Businesses have adapted to technological advancements as an integral part of development. As more people continue to conduct businesses online and work from home, the digital world is expanding.
However, with an increase in digital activity, there’s been a rise in cybersecurity threats. In the past years, various large-scale companies experienced cybercrimes globally. From established corporations to new online stores, businesses of all sizes and types are at risk.
Let’s have a look at the most common cybersecurity threats all businesses should be aware of, so you can identify them before incurring costly damage.
Ransomware Attacks
Cybercriminals slowly disrupt a business as a powerful way to distract business owners. The disruption may cost you time and money and bait you into making unsecured decisions. They may use planned internet outages, for instance, to cause disturbance within your company, obstructing employee productivity and other business operations.
They can also cause interference with ransomware attacks which have become increasingly popular over the years. Hackers, in these attacks, gain access to information important to run your business. In every way, they hold the sensitive data as a hostage and demand ransom if you want it back.
Misrepresentation of Data
Technology has led to the development of vehicles and bots of misinformation. This creates distrust among members of the public in terms of any information they come across. In addition, people may mistakenly trust false information.
In any case, it’s harmful to the business since it complicates communication with consumers and deteriorates trust. This happens especially when cybercriminals falsify the information about your company or impersonate you.
Hackers are also misrepresenting the data and technologies used by businesses. For instance, criminals hacking your company’s cloud are likely to upload fake documents instructing employees to transfer money into hackers’ accounts.
Exposing Information
With the deterioration of its system, the company loses control over the business. As a result, it can be exposed to various risks that cybercriminals are tempted to take advantage of. For example, more businesses are AI to upsurge their efficiency. But if deployed untested, AI could lead to unexpected consequences, including more exposure to cybercrimes.
Swift technological development may also mean new federal laws to adjust it, lowering companies’ control. Many expect an increase in surveillance laws to put businesses at the risk of having their information leaked. Increased privacy regulations are likely to inhibit effective monitoring of employees, making it difficult to identify the hidden threats.
Social Engineering
90% of a third of breaches integrated social engineering techniques in 2020. Social engineering attacks include scareware, phishing emails, and more. The techniques manipulate human technology to achieve specific goals.
DDoS Attacks
Hackers use devices compromised earlier for hacking or malware. That’s why every machine can perform criminal activity without its owner being informed about it. It is now easier for cybercriminals to employ artificial intelligence to carry out DDoS attacks. For instance, they stole information from 3.75 million TaskRabbit app users a few years ago.
Are you looking for security software solutions to protect your business from cybercrimes?
Axis Business Technologies is a locally owned company in Southern Colorado that believes in providing high-end solutions to your business needs. Employing the right technology can contribute to business expansion, and that’s why we offer various computer and network solutions for secure Data Recovery Colorado Springs, document management, and more!
Get in touch with us for information about our products and services in Colorado Springs.
