In today’s business world, cyber security is essential to protect networks, data and devices from unauthorized access and cyber attacks. With the rapid pace of technological innovation, new cybersecurity threats frequently emerge, and cybersecurity must adapt to remain effective.
As companies increasingly do business online, cybersecurity needs to span a wide range of sub-domains. This includes protection against artificial intelligence-based attacks, Internet of Things (IoT) vulnerabilities, cloud security threats, and ransomware attacks.
The most important future cyber security risks for companies
Despite efforts to contain them, cyber threats are on the rise as cyber criminals continue to find new ways to infiltrate systems and steal valuable information. As a result, cybersecurity has become a critical element of modern business operations, and organizations need to stay abreast of existing threats to protect their customers’ data. Here are some of the top cyber security risks plaguing organizations that will continue to evolve over the coming years:
Malware, also known as malicious software, is a type of cyber threat that comes in various forms. Malware can be designed to have a hard-to-detect backdoor access to an organization’s devices, allowing attackers to remotely exploit the machine. Malware can be used to steal data, explore the local network, or send spam from the infected computer.
To ensure protection from malware, organizations must adopt robust cybersecurity measures, including antivirus software, firewalls, and employee training programs.
Cloud Security Threats
Cloud computing has become a popular choice for many businesses because of its flexibility, scalability, and low cost of ownership. However, as cloud usage increases, so does the risk of cyber attacks.
While cloud service providers are responsible for securing their infrastructure, organizations must also ensure their data is protected.
Cloud security threats include data breaches, insider threats, and vulnerabilities in cloud-based applications.
Phishing is a widespread form of cybercrime that continues to plague businesses of all sizes. This type of attack involves using deceptive emails or messages to trick individuals into revealing sensitive information or credentials, such as login or credit card information. The ultimate goal of phishing attacks is to steal vital information and trick victims into allowing malware to be installed on their devices.
Artificial intelligence (AI) attacks.
Artificial intelligence is fast becoming an integral part of many businesses and its use will only increase in the future.
However, the adoption of AI comes with its own risks, as cybercriminals can use AI to design more sophisticated and complex attacks, making it difficult for organizations to defend against. For example, attackers can use machine learning algorithms to bypass security measures and gain access to sensitive data.
Vulnerabilities in the Internet of Things (IoT).
The Internet of Things (IoT) is the network of physical devices, cars, appliances, and other objects implanted with sensors, software, and connectivity so they can connect and exchange data.
The advent of the IoT has transformed numerous industries, but it also poses a significant risk to businesses. IoT devices are often connected to corporate networks, which can become an entry point for cybercriminals. Additionally, many IoT devices have ineffective security features, making them easy targets for cyberattacks.
(The author is Mr. Akarsh Singh, CEO and Co-Founder of Tsaaro and the views expressed in this article are his own.)