Given that we live in a digitally-ruled world, it is easy to understand why cyber crimes have been on the increase in the last decade or two. As technology changes and advances, so does the tools and tricks cybercriminals use to attack businesses and individuals online. And as such, cybersecurity has become an extremely important part of every business and home. If you do not have a cybersecurity plan in place, now is the right time to look into it.
Cybersecurity is essentially the protection of computer systems from the theft of or damage to your organisation’s hardware, software, or electronic data, as well as from the disruption or misdirection of the services they provide. Cybercriminals target organisations, businesses and individuals through several tactics and types of attacks to essentially access data and information which may lead to monetary rewards. This poses a massive threat to businesses that deal with confidential information and data and can have detrimental consequences if breached.
Fraud, identity theft, information malware, phishing scams, spam, and ransomware are all types of cyber attacks that cybercriminals rely on to access data and information, or to get control over hardware. Information theft is the most expensive and fastest-rising consequence of cybercrime. However, data is not the only target. Core systems such as industrial controls are being hacked in a dangerous trend to disrupt and destroy. Cybercriminals like hackers are adapting their attack methods as technology advances and as cybersecurity strategies and technologies evolve. There are many reasons why cybercriminals will attack an individual or organisation, but the three most common reasons are:
– Financial: This is probably the most common reason why cyberattacks take place. Cybercriminals and hackers attack because they are looking for immediate or indirect financial gain. As with most cases of crime, money will always be a strong motivator.
– Information: Attackers who target corporate information are also looking for financial gain. The attackers will use this information to blackmail organisations and individuals.
– Ego: Cybercriminals, whilst still learning and getting the hang of all of the ways they can attack individuals and organisations, may hack or attack to gain fame in their cyber-communities. They want recognition and acknowledgement. They want to show that they can defeat the best cybersecurity systems in the world. But this reason is far less common.