4 Online Security Threats Your Business Is Likely To Face In 2018
Cybersecurity continues to be the top concern for everyone in the online world. The main reason is that cyberattacks multiply in number and are becoming much more sophisticated each year. While new threats arise, companies struggle to maintain their security measures and prevent breaches that can potentially ruin their business as a whole.
From the massive DDoS (Distributed Denial of Service) attack in 2016 to WannaCry ransomware attack in 2017 that shook up most of the U.S. and Europe, it's safe to say that everyone expects a similar scenario in 2018 as well.
Even though most data breaches can be fended off, the damage done while it lasts can be catastrophic to any business operation. However, with the right security measures in place and with a vigilant mindset, companies can ensure their cybersecurity is good enough and protect their data from attacks. Here are a few online security threats your business is likely to face in 2018.
Phishing and spear-phishing scams are one of the most common methods of breaching security to obtain sensitive information, such as usernames, account passwords and credit card information. The reason behind the name is that attackers use a decoy to lure in victims into revealing sensitive information, just like luring fish onto a hook.
Attackers can look like legitimate sources, which makes it easier to fool their victims. Uneducated staff members are the biggest threat to businesses in this case. That's why it's important to have strict security policies in place and to educate employees on potential threats. That being said, a simple click on a malicious link in an email phishing scam is enough to cause a security breach.
Malware or otherwise known as malicious software is the most effective method of breaching security. Attackers use various sorts of software, such as computer viruses, trojans, worms, ransomware, spyware and others to create weaknesses in security measures. Each malware has its own unique way of breaching security and there are many ways such software can enter a business network.
This is especially dangerous for e-commerce websites that deal with lots of sensitive information from users, such as credit and debit card data, personal information and so on. That's why it's of the utmost importance for e-commerce owners to implement security measures that will protect cardholder data and their own network as well. Have you ever wondered what is PCI DSS compliance and similar practices developed by the Payment Card Industry Data Security Standards Council, to help implement security standards that prevent data breaches and ensure the safety of cardholder data.
Denial of Service (DoS) and Distributed Denial of Service (DDoS) are used by attackers to flood a machine, such as a server or an entire network with requests, in order to slow it down or bring it down altogether. For business, this can mean a halt to business operations and online transactions.
In order to protect themselves from such attacks, businesses must implement security measures that will be able to detect malicious traffic and block it right away. As an example, Firewalls with strong protocols, manually configured routers and switches, IPS based prevention and so on, are a good way to defend from DoS attacks.
Nowadays, online communications and transactions happen every minute. Online consumers communicate with businesses through various servers all over the world. Hackers can easily listen in to these conversations and steal sensitive data, by using methods, such as man-in-the-middle attacks, SQL injections and more.
Businesses that want to ensure their safety, as well as the safety of their customers, they must implement measures that secure communications. For instance, adding cryptographic protocols, such as TLS (Transport Layer Security) to create an HTTPS (Hypertext Transfer Protocol Secure) will ensure safe communication between business servers and client web browsers.
Cyber threats are more frequent and potent than ever. Operating in the online world has its benefits, but it also hides potential threats that may ruin an entire business in an instant. If you want to ensure your business safety and the safety of your customers, you simply have to make cybersecurity your top priority.