Written by Neelesh Kripalani, Chief Technology Officer, Clover Infotech
The emergence of AI and machine learning technologies is creating new challenges for cybersecurity as businesses deal with a constantly changing and increasingly hostile threat environment.
While these technologies offer the potential to transform security strategies, they also introduce new risks and vulnerabilities that need to be managed effectively.
Here are some of the latest cyber threats that businesses need to be aware of.
Cyber threats that companies should be aware of
Targeted ransomware attack – This type of malware is designed to hold the victim’s information for a ransom. This tactic involves denying users or system administrators access to individual files or entire digital networks, and then issuing a “ransom note” demanding payment to regain access.
IoT creates new cybersecurity threats – The Internet of Things (IoT) enables billions of physical devices around the world to collect and share data over the Internet. This expands the attack surface with diverse and poorly secured devices, creating new cyber threats. Common issues include default credentials, lack of regular updates, and data privacy concerns due to widespread collection and transmission of sensitive information.
Deepfakes and synthetic media attacks – These cyberattacks use AI to manipulate content such as photos, videos, and recordings to deceive individuals or influence public opinion.
Credential stuffing and brute force attacks – Credential stuffing and brute force attacks involve automated attempts to gain unauthorized access to user accounts using stolen or guessed credentials.
Cybersecurity best practices
Here are some key strategies and best practices that businesses can implement to strengthen their overall security posture.
Risk assessment and management – Perform comprehensive risk assessments to identify vulnerabilities and prioritize based on potential impact. Implement risk mitigation strategies to address identified vulnerabilities and reduce overall risk levels.
Implement strong authentication and access control – Add an extra layer of security by requiring users to verify their identity using multiple factors such as passwords, biometric data, and OTP. Additionally, role-based access control allows enterprises to restrict access to sensitive information and critical systems based on users' roles and responsibilities.
Regular software updates and patch management – Regularly update and patch all software, operating systems, and firmware to address known vulnerabilities and reduce the risk of exploitation.
Implement endpoint security measures – Deploy endpoint protection platforms and endpoint detection and response solutions to protect endpoints from malware attacks.
Implement data encryption and privacy measures – Encrypt sensitive data at rest and in transit to protect against unauthorized access and data breaches.
Implement security awareness and training programs – Provide regular cybersecurity training and awareness programs to educate employees on cybersecurity best practices, phishing awareness, and the importance of strong passwords. Conduct regular incident response training to prepare employees for potential security incidents and ensure a coordinated and effective response.
In the face of evolving cybersecurity threats
businesses must adopt enhanced strategies such as comprehensive risk assessments, strong authentication, regular updates, and employee training to protect their assets and critical systems.
Proactive measures and a culture of cybersecurity awareness are essential to effectively reduce risk, ensure compliance, and protect an organization's reputation and business continuity in an interconnected world.
Disclaimer: The views and opinions expressed in this guest post are solely those of the author and do not necessarily reflect the official policy or position of The Cyber Express. The content provided by the author is the author's opinion and is not intended to defame any religion, ethnic group, club, organization, company, individual, or any other person.
