2021 saw an average of $787,671 lost every hour due to data breaches.
Cyberattacks are becoming more common, more sophisticated and much more costly as businesses rely on technology to power their daily operations. Compromised information technology infrastructures can result in denial of service attacks, data breaches, theft of intellectual property and even manipulation of stored data.
Cyber criminals like to target businesses in the financial services, healthcare and retail industries. A survey found that 69% of respondents believed that cybercrime was an unavoidable cost of doing business. Cybersecurity is a critical component of your business infrastructure and should be considered with as much importance as other key elements such as quality control or employee training.
You probably already know that cyberattacks are becoming more common, but did you know they’re also becoming more sophisticated and much more costly? As businesses rely on technology to power their daily operations, the number of cyberattacks is growing.
The results of these attacks can be damaging to your business and its customers. But if you have an effective cybersecurity program in place, you’re better prepared to handle a breach than most companies—and even turn it into an opportunity for growth.
Common attacks that can take place against your company’s information technology infrastructure include:
An example of a denial-of-service attack is when hackers send thousands upon thousands of messages to a server in an attempt to crash it. This leaves no room for legitimate users to access the system and disrupts operations until the problem is resolved.
Data breaches occur when cyber criminals gain access to private information such as credit card numbers and banking details. They may also steal private documents or other confidential material such as employee pay stubs or payroll records.
Social engineering is a form of hacking in which the hacker tries to convince an employee or other people with access to your computer system to provide them with information.
Cybercriminals can gain access to valuable information through physical infiltration, hacking into networks, or unsecured WiFi networks. This may happen if a laptop is left unattended in public places like coffee shops or airports.
These are some of the most common targets for cybercriminals:
Why? Because these organizations have a lot of valuable data that can be used to steal money or cause disruption. Cybercriminals may also want to steal information from your systems, which they can use to manipulate data and damage your reputation.
It is important for you to have a plan in place that will allow you to protect your business and its data from cyberattacks.
Planning and testing are key to success, so make sure that you test regularly with real-world scenarios. There are many different types of cyberattacks, so it is helpful if you can create several different plans for each type.
Find out where your business is lacking with a security assessment
Want to know where your business lacks cyber security? We offer a security evaluation. Our 3-point system ensures that your protection is comprehensive and up to date.
We hope to have given you some insight into the world of cybersecurity, and how it can impact your business. To make sure that you are prepared for whatever comes next, we suggest that you conduct a security assessment with PCC Secure who can identify any weak spots in your network before they’re exploited by hackers.
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