Online threats have risen to nearly six-times their usual levels recently, as cybercriminals prey on the panic surrounding COVID-19. It’s now more important than ever to protect your business against security threats and attacks.
To help, we’ve put together this guide on the top six security threats facing your business, and how to appropriately shield your business and customers from attack.
In one word: everyone. Cybercriminals do not discriminate, meaning that your business is at risk regardless of how many employees you have, how much money you make, or who your customers are.
We could spend the rest of this guide detailing the reasons why you should protect your business against security threats. Instead, here are the four most important:
Currently, the six top security threats facing businesses in 2020 are:
Hardware and software vulnerabilities occur when outdated or unpatched software opens your business up to the below-mentioned security threats.
Outdated or unpatched software or hardware means that your systems aren’t protected against current threats or new cybercrime techniques used to infiltrate your systems.
Criminals can access your systems and networks to obtain confidential information, damage your business, and access your customers.
You can protect your business from hardware and software vulnerabilities by:
A phishing attack is when a criminal sends an email pretending to be from a legitimate organization. The email encourages the recipient to click a malicious link, download a malicious file, or provide sensitive and confidential information.
Phishing emails have grown in sophistication over recent years, using company logos, email addresses, and disguised links to become increasingly convincing and successful.
Phishing emails are a huge security threat to your business because they target the human factor, rather than your technology weaknesses. By using familiarity to gain the recipient’s trust, these emails can quickly lead to the unintentional download of a virus or malware, or sharing of financial data or login information.
The main ways to protect your business against phishing attacks are:
A ransomware attack uses software to hold your computer or systems hostage until a ransom fee is paid. They are usually a result of clicking a malicious link or downloading an infected email attachment.
Ransomware attacks not only give cybercriminals access to confidential information and systems, but they also prevent your business from operating until you pay the ransom.
Businesses are faced with a decision to either lose all of their data or pay a hefty fee with no guarantee that the criminals will release the information. Ransomware attacks can also have implications for your customer’s data, leading to legal action and fines.
You can protect your business from ransomware attacks by:
A malware attack uses worms, viruses, or Trojans to infiltrate your systems without your knowledge. The malware then gains access to personal information or causes damage to the system.
Malware attacks are becoming more sophisticated and can be used to obtain confidential information, disrupt operations, or demand payment – all of which cause significant and lasting business damage.
You can protect your business from malware attacks by:
Internet of Things (IoT) attacks take place on the devices, communication channels, and applications used to run IoT technology in your business.
IoT systems are often quickly deployed without considering security – making them a significant security weakness for your business. Different IoT attacks cause different impacts on your business, such as the theft of confidential information, Denial of Service attacks, and remote audio and video recording.
Depending on how you use IoT systems in your business, these attacks can affect your employees, customers, and operations.
You can protect your business from IoT attacks by:
Insider threats come from your employees, contractors, and any third parties that have (or have had) access to your data, network, and business premises.
Aside from the obvious threat of rogue insiders having access to confidential data and systems, the biggest danger is carelessness. Those who accidentally compromise your data by forgetting to lock devices, absentmindedly clicking links, or using weak passwords.
You can significantly reduce insider threats by:
Protecting your business against these security threats isn’t an option – it’s a requirement by the law, by your customers, and by your employees.
Protect what matters most to your business by taking action now.
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