The Rise of Cyber Threats: What to Know

Mar 11, 2023

Your Businesses & Cybercrime

In today’s digital world, businesses have become heavily dependent on IT to function. While technology has revolutionized the way companies do business, the threat of cyberattacks increases year over year. Cyber threats are a constant concern, and with the rise in cybercrime, it’s more important than ever to stay ahead of the security curve. What should businesses expect moving forward when it comes to cyber threats? And how can they protect themselves from the latest attacks?

Ransomware Extortion

Ransomware is still the main star of the show when it came to cyber threats. With billions of dollars in payouts, it’s the most common type of cyberattack on record. And it’s not going away anytime soon.

Ransomware works by blocking you from accessing your computer systems or files until a ransom is paid. It does this by “locking” or encrypting your files. While paying the ransom may seem like a solution, there’s no guarantee that the decryption key will be delivered. This is why it’s crucial to have a comprehensive cybersecurity program in place, one that can detect and block ransomware before they can cause any damage.

The Growing Threat of Phishing

Phishing is another major concern for businesses. This malicious technique based on deception is used to deliver ransomware, malware or steal your account passwords. Phishing attacks can be surprisingly effective, even in their simplest forms.

What can businesses do to protect themselves from phishing attacks? Employee training is key, as is implementing a comprehensive email security solution that can detect and block phishing attempts before they reach employees’ inboxes.

The Future

As our world continues to become more and more digital, the risks associated with cyber threats will only continue to increase. It’s up to businesses to stay ahead of the game by protecting themselves from these attacks. While ransomware and phishing are two of the biggest threats to watch out for, they’re far from the only ones. It’s important to partner with the right cybersecurity firm to ensure the safety and security of your business.

Risk Reduction

So, what can businesses do to protect themselves from these malicious attacks? Being proactive is still the most effective way to protect oneself from potential threats. At a minimum start with regular backups of all important data and ensure you have an EDR anti-virus solution across all work machines. Moving beyond that, for a true cybersecurity program, your best bet is to consult a “MSSP” (Managed Security Service Provider) such as RT Solutions.

PS. Did you know a cybersecurity program usually contains upwards of 500+ security settings in your IT environment?

 

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