As cybercrime becomes more and more advanced, businesses and individuals alike will need to implement effective cyber security plans into their digital asset operations. From stealing important passwords and login information to accessing private digital data, cybercrime can negatively impact your business.
Here are some of the most common types of cybercrime to look out for:
- What is Cybercrime?
- DoS & DDoS Threats
- MITM Attacks
What is Cybercrime?
In the world of cybercrime, the process of company data and information theft has become more advanced, fast-growing and expensive for many businesses to combat. In the age of cloud services and the increasing exposure of identity information to the internet, many businesses are in danger without any protection plans. In addition to digital data, business power grids and other infrastructure can also be disrupted or destroyed.
The goal of cyber security is to prevent and recover computer systems, networks, devices, and programs from digital attacks. As attackers leverage artificial intelligence to gain access to your sensitive data, cyber attacks are becoming increasingly sophisticated. With that in mind, protecting your important information is becoming more and more valuable.
As the most common type of cyber attack, the term malware refers to a program or code intended to cause harm to a computer, network, or server. This term covers a wide range of attacks, including ransomware, trojans, spyware, viruses, worms, keyloggers, bots, cryptojacking, and other types of attacks exploiting software.
In response to increased security measures taken by organizations to protect themselves against these malware attacks, some cybercriminals are adapting their techniques to circumvent them. In order to prevent data leaks, data ransome situations, implementing an effective cyber security plan can protect your business reputation, assets and more.
As a form of malware, ransomware prevents legitimate users from accessing their systems and demands payment in order to regain access. A ransomware attack is designed to take advantage of system vulnerabilities and gain access to their entire network. Infected systems can either be blocked from accessing the hard drive or their files can be encrypted.
In the digital world of cybercrime, cryptocurrency is becoming the most common form of payment in such ransomware attacks. Unfortunately, in many ransomware attack cases, even after payment of the ransom, the user cannot regain access. As a result, ransomware attacks tend to be among the more high-profile cybersecurity events, causing negative publicity and reputational damage to said targets.
DoS & DDoS Threats
Denial-of-Service (DoS) and DDoS attacks act as malicious, targeted cybercrime that intends to flood a network with false information or requests to disrupt business operations. DoS attacks prevent users from performing routine and necessary tasks, such as accessing email, websites, online accounts, and other resources that are operated by compromised computers or networks. Generally, DoS attacks do not result in lost data, nor do they require paying a ransom, but they do often cost organizations a lot of money, time, and other resources to restore critical business operations.
Distributed Denial of Service (DDoS) attacks differ from DoS attacks in that they originate from different sources. While DoS attacks may originate from just one system, DDoS attacks are often launched from multiple sources. Because multiple systems must be identified and neutralized in order to halt the attack, DDoS attacks tend to be faster and much more difficult to stop than DOS attacks, if you do not have a proper security system in place.
MITM cybercrime, or man-in-the-middle attacks, occur when an attacker intercepts a network user’s communication with a web application. Such cybercrime attacks are intended to collect information, such as personal data, passwords, or banking information, or to impersonate one party to gain more access. An example of such an action would be changing login credentials, completing a transaction or initiating a fund transfer.
MITM attackers often focus on individuals, but they also pose a threat to businesses and large organizations. One way for hackers to access an organization’s network is through software-as-a-service (SaaS) applications, which provide them with access to the organization’s wider network. Customer information, intellectual property, or proprietary information regarding the organization and its employees could be included here.
561 Communications can Keep You Connected
At 561 Communications we have over 100 years of combined experience in Enterprise B2B, Business Development and Solution Sales. We specialize in Fiber Connectivity, Mobility, Mobile Applications, SD-WAN, Cloud Computing, Security, Colo and Disaster Recovery Solutions for our clients, and can keep your business running smoothly and efficiently in any digital climate.
Understanding and working with the needs of your business is our number one priority. 561 Communications offers a FREE and unbiased business analysis of your Telecom Network Infrastructure to get you on the right track from the start.