4 Cybersecurity Issues Businesses Face Every Day

With more and more cybersecurity threats on the horizon, companies have to grow increasingly alert to the risks. One mistake can cause the entire business to be compromised, leading to a swift end of the company. Implementing the latest security solutions is a must to combat these dangers and maintain a safe and secure environment to conduct business.

That being said, one of the most effective tools to combat various dangers of the online world is knowing what kind of attacks generally occur. As they say, knowledge is power, so here is a list of cybersecurity risks your business is under to help you combat them:

1. Ransomware

Malware such as ransomware has caused plenty of damages to the business world. A new victim falls into the hands of just ransomware every 14 or so seconds, making it one of the most significant issues the web has ever seen. Ransomware, along with various other malware, is responsible for productivity loss, downtime, and rebuilding that are expensive for any company to survive an attack.

If you aren't sure about what ransomware is, it is malware that encrypts data on the computer. When that happens, the victim is given the details of what they must do to decrypt them, usually in the form of sending money. Unfortunately, this never ends well, and when ransomware attacks, the best way to fix the problem is to restore the computer from a backup.

2. Endpoint Attacks

As companies move to a more remote way of doing things, more endpoints are becoming available. These endpoints act as little entrances for attackers to try and break into, meaning companies without suitable security protocols put themselves in more danger of cyberattacks.

When an endpoint attack occurs, networks are usually exposed to the attackers. Many of these attacks are generally made through personal and off-premise devices. To combat this danger, proper security standards must be met by these devices, which should be present before allowing them access to business networks. In doing so, you effectively promote a safer working environment.

3. Update Inadequacy

When dealing with software, updates are a vital part of maintaining one. These updates, sometimes also referred to as patches, contain security updates to solve issues like loopholes or vulnerabilities in the code.

Failure to update software means one thing: the company exposes itself to outside attacks. As such, setting up proper patch management is vital to protect the software and the devices that run the software.

4. Supply Chain Attacks

A supply chain attack, also called a third-party attack, is when an attacker uses a vulnerability presented by a third party to reach a specific business. In other words, it is someone else's vulnerability that has to lead to the compromise of another company.

Maintaining safety between different parties is tough, mostly because each entity is responsible for its own security measures. The only way to fight this problem is by a company spending the time to thoroughly screen a third party before working with them.

Conclusion

Other than the cybersecurity risks we've talked about above, there's a bunch more in the digital world that you need to know about. As such, we highly recommend doing more research about the possible digital risks your business is in and doing whatever it takes to combat them.

If you do not have the means to combat such dangers, we highly recommend reaching out to specialized digital security services to protect your company while you focus on business. This way, you can conduct your operations with peace of mind, knowing that your safety is in the hands of the experts.

Bracer offers enterprise-quality IT service solutions to small and medium-sized businesses that are trustworthy and transparent. If you are looking for managed IT services to secure your company, work with us today!