Defending Against These Common Types Of Cyber Attack [extract]
Defending Against These Common Types Of Cyber Attack
Directors Report: This article is exclusive to premium customers. For unrestricted website access please Subscribe: £5 monthly / £50 annual.
The Internet has brought a positive information and connection changes to people’s lives, but the Net has given rise to increasing cyber attacks and data theft. Today's cyber criminals are not part-time amateurs but often are state-sponsored adversaries and professional criminals looking to steal information and make large amounts of money.
A cyber attack is a malicious and deliberate attempt by an individual or organisation to breach the information system of another individual or organisation. These attacks are carried out by threat actors who use various strategies such as malware, social engineering, and password theft.
These cyber attacks disrupt business operations and in some extreme circumstances they can also lead to the complete destruction of the firm. Worse, the average cost of a data breach is around 9.48 million USD, which includes expenses related to discovering and responding to the attack, downtime, lost revenue, and long-term damage to the business’s reputation.
It is projected that cyber crime will cost the global economy approximately $10.5 trillion annually by 2025.
(Full article length: 5,200 words)
To continue reading please Subscribe
