Thanks to educational initiatives and technological advances, businesses, governments, and individuals enjoy more protection than ever against cyberthreats, but at the same time, criminals are equally diligent about breaching defenses.
Low-cost social engineering threats like mass email blasts with virus-laden hyperlinks or other malicious baggage can easily be aimed at 500 or more targets at a time, allowing criminals to get a good return on investment. Data mining attacks on credit card companies now focus on not just identity theft but also the opportunity to resell personal information to other companies.
Another issue deals with the industrial control systems that automate the manufacturing sector and run much of our critical infrastructure. These systems are connected with internet-facing networks providing enormous advantages in terms of efficiency, productivity, and reliability, but at the same time, exposes a vulnerable ecosystem to cyber threats.
The advance of Internet-of-Things (IOT) – the interconnection of computing devices embedded in everyday objects – also opens more opportunities for hackers and other cybercriminals.
The biggest problem in the fight against cybercrime is enforcement with many of the bad actors overseas.
Businesses and governments need to have a plan in place before a breach. Cybersecurity tips should be implemented including training employees in best practices and taking steps to secure and track personally identifiable information and other sensitive data. Additionally, it is important to investigate third-party vendors and other partners for their security protocols.
Summarized from NJBIZ