Cyber Risks for Your Business

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Cyber risks are threats to your company that could result in the unauthorized access of information and systems. This could lead to data breaches, ransom demands property destruction, disruption of services and financial losses.

The most common cyberattacks include malware, phishing, and social engineering. Malware attacks evolve rapidly as attackers find ways to get around or overcome security systems. These changes require a constant cat-and-mouse game between attackers, and cybersecurity teams. When cybersecurity analysts detect an attack, it may be too late to prevent it from impacting the business.

Other types of cyberattacks include advanced persistent threats (APTs) which are slow, stealthy and aimed at specific targets to gain sensitive information. DDoS attacks flood systems with internet traffic to disrupt operations. They also serve as a shield for more intruder attacks. Ransomware attacks decrypt information and require payment to unlock. And supply chain attacks damage software or hardware before it reaches the consumer by leveraging trust in third parties.

Also, you should consider the risk posed by those within your company who have access to systems and information. This includes disgruntled workers and malicious contractors. They may harbor a grudge or an incentive to hurt the company and are particularly difficult to spot. Unsecured configurations or vulnerabilities in your IT system can be exploited by attackers. This includes failure to update computer software and failing to implement network segmentation that separates different kinds of data.