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Top 5 Types of Cyber Attacks Your Company is Likely to Face

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These are the top 5 cyber threats hanging over your head, based on our research

“There are only two types of companies: the ones hacked and the ones that will be,” Robert Mueller said. This doesn’t come from any Tom, Dick, or Harry; it comes from a guy who spent twelve years serving as the director of one of the world’s largest federal security agencies-the FBI.

As you landed on this page, we believe you belong to the latter type of companies, and you would like it to stay that way of course. So with that let’s help you. We’ve enlisted here, based on our research and years of experience, the five most common types of cyber-attacks your company is likely to face these days.

And here’s the top 5 Cyber Attack Types The Company’s Most Likely To Face. Take heed!

1. Attacks by Ransomware & Financial Malware

2017 was the year that most people actually added this new word to their own dictionary, and that word is ‘ransomware.’ It’s pretty much what it sounds like – you have to pay a ransom to get anything back, and in this case it is your own records. To make matters worse, you have to pay within a defined period, and payment in cryptocurrencies (mostly Bitcoin) is required.

Such ransomware attacks lock out your own device and leave a ransom request message like this on your computer.

ransomware-attack

Seems like a classic Liam Neeson film script, isn’t it?

And what do you know? Such attacks in the form of Ransomware-as-a-service (RaaS) attacks have gone to next point. It means an attacker can be hired to attack someone’s system. This gives the want tobe hackers who have zero (or negative) abilities a golden opportunity.

The Financial Malware is another type of attack that often goes under the radar. Chances are, you’ve actually never heard of that. To learn more about these, click here.

There’s a fearsome world out there, isn’t it?

2. Phishing Scams

What do you do if you want someone to trick you into giving their confidential information? You hire that’s what a phishing attack is. E-mails are found to be the favorite tools of a hacker to trick people into sharing their information.

The attackers are circulating emails which are enticing to click on. Once you click on that e-mail, you will be redirected to a website that contains malicious files, and your system will become infected with them. He correctly said Phishing!

3. Data Breach

Bigger companies are the main targets for hackers when it comes to data breaches. After all, where else do you get millions of users for private information? How else do you get to appear on Google’s first page? That’s why we’ve seen a host of major companies becoming victims of data breaches. Equifax, Yahoo, Uber, Alteryx, Dun & Bradstreet; these are some of the highest-profile victims who suffered in 2017 from the wrath of data breaches.

But it doesn’t mean that smaller businesses don’t have to worry about data breaches. Indeed they should be even more worried. 90 percent of the breaches are impacting small businesses, according to a study. This is because best security procedures of these organizations are insufficient. The smaller companies will take every step to prevent these violations as they pose a threat to their very life.

4. Man in the Middle ( MITM ) Attack

Recall Harry Caul from the film The Conversation (1974)? Neither me but he was a bugger’s hell. So good that he was named “the best bugger on the west coast.” Everything has changed from 1974 to 2017 and so have the “bugging” techniques. A MITM attack is the latest form of wiretapping, without the use of wires (spooky).

As you can see on our website, at the front of our URL is a safe sign with our company name written on it. That means your system is currently talking to our servers and no one is in between as we have installed an SSL / TLS certificate on our website. If a perpetrator wants to execute an MITM attack between us, he / she would establish a connection with your system and make you think you’re talking to us, but that’s not going to happen. Any information that you send to our website will therefore come through the attacker and he / she will be able to see all the information you send.

5. Denial-of – Service attack (DoS)

Denial-of – Service is the new ‘buried under the paperwork.’ We’ve seen episodes in legal dramas in which one party sends out a lot of paperwork to slow down the other. In the age of today, one sends a massive amount of traffic to the website of a rival to the degree that the website can not accommodate such traffic and eventually gets crashed. There are other forms of DoS attacks, such as reflective attacks and resource depletion, but on a broader basis volumetric-floods (Traffic-based) are used.

Needless to say, this will hurt you both in terms of your credibility and earnings.

We recommend setting up a Next-Generation Firewall as the first line of defense if you don’t want to put up ‘Sorry, we’re closed’ poster on your website.

There’s anything possible in today’s era of cut-throat competition!

Last Word

Cyber Protection is a lot like riding a bike. You have to watch what’s in front of you, what’s in front of you, what’s behind you, and keep peddling at the same time so the bike doesn’t slow and you don’t fall over.

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