With Cybercrime related damage is projected to hit $6 trillion by 2021, here’s a closer look at some of the Most popular Cyber Threats faced by industries:
Phishing attacks
Phishing attacks carefully target people with messages to fool people into clicking on a link that will install malware exposing all their sensitive data. The antics of phishing exploits have become increasingly sophisticated with machine learning, helping attackers craft convincing fake machines in the hopes that their victims fall prey.
Ransomware attacks
Ransomeware costs its victims billions of dollars annually. The hacker employs a technology that can hold an entire database hostage unless paid. Experts have inspected that the rise of cryptocurrencies like Bitcoin has helped ransomware attacks get traction since Bitcoin allows anonymous transactions, making it difficult for authorities to track.
Cryptojacking
Cryptojacking is a cyber threat trend where the hackers hijack third-party home mining devices. Hackers can earn a significant amount of money by piggybacking the host system since crypto-mining requires huge amounts of resources. Cryptrojacking can be costly since it’s quite difficult to track and allocate an immediate solution.
Cyber-Physical attacks
Technology that has enabled us to be more agile also puts us at greater risk and critical failure. Hacks targeting transportation systems, water treatment hubs, and electrical grids represent a major trend in cyber threats.
IoT attacks
With an expected reach of 75 million connected devices by 2025, IoT is growing to be more ubiquitous. Connected devices like tablets, webcams, household appliances, automobiles, home security systems, and even medical devices put you at greater risk. Once hacked, the hacker will have complete control over your IoT network and can wreak havoc – overload networks or lockdown essential devices for financial exploits.
Social Engineering
Hackers are evolving with time and now they are opting for psychological exploits as well. Social engineers are hackers that will use human psychology to pry out sensitive information via phone calls or social media.