Most Common Cyber Security Threats

As we all know, cyber security threats are a significant part of running a business in today’s digital age. It is essential to have a clear understanding of the types of cyber security threats that can impact your business to ensure you have the proper measures in place to prevent them. In this article, we will explore some of the most common cyber security threats that businesses face.

First and foremost, it is essential to understand that “cyber security threats” is not a new term or concept. It has been around for as long as the internet has existed. It is a catch-all term used to describe the various types of attacks and risks that businesses face from malware, phishing, data breaches, DDoS attacks, botnets, ransomware, and more.

Let’s take a closer look at some of the most common cyber security threats and how you can prevent them:

1. Malware makes up 18% of the top cybercrimes affecting Australian organisations. Malware is a term used to describe any malicious software that infects your system with the intent to steal or corrupt your data. Malware can take many forms, including viruses, worms, trojans, spyware, and ransomware. It is usually introduced to your system through an email attachment or an unsafe download. Malware is one of the most prolific cyber security threats and can cause significant damage to your business. To prevent malware, it is crucial to have anti-malware software installed on all devices and ensure that employees are vigilant and informed when it comes to suspicious-looking attachments.
2. Phishing is primarily aimed at the less technologically savvy and makes up 19% of the top cybercrimes affecting Australian organisations. Phishing is a type of cyber attack where you receive an email appearing to be from an organisation or person you trust. The email will usually ask you to click on a link, which will lead to a dummy site that looks like the real thing but is a trap to capture your login credentials. Phishing scams have become very clever and can mimic legitimate emails, so it is essential to educate your staff and clients on how to identify them. Two-factor authentication can also greatly decrease the risk of a phishing attack.
3. Data Breaches represent some significant profits for hackers and cyber criminals. Data breaches aren’t only a threat for small companies, and often target organisations with extremely sensitive and confidential information, like in healthcare. It’s important to note that smaller businesses are often targeted more due to the relative ease of infiltration. To reduce the risk of being targeted, ensure that you have appropriate, up-to-date security programs and software across your business. Establishing a data breach response team is also an important way to be prepared in case of a breach and minimize damage.
4. DDoS Attack and Botnets DDoS (Distributed Denial of Service) and botnets often go hand in hand as double-whammy cyber security threats. DDoS attacks occur when a network of computers applies pressure to a targeted website or server until it crashes. Botnets are a network of bots across ‘infected’ computers that can be remotely controlled at the source. Both DDoS and botnet attacks can be controlled through the correct protection service, such as Fortinet Enterprise Subscription. Two-factor authentication can also help mitigate botnet attacks in your company.
5. Ransomware makes up 18% of the top cybercrimes affecting Australian organisations. Ransomware is a type of malware that stops access to systems or personal files unless a ransom payment is made. The attackers may threaten to destroy the data if their demands are not met. The best way to avoid ransomware threats is to set up proper cyber-security measures in your business. Educating your staff

Conclusion:

In summary, cyber security threats are a real concern for businesses of all sizes. These threats can lead to data breaches, financial losses, and reputational damage. Malware, phishing, data breaches, DDoS attacks, botnets, and ransomware are some of the most common cyber security threats that businesses face. However, by implementing proper cyber security measures and educating employees, businesses can greatly reduce their risk of falling victim to these threats.

To ensure your business is secure, it’s essential to have appropriate security programs and software in place, as well as a data breach response plan. Employee training and education on the signs of cyber security threats, such as phishing emails, can also help mitigate the risks.

Remember, cyber security is an ongoing process, and businesses must continually monitor and update their security measures to stay protected against evolving threats.

• Cyber security threats are a real concern for businesses of all sizes
• Malware, phishing, data breaches, DDoS attacks, botnets, and ransomware are some of the most common cyber security threats
• Employee training and education are key to mitigating the risks of cyber security threats
• Appropriate security programs and software, as well as a data breach response plan, are essential for businesses to stay secure
• Cyber security is an ongoing process, and businesses must continually monitor and update their security measures to stay protected against evolving threats