What makes companies vulnerable to cyber attacks?

Companies collect and store enormous amounts of data. From billing invoices to customers’ credit card information, so much of your business focuses on private data. But, sometimes, even the most well-intentioned employee can make mistakes that leave your company vulnerable to cyberattacks.

What part of a company is typically most vulnerable to cyberattack?

legal sector
The legal sector is particularly vulnerable to cyber attacks due to the volume of data, sensitive information, financial responsibility and authority held. If a law firm specialises in corporate or property law, they are at increased risk, as the potential for financial gain is greater.

Who is vulnerable to cyber crime?

It reveals that the people most vulnerable to cybercrime tend to be adults over 75 and younger adults. The report analyzes all cybercrime activity from July 2020 to December 2020, and reveals the unprecedented growth in criminal activity across the world.

What types of industries or businesses might be vulnerable to a ransomware hack?

Small businesses often lack the security or training to prevent an attack. If you’re in finance, healthcare, or online retail, you’re more likely to be targeted. But any small company that conducts business online, stores data, or simply uses computers to manage their business is at risk.

What are some ways in which an organization would be vulnerable regarding cybersecurity?

Common types of cybersecurity vulnerabilities

1. System misconfigurations.
2. Out of date or unpatched software.
3. Missing or weak authorization credentials.
4. Malicious insider threats.
5. Missing or poor data encryption.
6. Zero-day vulnerabilities.

Which type of businesses are the most likely to be the target of a cyberattack?

Banking, credit, and financial organizations rounded out the top three (84 breaches), with government/military completing the five top targets with 49 and 45 breaches, respectively. Energy and utilities are also trending targets.

Which industries are most vulnerable to IoT security threats?

The 10 Most Vulnerable IoT Security Targets

• Industrial Facilities.
• Cars.
• Video Cameras.
• IoT-Enabled Spying and Potential for Cyberwarfare.
• Power Grids and Utilities.
• Buildings.
• City Infrastructure and Transportation Networks.
• Medical Devices and Hospitals.

What companies were affected by the ransomware?

Here are 10 of the biggest ransomware attacks through the first half of 2021, in chronological order.

• Buffalo Public Schools. In 2020, attacks on the education sector rose significantly.
• Acer.
• CNA Financial.
• Applus Technologies.
• Quanta Computer.
• ExaGrid.
• Colonial Pipeline Company.
• Ireland’s Health Service Executive (HSE)

What are the biggest threats to a company’s information security?

This article will cover the top 5 security threats facing businesses, and how organizations can protect themselves against them.

• 1) Phishing Attacks.
• 2) Malware Attacks.
• 3) Ransomware.
• 4) Weak Passwords.
• 5) Insider Threats.
• Summary.

Which industries are most likely to pay ransomware?

Businesses in industrial goods and services are still the most popular target for ransomware attacks, but cyber criminals are increasingly diversifying which organisations they’re extorting.

Is your business prepared for cyberattacks caused by remote workers?

For businesses, supporting social distancing has meant a significant shift to a remote workforce, and many businesses were not prepared for cyberattacks. In a recent study, Malwarebytes found that 20\% of companies surveyed said they had faced a security breach as a result of a remote worker.

What are the biggest threats to cybersecurity in 2020?

For one, cyberattacks such as those using ransomware are growing in sophistication and scale. With ransomware attacks in 2020 during the pandemic, mature hacking groups like Evil Corp are going after large businesses, including Fortune 500 companies.

Are cybercriminals targeting SMBs?

Cybercriminals have their sights set on “big fish” in various industries, as seen with attacks on Garmin, Blackbaud, Magellan Health and others. However, SMBs and “mom and pop shops” should not let their guard down because smaller and less mature hacking groups also target these organizations.

What will the cybersecurity industry look like in 2021?

Cybersecurity experts predict that in 2021, there will be a cyberattack every 11 seconds, costing the global economy $6.1 trillion annually. Even if the world emerges from the pandemic in 2021, cyberattacks will continue and increase.