5 Cyber Risks For Companies In 2021

Cyber Security, IT

The internet increases connectivity and efficiency but numerous threats as well. In the modern world, it’s crucial to keep track of the emerging cyber risks to your business. Here are security threats you should watch out for in 2021.

1. Internet of things (IoT) attacks

There is an increase in the number of organizations implementing the internet of things to manage infrastructure, capture data, and enhance customer service. Most of these IoT devices don’t have robust security, making your business vulnerable to attack. Hackers can easily get control of the devices and leverage the IoT weakness to get access to your network.

2. Cloud breaches

Cloud infrastructure is secure, but you are responsible for implementing the cybersecurity features. Cloud misconfiguration is a leading source of a data breach. The number of data breaches will increase as more organizations opt for cloud services for supporting their remote workers.

3. Phishing

Most cybercriminals are using the Covid-19 pandemic as their theme for the phishing campaigns. Unfortunately, the phishing campaigns will continue into 2021. The objective of cybercriminals is to get unsuspecting victims to give sensitive information or click on malicious attachments.

4. Increased ransomware attacks

Cybersecurity Venture predicts that in 2021 there will be ransomware attacks every 11 seconds. It is also predicted that cybercrime will cost $6 trillion annually worldwide.

5. Cryptocurrency risks

Cryptocurrency is a hot topic in the financial sector. Almost everyone wants a piece of the crypto-action. Cyberthieves are also looking for a quick snatch in cryptocurrency.

Even though cryptocurrency is secure, there are still some risks involved. The cryptocurrency cybersecurity features may not stand up to the recent malware attacks. So, it’s one of the cyber risks to look out for in 2021.

Addressing the above threats requires you to have several approaches to security. You no longer have to be stressed about your organization’s security. Hire us, so you don’t have to worry about these risks.