Cybercrime is a pervasive problem that many businesses face due to their increased reliance on the internet and cloud computing. Cybercriminals attack companies in many ways and frequently update their strategies to outsmart the latest security measures. Companies have to be aware of the variety of cyber threats out there and create effective means to stop them.
Threat intelligence is a crucial part of this effort because it helps cybersecurity professionals get the information they need about zero-day threats and how to resolve them. In addition, they use MITRE ATT&CK to learn the methods and techniques that cybercriminals use to carry out their nefarious acts.
Common Forms of Cyber Attacks
There are numerous different forms of cyber attacks; below, we explore some of the most common ones you may experience:
Malware injections
Cybercriminals inject malware into companies’ IT infrastructure to disrupt their operations and hamper their ability to serve their customers. Malware injections take advantage of unsuspecting employees by getting them to download corrupt files, click malicious links, and visit untrusted websites.
Man-in-the-Middle Attack
A man-in-the-middle attack is a cyber attack where a malicious actor secretly intercepts the communication between two parties in an organization. The two parties involved in such attacks are usually an employee and a cloud computing platform. If a hacker is able to successfully carry out a man in the middle attack, they will be privy to sensitive business information and perhaps, consumer personal data.
Phishing attack
A phishing attack is a form of social engineering in which cybercriminals trick employees into divulging the login credentials for their work accounts and clicking on malicious links. The malicious actors can do this by sending emails to employees from addresses strikingly similar to those of their colleagues. These emails can contain attachments that, when downloaded, will inject malware into the computer of the unsuspecting employee.
Denial of Service attack
A denial of service (DoS) attack occurs when cybercriminals overwhelm a company’s servers with fake traffic requests, preventing them from processing real ones. This negatively impacts the company’s ability to serve customers and operate effectively. If it is not resolved quickly, the affected business can lose revenue.
Ransomware attack
A hacker performs a ransomware attack by locking or encrypting the files in an organization’s cloud platform and demanding a ransom before they unlock them. By doing this, employees will be unable to access critical files to do their jobs. This will affect revenue and cause customer dissatisfaction, which can have a long-lasting negative impact on the affected business.
Endnote
Business owners and cybersecurity professionals should be wary of the different forms of cyber attacks and the techniques cybercriminals use to perpetrate them so they can develop effective counter-solutions. Generating and reading threat intelligence reports as well as consulting MITRE ATT&CK are significantly beneficial to this effort. This is because they provide details of various threats as well as how they can be mitigated.
With over a decade in the tech field, Bogdan blends technical expertise with insights on business innovation in technology.
A regular contributor to TMS Outsource's blog, where you'll find sharp analyses on software development, tech business strategies, and global tech dynamics.
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