Three Cybersecurity Risks that need to be realized

Jan 29, 2018 | 5:33 pm

Published by | Vikrant Singh

Three Cybersecurity Risks that need to be realized –

In fact, about half of all cyber attacks are aimed at small businesses. One reason for this trend is that small businesses tend to be less secure than larger companies in the industry. But beyond that, cyber attacks are also becoming more common in various industries. One of the reports of the security firm Demisto says that many organizations face an average of 350 separate incidents in the field of cybersecurity during the week.

While cyber attacks are becoming more sophisticated and massive, it is important to know what risks to your company’s information security should be monitored.

Although it is difficult to predict how cybercrime will behave in the future, there are several particularly dangerous trends that need to be monitored.

Very weak  security personnel

It’s no secret that the number of cybersecurity specialists does not increase fast enough to meet the needs of the market. According to a new study of human resources in the field of global information security, conducted in 2017, by 2022 more than 1.8 million vacancies in the field of cybersecurity will remain unfilled.

The results of this labor shortage can be seen in the cybersecurity industry today. Many companies still do not pay enough attention to preventing information security breaches. In many cases, organizations do not even have cybersecurity specialists, placing the already overloaded IT professionals with the responsibility of creating and maintaining effective incident response protocols.

Although the root of the problem is certainly the lack of qualified candidates for information security professionals (many organizations report that less than a quarter of IT candidates do have proper qualifications), another problem is ineffective and indifferent top management. The implementation of strategies to combat cyber threats is often more reactive than preventive.

Furious Ransomware Attack

2017 showed us that ransomware is rapidly becoming one of the most dangerous threats in the world of cybersecurity to date. The attack of WannaCry Ransomware began in the spring of 2017 and affected more than 300,000 computers in more than 150 countries.

And although WannaCry is certainly one of the most devastating attacks the world has ever seen, it is certainly not the only one. Cybersecurity Ventures reports that the total cost of damages from foreclosure for 2017 is more than $ 5 billion, which is 15 times more than $ 325 million due to damage in 2015.

This is undoubtedly a sobering statistics for many, especially since on average only one of the five leaders of the world states includes the full protection of information in their overall strategy and planning.

The conclusion from all this is that cybersecurity must undoubtedly be one of the main priorities for decision-makers at the executive level. Nevertheless, there are many simple steps that can be taken (most of which require very little time or effort) to prevent ransomware attacks. The most important of these tactics is always to update the software. Patches and fixes help to fix the identified vulnerabilities, which, if they remain open, can leave an opportunity for attacks like ransomware.

Negligent employees

Finally, one of the most difficult threats in business today is the problem of your own employees. In fact, the vast majority of security breaches (60% in accordance with the information security index Cyber Security Intelligence IBM 2016) is caused directly by the employees themselves.

Regardless of whether it’s a phishing trap, connecting to malicious and deceptive Wi-Fi access points, implementing a compromised program on personal devices or not adhering to basic security standards, an uninformed employee can open several backdoors for cyber attacks, and the company will do it in millions of dollars.

Therefore, the formation of a culture of cyber-awareness should be the main priority for any leader. A knowledgeable workforce is a security priority.

(Cyberops, Cyberops Infosec, VAPT, Cyber Security, Ethical Hacking, Secured Application Development)