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In recent years the nature of cyber security threats has changed, from isolated attacks on information systems to intentional, targeted and sophisticated cyber threats at individual, institutional or even national level.

A host of new and evolving cyber security threats now have the information security industry on high alert. Sophisticated cyber-attacks involving malware, phishing, machine learning and artificial intelligence, cryptocurrency have placed the data and assets of corporations, governments and individuals at constant risk. Computer security threats are relentlessly inventive these days. Working as masters of disguise and manipulation, these threats constantly evolve to find new ways to annoy, steal and harm. Organizations need to arm themselves with information and resources to safeguard against complex and growing computer security threats in order to stay safe online.
Some attacks which cause businesses to lose millions due to unpreparedness include the following:
Phishing Attacks
Phishing attacks, in which carefully targeted digital messages are transmitted to fool people into clicking on a link that can then install malware or expose sensitive data, are becoming more sophisticated. Now that employees at most organizations are more aware of the dangers of email phishing or of clicking on suspicious-looking links, hackers are upping the ante. For example, using machine learning to quickly craft and distribute convincing fake messages in the hopes that recipients will unwittingly compromise their organization’s networks and systems. Such attacks enable hackers to steal user logins, credit card credentials and other types of personal financial information, as well as gain access to private databases.
Ransomware Attacks
Ransomware attacks are believed to cost victims billions of dollars every year, as hackers deploy technologies that enable them to literally kidnap an individual or organization’s databases and hold all of the information for ransom. The rise of cryptocurrencies like Bitcoin is credited with helping to fuel ransomware attacks by allowing ransom demands to be paid anonymously.
Crypto Jacking
The cryptocurrency movement also affects cyber security in other ways. Crypto jacking is a trend that involves cyber criminals hijacking third-party home or work computers to “mine” for cryptocurrency. Mining for cryptocurrency (like Bitcoin, for example) requires immense amounts of computer processing power therefore hackers can make money by secretly piggybacking on someone else’s systems. For businesses, crypto jacked systems can cause serious performance issues and costly down time as IT works to track down and resolve the issue.
State-Sponsored Attacks
Beyond hackers looking to make a profit through stealing individual and corporate data, entire nation states are now using their cyber skills to infiltrate other governments and perform attacks on critical infrastructure. Cyber crime today is a major threat not just for the private sector and for individuals but for the government as well as nation as a whole. As we move into 2019, state-sponsored attacks are expected to increase, with attacks on critical infrastructure of particular concern.
Computer Virus
This is perhaps the most well-known computer security threat. A computer virus is a program written to alter the way a computer operates, without the permission or knowledge of the user. A virus replicates and executes itself, usually doing damage to your computer in the process.
Hackers and Predators
People, not computers, create computer security threats and malware. Hackers and predators are programmers who victimize others for their own gain by breaking into computer systems to steal, change, or destroy information as a form of cyber-terrorism. These online predators can compromise credit card information, lock you out of your data, and steal your identity. As you may have guessed, online security tools with identity theft protection are one of the most effective ways to protect yourself from this brand of cybercriminal.
One thing the experts agree on is that cybercrime is here to stay in fact, as our dependence on technology continues to grow, it may even be getting worse hence there arises a need for training before it gets worse.
Invest in Security awareness training
Security awareness training is a method of educating people of the dangers of phishing or other online scams and should be mandatory for every organization or the nation. Below are seven benefits of training your organisation:
Training reduces errors: A recent study showed that 80% of breaches are caused by employee carelessness or lack of awareness. If a program is implemented to teach them about common scams, such as email attachments that contain malware or phishing emails that steal personal information, they are much less likely to accidentally click links or open files.
Training enhances security: With cautious employees using strong passwords, flagging suspicious emails, and alerting supervisors about unusual communications or activity, the company itself becomes less vulnerable.
An educated staff increases compliance: As cyber crime continues to wreak havoc, regulations continue to be implemented to protect data. While some are mandatory (particularly in industries such as banking and healthcare), failure to have adequate safeguards can possibly lead to lawsuits and/or fines.
Security training can help protect a company’s reputation (and possibly save the company itself): A security breach can destroy confidence in your brand, causing consumers or clients to flee in droves.
Education helps morale: Scams are increasingly sophisticated and many employees are embarrassed that they don’t know much about security or what to do to stay safe. A security awareness training program can educate everyone discreetly, enhancing job satisfaction and employee retention along the way.
Training saves time and money: It takes on average more than 7 months to identify and recover from a successful cyber-attack.  While, one study shows that 60% of small businesses go under within 6 months of a successful attack.
Fortify your company’s protection against cyber security attacks through Dandemutande, which offers expert training to safeguard your organisation. Contact sales@dandemutande.co.zw for training solutions for your business.
Kevin Ngalonde is a Pre-Sales Engineer at Dandemutande Investments. Contact sales@dandemutande.co.zw to get the right solution for your business. Also visit our website on www.dandemutande.co.zw
 

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