Most businesses, regardless of size and the market niche in which they operate, have a digital presence, as online shopping has become increasingly commonplace, and carrying out workplace tasks on a computer is much simpler and more efficient than completing a lot of paperwork. However, the fact that so much data can be found online nowadays has also caused new problems for businesses. The main one is that hackers have begun looking for different ways to access confidential information and exploit it for their own benefit. Keeping up with all the shifts and changes can be quite challenging, especially for the smaller businesses whose budgets may not allow for continuous changes and upgrades to the infrastructure.
However, the alternative isn’t viable either, as you can’t simply wait around and hope you’re lucky enough to avoid having your business targeted by cybercriminals. Recovering from an event such as this is typically much more expensive than the preventative measures as well, and in many cases, the damage to the business’s reputation is so great that it’s impossible to recover at all. But what are the cybersecurity threats you need to be aware of in this ever-changing landscape?
Internal issues
While data breaches are often associated with hacker attacks, they are also the result of lax cybersecurity practices, human error, and inadequate training. That means that a sizable portion of breaches occur because an employee didn’t know how to handle certain data. This is why it’s important for everyone to only have access to the information they need in order to complete their work tasks, not the entire network. The storage solutions you use, such as cloud computing, need to be handled adequately due to the amount of data that exists on them.
The best cloud storage solutions for business environments must come equipped with end-to-end encryption to ensure that your files are safe at all times. It needs to be scalable, cost-efficient, flexible, and have robust disaster recovery capabilities set in place so that you can ensure a relatively speedy recovery. While the systems should have high usability and accessibility, employees must receive adequate training beforehand as well, to reduce the likelihood of such incidents. Always remember to check for weak credentials, misconfigurations, or phishing attempts that could be attempting to take advantage of vulnerabilities in your cloud in order to reach your data.
Remote work and days when employees bring their own devices to work can end up causing quite a lot of trouble as well, unless things are managed adequately. If you have employees who choose to work from home or even from other locations and if you are keen on BYOD, you’ll need to develop a personalized framework that takes the particulars of your landscape into account.
External dangers
Just because the people working in a company can make mistakes doesn’t mean external factors should be underestimated. In fact, business owners and employees are not wrong to believe that the scope of external threats has the potential to be much larger, having a much more significant impact as a result. Password theft is one of the easiest ways this can be achieved. Having weak access codes or reusing the ones you have on different accounts can severely jeopardize your cybersecurity. Make sure that your passwords are complex and include a broad range of letters, numbers, and symbols arranged in a random manner so that they cannot be guessed so easily.
Phishing schemes have become more commonplace as well as more sophisticated, making it increasingly difficult to identify them. Hackers can pose as members of the IT department and demand secret credentials in order to access the network. Zero-day exploits are another kind of attack, designed to exploit the vulnerabilities inherent in your business’s systems. Then there are structured query language injections, which use malicious SQL queries in order to infiltrate or even completely annihilate a database.
It is plausible for cybercriminals to intercept and monitor the data sent on your computer’s network, while the “man in the middle” attacks involve a cybercriminal who succeeds in tricking users into logging into the network, a situation that is especially common for those who connect to Wi-Fi networks located in public areas. Water hole attackers target resources that are commonly used and shared by specific users. DDoS attacks aim to overwhelm your website with malware so that shoppers won’t be able to use it.
Emerging technologies
AI has been hailed as a revolutionary development that is set to take markets further and improve pretty much all business sectors and industries. However, while it can definitely serve as a helpful tool for companies, it is also frequently used by cybercriminals looking to perfect their attacks. The use of systems that operate with minimal human control has already been observed in attacks, as criminals use them to thoroughly explore the systems and adapt to them in a way that makes the hacks much more effective.
Quantum computing has also been determined to be a threat for a long time, with many thinking that systems are far from prepared to deal with attacks of this type and magnitude. All stolen information that is acquired nowadays can be utilized to facilitate quantum decoding in the not-so-distant future. Encryption methods like ECC and RSA might become particularly vulnerable as a result of this tech, with the companies that don’t keep track of their digital footprints facing particularly elevated risks.
The rise of deepfakes and synthetic media has only just begun, and although many of the videos and images are far from perfect, they’re already more than enough to convince large numbers of people, at least momentarily, of their validity. Biometrics and identity-verification systems can be susceptible to the use of manufactured identities and copied data as a result. As the Internet of Things also becomes more common, the number of digital assaults increases as well. The more devices are used, the more complex the vulnerabilities become as well.
To sum up, the rise of technology has brought many positive aspects to the business world, but as devices and algorithms continue to evolve, it is important to invest in the security measures that can preserve the integrity of both your own corporate data and that which was entrusted to you by your customers and partners.












