Top 10 Security Issues for Businesses

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  • Special viruses, popularly known as Trojan viruses are used in breaching the security of computers.
  • Commonly used attack techniques in social engineering are phishing, baiting, scareware, and pretexting.
  • Cryptojacking is unauthorized mining of cryptocurrencies.

Today businesses are facing the threat of network attacks that can access their confidential data and misuse them. This can go heavy on the pockets of the organization. Cybersecurity is not a concern limited to only the business giants but also small and medium scale enterprises. IoT application development company has to take into account this as a priority during any system design. To understand these concerns and avoid them, the 10 topmost security issues faced by businesses are:

The widespread IoT industry has made itself vulnerable to threats in every sector.

IoT (Internet of Things)

IoT app development is connecting devices and networks to create an intelligent system throughout. The widespread IoT industry has made itself vulnerable to threats in every sector. Hackers can steal data from a variety of devices and networks due to this. To quote an incident, a bank in Britain has been hacked using the CCTV cameras. IoT application development cannot ignore the security concerns in their systems.

Botnets

Special viruses, popularly known as Trojan viruses are used in breaching the security of computers. After attacking the devices, all of them are organized in a network of bots to manage them remotely. This attack is capable of infecting a large number of devices at the same time. To prevent this, Anti Malware software should be installed. This is usually done to steal personal and financial information or coerce the victims.

Social Engineering

The attacker first performs a background check of the potential victim and identifies the easiest access point of attack. Then the victim is deceived, and his trust is acquired by the attacker. Gradually, the interaction is increased, and highly confidential areas are touched. This cannot be easily identified and prevented, as there is no software issue here.

Commonly used attack techniques in social engineering are phishing, baiting, scareware, and pretexting. This can be prevented by not opening emails or messages that look suspicious, using multi-factor authentication, and not falling for enticing offers. One has to be aware of whom and what to trust.

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Cryptojacking

Cryptojacking is unauthorized mining of cryptocurrencies. This can be done by using ads on certain websites or when the victim opens some links in his/her email. The victim is unaware of this, while it runs in the background. Cryptocurrencies like bitcoin or ethereum are mined. This is not done to steal data, but to slow down or hamper the processing power.

Rootkits

A rootkit is a malicious program/software that is malicious and hides its presence when it accesses the computer remotely. This can remain undetected even for years and continuously access your personal information. It cannot be detected by malware security applications as well. It can only be detected if something looks skeptical and thus reorganizing the entire system to get rid of it. In the history of rootkits attack, the USA and Israel’s Stuxnet that targeted the nuclear system of Iran is well known.

Outdated Hardware and Software

In the continuously upgrading world of technology, no wonder obsolescence is a security threat for you. Timely updated software and hardware keep the cyber attackers at bay. Old systems pose a higher security threat because they stop offering technical support for the older versions when they upgrade a system. This is why you always receive warnings to upgrade your software from the manufacturers. The longer a product is in the market, the longer the criminals get to dig deeper into its weaknesses.

Ransomware can infect a computer by malspam, which is an unsolicited mail.

SQL Injection Attack

SQL injection makes use of malicious SQL code to manipulate the backend database and access highly secure or personal information of a company. It can also get access to administrative information and cause high risks to any business. Malicious SQL codes are incorporated in poorly designed web applications where SQL statements can be easily exploited.

Ransomware 

This is a malware that denies access to the owner and asks him/ her for money to access their information. The earliest incident of ransomware goes back to the 1980s, and payment was asked through a snail mail. Ransomware can infect a computer by malspam, which is an unsolicited mail. Malvertising gained popularity in 2016 for ransomware attacks. Even when the user does not click on an ad, they can be directed to criminal sites. Universities are generally targeted in such attacks.

Formjacking

As the name suggests, a web page form is used as a means to execute this type of attack, typically, a payment form. The worst part about this attack is there is no way this can be detected by the consumer while it is happening, or even the supplier or merchant cannot be blamed for the same. But the responsibility to prevent jacking lies with the merchant or website owner. These types of attacks usually take place through e-commerce, banking sites where personal information is collected. This is the digital version of skimming, and the bank card can be easily duplicated using the collected data.

Cloud Vulnerabilities

The more we rely on clouds for data storage, the more we are exposing it to risks. No cloud security system can eliminate these risks. IoT application development companies must always keep this in their mind.

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David Smith

A problem solver and a project manager. 
https://www.cuelogic.com/ [follow_author]

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