Today’s business is very dependant on computer system because it is one of the key for efficient business operation. The problem is, computer systems comes with all risks you need to be prepared for. One of the real concerns is cyber risk or cyber threat. Cyber risks can impact your business in so many ways. A cyber loss can damage your business in so many ways such as hurt your business operation, lose customers, etc. It can financially damaging as well.
Cyber risks you should avoid at all cost
There are many types of cyber risks that can threaten your business such as property destruction, threat of data loss, ransom demands, It hack, etc. Experiencing all those potential threats can result in costly disruption as well as harm your brand’s reputation. Developing cybersecurity is essential for any kind of business that rely on computer system. And here are some of the most common cyber risks your business should avoid:
Internal cyber risks
Internal cyber risks come from your employee. Some of the most common internal cyber risks include your former or current employees sabotaging and stealing the data of your company. They may do it to disclose the information to the public or hand it to the other parties for money. There are many potential scenarios and intention for this kind of case.
It can be also something your employees do accidentally. For example, they leave their system opened without logging off first, giving opportunity to other irresponsible people to take advantage of the situation. Sometimes, employees are not aware of the risks they have by having the access to the company’s system. Therefore, it is important to educate, inform, and develop your staffs to be more aware of cyber risks and train them how to prevent and deal with those threats.
External cyber risks
External cyber risks are when people from outside your company seek to illegally use data for various purposes. This kind of threat can halt business operation. The problem with external cyber risk is that it is not so easy to track where they come from. For example, malware attack, it can be sent by hackers to purposely attack your system so they can execute unauthorized actions.
There is also a risk of malvertising. It is where malware is planted into the system to redirect users to malicious websites. The users’ data are mined for further ad targeting, causing further damage. And there is also ransomware. This is the kind of malware that locks up the system operations of your business. It make the renders website and system unusable until the ransom is paid as demanded by the perpetrators.
To avoid being the victim of cyber attacks, make sure to regularly update your computer system as well as security programs. Encrypt data for safer data storing and accessing. It is also essential to protect unbound data so it won’t be easily stolen. Then, train your staffs to be more knowledgeable and skillful in dealing with potential security threats.