interruptions, or Financial Benefits. Whatever the motive, cyber security threats have become all too common and continue to undermine all aspects of the digital empire.
In addition to causing serious financial damage, cyber attacks can lead to administrative penalties, lawsuits, reputable damages, and disruption of business continuity.
No business and IT organization is safe in the current cyber world. As cybercriminals become increasingly dependent on high-tech technology, organizations often feel hopeless as their personal information and sensitive information fall victim to malicious attacks.
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What is the threat of cybersecurity?
A cyber security threat is malicious and intentional attacks on an individual or organization to gain unauthorized access to another person’s or organization’s network to damage, disrupt, or steal IT assets, computer networks, intellectual property, or other sensitive data.
Types of Protection Threats
While the types of cyber threats continue to grow, there are some of the most common and widespread cyber threats that modern organizations need to be aware of. They are as follows:
Malware attacks are the most common type of cyberattack. Malware is defined as malicious software, including spyware, ransomware, viruses, and worms, which are installed on the system when a user clicks a link or malicious email. Once inside the system, malware can block access to sensitive network elements, damage the system, and collect private information, among others.
2) The crime of stealing sensitive information
Cybercriminals send out malicious emails that appear to be from legitimate services. The user is then tricked by clicking on the malicious link in the email, which leads to the installation of malware or the creation of sensitive information such as credit card details and login credentials.
3) Spear Phishing
Spear phishing is a very sophisticated form of cybercrime where cybercriminals only target legitimate users such as program administrators and C-suite administrators.
4) A Man in a Medium Attack
The attack on Man in the Middle (MitM) occurs when cyber criminals put themselves in the middle of a two-party networking. Once the attacker has interpreted the connection, they can filter and steal sensitive data and return various responses to the user.
5) Denial of Service Attack
Rejection of service attacks is aimed at floods, networks, or servers with high traffic, thus making the system unable to fulfill legitimate requests. Attacks can also use multiple infected devices to initiate targeted system attacks. This is known as a Distributed Denial of Service (DDoS) attack.
6) SQL Injection
Structured Query Language (SQL) injection attacks occur when cyber makers try to access a database by entering malicious SQL documents. Once successful, the malicious character can view, modify, or delete data stored in the SQL database.
7) Use of Zero Days
Zero days attacks occur when software or hardware vulnerabilities are announced, and cybercriminals are using the vulnerability before launching a solution or solution.
8) Threats to Progress (APT)
Persistent persistent threats occur when a malicious character gains unauthorized access to a system or network and remains unavailable for a long time.
9) The ransom
Rhlengware is a type of malware attack in which the attacker locks or hits the victim’s data and threatens to publish or block access to the data without paying a ransom.
10) DNS attacks
DNS attacks are cyber attacks in which cyber criminals use a threat to the Domain Name System (DNS). Attackers use DNS risk to divert page visitors to malicious pages (DNS Hijacking) and extract data from compromised systems (DNS Tunneling).
Sources of Cybersecurity Threats
In order to respond effectively to a cyberattack, it’s imperative to know the threat actors and understand their tactics, techniques, and procedures.
Here are some of the common sources of cyber threats:
1) National Country
Cyber-attacks by a nation can have a detrimental effect on disruption of communications, military operations, and daily life.
2) Criminal gangs
Criminal gangs aim to gain access to the system or networks for financial gain. These groups use cybercrime, spam, spyware, and malware to commit identity theft, online fraud, and system hijacking.
Hackers test various cyber breaches to protect themselves and to use risks on a computer system or network. They are motivated by personal gain, revenge, tracking, financial gain and political activism. Hackers develop new types of threats to the pleasure of the challenge or the proud rights of the hacker community.
4) Terrorist Groups
Terrorists carry out cyber attacks to destroy, infiltrate, or use sensitive infrastructure to threaten national security, endanger military equipment, disrupt the economy, and cause mass casualties.
Hacktivists commit cyber attacks to support political causes rather than financial gain. They identify industries, organizations, or individuals who do not share their political views and agenda.
6) Inside Bad
Interns may include employees, third-party sellers, contractors, or other entrepreneurs who have legal access to business assets but who misuse that access to steal or damage information for financial or personal gain.
7) Business Spies
Business spies carry out industry or business spying to make a profit or disrupt a competitive business by attacking sensitive infrastructure, stealing trade secrets, and gaining access.
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Top Cyber Threat Facts, Figures, and Statistics
Cyber threats continue to evolve, causing trillions worth of losses to the cyber world. Here are some alarming facts, figures, and statistics on the latest cybersecurity threats:
- The global average cost of a data breach is USD 3.92 million
- Estimated annual losses through cyberattacks to reach USD 6 Trillion by 2021
- Cybercrime breaches to increase by 76% by 2024
- Over 50% of all global data breaches to occur in the United States by 2023
- The average cost of a data breach to a US company is USD 7.91 million
- The average number of days to identify an incident in 2019 was 206 days
- 2 billion records were exposed due to data breaches in the first half of 2019
- A business will fall victim to a ransomware attack every 11 seconds in 2021
- Cyberattacks on IoT devices increased by 300% in 2019
- Cyberthreat complaints increased by 400% in the US amid the coronavirus pandemic