Biggest cyber security threats facing businesses today

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Cybersecurity professionals continually defend computer systems against various types of cyberthreats. Cyber ‚Äč‚Äčattacks affect businesses and private systems every day, and the variety of attacks has increased rapidly. According to former Cisco CEO John Chambers, “There are two types of organizations: those that have been hacked and those that don’t know they’ve been hacked yet.” A cybersecurity threat refers to any potential malicious attack that aims to illegally access data, disrupt digital operations, or corrupt information.

Cyber ‚Äč‚Äčthreats can come from a variety of actors, including corporate spies, hacktivists, terrorist groups, enemy nation-states, criminal organizations, lone hackers, and disgruntled employees. In recent years, numerous high-profile cyberattacks have resulted in the exposure of sensitive data.

In both cases, the cybersecurity threat was possible because the organization failed to implement, test, and retest technical protection measures, such as encryption, authentication, and firewalls. Cyber ‚Äč‚Äčattackers can use a person’s or company’s sensitive data to steal information or access their financial accounts, among other potentially damaging actions, which is why cybersecurity professionals are essential to protecting private data.

The Biggest Cyber ‚Äč‚ÄčSecurity Threats Facing Businesses Today

Identity fraud

Phishing is a hacking scheme that tricks users into downloading malicious messages. This scheme appears like a regular email with legitimate looking links, attachments, company name and logo. The email tricked users into taking action, either by clicking a link or downloading an attachment. A phishing email can also have a clickbait subject line that catches your eye. Whale phishing is another form of email phishing targeting corporate executives. Alternatively, spear phishing sends emails to other specific members of an organization to steal information.

While email phishing is the most noticed, phishing takes other forms. For example, smishing sends SMS messages that lead to clicks on dangerous links. Instead, vishing sends fraudulent phone calls and voicemails posing as legitimate companies. Search engine phishing is a newer form of phishing where hackers create fake websites online and rank in search engine results to steal customer information.


Malware, also known as malicious software, hijacks devices by significantly slowing them down or preventing them from working altogether. It destroys computer systems through agents such as Trojan malware, spyware, viruses, ransomware, adware, and worms. Malware can be released onto a computer by clicking on an infected link, downloading a file or material from an unknown source, clicking on a pop-up ad, or downloading an email attachment from an unknown sender.

Once malware is released onto a computer system, hackers can gain access to your company passwords, credit card numbers, banking information, personal files, and more. Over the past year, organizations have reported that of all malware attacks they encountered, 35% of attacks used previously unknown malware or methods. Unfortunately, that percentage is likely to increase as more employees work remotely.

data hijacking

Ransomware is a specific form of malware that encrypts a user’s computer systems. Once a ransomware attack has been carried out, users become inaccessible to their systems or files. In order for users to regain access to their systems, they need to pay a ransom fee to cyber criminals. Ransomware transactions are often made with Bitcoin. Cybercriminals can also request other payment methods, such as B. Amazon gift cards. Ransom costs can vary greatly, from hundreds of dollars to thousands of dollars or more.

However, many organizations that make ransom payments still do not gain access to their systems. Ransomware is often distributed via a malicious download in a phishing email. An attack can target individual employees or entire organizations. Throughout the pandemic, a remarkable 58% of US businesses reported lost revenue as a direct result of a ransomware attack.

compromised passwords

Compromised passwords most commonly occur when a user unknowingly enters their credentials on a fake website. Common username and password combinations also make accounts more vulnerable to attack. Reusing passwords across platforms can make your systems even more vulnerable to hackers and put multiple accounts at high risk. When creating company account passwords, always make sure to use unique, hard-to-guess passwords. Since 51% of people say they use the same passwords for their work and personal accounts, instruct your employees to follow specific guidelines for maximum security.

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Editorial Staff
Editorial Staff
The Bollyinside editorial staff is made up of tech experts with more than 10 years of experience Led by Sumit Chauhan. We started in 2014 and now Bollyinside is a leading tech resource, offering everything from product reviews and tech guides to marketing tips. Think of us as your go-to tech encyclopedia!


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