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Top 10 Security Threats Facing Businesses Today: How to Stay Protected

It’s a cold, hard fact: businesses are more vulnerable to cyber-attacks than ever before. The threats are constantly evolving, and it’s essential for companies to understand them – only then can they take the necessary protection steps.



1. Phishing Scams

 

One of the most common tactics used by hackers is phishing scams. They trick people into giving up sensitive information like usernames, passwords and financial data. These scams are so effective that the FBI received almost 80,000 complaints in 2019 alone!

 

2. Ransomware

 

Ransomware is another significant threat. This type of attack encrypts a company’s files and demands payment to restore access. The average ransomware attack can cost millions – money that most businesses can’t afford to lose.

 

3. Cloud Security

 

As cloud technology becomes mainstream, cloud security has become a top priority. Hackers often target cloud storage due to potential vulnerabilities.

 

4. IoT Security

 

Devices connected to the Internet of Things (IoT), such as smart systems, appliances or industrial controls, present further risk. The security on these devices is often weak, leaving them open to attack and potential system compromise.

 

5. Insider Threats

 

Threats can also come from within – employees themselves could be the source, either intentionally or accidentally. This is why it’s important to have strict security measures that limit access for even trusted employees.

 

6. Social Engineering

 

Social engineering attacks use psychological tricks to manipulate people and obtain sensitive information. These tactics can be incredibly hard to spot, making them particularly dangerous.

 

7. Advanced Persistent Threats (APTs)

 

APTs are sophisticated, targeted attacks often carried out by skilled groups or state-sponsored actors. They can remain undetected within a system for extended periods.

 

8. Cryptojacking

 

Cryptojacking involves using a victim’s computing power to mine cryptocurrency without their knowledge. This can slow down systems and increase energy costs.

 

9. Supply Chain Attacks

 

These attacks focus on compromising a third-party vendor to gain access to the main target. The wide-ranging SolarWinds attack is a prime example.

 

10. Artificial Intelligence and Machine Learning Risks

 

While AI and ML offer security benefits, they also introduce new risks. For instance, AI-powered malware could be designed to evade traditional detection methods.

 

Staying Protected

 

While all of these threats are unsettling, it’s important to remember that knowledge is power. By being aware of the risks and taking steps to safeguard your business, you can reduce the chances of becoming a victim.

 

Here are some crucial actions to take:

 

● Invest in strong security software. This should include anti-virus, anti-malware and firewall solutions.

● Educate your employees. They’re your first line of defence.

● Implement multi-factor authentication.

● Regularly backup your data.

 

Cyber defence is a journey, not a destination. Stay ahead of the curve by continuously reviewing security practices and being vigilant.

 

Need Support?

 

At Proximitum, we understand how complex cyber security can be. Our team of experts can help you assess your risks, develop a comprehensive plan and protect your business from even the most sophisticated attacks. Contact us today for a consultation by calling +44 (0) 203-875-8930.

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