Of course, consumers and businesses aren't the only ones benefiting from the digitization of modern life.
Cybercrime is growing exponentially, and businesses in particular are at significant risk.
That's a pretty sobering statistic, mainly owing to the value of attacks against organizations and enterprises.
Cybercriminals are attacking from all directions, and businesses must stay on their toes to avoid becoming a statistic.
Insider threats are those posed by people who don't need to breach security to reach your network, as they've already been granted access.
Covering a wide range of attacks, Social Engineering refers to any cybercrime that starts with gaining the trust of an end user.
Social engineering attacks are particularly threatening because they prey on the trust or naivety of an end user to wreak havoc.
With remote and hybrid workforces, social engineering attacks are even more prominent - end users have grown accustomed to receiving requests for information or performing actions via digital means.
Traditional security, like encryption, policies, and security software, are less effective.
A form of malware, ransomware is a nefarious attack that can be catastrophic for businesses.
Ransomware attacks are very effective as businesses are held at the mercy of their attackers.
Without access to their data or systems, business comes to a standstill.
That means the value of these attacks is not only the price tag set by the attackers but the losses incurred when a company cannot conduct business.
While the dream for cybercriminals is a successful ransomware attack on a large company with deep pockets, no one is hidden from their radar.
Small businesses are often targeted as bad actors know they likely lack resources to back up data or otherwise recover from downtime and are most likely to find a way to pay the ransom so they can get back to business.
At the time of writing, AI is a non-standard attack vector.
The most considerable related risk to businesses today concerning AI is data leakage.
Cloud security vulnerabilities can present a cyber threat to organizations.
It's imperative to ensure the third-party platforms you enlist to help run your business take security seriously.
Apply the same stringent security assessment to APIs, as API security is a common attack vector.
This Cyber News was published on www.cybersecurity-insiders.com. Publication date: Thu, 22 Feb 2024 01:43:06 +0000