Cybersecurity threats are not new; however, they have gained momentum as the intensity and volume of attacks has increased in recent years. A mix of sophisticated old threats and new zero-day attacks have given rise to the need for new cyber security techniques.

In order to formulate effective cyber security strategies, it is important to understand different types of rising security threats:

1. Insecure API: API refers to Application Programing & User Interface. When an organization sources a cloud service from a service provider, the interface is not used by a single client. It is shared by numerous other users; thus, the organization cannot control the security of interface. As a client, organizations should make sure that the service provider incorporates stringent security measures starting from authentication to encryption.
2. Direct Data Center & Cloud Attacks: The cyber attackers launch these attacks by locating vulnerabilities in applications and exploiting them to enter a cloud network. Generally exploited vulnerabilities are insecure passwords and lack of proper authentication. Once the cyber attackers gain access, they can move across the applications & data centers freely. Such attacks are not easily spotted by the compromised organizations.
3. Crypto-jacking: As cryptocurrency is gaining popularity, cryptocurrency attacks are also rising. Crypto-jacking is the term used for unauthentic use of someone’s computer for mining cryptocurrency. The crypto mining code is either encrypted in a link which is sent to the victim via a phishing e-mail or it is loaded in an infectious online ad or website. Once the user clicks on the link, the code is installed on his computer. However, in case of infected ad or website, the code is not loaded on victim’s computer. As the website or ad pops up in victim’s browser, the code is auto-executed. Unlike ransomware, crypto mining code does not harm user’s personal data but uses CPU resources which results in slow processing.
4. Advanced Persistent Threat (APT): In APT, the hacker breaches a network but stays undetected for a long time; thus, increasing his dwelling period instead of asking for instant ransom. The main motive is to steal information or security data unobtrusively. The breach could be caused by using malware, exploit kits or by piggybacking on legitimate traffic. Once breached, the attackers could steal login credentials to move across the network easily.
5. IoT Attacks: IoT now includes laptops, tablets, routers, webcams, smart watches, wearable devices, automobiles, home electronics, etc. As IoT is becoming more ubiquitous and number of connected devices is increasing, cyber criminals are targeting the IoT networks for cyber invasions & infections. Once they gain access to a network, cyber criminals can program the devices to create chaos, lock down essential devices for financial ransom, overload the network, etc.

With rising cyber security threats, organizations need to follow strict data management and security practices to protect their data.

For more information about IT and security risks, call Centex Technologies at (254) 213-4740.