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5 Common Cyber Security Threats an IT Company in Orlando Can Help You Fight

Whether you are running a multinational organization or a small shop, cybercrime is always looming in the shadows around your business. According to a study published by Accenture, the average number of security breaches in 2019 was 145, which was an 11% increase from 2018 – and a 67% increase in the last five years.

The report also states that the average cost of a cyber-attack for an organization increased from $1.4 million to $13 million. In short, a cyber-attack could put most small to medium size organizations out of business.

Unfortunately, we foresee that things are only going to get worse in the coming years. That’s why it’s imperative to educate yourself on today’s cyber threats and how to prevent them from ruining your business.

Here are the top five most common cyber threats that need to be on your radar.

1. Ransomware 

As the name implies, ransomware is a type of malware that essentially steals your data, then demands a ransom to get it back. According to Statista, there were nearly 188 million ransomware attacks in 2019 across the globe.

Cybercriminals often use a phishing email or a malicious website to spread malware that prevents legitimate users from accessing their data. Sometimes, they can exploit security vulnerabilities in your network to infect it.

Unfortunately, the most feasible choice is oftentimes to simply pay the demanded ransom to regain access to your data. Recovery can sometimes take weeks or even months – even after paying the ransom. To make matters worse, there is no guarantee
that you will be able to recover all of your data.

The (relatively) good news is that most cybercriminals tend to hold true to their word of returning stolen data after the ransom is paid. Generally speaking, if they develop a reputation for not returning data, victims won’t bother paying them.

LAN Masters, an Orlando IT support company, will provide you with advanced AI-based cybersecurity solutions to safeguard you from this threat. We use self-evolving, real-time monitoring designed to identify data anomalies caused by a potential ransomware

2. DoS and DDoS Attacks

Denial of Service (DoS) and Distributed Denial of Service (DDoS) attacks are more common than you think. The purpose of both attacks is to overload your network and paralyze it – or completely shut it down.

In a DoS attack, cybercriminals use a computer to flood your server with fake web traffic. A DDoS attack, on the other hand, is a DoS attack that comes from more than one source. Perpetrators will use several computers to overload your system.

These attacks often lead to significant downtime, which in turn, results in a serious loss of revenue. In addition to this, you will have to pay the recovery costs and rebuild customer trust in your brand. In most situations, it is extremely difficult to get 100% of your network up and running after an attack.

As a company providing outsourced IT support in Orlando, we will set up advanced network monitoring and test-run attacks to improve your cyber defense. Training and educating your employees about identifying phishing emails, fraudulent websites, and
suspicious user activity will do wonders to mitigate the risk of DoS and DDoS attacks.

3. APTs (Advanced Persistent Threats)

Advanced Persistent Threats (APTs) are sophisticated cyberattacks that penetrate deep into your network. These discreet attacks are very, very hard to detect. The purpose is to steal small amounts of sensitive data for a long period of time – without raising an alarm.

Attackers will use malware or exploit kits to quietly steal your data for as long as possible. The attack can spread from the infected network to other connected networks. As a result, these cyber-attacks will cause significant damage in the long run.

Fortunately, detecting these crimes is not impossible. APT perpetrators commonly leave behind a few signs that can help pinpoint an ongoing attack.

These signs include:

  • Unusual account activity like late night logins.
  • Unexpected data bundles.
  • Unusual information flow.
  • Among others.

Keep in mind, it takes sophisticated cyber-surveillance and network monitoring to detect and resolve APTs. You have to identify, investigate, and prevent the attack as quickly as possible. To avoid these attacks, you are wise to seek out a specialized company offering
leading-edge IT security.

4. Rogue Security Software

Rogue Security Software often uses fear tactics to mislead users into believing their computer is infected. They will commonly be asked to download a fake antimalware or antivirus tool. This fake software is actually the malware or virus – which scared users end up installing on their system.

Rogue security software often mimics an antimalware or antivirus, sending you pop-up messages about a potential cyber threat on your device. Unlike the real security software, it typically demands that you pay for the resolution.

Usually, these programs will flood your device with continuous cyber-attack alerts to try and scare you. Even after you have made the first payment, the alerts will only stop momentarily. They will soon resume, asking you to pay more. The vicious cycle will continue unless you block it. Sometimes, the attackers will flood your device with so many alerts that it will freeze your system.

Unfortunately, victims often fail to realize that it is rogue security software, not genuine.

You need proactive protection against rogue security software attacks. This involves training your employees to ensure the best security practices are followed. Your employees need to know how to detect a fake security alert and avoid falling prey to the scare tactics.

Be sure to check your system for any unauthorized downloads, browser modifications, and user account behaviors. Ask your employees to avoid accessing suspicious websites and applications at all costs.

5. Phishing

Phishing is perhaps the most common type of cyber attack your business will face. It is a form of social engineering that aims to steal user logins, passwords, and other sensitive information like credit card details and healthcare records.

In the business world, these attacks aim to steal corporate credentials, financial credentials, and sensitive user information. Attackers often use this stolen data to launch a more sophisticated attack like APT or ransomware.

Usually, the perpetrators pose as legitimate people or entities – such as a bank or a reputable institution, asking you to share your credentials. Unfortunately, once shared, your credentials will go to the malicious source, not the legitimate one.

Education is your best weapon against phishing attacks. You need to train your employees to recognize suspicious emails – including poor grammar, sketchy domain names, shady attachments, etc. Using a strong anti-spam and anti-phishing filter can help to prevent such emails from ending up in your inbox.

Never click the URLs shared via suspicious emails and never reply. You can notify your IT team of any fraudulent messages you receive or delete them after adding the email address to the blocked list.

Parting Words

Cyber threats are evolving by the day to become more dangerous and discreet.

Educating your employees and customers about the latest threats and using the latest cybersecurity measures will help to prevent these attacks.

Hopefully, learning about these five most common threats will help you stay vigilant. Feel free to talk to us about your cybersecurity needs.