7 Cyber Threats that Every Business Should Be Aware Of

Cybercrime is big business. In 2018, the total cost of cybercrime was estimated to be $600 billion, and it’s only getting bigger. From big businesses to small businesses, no one is safe from the threat of cybercrime. That’s why it’s so important for businesses of all sizes to be aware of the most common cyber threats they face.

What are the 7 most common cyber threats?

These are the 7 most common cyber threats that businesses face:

1. Phishing

Phishing is one of the most common and most dangerous cyber threats businesses face. Phishing attacks are when attackers pose as a trusted entity in order to try to trick victims into giving them sensitive information. These attacks can come in the form of emails, text messages, or even phone calls.

2. Malware

Malware is another common type of cyber threat. This is software that is designed to damage or disable computers and systems. Malware can be used to steal data, destroy data, or hijack systems for malicious purposes.

3. Ransomware

Ransomware is a type of malware that encrypts files on a victim’s computer and demands a ransom be paid in order to decrypt the files. This type of attack can be devastating for businesses, as it can lead to the loss of important data or systems being held hostage.

4. SQL Injection

SQL injection is a type of attack that allows attackers to execute malicious code on a database. This can allow attackers to gain access to sensitive data or even take control of the database.

5. DDoS Attacks

DDoS attacks are when attackers use multiple computers to flood a target with traffic in order to overload the system and cause it to crash. This type of attack can be used to take down websites or critical systems.

6. Social Engineering

Social engineering is when attackers use psychological techniques to trick victims into performing actions or revealing information they wouldn’t normally disclose. This can include anything from phishing attacks to baiting people into clicking on malicious links.

7. Insider Threats

Insider threats are when employees or contractors with malicious intent cause harm to an organization. This can include anything from stealing data to sabotage.

How can businesses protect themselves from these threats?

Here are some tips for businesses to protect themselves from these common cyber threats:

  • Implement cybersecurity training for employees: Cybersecurity training is one of the best ways to protect against phishing attacks and other types of cyber threats. By teaching employees how to spot red flags and identify trusted sources, businesses can greatly reduce the risk of falling victim to a cyber attack.
  • Use strong cybersecurity software: Strong cybersecurity software can help protect businesses from malware, ransomware, and SQL injection attacks. By using software with robust security features, businesses can make it much more difficult for attackers to compromise their systems.
  • Stay up-to-date on security patches: Security patches are released regularly in order to fix vulnerabilities in software. By keeping systems up-to-date, businesses can close any potential holes that attackers could exploit.
  • Backup data regularly: Backing up data regularly is critical for businesses in the event of a cybersecurity incident. By maintaining backups, businesses can ensure that they will be able to recover from an attack even if critical data is lost or destroyed.
  • Monitor activity for suspicious behavior: Monitoring activity For suspicious behavior can help businesses detect insider threats. By keeping an eye out For red flags, such as unusual access to sensitive data or abnormal work hours, businesses can catch insider threats before they cause damage.

Cybercrime is a serious threat to businesses of all sizes. By being aware of the most common cyber threats and taking steps to protect against them, businesses can reduce the risk of becoming a victim of a cyber attack.