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What Are Business Logic Vulnerabilities And How They…
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Sept 25 2021
Cybersecurity awareness is the combination of both knowing and doing something to protect a business’s information assets. When an enterprise’s employees are cyber security aware, it means they understand what cyber threats are, the potential impact a cyber-attack will have on their business and the steps required to reduce risk and prevent cyber-crime infiltrating their online workspace. it’s crucial to highlight that these were the strains that cyber security companies had found and identified. As new strains of malware grow, enterprises need to ensure that they’re implementing the appropriate security measures, educating their employees and eliminating any weaknesses that make them vulnerable to an attack. Human error is an egregious exploit that can lead to fines and severe business damage.
In today’s era, most of the organizations have shifted their businesses online. Many of the services are present on cloud. Customers are accessing services on applications and websites. It is, therefore, very important to ensure the cyber security of an organization. For more than a decade, organizations have been investing in traditional cyber security measures like Firewall, sophisticated IT protocol, comprehensive cyber security defence etc. It becomes extremely important for organizations to strengthen the most vital and crucial link of an organization’s cyber security; its employees.
For stealing sensitive and confidential information: including thefts of source
codes, employee details, client details, contractual information as well as other confidential
data. Cyber-attacks have cost more than $600 billion in a year.
For monetary benefits: In recent years, organizations have been hit with an
increasing number of ransomware attacks. The main motive behind an increase in this number is
because of the financial gains that attackers have. They demand ransom and many organizations
unwillingly pay the ransomware. One of the recent cases includes the case of Riviera Beach. It
is a small city with a population of about 35,000 people. The city became the latest government
to be hit by ransomware attacks that have forced the authorities to pay ransom amounting to
about $592,000 in order to restore their networks
To damage the reputation of an organization: Organizations may still recover from a financial loss but any harm to its reputation can destroy it completely. Customers start losing their trust in the organization thus, harming the organizations’ reputation permanently.
Every employee in the organization is a probable target when it comes to cyber-attacks. Cyber attackers
have different attack methodology for different level of employees, therefore, increasing the scope of
probable victims. As per the statistics, 90% of the cyber attacks are a result of employee negligence.
Two-third of the employees have admitted that they have very limited knowledge of cyber security. One-
third had a very blurry knowledge about ransomware whereas half of the employees were unable to
recognise the concept of point-of-sale malware. In fact, a survey found that 97% of the employees could
not even identify phishing attack.
To worsen the situation, less than half of the organizations find themselves ready to fight
cyber-attacks along with the increasing sophistication and the advancement in cyber-attacks. Hackers are
constantly evolving their approaches and deployment methodology and thus, organizations should
constantly upgrade their defence training to keep the vulnerabilities low. Cyber security and awareness
training helps organizations in training and educating employees about different threats and the
methodology used by attackers to deploy various cyber-attacks. Tools like ThreatCop help in developing a
defence mechanism against cyber attacks with its four-step cycle that includes simulating cyber-attacks
and learning modules related to them. Organizations have seen up to 72% reduction in the cyber-attacks
with appropriate cyber security training. With periodic learning modules, employees can gradually rewire
themselves to identify cyber threats and defend themselves against real life cyber-attacks.
Hackers will always try and find a vulnerability, and when they do you need to make sure you have the
resources and knowledge to detect their activities as quickly as possible. This way, you can contain the
damage and get back to normal business without experiencing a massive loss event. Implementing a
security information and event management (SIEM) solution will aggregate logs from applications,
operating systems, and network infrastructure appliances across the enterprise. It will then analyse the
data to identify any questionable activity and flag it to the appropriate people.
It’s clear that the weakest link in cyber security is the human factor, and if your employees are unable
to make an informed and educated decision about something as simple as what network to connect to or
which email attachment to open, you’re at risk of a potentially devastating cyber-attack. Your
business’s cyber security is only as strong as your weakest employee - it is your responsibility to
create a risk aware workplace culture surrounding cyber security awareness.
With us, you can strengthen the security system of your organization and add financial value to the business.
Very urgent? Call us at +1 657-221-1565
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With us, you can strengthen the security system of your organization and add financial value to the business.
Very urgent? Call us at +1 657-221-1565
Invalid Name
Invalid Email
Invalid Phone Number
This can't be empty