Cyber security threats and preventative measures

3 common causes of cyber crime and cyber attacks that show we’re making things too easy for today’s cyber criminals.

We all take steps to keep our homes and our possessions safe. Whenever we go out, we lock our doors and close our windows so criminals can’t find an easy way in.

Why, then, do we act so differently when it comes to cyber security?

How cyber-attacks affect individuals and organizations

The internet has made it possible for cyber-crimes to be committed with the click of a button. Cyber-attacks and internet crimes can happen anytime, anywhere and could have devastating consequences.

There are many ways in which cyber-attacks can affect individuals. For example, they may lose their private data or get their identity stolen as a result of a cyber-crime.

Let’s explore three of the key cyber security threats and preventive measures that compromise cyber security and increase the likelihood of cyberattacks such as hacking, phishing, malware or identity theft to name but a few.

1. Lack of security assistance

Too few people are aware of the simplest steps to increase cyber security. What’s more, most don’t have easy access to the resources they need, when they need them. Take passwords. It’s known the stronger your password is, the more secure your account will be.

In 2019, 23 million online accounts were still using the password “123456”. 71% of accounts are protected by passwords used on multiple websites. Our password habits need to change.

The best time to let people know about the strength of their passwords is when they’re setting up accounts. Simple bits of information like ‘how long the password would take to break’, or ‘whether it’s ever appeared in a known data breach’ can both greatly improve the strength of passwords at the account setup stage and in turn help prevent an unauthorized access to personal data and accounts such as banking, emails or social media.

2. System vulnerabilities

When cybercriminals spot a weakness, they pounce on it which in best case can e.g., temporarily block a website (DDoS attack) or worst, lead to a full security breach, computer crimes or cyber terrorism. That’s why system vulnerabilities can be so dangerous.

In January 2020, American software developer SolarWinds was subject to a cyber-attack. Cyber criminals exploited a vulnerability in the company’s software after employees shared details of the system flaw online. The attackers gained access to the company’s systems and succeeded in stealing the administrative credentials of an account holder and it is thought the same group was behind ransomware attacks that crippled 22 cities in Texas.

Minimising the threat of such attacks requires a combined reactive and preventative approach. As well as having the right security software, computer systems and network settings in place, it’s important to keep software up to date. This means installing software updates and patches as soon as they become available as they may fix vulnerabilities.

3. Assessing risk

Criminals want us to underestimate the risk of cyber-attacks and the consequences of cyber-crime. The more we underestimate, the easier things are for them. Unfortunately, everyone’s ability to calculate risk is poor!

Example of car accidents and plane crashes. Statistically, flying is far safer than driving. Yet, as many as1 in 6 peoplehave a fear of flying, while few people worry about driving their cars every day.

Quirks such as the above make it difficult for humans to calculate risk. Something known as the normalcy bias tricks us into thinking the future will be like the present.
In other words, we’re unable to calculate the risk of a cyberattack so we conclude such a risk probably doesn’t exist.

But the risk of cyberattack is very much real.

In fact, it’s a risk that’s growing every day. To reverse this trend, we need to begin protecting ourselves online. Ordinary people need to know the risks of cyber-attacks (phishing, ransomware, malware), as well as the basic preventative measures they can take to keep safe from cyber-crime.

Towards a more cyber secure world – solutions to cyber crimes

Good advice exists and so do places to report a cyber-crime such as the Internet Crime Complaint Center (IC3). But it’s all currently tucked away online, not available when and where people need it. Making information more accessible, in a way that is digestible, attractive and engaging can work wonders!

Cyber security awareness needs to become a useful part of everyday organizational culture. It needs to be something that reaches us and is relevant in our homes as well as in our places of work.

The risk of becoming a victim of cyber-crimes is becoming greater every day.
As things stand, our front doors aren’t just unlocked. They’re unlocked and wide open with welcome mats rolled out.
It’s time we take responsibility and do more about it.

You may have already spoken to one of our V-Hub Digital Advisers, but if not and you're looking for more support you can get in touch here. Our Knowledge Centre is also packed with information and tips to help you on your digital journey.

Partnership content from CybSafe.