There would be no wrong in saying that cybersecurity is playing a pivotal role in the technology industry to fight a strong battle against cyberattacks, unauthorized access, and illicit activities. Basically, cybersecurity is the application of processes, technologies, and controls for the protection of programs, networks, systems, devices, and data from cyberattacks. 

Did you know that the average cost of a data breach was USV 3.86 million on an international scale and USD 8.64 million in the United States of America back in 2020? Such costs include the expenses of discovering data breaches, responding to the breach, the cost of downtime, lost revenue, and the long-term reputational damage to a brand and its business. 

Hackers and cybercriminals target the Personal Identifiable Information (PII) of the customers. PII includes name, address, credit card information, and national identification numbers (fiscal codes in Italy, Social Security number in the United States). After having unauthorized access to the customer’s information, hackers sell such records in the underground digital marketplaces. Compromised Personal Identifiable Information (PII) often results in the loss of customer trust, the imposition of regulatory fines, and other sorts of legal actions. 

The cost of cybersecurity breaches is evolving by leaps and bounds. Privacy laws such as General Data Protection Regulation (GDPR) and Data Protection Act (DPA) can mean significant fines for those businesses and organizations that suffer cybersecurity breaches. Not only this, but businesses of this modern age should also be concerned about their non-financial damage when it comes to data branches, such as business reputation. 

It would be wrong to believe that you are of no interest to cybercriminals. Almost every business and origination on this planet is connected to the internet, and everything that is connected to the internet needs cybersecurity. This is because a majority of cybercriminals aim to exploit common vulnerabilities rather than particular organizations and websites. 

Keep reading to understand the types of cybersecurity threats and why businesses of this tech-oriented world should majorly focus on enhanced cybersecurity protocols.  

Let’s dive right in. 

Types of Cybersecurity Threats 

Common cybersecurity threats include the following. Let’s lay our eyes on them. 

  • Domain Name System (DNS) Poisoning Attacks: This comprises a domain name system (DNS) for redirection of traffic to malicious sites. 
  • Distributed Denial-of-Service (DDoS) Attacks: This floods systems, servers, and networks with traffic to knock them offline. 
  • Crytojacking: This installs cryptocurrency mining software 
  • Foam Jacking: This inserts malicious code into online forms to have unauthorized access to the customer’s personal information. 
  • Backdoors: This permits remote access or authorized access to carry out illicit activities. 
  • Malware: This includes botnet software, ransomware, remote access trojans (RATs), spyware, Trojans, worms, and viruses. 

Types of Cybersecurity 

Following are the common types of cybersecurity measures that businesses can acquire according to their requirements. 

Application Security 

Application security includes addressing vulnerabilities. Such vulnerabilities result from insecure development processes in the design, development, and deployment of a website or software. 

Internet of Things (IoT) Security

Internet of Things (IoT) security involves securing smart devices and networks which are connected to IoT. IoT devices involve such things which are connected to the internet without human intervention. This includes lights, smart fire alarms, thermostats, and several other appliances.   

Cloud Security 

Cloud security refers to the security of applications, data, and infrastructure in the Cloud. 

Network Security 

Network security refers to addressing such vulnerabilities that leave an adverse impact on the business’s network architecture and operating systems. This includes servers, hosts, firewalls, wireless access points, and network protocols. 

Cybersecurity Checklist 

Following are the must-have security measures for these modern-age businesses to boost their cyber defenses. 

Password Management 

Let us amaze you with the fact that more than half of the UK’s population password is “123456” or “qwerty”. Organizations and businesses of every scale should mandatorily implement a password management policy that provides guidance to ensure staff uses strong and complex passwords. 

Leadership Commitment 

There would be no wrong in saying that leadership commitment is key to cyber resilience. It is difficult to enforce or establish effective processes without it. Top management and higher authorities should prepare themselves to invest in appropriate cybersecurity resources. For example, awareness training. 

Network Security 

Network security is the process for the protection of usability and integrity of a business’s data and network. Businesses should conduct a network penetration test to achieve network security, which assesses a business’s network for security issues and other sorts of vulnerabilities. 

Application Security 

A common point of intrusion for cybercriminals is web application vulnerabilities. As web and mobile applications play an increasingly crucial role in businesses, it is significant to pay attention to web application security. 

Staff Awareness Training 

One major reason for increasing data breaches is human error. It is essential for businesses to equip staff with the knowledge to better deal. And handle threats they come across. Staff awareness training will show employees how security threats affect them and assist them to implement best-practice advice to real-world situations.  

Conclusion 

Security system complexities that disparate technologies and lack of in-house expertise created can boost such costs. Organizations with a comprehensive cybersecurity strategy and governed by best practices. Automated utilizing artificial intelligence (AI), advanced analytics, and machine learning can fight cyber threats more effectively.  Reduce the lifecycle and influence of breaches when they encounter them. Businesses of this modern age should pay attention to cybersecurity protocols to attain customer trust and pave the way towards business success.

Are you looking for a software development company that provides compelling cybersecurity services and works under high cybersecurity protocols? Then ArhamSoft (Pvt) Ltd got your back. 

We offer security solutions that help enterprises via custom business solutions. Also, we provide IT outsourcing services to companies with quality, agility, and commitments. We leverage IT intellect to develop innovative software solutions. Deliver high-fidelity software solutions for mobile, web, and desktops mapped onto your unique business processes. We build, modernize, optimize and scale your business applications using the latest SDLC tools and cross-platform technologies

So without any further adieu, head towards our official website, contact us now and leverage our top-notch services today!