Modern day organizations are increasingly being targeted by cybercriminals and will continue to face many information security challenges due to the vast collection of high worth, sensitive customer documents. Due to the rapidly evolving threat landscape, businesses today face more cyber security threats than ever before. Of these threats, the top three proven to be the most disruptive are:
- Ransomware: Ransomware is malicious software either loaded directly onto a computer or network or introduced when someone clicks on an attachment. Designed to hold an individual or firm hostage until a ransom is paid, ransomware has evolved considerably since its late 1990’s debut. Back then, after a computer had been infected, data would be encrypted and rendered inaccessible—potentially forever—until a ransom was paid.
- More recently, after businessed were properly educated to make real-time backups of their data, perpetrators have threatened to release sensitive information on the web for all to see. Even worse, cyber pirates offer potential collaborators turnkey systems for infecting computers, with the promise of a percentage payout of the amounted extorted. Someone who has a trusted relationship with members of your business, or who otherwise has access to your computing environment, can introduce ransomware without having to write a single line of code on their own.
- Phishing: Phishing is an attempt to obtain sensitive information such as user names, passwords, and credit card details for malicious reasons, by posing as a trustworthy entity in an email or other electronic communication.Oftentimes, the solution is proper training, good technology and developing a pervasive security mindset. It’s also wise to have protocols in place to address the consequences of such breaches. These protocols can greatly minimize any potential damage to your firm or clients.
- Data Breach/Leak: A data breach is a major security incident in which sensitive, protected or confidential data is copied, transmitted, viewed, stolen, or used by an unauthorized entity. A data breach can occur in a variety of ways, including:
- Employees using the same password to manage multiple personal and business accounts.
- An associate prints out an important document and leaves it on a coffee shop table.
- A partner logs onto insecure WIFI at the airport or hotel.