Top cybersecurity pitfalls
In an age inundated with online devices, data digitisation and hyper-connectedness, it is more important than ever that companies appreciate the importance of protecting their data, and the financial repercussions they may face if they do fall victim to a breach. Companies that have never dealt with data security issues cannot fully anticipate the impact it can have on the sustainability of the business.
What are cybersecurity threats?
A cyber or cybersecurity threat is a malicious act aimed at damaging data, stealing data, or disrupting digital life in general. Cyberattacks include threats like computer viruses, data breaches, and Denial of Service (DoS) attacks. Cybersecurity thus refers mainly to protecting Internet-connected systems, including hardware, software, and data, from cyberattacks. Cyberattacks involves the following:
- Data theft
- Ransomware installation
- Data corruption
Businesses often find that the effects of any of the abovementioned attacks cause serious problems which they can find difficult to deal with if they arise. Although most companies have adequate cybersecurity measures in place to protect against these attacks, every organisation needs a cybersecurity policy that is not only implemented, but also updated regularly to ensure continued data protection.
Data refers primarily to the customer, transactional and businesses processes that are stored on a company’s computer systems. Data is thus one of the most critical assets of any company and by its very nature, is the target of cybercriminals and predators. Adequate protection does not only involve the latest software, but also employee education and an understanding of the most common cybersecurity pitfalls.
Common cybersecurity pitfalls
The six most common external threats that may compromise the cybersecurity of a company include:
It is often the case that employees use simple passwords and the same one across multiple accounts and platforms. Compromised user credentials is one of the most common methods of data being breached. Research shows that 81% of hacking breaches occur when a person’s login credentials are compromised.