The cyber arena is complex and continuously evolving, forcing organizations to take disruptive measures to protect against cyber-attacks.
Implementing the well-known security best practices to protect networks makes it easier for cyber criminals to break the security barriers.
In the following years, verticals such as retail, financial, healthcare, and manufacturing will be facing more aggressive cyber-attacks.
Cybersecurity Ventures predicts global that the annual cybercrime costs will grow from $3 trillion in 2015 to $6 trillion annually by 2021.
Understanding the on-going threats in the following years will enable businesses to take the proper counter-measures. To mention just a few of these threats:
- Ransomware. The “bad guys” are after money and, having proven that Ransomware is profitable, they will likely continue innovating their ransom and extortion business models.
- Spear Phishing. An e-mail spoofing fraud attempt that targets specific organizations, seeking unauthorized access to confidential data. This infiltration method is conducted by cyber criminals out for financial gain, military information, or trade secrets.
- Whaling. Attackers disguised as executives using legitimate names and email addresses dupe employees to wire money or submit sensitive documents to their accounts.
- Identity Fraud. Fraudsters obtain enough data about someone’s identity (also known as identity theft) and use it in criminal activity to obtain goods or services by deception.
- Insider Threats. Authorized personnel may cause security breaches and conduct cyber-attacks with much more ease, as they have access within the network.
Implementing the security practices that best suit your needs is of utmost importance for protecting your business. How will you be able to combat these threats in the following years?
Learn from some of the world's leading cyber security experts by joining this cyber security executive breakfast.