Today’s modern era welcomes thousands of techno-innovations, discoveries, and inventions. Smartphones and easily accessible cloud technology has made everything possible in current times. From ordering food to protecting billions worth of data, now everything can be done with a simple click.
But sophisticated technology has also made stealing and fraudery thousand times easier for the money hungry hackers. Cue Wannacry ransomware disaster that crippled millions of systems in a matter of hours. The impact was huge, costing 150+ countries over the globe with multiple billion dollars.
No wonder global cyber attacks are also compared with natural disasters in terms of infrastructure loss.
The worst scene, honestly, is when you are under a cyber attack and you are completely unaware of it. Unfortunately, this situation is neither uncommon nor exaggerated. Studies show that more than two-thirds of the companies under any cyber attack (expect the global ones) realize it days, or even months after it was first instigated.
In one case the attack was realized after 2,982 days. Shocking, right?
Also, if you do find out about the attack now, chances are that you have been under the hacker’s mercy for months. You’re being robbed under your nose and you have absolutely no idea!
Why does it take months for the attack to be known, though?
It is because today’s hackers are highly particular and stealthy. They like working slow but sure, targeted and extremely data focused. They want to get exactly what they want, no matter how long of a commitment it requires. Data-greedy hackers can’t be satisfied with anything less and modern technology helps them do exactly that!
It all sums down to a question- is your enterprise really under a cyber attack or it’s just a regular hacking/phishing attempt? Let’s learn more.
Industries Most Vulnerable to Cyber Attacks
With most of the business factors getting controlled by internet and cloud based solutions, the risk of losing the essential grows by a hundredfold. Sure, it eases the accessibility and the storage troubles, but you are legit handing up all your crucial data in hands of an unknown system, away from you, and you don’t know if anybody can find out ways to breach it.
It’s a scary thought indeed.
Additionally, the IT systems and understanding the infrastructure and cyber security systems is getting more complex by the day. Organizations are giving their best to protect themselves from such cyber breach attempts, often throwing in a big chunk of their budget to save their data.
The situation is, however, pretty crucial for certain industries. Sensitive data is on a risk and one loophole can cost them hefty money and client trust. Some of such industries include:
1. Financial Institutions
FI’s, of course, are and have always been under the sharp eye of the hackers. Most of the money is here, and who wouldn’t want to gain access to millions of credit card credentials or bank information details.
If we look at the data, The Federal Reserve reported a total of 5 cyber breaches in the span of 5 years (2011-2015).
Additionally, several studies conducted project the attack attempts on FI’s to grow in 2017-18.
This list would have been incomplete without adding the healthcare industry, honestly. Here we have loads and loads of sensitive patient details, innovation data, medical discovery details and what not, at stake.
A goldmine for the hackers, for sure. Especially if they are focussed towards mass destruction. Cyborgs, anyone?
Data, data, and more data. The retail industry is legit a low hanging fruit for the hackers with the amount of crucial consumer data it contains with the minimum of cyber security in action. Add, the crucial credit card information and there you go!
How to Know if You Are Under a Cyber Attack
Now comes the most important factor- understand whether you are under such a malicious attack or not!
Many organizations today are equipped with crucial cybersecurity weapons and they are trained to respond to such cyber attempts smartly. But all attacks aren’t the same. There is a reason you weren’t able to detect them in the first place. One approach is just not enough for the numerous ways hackers are trying to creep into your system.
Some threats are not that complicated to detect, though. If your software are extremely out of date with less malware protection on, you’ll know where the threat is located and how to divert them in real time. Phishing attempts are easy to detect and divert too.
This isn’t the same for certain other threats, like when your network infrastructure is attacked or if insiders are at work. You need stronger protection systems and round-the-clock pattern detection and monitoring tools so you get real-time alerts of such threats. Spear phishing attempts fall easily into this category.
The situation is worse if hackers have found out a brand new way to stroll inside your system without you knowing anything. In such cases, we cannot do anything other than doing routines checks for anomalies and relying on the advanced technology to help you do so without any trouble.
All this doesn’t ask you to be paranoid. Or unprepared, for that matter. We need to gear up our cyber security measures for whatever the future entails!