How to Identify, Deter, Protect Against, Detect, and Respond to Cybersecurity Risks
Cyber security risks are the potential threats and vulnerabilities to your organization’s information. They result from malicious cyberattacks as well as unintentional errors or inadvertent disclosure of data. The most commonly encountered threats are malware, ransomware botnets, phishing, and ransomware.
Malicious cyberattacks can be devastating for both businesses and individuals. These attacks may expose personal and financial information, cause disruption of essential services, and can cause significant financial loss. Businesses, both large and small, and the Federal Government, must improve their ability to identify and deter cyberattacks, guard against them, and identify and respond.
In a malware assault, a cybercriminal enters a computer to cause damage by deleting or altering data. These attacks can take on a variety of forms, from viruses that infect systems to trojans (like the Trojan Horse of mythology) that allow cybercriminals backdoor access.
Cyberattacks can also include denial-of attacks that overload systems in order to disrupt services. Other less obvious tactics are IP spoofing, where attackers manipulate the destination address of network communications to gain access. There are also the infamous ransomware threats that lock businesses off their systems until they pay a ransom.
Internal cyber-security risks can be caused by angry or malicious employees who hold an issue with them or have a reason to retaliate against the company. The more you rely on third-party vendors and suppliers, the more your business is prone to their mistakes or attacks. All of this makes it imperative to create a holistic and automated security risk management.