The frequency and the sophistication that cybercriminals use today are overwhelming for both small businesses and big companies. In fact it is no longer enough to talk about if you will become a victim but when. Knowing this ugly reality and the risks of malware and related cybercrime like phishing, hacking and ransomware, what should every internet user do to avoid it?
It is true that tech experts are usually coming up with tech remedies to cybercrime but it has not been enough to stop the tech-savvy criminals out there. This means that there is more that you can do as an individual do to prevent cyber-attacks and fraud from ruining your business.
The current state of cyber threats
With every new innovation, it is certain that new threats will emerge. Individuals and companies experienced about 90 million cyber- attacks in the year 2016 and the numbers of these attacks are expected to double in 2017. If that does not spell a looming internet disaster, then the entire tech world must be sleeping.
Today, there is increased use of internet enabled devices like internet-of-things (IoT) and self-driving cars and cyber crimes targeting these devices are certain to increase. As data become the engine that drives businesses, cyber criminals are targeting it with every tech weapon in their possession because this is what is driving the black market of data trade.
Industrial control systems are also under threat since majority of them were not designed to deal with cyber insecurity.
Common forms of cybercrime
You wake up one morning and head to your business location. Upon opening your computer, you receive a message that all your files have been encrypted and you need to pay a certain amount of money in order to get them back.
You ask around and you are told that there is no tech available that can decrypt the data for you. At this level, you are left with only two options: to pay the ransom fee or say goodbye to your files for good. You also realize that even if you decide to pay, there is no guarantee that you will get your business files back. Without a data backup in place, you will need to start everything from scratch which is a total setback.
The above situation just shows the dangers of becoming a victim of one of the common form of cybercrime known as ransomware. Other forms of cybercrime include:
- E-commerce fraud transactions
- Computer viruses and so on.
How to protect your business from cybercrime
With all these dangers that are staring at IT consumers on their faces, who is responsible for stopping them: the government, tech innovators or simply you as an individual or business entity? The truth is that every stakeholder has a part to play in tackling cybercrime menace.
The government has to go for these criminals and prosecute them although it has failed miserably in identifying and locating majority of them. At the same time, tech experts have to constantly come up with tech that disrupts the acts of fraudsters like anti- malware software and phishing protection among many others.
As for you, you need to start by identifying the current state of cybercrime and then understand the concepts that these crimes operate on. It does not stop there because you will also need to know the specific attacks that cybercriminals can launch against you and come up with a strategy to counteract them.
Cybercrime is a real threat to your business existence and as you continue to embrace new tech, you need to know that they too come with new threats.