Uploaded on Sep 30, 2022
Cyber security practices involve preventing malicious attacks on computers, servers, mobile devices, electronic systems, networks, and data. It is also called information technology security or electronic information security. – PowerPoint PPT presentation
Top Cyber Security Risks for Businesses
Top Cyber Security Risks for Businesses
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It has been evident that the increase in cybersecurity risks has become the top-
most priority concern for businesses in the past few years. Irrespective of a
business’s size, almost every company has experienced cyber threats in one way or
another. In this blog, we will check a list of top Cybersecurity risks for businesses in
detail.
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Top Cybersecurity Risks for Businesses
The following are the list of top Cybersecurity risks for businesses:
Compromised Passwords
Compromised or weak passwords more often lead to cyber security risks. Even if a
user enters the login credentials on a duplicate account, it can lead to cyber security
risks. Using standard credentials for almost all accounts might make your account
vulnerable.
When creating passwords for business accounts, ensure to use unique and robust
passwords using uppercase, lowercase, special characters, and numbers. Businesses
should maintain particular guidelines for creating login credentials for an employee to
mitigate cybersecurity risks.
Data Theft and Data Breach
Data Theft and Data Breach are the most critical concerns for businesses. Data Theft
happens when hackers try to get confidential information from employees by
implementing dishonest practices. A Data Breach on the other hand occurs when
confidential data or files are stolen without authorization from the system user.
This confidential information can include various elements such as Email addresses,
Social security numbers, Names, Credit card numbers, Login credentials, and some
important business documents.
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Ransomware and Malware
Next on the list are Ransomware and Malware, which are the fastest-growing
cybersecurity risks. Ransomware is a kind of malware that encrypts the system.
Once the system gets attacked, users can no longer access the systems or files. To
access the system, they are demanded to pay some ransom to the
cybercriminals.
Malware, also well-known as malicious software, is injected into a system to
destroy or slow down the system. This is usually done through email attachments
or small pop-up messages. It can spread quickly through the network and wreak
havoc on digital files by blocking the program and changing the system settings
and permissions.
Phishing
Phishing is the most popular cybersecurity risk and concerns for businesses.
Phishing scams and emails are normal these days, looks like a legitimate website
or mail, leading the employee to click on the link or provide details on the
imposter landing pages, leading to malware attacks on the system. Businesses
should implement additional email security measures to protect employees and
confidential data from phishing emails.
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Inadequate Patch Management
Patch Management is an essential part of cybersecurity. It is required to
update the system or application after the identified vulnerability or bug gets
fixed by the developers. Patch Management helps ensure the application or
system is clear from the attack surface and does not allow cyber attackers to
exploit the system.
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