A cyberattack is defined as ‘an attempt by hackers to damage or destroy a computer network or system’, and the severity and impact of these attacks has only escalated in recent years. With the improvements in technology, hackers are becoming increasingly more sophisticated, and can cause organisation’s more damage than ever before.
Common types of cyberattack that you might have already heard of:
Malware: Using malicious software, viruses, and ransomware to breach a network, and this can be done using infected email attachments or links.
Phishing: This is a common practice used to steal sensitive information such as card details and personal data, and usually comes in the form of an email, with the sender disguised as a reputable source.
What affects can these attacks have on your organisation?
Depending on the type of organisation and its size, the affects of a cyberattack can vary. Generally, a fairly severe attack can cause financial loss for the business, with loss of revenue due to business operations being forced to stop, theft of financial information such as credit cards and bank account information, and theft of corporate information.
As well as the financial impact, organisations often find themselves at risk of fines and sanctions after a cyberattack. With strict data protection and privacy laws requiring you to manage the security of the data you are collecting, a cyberattack that targets data could result in legal action if it is proven you have failed to deploy appropriate security measures to protect important data.
There is also the risk of reputational damage to an organisation after an attack. Failing to deploy affective cybersecurity measures to your own organisation may deter future customers from conducting business with you and trusting you with their custom and personal information.
The latest UK government survey showed that in the last 12 months, 39% of UK businesses identified a cyberattack, and within this group:
- 31% estimate they were attacked at least once a week
- 1 in 5 say they experienced a negative outcome due to an attack
So how can you protect your organisation from a cyberattack?
Now you know some of the types of cyberattacks, it is important to know how to protect your organisation from being victim to one.
Some simple things you can do include:
- Provide regular cyber security training to staff
- Keep your software updated regularly
- Perform regular data back ups
- Have a disaster recovery plan
Keeping your organisation safe from threats of an attack is an absolute priority. To further strengthen your defenses, take a look at the services our partner, Glasswall, can offer. They are industry leading cybersecurity experts, and we have partnered with them to provide a full crisis management and prevention service that keeps organisations safe from attacks.