According to Forbes, last year's data breach statistics have soared past the figures for 2020. As of December 2021, the number of data compromise victims crossed 160 million compared to 120 million in 2020. This rise in cybercrime statistics may cost businesses and other authorities over $10 trillion in financial losses. The awareness and advocacy of cybersecurity keep increasing in today's digitally transformed world. Keeping abreast with online safety practices via continuing education such as a cyber security course has never been more imperative. Here are three of the top cybersecurity risks and how to stop them.
The cloud can be a great way for businesses to enjoy significant market growth benefits; however, using the cloud has its pros and cons. Now more than ever, cloud security is vital since virtual platforms and work-from-home technologies are becoming more popular. Gartner forecasts the public cloud services market segments like infrastructure-as-a-service (IaaS) to reach $100 billion by 2025.
Several activities like encrypted file sharing and unsecured Wi-Fi networks can make it easier for hackers to access an organization's cloud systems. Businesses that prioritize data-secure practices like two-factor authentication password protocols can effectively secure their activities on the cloud. Enlisting security software businesses like Black Kite can also be a great alternative. Black Kite's unique standards can afford businesses optimum security across multiple operational fronts, including technical, financial, and compliance.
Top mobile security threats include data leakages, spyware, phishing attacks, and network spoofing. Below is a more detailed explanation for each one.
Ransomware occurs when cybercriminals steal or encrypt an organization's data. The United Kingdom saw a surge in ransomware attacks last year. Likewise, ransomware susceptibility showed no signs of slowing down.
Harvard Business Review also reveals the frequency and amount paid to ransomware criminals increased by 300 percent in the last two years. Security experts advise businesses to avoid installing unknown software and regularly update their software security solutions to keep ransomware attackers at bay.
All in all, cybersecurity criminals continue to target organizations as virtual platforms and connected devices increase in adoption.
Understanding these cyber risk options and their implications for businesses can help you protect your com.
1. Cloud Security Threat
Several activities like encrypted file sharing and unsecured Wi-Fi networks can make it easier for hackers to access an organization's cloud systems. Businesses that prioritize data-secure practices like two-factor authentication password protocols can effectively secure their activities on the cloud. Enlisting security software businesses like Black Kite can also be a great alternative. Black Kite's unique standards can afford businesses optimum security across multiple operational fronts, including technical, financial, and compliance.
2. Mobile Security Threats
The world's mobile users currently stand at 7.2 billion people representing 91.62 percent of the world's population. It's not surprising that hackers channel many malicious activities toward mobile device users. In 2014, security experts found over 3 million malware on user devices, and the number has since shot up, with detection technologies recording over 300,000 malicious files per day.Top mobile security threats include data leakages, spyware, phishing attacks, and network spoofing. Below is a more detailed explanation for each one.
- Data leakage involves apps that pose threats to mobile users after downloading. These apps farm personal and corporate data to a remote server. Cybercriminals can then leverage the farmed data for their malicious activities. Mobile users can avoid data leakages by critically assessing suspicious requests and only giving approval to features they need.
- Spyware or stalkerware: They can be loaded on a target's device without the person's consent or knowledge. Often, spyware activities are orchestrated by familiar individuals like spouses, coworkers, employers, etc. Periodically scanning your device with efficient antivirus detection solutions can be a great way to rid your devices of spyware attacks.
- Phishing attack: This involves using social engineering methodologies to steal users' data, including log-in credentials. The attacker masquerades as a trusted authority and lures the victim to open a malicious mail or instant message. Mobile devices are the most vulnerable to phishing attacks, and the best way to protect your device is by adhering to the best safety practices in opening and replying to your messages.
- Network spoofing occurs when users connect to fake access points set up by hackers. Be wary of unknown Wi-Fi access points, and keep your data safe to avoid such threats.
3. Ransomware
Harvard Business Review also reveals the frequency and amount paid to ransomware criminals increased by 300 percent in the last two years. Security experts advise businesses to avoid installing unknown software and regularly update their software security solutions to keep ransomware attackers at bay.
All in all, cybersecurity criminals continue to target organizations as virtual platforms and connected devices increase in adoption.
Understanding these cyber risk options and their implications for businesses can help you protect your com.