What Makes Companies Vulnerable to Cyberattacks? We Explain

Companies vulnerable to cyberattacks should know the cybersecurity threats to shield against them

Cyberattacks

Cyberattacks

When we leave our home, we double-check and see if the door is locked. But mostly, we don’t do the same with cybersecurity. A lot of our devices are open to penetrate, making it easy for cybercriminals. When a cyberattack compromises your device, the level of impact is less. But when it occurs in an office space, it puts the organization and its customers’ data at risk. Simple mistakes are what make companies vulnerable to cyberattacks.

Cyberattacks are malicious and deliberate attempts by cybercriminals to breach the information system of a person or an organization. Usually, cybercriminals seek some kind of benefit from the victim’s network. Some of the common types of cyberattacks are phishing, malware, SQL injection, DDoS, and DNS Tunneling. Since organizations from across the globe started embracing digital transformation, cyberattacks have drastically surged. Over 53% of cyberattacks resulted in damages worth US$500,000 or more in the past years. Adding to the worry, lockdown and remote working came as a blow to the companies. A recent survey from Tessian found that 56% of senior technicians believe that their employees have picked up bad cybersecurity habits while working from home. Besides, the employees also agreed to the allegations. By taking company information to personal space, the organizations are already taking the risk of cyberattacks. But when employees don’t comply with regulations, they are exposing organizational data to cybercriminals. Nearly two in five admitted that their cybersecurity practices at home were less thorough than those practiced in the office. Therefore, companies vulnerable to cyberattacks should first know the cybersecurity threats in order to shield against them.

 

Lack of Strong Passwords

People fall behind in the simplest way possible. Yes! That is what happens whenever they are asked to take security measures. A basic thing that companies imply on their employees is to keep passwords safe. Most importantly, they should be strong and difficult to crack. In 2019, 23 million online accounts were still using the password ‘123456.’ If they follow the same criteria in an office environment or to access office files, they are directly exposing the company info to anybody who can type the numbers. 

 

Clicking on Threat Emails

‘From Manager’ is what a threat email displays. But many employees are unaware of the malicious content it carries and compromises their company info. On average, a person receives 235 emails every day. They at least open 10 mails out of them and unknowingly click on the attachments which could invite viruses and give cybercriminals a backdoor into their office’s digital home. 

 

Falling for Social Engineering

Usually, employees don’t use their company devices for anything more than office work. But there are some instances when they break their own accord and fall for social engineering. Social engineering is a form of business attack that manipulates people to get them to break normal security procedures. For example, the Cyberattacks attacker might pretend to be a coworker. They approach employees and ask them to give immediate access to additional network resources.