5 Cyber Security Threats To Look Out For

5 Cyber Security Threats To Look Out For

As the world becomes more technological, so do the cyber criminals. 

From bank details to medical records, we store our most sensitive information on the web. Savvy swindlers take advantage of this new arena with a variety of scams designed to rob you of money, information, and identity.  

Protect your business by looking out for these common cyber security threats.  

Mobile transactions

Did your dad ever warn you about the danger of paying for things on the internet? Turns out his paranoia could be valid. 

A new host of vulnerabilities are available for fraudsters to exploit. They're hidden in the complexities of online payment platforms. Weak points are lurking in virtual wallets and CNP (card not present) transactions. 

Mobile transactions are predicted to exceed $220 billion in 2017, an enticing number for a scam-artist seeking a quick win. 

Ransomware

How could we forget the recent Wannacry ransomware attack

While criminals promised to send the description keys to unlock your files, crime fighting cyber security experts released the keys free of charge. Ransomware is usually deployed to extort money, and it won't be changing any time soon. The hackers demand a ransom for locked personal or business information against the threat of deleting the precious data forever. On the flip side, vital information is 'kidnapped' until the victim pays for its release. 

These types of cyber security threats continue to increase. Avoiding suspicious links and downloads is an effective preventative against ransomware.

DDoS attacks

Distributed Denial of Service attacks are cyber security threats that aim to make a site useless. 

The hacker will infect and commandeer a network of connected devices. This "botnet" overloads the site with requests, preventing users from accessing the service. Hackers use DDoS to extort money, eliminate competition, or make a political statement. 

The increasing reliance on website traffic makes DDoS attacks devastating to modern businesses. 

IoT attacks

The Internet of Things heralds an age when your alarm clocks can instruct your coffee machine to turn on. This interconnectivity of devices can optimize your lifestyle. It can also make it vulnerable to cyber security threats. 

Hackers use IoT attacks to steal information, manipulate devices, and launch DDoS attacks.  

Phishing attacks

Most people know the risks of opening unsolicited attachments and strange links. Phishing scams have had to up their game. 

These days it's harder to spot a phishing email. They're created with an intimate knowledge of the user, which entices them to click. The dodgy link opens the gateway to malware, which steals information.

The phisher may also use your email to distribute phishing emails to your contacts list.  

How to defend against cyber security threats

While the face of cyber security threats is always changing, staying up-to-date on attack trends should be your first line of defense. Educate your staff on the appearance and symptoms of common cyber attacks.

Common password hacks are among the simplest ways for scammers to access your system. Ensure your team practices healthy password hygiene and are vigilant about locking devices.

The help of an information security specialist can help you to further fortify your systems and identify weaknesses before they become real threats. Contact us today and let's protect your business from cyber attacks.