Types of Cyber Attacks Organizations Must Be Prepared For

Technology has opened up new avenues and brought the world much closer. However, on the flip side, it has opened the gates to possible thefts and hackers lurking around to target your organization. Whether you are a small organization or a large one, everyone is prone to cyberattack that can lead to disruption of day-to-day business, corporate espionage, identity thefts, data and information thefts etc.

A cyber-attack can be defined as attacks that are unwelcome in nature with the intention of attempt to steal, expose, alter or destroy data or information through unauthorized access to computer network and systems.

Some common types of cyber-attacks that happen often are listed below. It would be wise to be aware of these types of cyber-attacks and be prepared when they happen.

Malware Attacks
A malware is a code or software that, when it enters a computer system, can render it inoperable. This is the most common type of cyber-attacks. Malwares, also known as malicious software, get installed in a computer when the user clicks on a dangerous link or email without knowing about it. Once it is installed, a malware can completely damage the system and gather information and then completely delete it or destroy it.

Ransomware is a type of malware attack, where once the malware is installed in the computer or network, the attacker blocks off the data. He then demands a ransom in return for unblocking off the data. He may even threaten to delete the data if the ransom is not paid.

Sometimes we get communication from legit looking sources like banks or credit card companies etc. asking for some sensitive information. If the person receiving such emails, responds to it, then it is a case of phishing. Phishing is a type of cyber attack where the user is tricked into revealing sensitive information like credit card details, bank account details, passwords, ATM pins etc. to sources believed to be genuine.

Whale Phishing
Whale phishing is a type of phishing that targets high profile employees or management staff like CEO, COO, CFO etc. These are the people in the organization with highly sensitive information on their computer.

Trojan Horse Attack
Derived from the Greek story of Trojan horse that led to the downfall of the city of Troy, a Trojan Horse malware too stealthily installs itself on a computer and network and brings its downfall. Trojan Horse is a code, file or program that is packaged and delivered through legitimate software, but once they are installed on a computer, they attack the network. These types of attacks are mostly used as corporate espionage or spy or to steal company data.

Considering all these kinds of threats that can destroy an organization’s data, information and reputation, it is important to safeguard oneself against such malicious practices. Training employees regularly, conducting workshops and threat programs regularly, maintaining compliance, regularly updating systems and software, setting up a good backup system can be some of the best practices to protect your organization from cyber threats.