7 Biggest tech security threats to watch out for in 2023 – timesofindia.com

Malware is like a digital chameleon, changing its form to sneak into a company’s systems. Attackers create malware with hidden backdoor access, giving them the power to control, send spam, or explore the company’s network, posing an ongoing danger to the organisation.

Phishing is an ongoing problem causing significant financial losses in the United States and worldwide. Cybercriminals employ clever tricks to trick people into installing malware without their knowledge, leading to the theft of sensitive information like login and credit card details. These tactics can bypass security measures, allowing attackers to secretly access company data.

Smishing is like phishing but uses text messages instead of emails. Attackers pretend to be a trusted source, using this to get access to private information on mobile devices. If the compromised mobile devices are connected to a company network, the attacker can steal customer and staff data and release source code.

Unintentional sharing of sensitive information by employees can greatly impact a company. These actions are usually not driven by ill intent or greed but can result in significant financial harm. Even minor mishaps, like sending an email to the entire organisation by mistake, can lead to serious consequences, especially in businesses with many employees who can access important databases.

Ransomware is a serious threat to businesses. When this malicious software infects your system, it locks important files and demands a ransom for their release. Getting back your private data and regaining control of your systems depends on paying the ransom as demanded by the attackers.

Business email compromise (BEC), or email account compromise, is one of the costliest cybercrimes. In this scheme, hackers gain access to business emails, often as the first step in a complex scam. They infiltrate corporate systems, steal information about payment processes, and defraud the company in the process.

Many employees in your organisation have access to a lot of sensitive information, creating an ongoing worry about insider threats. These threats are responsible for a significant portion of data breaches, and they can come from current or former employees, associates, or contractors. When fueled by grudges or hostility, individuals from within the organisation can present a substantial risk.