What You Don’t Know About Cybersecurity Can Hurt You
What if your business reputation was reduced to rubble in an instant? Data breaches or predatory cyberattacks from malicious actors can happen in the blink of an eye, leaving a path of destruction that tarnishes your hard-earned reputation and halts your business operations.
It is essential that cybersecurity is part of your company’s DNA—research shows even a single incident could be a catastrophic setback.
You might think your company is too small for cybercriminals to target. Think again! Smaller businesses are targeted precisely because their company culture around cybersecurity is weak, and they often lack the most basic cybersecurity safeguards larger companies have.
Understanding what you don’t understand about cybersecurity is the first step toward meeting the challenge of keeping your business safe from a harmful financial setback.
Top 10 Cyber Threats Disrupting Businesses Around the World
Your IT environment is a delicate ecosystem that allows your business to process transactions, maintain essential communication efforts, and among other essential functions, it protects both your data and your clients’ data.
These common cyber threats have the potential to wreak havoc if not properly safeguarded internally or by an expert service provider.
Phishing
The deceitful practice of sending emails allegedly from reputable companies in order to entice individuals to reveal personal information, such as credit card information, passwords, or other highly sensitive information.
Malware
Software specifically designed to disrupt, damage, or gain unauthorized access to a computer system.
Man-in-the-Middle (MitM) Attack
An active wiretapping attack in which an attacker intercepts and selectively modifies data to masquerade as one or more of the entities involved in a communication association.
Denial-of-Service (DOS) Attack
A cyber-attack in which the perpetrator seeks to make a machine or network resource unavailable to its intended users by temporarily—or indefinitely—disrupting services of a host connected to a network.
Denial of service is typically accomplished by overloading the targeted machine or resource with superfluous requests; these attempts overwhelm the system and prevent some or all legitimate requests from being fulfilled.
SQL Injection
A type of cyber attack in which a hacker uses a piece of SQL (Structured Query Language) code to manipulate a database and gain access to potentially valuable information.
Zero-Day Exploit
A computer-software vulnerability in a system or device that has been disclosed but is not yet patched; an exploit that attacks a zero-day vulnerability is called a zero-day exploit.
Password Attack
A password attack refers to any of the various methods used to maliciously authenticate into password-protected accounts. These attacks are facilitated through the use of software algorithms that expedite ‘cracking’ or guessing passwords.
Cross-site Scripting
A type of security vulnerability that can be found in some web applications. XSS attacks enable attackers to inject client-side scripts into web pages viewed by other users.
Attackers may use cross-site scripting vulnerability to bypass access controls such as the same-origin policy.
Rootkits
A set of software tools that enable an unauthorized user to gain control of a computer system without being detected.
Internet Things of Attack
Includes any cyberattacks that seek to gain access to or take control of IoT devices with the intent to either cause harm to the devices or use them in attacks against other targets.
Variables in an IT environment mean cybersecurity support should be tailored to your business to fit your specific needs, as well as any particular areas of concern. A ‘one-size-fits-all’ cybersecurity strategy leads to increased vulnerabilities and system failures, which can lead to loss of trust and revenue. Closing the gap with cybersecurity insurance is the first step toward protecting your business assets.
Are you ready to safeguard your business against the unexpected with cybersecurity insurance? Reach out to Nettology today and schedule a security audit with one of our IT experts!
