Cyber security is the body of technologies and practice of defending computers and servers, mobile devices, electronic systems, networks, and data from malicious attacks and illegal activity like harassment and extortion, hacktivist protests, unauthorized access, and many more.
A computer is either targeted or used for Cybercrime or Cyber Security, respectively.
Cybercrime may threaten a person, company, or a nation’s security and financial health so the main purpose of cyber security is to protect all organizational assets from both external and internal threats as well as disruptions caused due to natural disasters or calamities.
Organizations like banks, casinos, and financial firms where a huge amount of money flows daily are opted by cybercriminals from where sensitive information can get hacked.
Types of Cyber Security: –
- Infrastructure security
- Application security
- Network security
- Cloud security
- Internet of things (IoT) security
In the last few years, technologies are getting updated, and connectivity is increasing, which rapidly increases the risk of attacks and breaches. And due to COVID-19 shifting of work or offices to the remote workforce (work from home), immensely expands the cyber-attacks and increases the opportunities for hackers to exploit.
America saw about 61% increase in cybercrime reports in 2020 compared to 2019, which caused over US$4.2 billion in losses. About 4% of those complaints were related to COVID-19 or vaccination related scams.
Cybersecurity Ventures expects global cybercrime costs to grow to US$10.5 trillion by 2025. So, it becomes the need of the hour to implement cyber security solutions to save your company, investments, and innovations
Here are some major threats of Cyber Crime/Security
Cyber Security Threats: –
- SQL Injection Attack
- Cross-Site Scripting
- Denial Of Service
- Session Hijacking
- Password Attacks
Healthcare, Manufacturing, Financial Services, Government, Transportation are the 5 most Cyber Attacked industries.
What a person or Industry can do to prevent cyber crime
As of now, there is no way to completely exterminate cybercrime and ensure complete internet security, but businesses (or people) can scale down these activities by conserving an effective strategy of cybersecurity. These strategies can reduce cybercrime risks.
Cyber Security Solutions: –
- Vulnerability and Security Assessments
- Dedicated Internet Access
- Penetration testing
- Vulnerability Management
- Threat Detection
- Incident Response
Encrypting email platforms and local hard disks for all computers, using a secured and private domain name system (DNS) server, and using a virtual private network (VPN) can stand against cybercrime attacks.
This content is meant for information only and should not be considered as an advice or legal opinion, or otherwise. AKGVG & Associates does not intend to advertise its services through this.
CA Neetu Saini
AKGVG & Associates