Cyber attacks can compromise sensitive data and disrupt critical systems, whether it’s ransomware, phishing schemes or data breaches. The prevention of these threats requires a combination of security technology, training, policies and procedures to guard the digital assets of your network and infrastructure.
Cyber threats are constantly evolving and emerging in all sectors and industries. The Internet of Things and the rise of cloud computing provide new opportunities for bad actors who have access to large networks of companies via third-party services and connected devices like smart speakers, printers or cameras. These attacks could be used by bad actors to steal money, gain access to sensitive information, or disrupt vital services.
Threats include social engineering (phishing) threats from insiders, advanced persistent threats (APTs) and distributed denial of service (DDoS) attacks. Social engineering exploits human interactions to gain access to crucial systems. It can take a variety of forms including spoofing employees as remote tech support agents during COVID-19 in order to trick them into revealing passwords, or posing as an executive to access corporate databases of customers https://boardroomstudio.org/what-is-cybersecurity/ or financial records.
These threats could result in direct, real costs to businesses of all sizes. These risks can result in compromised employee and customer data and services, interruption of service, financial losses, regulatory fines, and legal consequences. Additionally, they may damage a brand reputation and damage trust among consumers in the organization. These negative effects can last for years, even after the threat is recognized and reduced.
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