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Cyber risk: The Top Cyber Security Threats

2016 was a dangerous year for technology giants as their cyber security was compromised at their user’s expense. With organizations like Yahoo and Sony under the attack by cyber criminals, the world finally gave cyber security more than just a thought.

 

There is enough proof to say that 2017 will be no better than 2016. In fact, the attacks will not only increase in number but will also get worse for the organizations and individuals involved. Here are some of the recent cyber security threats that the world is facing.

 

The Top Cyber Security Threats

 

Ransomware is getting bigger

The start of 2017 saw one of the biggest ransomwares of all time. WannaCry affected millions of individuals and disrupted the working of many organizations including the government held offices of many countries in Asia. The hackers are getting more experimental, willing to try newer and foolproof technologies to hide their tracks and affect a larger population.

Politically driven sabotage has taken over economic espionage

The hackers are no more interested in gaining money by leaking the secret information of the organizations to their rivals. A new term called “hackivists” has emerged, where the hackers are driven towards their political and social causes and target the government rather than the corporations. This year, the Democratic Party of the USA saw a lot of it information getting leaked online opening up many controversies and subsequently, disrupting their election campaigns.

Banks need to be more cautious than ever

None of the recent bank robberies happened in physical time. All of them were conducted online, draining the bank of all the money it had in a matter of minutes. Gangs like Odinaff were involved in many of them. However, a few countries were also suspected to be involved in some of these heists.

Email has become more vulnerable

The electronic form of mail now has more users than ever, making it an easy spot for hackers to target. The number of emails containing malware were the highest in the past 5 years, with one in every 131 mails containing the malicious program. The method has mostly been used to target business organizations and has drained them out of over $3 billion in the past few years.

Cloud isn’t that safe anymore

As the cloud infrastructure is gaining more popularity among the businesses, the hackers are finding more ways to exploit it. The databases of many companies have been locked in the past due to lack of latest versions or good authentication practices in place. If you are investing in cloud, you need to invest in the right security practices to protect yourself.

 

Which cyber security threat are you most wary about? Let us know.