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Different Types of Cyber Security Threats

February 16th, 2022 by admin

A hacker wearing a grey sweatshirt typing on two keyboards with the work 'vulnerability' in orange letters overlaid

As we continue to see a rapid increase in cybercrime cases, it has become crucial for businesses to invest in top-quality cyber security services. Therefore, you must find a service provider who is an expert in cyber security and can provide you with the best solutions and protection against different types of cyber threats.

Here are some of the most common and dangerous cyber security threats that businesses must be aware of and take extraordinary measures to keep them protected.

Malware

Also known as malicious software or codes, Malware can enter your system and compromise the integrity, confidentiality, and availability of your data. It can further affect your system's applications, operation system, and data. It has been one of the most prominent external threats to business systems, causing widespread damage and disruption.

Spyware is a privacy-violating malware that has become a big concern for organizations. Not only does it invade the system by tracking personal activities, but it also often engages in financial fraud. Once the Malware enters your system, it can:

  • Deny your access to critical network components
  • Obtain crucial information by retrieving data from your hard drive
  • Disrupt your system and render it inoperable

Emotet

Identified by CISA (the Cyber Security and Infrastructure Security Agency), Emotet is a modular and robust banking Trojan. It acts as a downloader. It continues to remain the most damaging and costly virus today.

DDoS (Distributed Denial of Service)

This type of cyber-attack overloads the network or the system. Hence, your system doesn't respond to any request made. In addition, DDoS overwhelms the service with excessive traffic from different sources and locations. Due to this reason, your website slows down and doesn't function at its optimal level. Besides this, it also prevents traffic from accessing your website.

It is crucial to understand that DDoS attacks are not always the primary attacks. Instead, these are planted to create a distraction while other cyber intrusions and fraud types are attempted.

SQL Injection

SQL or Structured Query Language injection is a type of cyber-attack. This attack focuses on inserting malicious codes into the server. Therefore, if a server is hacked, the information is easily leaked.

Man-in-the-Middle (MITM)

Man-in-the-Middle is posing serious cyber security threats to businesses. In this type of attack, the hackers insert themselves into a two-party exchange. This further helps obstruct traffic, allowing them to easily filter and steal private information and data. Your business or employee can be exposed to MITM attacks if they enter your network through an unsecured public WI-FI. Cyber attackers put a barrier between the visitor and network to install Malware and steal confidential data. MITM is a type of cybercrime that exploits security vulnerabilities. Moreover, the MITM attack is difficult to detect. The victim may think that their information is going to a legitimate destination while it may be going to the cybercriminal between the MITM attack.

Corporate Account Takeover (CATO)

Corporate Account Takeover (CATO) is a business entity theft where cyber thieves impersonate the business by sending unauthorized ACH and wire transactions. This further helps cybercriminals direct unauthorized funds to the accounts controlled by the cybercriminal.

Businesses that don't have adequate cyber security may be vulnerable and exposed to a Corporate Account Takeover attack. Easy targets are organizations with weak controls and poor computer safeguards. Therefore, it is advisable to work with a service provider specializing in cyber security services and provide you with the best protection your business and employees need to stay safe and keep crime at bay. This is where we come into the picture. Give us a chance to serve you. Contact us to discuss your business goals and challenges, and we'll provide you with the best in cyber security services.

Posted in: Solutions