May 09, 2022 0 Comments
The past two years have seen phenomenal growth in the usage of the internet with more businesses going online and employees working from home due to the pandemic. But the increased usage of the internet has given a greater opportunity to cybercriminals to expand their scope of operations and find lucrative targets to steal from.
In 2021, we saw big targets such as Acer and Travelex shelling out multi-million dollars to regain control of their data from hackers. The hackers and the cybercriminals don’t just target big corporations for big payouts, they target anyone or any business not alert to cyber vulnerabilities.
While cybercriminals may look to have an upper hand at the moment, it is not too difficult to insulate yourself and your business from becoming a victim. This article will discuss the types of cyber threats you can encounter and then provide you with ways to prevent them.
Cybercrimes can be classified into three broad categories based on the target victim. These are – individual, property, and government. The level of sophistication increases with each different category. There are several ways that criminals can attack online. You need to be aware of all the different threats that are out there and find ways to insulate yourself against these threats. The most common cybercrimes are:
This is by no means an exhaustive list of the types of cybercrimes. Many other types of crimes also occur on the internet.
Everyone who uses the internet is a potential victim of cybercrime. We constantly hear of data breaches where the information of millions of users across different platforms is stolen and sold on the darknet. The cost of cybercrime in 2021 was estimated to be around USD 6 Trillion. This is expected to grow each year and is estimated to be over USD 10 Trillion by 2025.
The victims of these cyber attacks are increasingly seen to be medium and small businesses with nearly 43% of attacks targeted at these businesses according to a study and only about 14% of such businesses have adequate cyber security.
The emerging trend in cybercrimes shows that it is evolving and now their primary target is the people who use the technology as they prove to be the weakest link in the cyber defense. The chosen method for such attacks is ransomware, credential theft, phishing, and social engineering. The easiest way to get hold of someone’s data is through stolen phones and devices. Keeping this in mind businesses can take the following measures to reduce their risk:
There is no questioning the fact that it is more difficult to hack or break into Apple devices, but they are not completely immune to them either. Cybercriminals are innovative people and they have found unique ways to hack into your secure iPad or iPhone to steal your data, grab your browsing history and capture your passwords. While you may trust the apps that you get from the App Store be aware that the app developers themselves may harvest and sell your data to interested parties. Apple cannot control such data transfer and cannot track where your data finally ends up. However, there are ways you can reduce your risk and not just for iPad and iPhones as these measures work for Android devices too.
Keep yourself abreast of the latest developments in the cybercrime world and install a good cyber security system on your devices to prevent hacking and stealing of your valuable data. Prevention is better than cure so make it harder for the criminals to get to you and your data.
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