![]() According to Statista, financial institutions and social media platforms respectively accounted for about a quarter of phishing attacks worldwide during Q1 2021. Phishing attacks have been the underlying cause of notable cyber crimes globally over the past decade, given their high success rate and ease of deployment. Case in point, “spear phishing” sends personalised emails to target a particular user, while “whaling” moves a step ahead by targeting high-net-worth individuals such as C-suite executives. While phishing attacks target as many customers as possible, they can also be more focused. Several cyber crimes start through phishing, which often involves tricking customers into providing confidential data or login credentials by sending fraudulent emails or text messages (SMS) that masquerade as legitimate requests. According to Kaspersky, in Q3 2021, US-based businesses suffered 40.80 percent of DDoS attacks, followed by Hong Kong (15.07 percent) and China (7.74 percent).įurthermore, DDoS attacks include SYN flood DDoS, HTTP flood DDoS, and network time protocol (NTP) amplification. In DoS/DDoS attacks, the cybercriminals leverage compromised computer systems – botnets – to remotely hijack other systems and control them to execute the attack. An attack entailing multiple devices is called a distributed denial-of-service (DDoS) attack. These are some of the approaches hackers and other malicious actors utilise to disrupt the IT fabric.ĭenial-of-Service (DoS) attacks tend to overwhelm the target system, server, application, or website with floods of illegitimate data requests, hampering the system’s normal functioning. ![]() Five types of cyber threatsĬyber threats incorporate malign actions aiming to access or steal confidential information and damage the organisations’ network posture.īelow are the most common cyber threats every IT security expert must stay prepared for. ![]() According to Statista, the revenue pool of the global cybersecurity industry will balloon at a 9.7 percent CAGR during 2021-2026. Organisations can deploy cyber security in multiple ways based on their network infrastructure and the kind of cyberattacks they are commonly prone to.Ĭybersecurity continues to grow in importance and market size across geographies. Also called information security (INFOSEC), cyber security services help businesses tackle digital threats, whether they stem from outside or within their premises. What is cyber security?Ĭyber security involves techniques and practices that help protect critical digital assets (data), networks, and computer systems from unauthorised online access, modification, and deletion. ![]() As such, they must invest heavily in cyber security services to safeguard their interconnected systems, networks, and data from slipping into the wrong hands. As the businesses sail into 2022, there is, unfortunately, no sign of this fading. Simultaneously, while digitisation and automation have offered infinite fertile grounds, they have also widened the attack surface for cybercriminals.Īccording to the Indian Computer Emergency Response Team (CERT-In), India alone witnessed over 6 lakh cyberattacks during H1 2021. The Texas-based SolarWinds hack and the most recent Minecraft Log4j exploit are epitomes in this context.Īs the boundaries between traditional offices and remote workplaces have gradually blurred, cybercriminals are uncovering innovative ways to trespass and misuse organisations’ private data lakes. Moreover, the sea shifts businesses have undergone since the advent of the COVID-19 crisis have been especially beneficial for the threat actors. Over the past couple of decades, cyber security incidents have been increasingly making it to the headlines. ![]()
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