In 2021, cybercriminals brought a number of cyber attacks that were highly coordinated and far more innovative than ever seen before. You might have heard of recent dreadful cybersecurity incidents causing heavy financial loss to some of the largest organizations across the globe. As the globe shifted to a remote work model and hybrid work culture in response to the pandemic, there has been a flurry of new threats that can be seen in the cybersecurity space. Cyberattacks affect everyone, but trends show that small businesses are the most common targets.
Here, we have shared 4 cybersecurity threats that small businesses should be ready to mitigate in 2022:
Companies are increasingly employing the cloud to accelerate their digital transformation journey. Regardless of the increasing cloud adoption, the security of data still remains a major worry for numerous corporations. Some common causes of cloud susceptibilities are wrong management of Remote Desktop Protocol, misconfigurations, shaky authentication, shadow IT use etc.
Internet of Things Vulnerabilities:
The Internet of Things is a network of physical devices that connect to the Internet. IT devices are vulnerable to cyberattacks, which has caused a drastic increase in cyber-attacks since 2021. The security controls on most IT devices are inadequate and provide easy access to malicious software. This allows cybercriminals to gain access to sensitive data, as well as affect other connected systems.
Double Extortion Ransomware Attacks:
The traditional story of ransomware is one of malicious code rapidly encrypting files and then deleting them if the victim does not pay. However, The Double Extortion Ransomware Attack involves hackers stealing data from companies besides encrypting files. This entails that, besides demanding a sum to decrypt data, cybercriminals can afterwards frighten to leak the stolen info if an extra sum isn’t made.
In this form of cyber attack, authorizations acquired from a data breach on one service are employed to try to log in to another unconnected service. Such cyber-attacks are growing because of the more advanced bots that concurrently try multiple logins and seem to stem from diverse IP addresses. The foremost reason why credential stuffing attacks are effective is that several users reuse the same username/password combination on different sites. If this practice carries on, there will be no stopping for credential stuffing attacks.
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