Cyber-attacks are one of the dangerous threats that business faces every now and then. No matter whether it is a Software Development company or any other business vertical, cyber-attacks has always been a major factor of issue. Due to these attacks, it may cost a huge amount and even many hours are spent while devastating the reputation of several clients.
Reports say that just between January and April 2020, the cloud-based attacks have gone up around 630%.
Understanding better ways to reduce the effect of these malicious attacks would be essential in keeping the company or organization safe and secure from all these current evolving threats in the workplace.
It would surprise you to know that for every 39 seconds, a cyber-attack occurs in this digital world. About 75% of attacks begin through emails. As there is no proper equipment or strong strategy to avoid these security attacks anywhere, but it is up to us to consider every step of security to cope with the cyber-attacks.
Need to secure the Credentials
Around 9 million customers of EasyJet, a well-established Airline company found their data hacked.
Taking care of the credentials is highly recommended, no matter, whether it belongs to social media platforms, premise-related credentials, weak username, and password, or unexpected human errors. Because around 67% of breaching attacks take place due to these factors.
What are the types of Cyber Attacks?
A well-established IT consulting service provider should keep their employees and themselves alert from the schemes of these cyber-criminals and needs to learn about the types of threats.
These attacks could take place in several forms like phishing, hacking, malware, injection, ransomware attacks, etc. Let us understand these attacks in detail.
The following are the types of Cyber Attacks
Harmful code is created which is installed and can damage the computer or the network. There are several types of malware such as worms, spyware, Trojan-horse, and other malware. It blocks access to the network and it can install malware and other additional harmful software.
It is an increasingly common cyber-attack. It is an attack with attempts to trick the recipient of a malicious email while it is opened and get engaged with it. The goal is to thrive the sensitive data such as login credentials and confidential data like credit card information or unknowingly install the malware on the victim’s machine.
To talk about Apple, it has experienced the branded phishing attempts of around 10% in the year 2020.
3. SQL injection
It has been one of the most common application layer attack methodologies. It takes advantage of public-facing applications that respond to the user-supplied data. Hackers inject harmful SQL queries to the website entry field by tricking the application into executing certain commands and prick the backend database.
4. Man-in-the-middle attack
In this cyber-attack, a cyber-criminal intercepts the communication between two persons for stealing the data. Mostly happened on unsecured public WIFI by interrupting traffics.
5. Denial-of-service attack
Here the cybercriminal prevents a computer system. It slows down or crashes the website by allowing a huge amount of traffic to the website. This can be possible by using automated bots for large-scale attacks.
How to prevent and recover from such Cyber-attacks?
There following are ways to prevent Cyber-attacks:
1. Train your team
When it comes to cybersecurity, your in-house team happens to be the weak link. It is the responsibility of the organization to train the resources to understand the basics of cybersecurity. If they know more about it then it will be easier for the team to spot potential attacks by saving business and customers. Training sessions include creating strong, unique passwords to identify fraud emails, verifying information, and refusing suspicious downloads.
2. Encrypt your device
As it has been noticed that the business dynamics are constantly changing one should ensure that whenever the network is being accessed it should be performed remotely and employees should use Virtual Private Network (VPN). Due to this, the data is encrypted and transmitted between the network and the devices. So if it’s been hacked then the receiver will get the encrypted data unless it has the encryption key.
3. Use a strong password
The first steps are to train your employees to use unique passwords that have at least 10+ characters, a number, special characters, and lower and upper-case letters. Hence this will qualify the need of creating a strong and unique password that is not breakable.
As per the stats of Cybersecurity media, the estimation of passwords utilized by both machines and humans would cross over 300 billion by the end of 2020.
4. Use Antivirus software
Only the firewall isn’t helpful. It is important for every business to invest in the quality anti-virus software which can identify the threats in your system and inform the user.
5. Keep your software updated
The only way to fight back against cyber-attacks is by keeping your software up-to-date and better-quality antivirus software to ensure that the system is not compromised.
6. Considering Cyber-insurance
Due to any cyber-attack, your company may face a huge amount of loss in data and financial liabilities. The ideal cyber insurance policy assists you to cover the cost of repair, recovery, and restoration as well as legal costs too which are involved to let the client know.
7. Informing stakeholders
It is important to let the employees, suppliers, clients, and customers know about the cyber-attack. It Is better to be transparent about the degree and consequences of the attack.
8. Determine the scope of the attack
After the cyber-attack, one should respond immediately and audit the scope of damage and determine the vulnerabilities. Due to this, it will help to find the cause of the attack, what are the security gaps, and what to do next to secure the system.
During the pandemic situation, the cyber-attacks on Banks have leaped to 238%.
Cybersecurity is becoming a norm for businesses, as it should. Learning about, investing in, and protecting your business from cybersecurity can save it from a host of future obstacles like data compromise, loss of customers, loss of income, and so on. In this realm, there’s no such thing as being over-prepared – in fact, being proactive about cybersecurity is the best method of prevention.
By Kapil Panchal
I am working as a Digital Marketing Manager in a reputed Custom Software Development Company. Being a technical writing enthusiast and a goal-oriented individual with honed communication skills, have served in the Information technology, Services, and Product industry. Having a high-energy level, I absolutely love what I do and I’m passionate about being better every day.
Featured Image Caption:- Types of Cyber Attack
Do you enjoy writing and have something interesting to share?
You are at the right place. Inspiring MeMe is the world's fastest growing platform to share articles and opinions. We are currently accepting articles, blogs, personal experiences & tips and would love to have you onboard.