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HomeCYBER SECURITYThreats And Risks Of Cyber Attacks

Threats And Risks Of Cyber Attacks

Cybersecurity is the act of defending against cyberattacks. Cyberattacks are diverse, sophisticated, and sophisticated, and national-level organizations and large corporations have also been affected. Threats And Risks Of Cyber Attacks.

As a result, the vulnerability of current information protection has become a social problem, and the nation must take measures to prevent information leaks.

And now that B2B business is accelerating, it is an issue that should be prioritized as a management issue for each company.

This article summarizes cyber security measures and explains general measures and management guidelines.

Threat Of Cyber Attacks

Due to the wide variety of cyber-attacks, the current situation is that even if countermeasures are taken, they change their attack methods and slip through them, creating a cat-and-mouse game.

Therefore, it is crucial to understand that no matter how advanced countermeasures are taken, the risk will not be zero and to always be aware of the possibility of cyberattacks.

Targeted Attack 

A targeted attack is an advanced cyberattack that targets a specific organization. The reason it is possible to target with pinpoint accuracy is, for example, by searching for the friendships of the target company’s employees through SNS, etc., and sending e-mails pretending to be those people.

The malware used in this way is often created to attack targeted companies and cannot be detected by traditional antivirus.

Therefore, if infected, the first malware that invaded without knowing it will be loaded with new malware one after another, and it will be possible to operate under instructions from the outside. There is a possibility that confidential information will be accessed.

APT Attack

APT attacks are cyberattacks that take the initials of “advanced,” “persistent,” and “threat.”

APT attacks use more advanced technology and are carried out continuously among cyberattacks.

For this reason, even companies that have taken basic cybersecurity measures have reported that it is challenging to identify intrusion routes and attack methods.

Ransomware Attack

A ransomware attack is a malware that encrypts files on the network without permission and demands a ransom to unlock them.

Ransomware attacks hit large organizations such as public transportation, universities, and hospitals. At that time, several government agencies were attacked by techniques such as exploiting vulnerabilities in Adobe Flash and Microsoft operating systems.

DoS Attack, DDoS Attack

DoS attack (Denial of Service attack) and DDoS attack (Distributed Denial of Service attack) are attacks that stop programs and services by sending a large amount of access or exploiting software bugs.

The DoS attack can be prevented by blocking large volumes of e-mails or introducing countermeasure tools against DoS attacks. Therefore challenging to deal with.

Zero Day Attack

A zero-day attack is an attack that exploits a software vulnerability.

It is an attack before a security vulnerability is found in software and is made public, and countermeasures are taken, so it is very troublesome and difficult to counter.

Other Cyberattacks

There are many opportunities for cyber-attacks hidden in our daily lives.

For example, internal fraud, retiree fraud, device theft or loss, misdelivery of emails, etc., can also develop into cyberattacks.

Also, to prevent account hijacking and spoofing, the entire company or organization must reaffirm the risk and provide an appropriate education.

4 Major Risks Of Cyber Attacks

If even one accident due to a cyberattack occurs, the risks explained below will chain and cause significant damage to management.

Here, we organize and explain four types of risks that management, as well as companies and organizations as a whole, should be aware of.

Information Leak

  • personal information leakage
  • Confidential information leak

Customer and essential company information are related to trust that should never be leaked outside the company.

When information leaks occur, they can cause damage and cost a large amount of money to deal with it.

Business Continuity Risk

  • Altering or destroying data or websites
  • System down, service outage
  • fraudulent transaction

By intentionally stopping the services currently being performed on the network, the business may be forced to stop.

In addition, the contents of the website may be changed or destroyed without permission.

liability Risk

  • Compensation for information leakage and service suspension
  • Accident response

If the user intentionally suspends, compensation must provide to the company’s service that the user charges for and uses, not only the responsibility for information leakage but also the compensation for the service suspension.

It is necessary to respond within the company and to the victims.

Reputational Risk

  • Decline in corporate brand power due to loss of trust
  • loss of customers

If a customer’s personal information is leaked, the company will lose the customer’s trust in the company, and you will also lose important customers.

In addition, the company will be labeled as a company that does not manage risk, and the company will damage the corporate brand due to the loss of trust.

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