Online businesses are increasingly improving against their brick-and-mortar counterparts. With this success, however, has come a whole new threat: the rise of a cyber attacker who isn’t showing much restraint, even for the biggest targets.
Hacker Ambition on the Rise
In just the last couple years, hackers have been seen going after targets that even five years ago might have been unthinkable. While retail store breaches were standard fare, new cyber attackers pursued online banks, and some evidence suggests that hackers may have even targeted the 2016 U.S. Presidential Election, though to what extent is unclear.
The growth of the Internet of Things (IoT) has emboldened some hackers, who in another incident used connected devices as part of a massive botnet of semi-autonomous connected devices to engage in distributed denial of service (DDoS) attacks that shut down websites.
Surprising Weaknesses Appear
Perhaps the good news in the current hacking-filled environment is that it reveals just how insecure networks really are. Stolen credentials are only the beginning, and lower-tech attacks do plenty of damage as well. Business email compromise–essentially just highly-targeted phishing operations–caused $3 billion in losses over three years, according to Symantec.
More Cloud, More Problems
Perhaps worst of all, companies are contributing to their own downfalls through everyday business processes. The growth of the IoT is putting more potential points of access into play, and many of these are poorly secured thanks to a faulty perception that a connected device is a low-value target. The device itself may be, but the network that it’s connected to is of much higher value.
Symantec’s reports were grim on this front as well; attacks on IoT devices doubled throughout 2016, and at the worst of it, there was one attack every two minutes on an IoT device. Increased movement to cloud-based systems was likewise bringing out fresh targets of opportunity for hackers.
Eternal Vigilance Is the Price of Liberty…Online
So what can be done? Proper security must be observed at every turn, even when doing so seems inconvenient or cumbersome. Furthermore, the tools to protect security must be improved; after all, tools that cause as many problems as they prevent aren’t worth using.
Tools like those found at MicroCorp can be a great start toward a process of continuous security improvement, helping users better protect systems against outside intrusion. It’s a project that requires everyone’s cooperation, from the end user to the security developer, and one that makes us all safer. For more information about how MicroCorp can help secure your business, contact us today.