The proliferation of technology and the ever-evolving IT infrastructure has parallelly increased the risk of cybercrimes across multiple industries and businesses. With cyberattacks becoming more frequent and sophisticated in this digital age, it has become more crucial than ever before for organizations to invest in cybersecurity services. Our heavy reliance on technology has only increased our susceptibility to cyberattacks.
The practice of cybersecurity, also known as information technology (IT) security, involves protecting critical digital infrastructure and sensitive data by safeguarding the vulnerabilities and loopholes that could be infiltrated through unauthorized access or attack. It could also present itself in the form of misuse, disclosure, interception, or destruction of data. These threats could originate either from within the organization — intentionally or otherwise — or could occur from outside the organization.
What Are the Popular Forms of Cyber Attacks?
There have been numerous high-profile cyberattacks in recent years that have had a severe impact on several businesses. The theft of credit card numbers, social security numbers, bank account information, and sensitive data are the usual targets during such attacks. The storage of data on cloud devices such as Google Drive or Dropbox makes it easier to access such information. However, these attacks have also highlighted the need to rely on a concrete cybersecurity service for the protection of organizations. The most frequent cybercrimes include:
1. Phishing Attacks
Cyberattack of the phishing variety deceives users into clicking on harmful links or attachments. Sensitive data such as login passwords or financial information may end up being stolen as a result.
2. Malware Attacks
A form of harmful software known as malware can infect computers and other electronic devices. It causes data theft, device hijacking, and system attack.
3. Denial-of-service Attacks
A denial-of-service attack forbids users from using a system or service. This can be accomplished by overtaxing the system with requests or traffic, breaking it so it can no longer operate correctly, or both.
4. Ransomware Attacks
Malware known as ransomware encrypts files or systems and then demands a ransom to unlock them. It might result in the loss of crucial data or the total shutdown of a system.
5. Man-in-the-middle (MitM) Attacks
A MitM attack occurs when an attacker eavesdrops on the communication between two parties. This could be accomplished by intercepting a network connection or diverting traffic to a malicious server.
6. SQL Injection
Cyberattack in the form of SQL injection attack uses flaws in web applications to insert malicious SQL code into databases. This code can examine, remove, or change the database data. Additionally, SQL injection attacks can take over the server or perform other nefarious activities.
7. Insider Threat
Insider threat occurs from individuals who have access to systems or networks or those who have had access in the past. This could include business partners, current or former employees, or contractors that abuse their access permission either deliberately or otherwise. Insider threats cannot be detected via traditional security solutions such as intrusion detection systems or firewalls.
Why Should You Invest in a Cybersecurity Service?
A single incident of a security breach may have far-reaching consequences when it comes to business security and continuity. Organizations without a solid cybersecurity solution are at constant risk of losing insurmountable amounts of data in addition to irrevocable financial loss. It can also lead to a loss of trust among the customers and adversely affect their reputation.
While it may seem like big corporations are the only target of cyberattacks, cybersecurity services for small businesses are equally imperative, as they are at risk too. It might be worth noting that 60% of small businesses that get breached shut down within six months of the attack. This could either be because of financial loss, reputational damage, or business disruption. Opting for a reliable cybersecurity service provider assures that your company is safe from such threats.
There is also a rising demand for cyber security services for individuals. There have been numerous instances of cybercriminals hacking into personal accounts such as emails or bank accounts and accessing personal information. Personal details can also be exploited to commit identity crimes, which in turn may prevent people from applying for personal loans or run a business due to low credit score. A good cybersecurity services company makes sure that individual data is not breached both from the end of the company as well as the individual.
