Cyberattacks can target anyone, from individual users to large corporations. When a business or organization is the target of a cyberattack, the hackers are usually seeking sensitive and valuable company data. Please continue reading as we explore the most common cyberattacks, the potential consequences of a data breach, and why connecting with our cyber security expert from Port Security is in your best interest.
What is a Cyberattack?
A cyberattack is a malicious and deliberate attempt to access or damage a computer system or network by unauthorized means, aiming to steal, expose, alter, or disrupt data applications or other digital assets. The most common types of cyberattacks include:
- Malware: This is the most common type of cyberattack because it includes subnets such as viruses, worms, ransomware, and spyware. This type of code can exploit computer systems, networks, or devices.
- Phishing scheme: This occurs when an attacker impersonates a legitimate entity to trick users into sharing sensitive information. Typically, hackers use email, SMS, phone, social media, and social engineering techniques to entice victims into sharing confidential information or to download a malicious file that installs viruses on their systems.
- Denial-of-service attacks (DoS): This occurs when hackers flood a system with excessive false requests, causing slowdowns or full-blown crashes. This cyberattack is intended to disrupt business operations.
- Botnet: This is a network of devices that have been infected with malicious software, like a virus. Hackers can control a botnet as a group without the owner’s knowledge, making it incredibly damaging.
- Man-in-the-middle attacks: This is also referred to as an eavesdropping attack, which occurs when attackers intercept and manipulate communication between two parties without their knowledge.
What Are the Potential Consequences?
Data breaches can be harmful to individuals and organizations. When an unauthorized individual gains access to sensitive information without permission, it can lead to the following:
- Financial loss: Cybercriminals may steal money or demand ransom to access sensitive data. Victims can also face steep fines or lawsuits.
- Reputation damage: The public may lose trust and confidence in the company. An organization’s reputational damage can affect relationships with suppliers, investors, and other partners. Reputational damage can lead to a loss of customers and competitive advantage.
- Operational disruption: Companies may have to pause their operation to investigate and fix the resulting damage of the attack. This impacts productivity.
- Identity theft: Hackers can use stolen personal and financial information to commit fraud.
Data breaches happen when cybercriminals exploit weaknesses in a network or when there are errors in an information system. To minimize the risk of data breaches, please don’t hesitate to enlist the help of a security expert from Port Security who can assess your risks and resolve issues quickly. Connect with our dedicated team today to learn more about how we can assist you.
