A cyberattack is a major threat to any individual or business. Gaps between the company and the security team can result in cyberattacks, halting all business activities. It is no doubt the security team’s job to ensure that cyber attacks are prevented or taken care of. However, enterprises also have to take part in planning a comprehensive strategy to take on cyber-attacks. These attacks are expected to cost $6 trillion by 2021 annually, double the loss incurred by these attacks in 2015.
Is your company ready to take on a cyberattack? Let us find out how you can avoid it.
A cyber attack is an assault by cybercriminals or group that use one or more computers to target single or multiple computers on a network. This attack may be against an individual, company, or even the government. Cyberattacks damage data, leading to stolen money, lost productivity, stolen intellectual property, or personal and financial data.
The World Wide Web was invented in 1989, and there are more than 4.66 billion internet users worldwide today (more than half the total population of 7.8 billion). With IoT devices emerging, the number of active users and devices on the internet will only increase. Similar to how street crime grew in relation to population growth, we are witnessing such a trend in cybercrime.
With various malicious software and programs on the internet, there are also software programs that can help prevent cyberattacks. Most of the time, the motive of any cyberattack is to steal or corrupt data. With increasing data being generated every day, there is an increasing need to protect data. There are also corners of the internet known as the Dark Web that conceals and promote such cyberattacks.
The top cyberattacks include phishing and malware. Phishing is a fraudulent method to obtain confidential data such as usernames, passwords, or bank details by disguising oneself as a popular individual or entity. On the other hand, malware attacks are performed using malicious software and programs installed on a user’s computer without their knowledge.
Ransomware is a type of malware that affects computers and restricts access to files. Every 40 seconds, a business falls victim to such attacks. To get out of such attacks, companies have to pay a considerable ransom.
The origins of such attacks may be unknown most of the time. However, organizations fear hacking groups the most, as they are the most likely source. They don’t generally fear nations as a possible origin of cyberattacks.
Also, preventing cyberattacks only works for previously known vulnerabilities and malicious programs. A day-zero attack is quite challenging to prevent. This leaves them waiting for attacks or breaches and can act only to mitigate the damage.
Enterprises, as well as their employees, must join hands to combat cyberattacks and ultimately prevent them.
How to Prevent Cyberattacks?
The main concern of any business that operates on the internet should be to protect data rather than just harvest it. Security should become the utmost priority. However, companies lack security awareness.
Organizations need to boost cyber protection with security software, vulnerability management, and employee training to take on any cyberattack. Even with companies doing their best to prevent such attacks, they will never be 100 percent secure.
Companies can check whether they are safe from cyberattacks with simulations in a secure environment. Various security companies specialize in such simulations and can help conduct one without harming your network and data. This will provide a better perspective to businesses regarding their current security policies and can help them identify their flaws.
These results can also mitigate any detected vulnerability and allow organizations to make the necessary changes to prevent future cyberattacks.
Cybersecurity awareness training also goes a long way in preventing cyberattacks. With organizations training their employees on security and developing a more robust version of the ongoing program, employees’ negligence will no longer be the cause of an attack. Companies are spending more on preventing such cyberattacks, and many third-party organizations are working to help prevent them.
Are you Ready to Deal with the Next Cyber Attack?
An OTA report revealed that over 90 percent of the breaches could be prevented and that 29 percent of them were caused due to employees – maliciously or accidentally. Another report from FireEye found that just under half (49 percent) of all organizations feel that they are ready for a full-fledged cyberattack.
To know if your enterprise is truly ready to deal with a cyberattack, ask yourself the following questions:
- Do the employees know not to click on malicious links?
- Is there any manual procedure to keep the business going in case of an attack?
- Do you have a communication tool in place to alert and forward instructions to the business in case of a cyberattack?
- When was your business last tested for security responders, IT recovery teams, and users?
- Do you have cyberattack responders in place?
- Do you know which business applications are critical?
- What is your plan to handle the damage of such attacks?
- Do you have a disaster recovery (DR) team with a DR plan? Is your disaster management automated or orchestrated?
If you can answer these questions with clarity, your business has a plan to deal with incoming cyberattacks. Although you can never prevent 100 percent of the cyberattacks, you can avoid a great deal of them.
To prevent cyber attacks, organizations need to be vigilant, have proper security measures, and have a disaster recovery plan in place. IT analysts cannot keep up with the rise in cybercrime, ransomware, and the shift of malware from PCs and laptops to smartphones and tablets.
With regular cyber-attack simulations and security awareness training, any organization can take on a cyberattack. Even if prevention is not an option, you can work to mitigate the damages. Businesses have to be more transparent about their data-handling and shoulder the responsibility in any security breach.