As we continue to look for ways to curb cyber threats, companies and individuals are increasingly facing more and advanced threats. Cybercriminals use various methods to execute their threats. There is no clear way to deal with or to eradicate cyber crime though there are some ways we can limit the risk and protect ourselves from these criminals.
Some challenges in cybersecurity are more complex than others and are more challenging. In this article, we are going to walk you through some of these threats that are somehow very hard to mitigate. Some of these threats are from outside the company or workplace while others are just from within the organization.
Ransomware is one of the most aggressive tricks used by the black hat hackers. It involves taking a computer or even the whole network hostage. The files or data in that particular computer under hostage becomes inaccessible by the user until the victim pays some ransom fees typically paid in the form of cryptocurrency such as bitcoin.
The number of ransomware incidents has increased by around 36%, the rate at which it is growing is very alarming. Unfortunately, criminals are here to stay. These attackers spread viruses to the company and its customers. They then demand fees to clear the infection. The virus removed after the victim pays the price (hopefully).
2 The Internet of Things (IoT)
In the current generation, most people globally at least have an iPhone, television, a tablet, and a computer. More than 80% have smartphones. The internet of things ensures that all the devices that you own connect. It’s the fast track of essential change and is how the future economies shall work.
The experience of placing a sensor on all the objects at minimal cost is exciting but could also be very dangerous. It’s very risky and can pose serious security issues. Cybercriminals can exploit the devices and use them for ransomware attacks or DDoS attacks. The interconnectedness of these devices makes the consumer susceptible to attackers.
3 Information flow among devices
Some employees connect personal devices to those at work. The employee’s devices are doubling as both personal devices and work devices. This act can comprise the company’s data or other confidential information.
4 Cloud-based services and computing
Many companies have embraced the use of cloud computing; it enables companies and organizations to be swifter in their operations. Long gone are the days when companies had to pay large sums of money to purchase expensive software. Today most of them use SaaS solutions; they are cloud-based, are readily available, and are inexpensive. The answers are very appealing but might pose serious security threats to the companies.
5 Access to confidential information.
Internal threats are more complex to detect and deal with as compared to external attacks, which can be easily recognizable. The internal attack is more ambiguous when it involves access control. If an employee decides to download a file that is not related to job duties, it is difficult to discern whether this is an attack or just a mistake.