What Industries Need to Improve Their Cybersecurity the Most?

If you perform part of your work on devices, programs, apps, or on the internet - in other words, if you're not from the 19th century - then there’s a chance you’re exposed to cyber risks. Period. Here’s a couple of hair-raising headlines.

 

  • In 2020 1268 Microsoft vulnerabilities were discovered on most of their devices, a 48% increase from 2019.

  • White House weighs on New Cybersecurity approach after a massive intrusion from Russia and China.

  • Extortion gangs breach business using accession exploit.

  • Biden makes cybersecurity a “top priority”.

 

And those are just today’s headline and just the first 4. Everyone is exposed to cyber risks, and everyone, to a certain degree, is displaying their information to hackers and malcontents, it’s just the new norm and how the world operates. The question you have to ask yourself is not whether you’re revealing information due to cybersecurity leaks, but whether the information you’re revealing is sensitive enough.

 

If it is, then you need a cybersecurity management service ASAP and we’re going to tell you why.


 

Role of cybersecurity today

 

Here are some alarming facts to really make you think twice before checking in with your smartphone again

 

  • There is a hacker attack in America every 39 seconds. 

  • 43% of cyber attacks target small businesses.

  • 64% of companies experience a cyber attack in 2020.

  • The goal average cost of a data breach is $3.9 million.

  • Since COVID-19, the FIBI reported an increase of 300% in cybercrime.

  • In September 2020, just that one month, over 9.7 million healthcare records were compromised. 

 

The main goal of cybersecurity today isn’t just to “try” to prevent breaches but react and counteract when they occur. Before 2010 Cybersecurity was based primarily on defense, on creating firewalls and virus protection against malware and hackers, today, the industry has shifted into a more pro-active stance. Yes, they still try their best to maintain said firewalls but hackers and experts in the field have become more brazen, more cunning, savvier. They adapt to countermeasures. 

 

And the current main target of cybercriminals? Small companies. These offer a great opportunity with little to no effort on their part. Small companies, as a rule, have a rather lax cybersecurity operation in place and their strategies begin and end, in many cases, with a WiFi password… one they jotted down on a post-it-note and pasted to their computer screen. 


 

Industries under the score hair of cybercriminals

 

In 2016, 95% of cyber breaches and attacks came from just 3 industries. It was a disastrous year and one that really smacked America awake as to the threat of this sort of attack. In 2016, cybersecurity and hacks were everywhere on the news and for the first time, they became media darlings. Cybersecurity entered the mainstream on account of multimillion-dollar breaches in Retail, Government, and Technology.

 

Since that year, the trend hasn’t declined but grown. Cybersecurity, once a subject that ended at the tail end of a NORTON update, suddenly became a real issue for most companies. 

 

Today, the industries that are most vulnerable to attacks and the ones that are constantly being pinged and prodded by cybercriminals are: 

 

  • Small businesses.

  • Government agencies.

  • Education facilities.

  • Transportation.

  • Manufacturing.

  • Law.

  • Healthcare institutions.

  • Energy companies.

  • Banks.

 

Most of these industries deal with clients and their personal information, a treasure trove for scam artists and people that want to get into mischief at the cost of other people’s misfortune.

 

What sort of cyberattack will you sooner or later receive?

 

We’re sorry to be all doom and gloom, but it’s not a question of “if” but “when” you’re going to get attacked. Cyberattacks are on a rise and with the proliferation of devices like smartphones and WiFi hotspots, millions of criminals are finding it incredibly easy to make a living off them. Not only that, but due to jurisdictional red-tape, and the fact that the internet is a global monster, most can get off scot-free if ever discovered. The person who attacked you might have done it from a laptop in Sudan, good luck finding them or getting some recompense. So if you want to avoid cyber attacks, a reasonable solution would be to apply to professionals in the field of cyber security on the website.

 

Nonetheless, what sort of attacks are you liable to receive?

 

Brute Force Attack

It is one of the most common. Criminals use a trial and error approach until they have guessed your password successfully. It is time-consuming but thanks to automation services it is infallible.

 

Credential Stuffing

This is when perpetrators use stolen credentials to gain unauthorized access to accounts and systems.

 

Phishing 

Phishing is based on social engineering. It uses messages, emails, to attack victims and gets them to divulge personal data and accounts. Sometimes even passing themselves off as legitimate websites, like Amazon, Apple, Netflix, etc, and making users input their passwords and account info. Other times it might include having the user download malware.

 

Malware Attacks

Malware is malicious software that is downloaded into a computer without the user knowing about it. It is capable of stealing, encrypting, and even deleting sensitive data from a system. 

 

The main benefit of cybersecurity and SOC (Security Operation Centers) is that it protects your investment. A cybercrime ends up costing a business a lot of money. Not only as a direct fallout of the crime itself but on account of the way it hurt your brand and its reputation. Cybersecurity provides digital protection for your business and your employees. It ensures you're protected against all sorts of attacks.

 

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