You’ve probably noticed that cybersecurity headlines are becoming more mainstream. Hacker attacks are increasing every day as new ways to steal information or money are developed. Moreover, the increasing number of threats is also caused by new technologies and new places where people keep their data and finances. To put it simply, NFT marketplaces, banking apps, healthcare organizations, and other digital products are at greater risk than ever.
As people tend to share their information more freely today without any worries, hackers take advantage of this freedom and waste no time. As a business, you don’t want to lose the trust of your customers and, therefore, your revenue. That’s why it’s increasingly important to make sure your users’ data and money are safe by using cybersecurity services.
What is cybersecurity?
Cybersecurity is a method of protecting data or digital assets made up of all the technologies and practices guaranteeing the security of computer systems and electronic data. And in the highly digital world we live in, where people, businesses and various organizations operate online, this is a huge and growing industry with many different types of positions.
According to the Cyber Security & Infrastructure Security Agency (CISA), the definition of cyber security is known as the art of protecting networks, devices, and data from unauthorized access.
What is Information Security?
Information security consists of many processes and tools developed and used to protect sensitive business data from theft, alteration, disruption and inspection, according to the aforementioned organization.
Even though information security and cybersecurity have differences, these terms are often confused due to a lack of knowledge in this field. Experts say that information security is an essential part of cybersecurity, although used only to ensure data security.
Why is cybersecurity gaining importance?
Being hacked is not a small problem that can be solved in minutes. While some businesses may be less worried about hacker attacks, others should know that even attempted threats can ruin their entire business. This is because customers always want to feel safe and protected when using apps, websites, sharing their personal information with you, and so on.
Along with the benefits, new technologies are also increasing the number of ways hackers can steal information and money. Therefore, no one will be surprised to know that every year the number of hacker attacks will only increase. For example, Gartner Inc. suggests that global security spending will likely reach $170 billion in 2022, showing an 8% increase in just one year.
Since people go online for almost every task they need to complete, companies also want to stay in demand and grow their digital products. Whether it’s a small business or a market giant, almost everyone now has an online presence in one way or another. This gives hackers too many options to choose from. While some know the importance of protecting user data and using cybersecurity services, others still believe that it will never happen to them. However, even NFT marketplaces with the highest level of security can be hacked in case of know-how.
As a result, any company whose entire business model relies on controlling customer data can find their databases severely compromised. So whatever kind of information you use from users, you can become the next choice for modern hackers who will do their best to steal it. And this threat will endanger your business, user trust and market position.
What are cyberattacks?
To put it simply, cyberattacks are any misguided attempt to steal, expose, disable or destroy data or money through unauthorized access to software. Although nobody ever understands the real cause of these attacks in some cases, experts say that there are many reasons behind a cyberattack. These often include cyber warfare, cyber terrorism and sometimes hacktivists. However, all three reasons fall into one of these categories:
Recent reports show that small businesses are usually the top choice for hackers. Indeed, they often have less efficient security infrastructures than the market giants that have already been attacked. The same report also gathered opinions from business owners who say they often feel their products are vulnerable to attack. And this happens for several reasons, such as:
- They cannot afford professional IT solutions;
- Try to enter the market faster;
- Underestimating their information;
- Limited time to invest in cybersecurity;
- I do not know where to start.
In order to prevent any successful and costly attack, companies now use penetration testing, which allows them to save money and know their weak points.
What are the types of cyberattacks?
While the types of attacks are also increasing, below are some of the most common in 2022:
Malicious software, somewhere called malicious software, represents intrusive software designed by hackers. The main goal is to steal data or damage computers with underlying computer systems. The biggest danger the malware poses is its ability to exfiltrate massive amounts of data. Some of the best examples of malware are viruses, worms, spyware, Trojans, adware, and ransomware.
Phishing attacks refer to the particular practice of hackers sending fraudulent communications that people believe is a trusted source. This attack can be recognized because it usually occurs through a phone call or email. The main goal is to steal sensitive data, such as login and financial information or even automatically install malware on their phone.
Ransomware is one of the types of malware developed by hackers to encrypt files on a target device, rendering those files unusable. The goal here is to get money, because when the system has been encrypted, the hackers demand a ransom in exchange for the decryption, which is often another trick, and the companies don’t get the decryption.
Finally, we are all familiar with viruses. These are harmful programs designed to spread from software to software while sometimes reaching connected devices. The purpose of a virus is to give the hacker the necessary access to infected systems. More often than not, viruses pose as legitimate applications and then often cause significant damage to the system. This way, hackers can easily steal data, interrupt services, or download additional malware, depending on the goal.
Modern businesses struggle against hacker attacks. This happens because not everyone knows the importance of cyber security and attackers are developing new methods to steal data and money. This short guide tells you everything you need to know about modern hackers and explores the importance of cybersecurity in 2022.
Alexia is the author of Research Snipers and covers all tech news including Google, Apple, Android, Xiaomi, Huawei, Samsung News, and more.