Cyber attacks can expose sensitive data and disrupt systems, be it ransomware, phishing schemes or data breaches. To manage the risk of these threats, the combination of training, technology, policies, and procedures is required to safeguard digital assets, network infrastructure and other crucial systems.
Cyber threats are constantly evolving and emerging across all industries and sectors. The Internet of Things and the increase in cloud computing provide new attack surfaces to bad actors who have access to the network of large companies through third-party providers and their connected devices, such as smart speakers, printers, or cameras. These attacks could be used by malicious actors to steal money, access sensitive information, or disrupt crucial services.
Social engineering (phishing), advanced persistent threats (APTs), and distributed denial-of service (DDoS) are all threats. Social engineering exploits human interaction to gain access to systems not authorized by the user. It can take many forms, such as making employees appear to be remote tech support agents for COVID-19. manipulating them into divulging passwords, or posing as an executive to gain access to the databases of customers or financial records at a corporate level.
These risks could cause actual, direct costs to businesses of all sizes. These threats could lead to compromised employee and customer data, interrupted service, monetary losses, regulatory fines and legal consequences. In addition, they can affect a brand’s reputation as well as affect the trust of consumers within the company. These negative effects can last for a long time, even after the threat is recognized and reduced.
