July 30, 2021
Topmost 9 Critical Cyber Threats

Topmost 9 Critical Cyber Threats

Loris MillerJuly 30, 2021, , ,

Anyone online is at risk of a cyberattack. That risk bar goes higher up the more significant and profitable your online business. That being said, most businesses and a large percentage of our personal and professional lives are connected in the online world. This means we need to know how to protect ourselves from such threats, and for doing that, we should know what about these invisible threats.

To help you out with your online protection, the experts have explained the topmost cybersecurity threats you need to look out for;

1. Cryptojacking

“The cryptocurrency trend has a number of implications for cybersecurity. Cryptojacking, for example, is a practice in which cybercriminals use third-party computers at home or at work to 'mine' for bitcoin. Because cryptocurrency mining (for example, Bitcoin) necessitates massive quantities of computer processing power, hackers can profit by discreetly piggybacking on other people's systems. Cryptojacked systems can cause major performance difficulties and costly downtime for businesses as IT attempts to trace down and resolve the problem.”

Eric Carrell, Chief Marketing Advisor SurfShark

2. SQL Injection

“SQL injection is a sort of attack that targets SQL databases only. SQL statements are used to query data in SQL databases, and these statements are commonly executed through an HTML form on a webpage. If the database permissions aren't established correctly, the attacker might be able to use the HTML form to run queries that create, read, change, or delete data from the database.”

Veronica Miller, Cybersecurity Expert, VPNoverview

3. Business Email Compromise (BEC)

“In a BEC attack, the attacker targets specific persons, usual employees with authority to make financial transactions, in order to dupe them into transferring funds to an account controlled by the attacker.

“In order to be successful, BEC attacks normally require extensive planning and research. Any knowledge about the target company's executives, employees, customers, business partners, and potential business partners, for example, will aid the attacker in convincing the employee to hand over the funds. BEC assaults are one of the most expensive types of cyber-attacks.”

Eric McGee, Senior Network Engineer TRGDatacenters

4. Cross-Site Scripting (XSS) Attacks

“Cross-site scripting attacks are similar to SQL injection attacks in that they infect other users who visit the site rather than taking data from the database. A basic example would be a webpage's comments area.

“An attacker can publish a malicious script concealed in the website if the user input isn't screened before the comment is published. When a user hits this page, the script will run and either infect the user's device, steal cookies, or possibly even take the user's credentials.

They could even simply redirect the user to a malicious website.”

Timothy Robinson, CEO of InVPN

5. AI-Powered Attacks

"The use of Artificial Intelligence to launch sophisticated cyber-attacks is a terrifying possibility, given we have no idea what such attacks will be capable of. The most well-known AI-powered attack to date featured the use of AI-powered botnets that used slave PCs to launch a massive DDoS attack. However, we can expect far more complex attack vectors in the future.

“AI-enabled software can learn which approaches are most effective and change their attack strategies accordingly. They can scan systems for potential vulnerabilities and leverage intelligence feeds to swiftly discover software problems. To impersonate company officials, AI-generated text, audio, and video will be used, which can be leveraged to conduct incredibly convincing Phishing attacks. AI-powered attacks, unlike humans, can operate 24/7. They are quick, efficient, cost-effective, and versatile.” (Darshan Somashekar)

6. Malware

“Malware is a sort of program that can be used to carry out a range of malicious functions. Some malware strains are designed to gain persistent network access, while others are intended to spy on the victim in order to obtain credentials or other useful information, while others are just designed to cause disruption.

“Some malware is designed to extract money from the victim in some way. Ransomware is one of the most well-known types of malware. It is a virus that encrypts the victim's files and then demands a ransom in exchange for the decryption key.”

Darshan Somashekar, Founder & CEO, Solitaired and  Spider Solitaire Challenge

7. IoT-Based Attacks

“IoT devices are less secure than most modern operating systems, and hackers are eager to take advantage of their vulnerabilities. The internet of things, like artificial intelligence, is still a relatively new idea; therefore, we have yet to see what tactics cybercriminals will employ to exploit IoT devices and for what purposes.

“Hackers might go after medical equipment, security systems, and smart thermometers, or they could try to exploit IoT devices to conduct large-scale DDoS attacks.” 

Steve Scott, CTO at Spreadsheet Planet

8. Eavesdropping Attack

“An eavesdropping attack, also known as 'snooping' or 'sniffing,' occurs when an attacker searches for unsecured network connections to intercept and access data being transferred across the network. Employees are required to use a VPN when accessing the corporate network from an insecure public Wi-Fi hotspot for this reason.”

Eric Rohrback, CMO Hill & Ponton

9. Patch Management

“Numerous attacks begin with out-of-date software. As a result, failing to keep up with software patches exposes businesses to a variety of data security vulnerabilities. Once an attacker becomes aware of a software vulnerability, they can use it to conduct a cyber assault. 

“Two large-scale cyberattacks that began in May 2018 exemplify this cybersecurity trend. The attacks took advantage of a significant vulnerability in Microsoft's Windows operating system known as Eternal Blue. Notably, Microsoft had patched the Eternal Blue vulnerability two months prior. Organizations that did not keep their software up to date were left vulnerable. Millions of dollars were lost as a result of a simple gap in software updates.”

Lee Grant, CEO at Wrangu

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