news author

by Qcom

Posted Tuesday, April 14, 2020

Cyber Security Risks to Watch out for in 2020

As we pass through time, our world is becoming more and more digital. Everyday there a new forms of shop, communication, commute, entertainment etc. that your business needs to keep up to date with. But whilst you keep up to date with the trends, you also need to keep up to date with your security.

Security has moved on from simple alarms and CCTV cameras. Now, you need to be protected from internal things, such as email, phoning and viruses from web-pages.

Here, we’re going to let you in on the biggest security threats to you as of 2020.

Supply Chain Attacks

A supply chain attack can also be called a value-chain or third-party attack. This is because it happens when someone gets into and infiltrated your system through an outside partner/provider (who already has access to your system).

As of now, the risks for this type of attack haven’t ever been higher. With more and more people learning of these types of attacks and taking precautions, attackers have more resources and knowledge every day. They’re trying to keep on step ahead of us at all times.

Supply chain attacks happen when the attackers inject a piece of their code into a website which lets them steal any data you then insert. This can include financial data, passwords, personal credentials and more. The attacks are well known to be on financial or eCommerce sites.

The people who are left defending their sites against this rogue code must take notice and all necessary precautions, as the outcomes of these attacks could be catastrophic.

Phishing Gets Worse

Phishing attacks is where the attacker will target people with digital messages and try to convince them into clicking on a link, to either install malware or take your sensitive data. As of now, these attacks are becoming even more specialised.

The reason for the evolving phishing attacks are because of how well known they are to businesses. Literally everyone in business should know about these spam messages and learn how to avoid them, and so they’ve had to become more sophisticated to work.

Recently, they have started using machine learning to create even more convincing messages more quickly. These attacks will then go on to unwittingly get into the business’ systems and data bases. Attackers can steal financial info, passwords, client logins and other types of sensitive data.

To avoid this, make sure all your staff are up-to-date and trained on how to spot these types of attacks, and what to do if they think they’ve spotted one. Make sure they always double check what they’re clicking on.

IoT-Based Attacks (Internet of Things)

In simple, the ‘Internet of Things’ includes everything connected to the internet, but more often now for the devices that talk to each other this way (‘smart’ devices) such as, smartphones and wearables (Apple Watch etc.).

Ultimately, with these connected and automated devices, it’s possible to gather information to then go into an action, such as Alexa, smartphones and environmental devices.

However, as we grow with these new things, consequences also arise. Within office is often IoT devices, which leaves more ways for cyber-attackers to get in. Devices part of IoT in common areas can end in disaster, as it can give access into your intranet and database. Without strong security installed, there are major gabs left for your business.

And make sure you know exactly what is connected to your internet, how it’s connected and why it’s connected, along with security you should have in place.

Internal Attacks

A huge ongoing security risk in any business in the world is its own employees; surprising isn’t it? You’d least expect it, but it’s a huge problem. Whether they make harm on purpose or not, it still happens everywhere.

If you don’t train and keep your employees updated on new threats and how to avoid them (such as phishing like mentioned before), then they can unwittingly make huge errors that cost your business time and money. They may accidentally download malware, or enter your business financial details into a fake website; you must take precautions against this.

You should know exactly who has access to your sensitive data within your business, when they’re using it and what they’re using it for. Make sure you only let people access business sensitive data when they have to.

And make sure they’re knowledgeable on what they’re doing! The right training means everything when handling important data.

Knowing four of the largest security risks you could be faced with this year, do you have the necessary precautions in place? Or are you going to have to make some changes?

Contact our expert
team today