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Cyber Security: Challenges and Opportunities

Cyber risk is now decisively the number one on the international agenda as high-profile breaches, raising fears that hack attacks and other security failures could endanger the global economy.

 

Why? Simple: cyber-crime costs the global economy approximately $400 billion USD per year, according to the Center for Strategic and International Studies.

 

Cyber-attacks cause commercial losses, public relations issues as well as disruptions to operations and possibilities of extortion. Between 2015-2020, an estimated $655 billion USD is expected to be spent purely on cybersecurity initiatives. They may also expose a company to regulatory action, negligence claims, and a major damage to trust among consumers and suppliers alike. Due to the risk of an injured reputation, many cyber-attack incidents go unreported and thus few cyber criminals have been caught. As a result, 47 US states have passed laws requiring security breaches that involve personal data to be reported to authorities immediately.

 

Cyber-attacks don’t merely harm a company’s reputation, they drive up costs and impact revenue, ultimately affecting a company’s bottom line and harming its’ ability to innovate, and gain and maintain customers. With businesses relying more and more on data and information carried through cyberspace, it is critical to maintain physical and intellectual property against intruders and potential threat.

 

Cybersecurity are technologies and processes that protect IT assets from cyber-attacks. Cybersecurity is a growing concern as hackers become more sophisticated in penetrating the IT infrastructure of governments and enterprises with increased frequency. Our major advancements in technology (mobile and IoT devices) only increases the risk of exposure to a cybersecurity hack, so governments and businesses need to invest largely in preparing themselves and putting preventative measures in place.

 

It is important to be informed in order to be prepared. According to top industry experts, the top five types of cyber-attacks are:

 

  1. Zero-Day Attacks
  2. Cloud-Data Leakage
  3. Mobile Malware
  4. Targeted Attacks, and
  5. SQL Injection.

 

Zero-Day Attacks are when software vulnerabilities that have yet to be discovered and patched are targeted. Cloud-Data Leakage is when employees upload confidential company information to cloud services such as Google Drive or Dropbox. Mobile Malware is designed to target the operating systems on mobile devices, enabling hackers to steal all data available on the device. Targeted Attacks occur when hackers use a variety of methods to strategically infiltrate a predetermined user or organizations system. The last, most common type of attack, a SQL Injection, is an attack method that enables hackers to execute malicious code on a server, thus allowing them to steal or delete any data available on that particular server.

 

Now that you know the most common types of cyber-attacks, the next step is to put areas of protection in place to prevent or easily come back from a cyber-attack. The Vormetric Global Insider Report shared the top five forms of protection against such attacks. At the top of the list are:

  1. Network Defenses
  2. Endpoint and Mobile Device Protection
  3. Data in Motion Defenses
  4. Data at Rest Defenses, and
  5. Analysis & Correlation Tools

Network Defenses prevent hackers from infiltrating and navigating through corporate networks to find and steal critical data. Endpoint and Mobile Device protection prevents hackers from compromising individual users devices. Data in Motion Defense includes protecting data that is being sent from one device to another. Data at Rest Defense protects data when it’s stored in corporate databases, and Analysis & Correlation Tools monitor the flow of data through corporate networks to locate suspicious activity.

 

Cyber security is one of the most urgent issues in modern day. Computer networks have always been the target of criminals, and the danger of breaches will only increase as these networks continue to expand. There are, however, sensible precautions that organization’s can take to minimize the losses from hackers. With preparation and specialized external assistance, it is possible to control damages and recover from a cyber breach and its circumstances.

 

Starweaver has taken steps to help defend your business against any cyber security threats that your business might encounter with our 100% FREE Certification Building a CyberWarrior Series.

 

The series includes seven sessions:

 

Part I: Building a Security Skills Foundation

Tuesday 14-MAR-2017 11:00 AM EST, USA

 

Part II: Leveraging Wireshark for Security

Friday 17-MAR-2017 1:00 PM EST, USA

 

Part III: Essential Defensive Strategies

Friday 14-APR-2017 12:00 PM EST, USA

 

Part IV: Building a Cyber Range

Friday 05-MAY-2017 1:00 PM EST, USA

 

Part V: Penetration Testing Unveiled

Monday 15-MAY-2017 1:00 PM EST, USA

 

Part VI: Intrusion Analysis

Wednesday 17-MAY-2017 11:00 AM EST, USA

 

Part VII: Intrusion Handling

Tuesday 23-MAY-2017 1:00 PM EST, USA

 

The series is limited to the first 100 registrants, to sign-up and save your space click here