11 Ago Managing Cybersecurity Risks

Whether it’s phishing schemes, ransomware assaults or data breaches, or even identity theft, cyber attacks can expose sensitive information and cause disruption to critical systems. Managing the risk of these threats requires a combination of security technology, training, policies and procedures for safeguarding the digital assets of your network and infrastructure.

Cyber threats are constantly evolving and arising across all industries and sectors. The Internet of Things (IoT) and the rise of cloud computing are opening up new avenues for attack for bad actors, who may be able to access large corporate networks through third-party suppliers as well as their connected devices like smart speakers, printers, or cameras. These attacks could be used by criminals to steal money, obtain sensitive information, or disrupt crucial services.

Social engineering (phishing), advanced persistent threats (APTs) and distributed denial-of service (DDoS) are all threats. Social engineering exploits human interactions to gain access to unauthorized systems. It can come in different forms, such as spoofing employees to https://boardroomstudio.org/what-is-cybersecurity/ appear as remote tech support agents for COVID-19, convincing them to divulge passwords, or pretending to be an executive to gain access to corporate financial or customer databases.

These threats can have real, direct consequences for companies of all sizes. These risks can result in compromised employee and customer data interruptions in service, financial losses, regulatory fines, and legal consequences. In addition, they can damage a brand reputation and affect the trust of consumers in the organization. These effects can last for a long time, even after the threat is identified and remediated.