As we plunge into the new advanced era of digitization, cybercrimes have taken a major toll in posing innumerable risks. The consequences have been pretty imperative, leading the world to face ransomware attacks, online data piracy and emanation, etc. This has posed a severe threat to various governments, organizations and end users. Although it is difficult to wipe out the perils of such heinous virtual crimes, we can definitely adopt measures to curtail their effects to an extent. Cybersecurity is one such element that plays a pivotal role in controlling cybercrimes.
Over the years we have observed the drastic increase of security risks, which have been hampering the virtual world on and off. The traditional practice has been primarily to push the resources to focus on critical system elements, thereby leaving the minor ones unattended. In order to tackle the current situation, organizations are recommending a more enthusiastic and robust approach.
Let us take a quick glimpse at some of the cyberattacks in the recent past:
- WannaCry: In May 2017, this blatant ransomware attack surfaced, impacting a couple of computer networks across the globe. This crypto worm infected a number of high-profile organizations and wreaked havoc on numerous health services, causing a massive delay in medical procedures.
- Zomato Hacked: Another major security breach was reported by Zomato in 2017, with over 17 million user records stolen from the company’s database. Reports say that some of the user credentials were traded to the dark web marketplace; however, the company released a note stating that no payment information was breached in this incident.
- Petya/Non-Petya: Yet another ransomware attack emerged in 2017 affecting banks, pharmaceutical companies and public transport. This attack also triggered a major global impact and proved deadlier than other ransomware attacks.
- HBO Hacked: In November 2017, the HBO system was hacked, which resulted in the online leaking of episodes of its popular series Game of Thrones. The hacker stole unaired episodes of the TV drama and reportedly demanded a ransom of $6 million; however, no further detailed were divulged by HBO in this context.
Cybersecurity Impacts and Predictions for 2018
Attacks on mobile devices: With the advent of widespread cyberspace usage, mobile devices are most susceptible to cyberattacks. The downloading of applications from various sources has aggravated the risk and made devices more prone to virus attacks; hence, Google has recently taken measures to remove malicious content from its Play Store.
Extensive use of artificial Intelligence (AI) and machine learning (ML): AI has proven instrumental in averting and repulsing sophisticated cyberattacks – it helps with smart detection of incidents at an early stage.
How has AI leveraged cybersecurity experts in fighting cyber risks? In the recent past, we have seen the most sophisticated and impactful cyber risks that have exploited businesses across the globe. The implementation of AI systems has presented considerable benefits to cybersecurity professionals and enabled them to adopt dynamic approaches to respond to various cyber risks.
Often, AI systems have classified risks on the basis of threat. These systems are accurate and ensure proper systematic solutions to fight cyberattacks. Each threat is addressed in the most appropriate and convenient manner. AI has its limitations, too. These systems are evolving and need to improve over time. Cybersecurity professionals are, therefore, continually trying to drive the force towards automation to not only save time but also enhance job performance in the most effective manner.
Nevertheless, AI systems can address the respective issues and protect your business from the vicious attack of cyber terrorists to an extent.
Here are a few measures your organization can take to mitigate cyberattacks:
- Employee agility: Every employee should be well trained in the different company policies and information security in particular and how to deal with cybersecurity incidents. Staff should understand the impact and outcome of a potential security breach within the system.
- Early detection and identification: It is important that the IT security team be vigilant in detecting and identifying malicious attacks at an early stage to prevent leaking of crucial data.
- Discard and recover: Once a threat is detected, the team must identify the impact and take necessary precautionary measures to block all active infected processes by the attacker. Once the infected hosts are removed, the team should conduct an assessment to recover the valuable data and protect it from subsequent similar cyberattacks.
- Be conscious and proactive: Enterprises should be alert about the possible cyber risks, investigate any potentially malicious content and adopt measures to prevent further cyber intervention.
Cybersecurity is vital for every enterprise. In 2017, many enterprises and users have faced the perils of cyberattacks; every organization should understand that cybersecurity is an ongoing process and maintain close vigilance. Security experts must also be very careful and work to develop close guarded environments to prevent hackers from capitalizing on the vulnerabilities. Being vigilant is the ultimate key to maintaining security checks across multiple disciplines and protecting the organization from any possible virtual intrusion.
About the Author
Maria Thomas is a content marketing manager and product specialist at GreyCampus, with eight years of rich experience on professional certification courses like PMI- Project Management Professional, PMI-ACP, Prince2, ITIL (Information Technology Infrastructure Library), Big Data, Cloud, Digital Marketing and Six Sigma.