Cybersecurity threats are in a constant state of evolution, growing in both prevalence and sophistication. Disturbingly, Gartner forecasts a 200% increase in the number of global organisations facing software supply chain attacks by 2025 compared to 2021.

The consequences of a security breach could prove devastating, posing significant financial and reputational harm. Consequently, it is crucial to be well-informed about the threats that warrant close attention.

So what are the most prevalent cyber threats in today's landscape?

Ransomware: This is where malicious individuals use malware to ransom an organisation's data, either by restricting access to it or by threatening to disclose it publicly. Generally, ransomware infiltrates systems when users open tainted email attachments, interact with infected links, or visit compromised websites.

In addition to the expenses associated with restoring potentially sensitive data, especially for any orgnaisation storing private personal data, there are also significant costs linked to operational disruptions, regulatory penalties, and the potential loss of business, which could severely impact organisations.

Social Engineering: The most serious security breaches tend to stem from social engineering tactics, where individuals are deceived into divulging confidential information, clicking on harmful links, or granting access to secure systems. These deceptive manoeuvres can be executed through email or telephone communication, or even in person.

New technologies have allowed determined actors to become rather sophisticated, using things like voice impersonation to convince targets of the authenticity of their request. An important rule to remember in cybersecurity is never trust, always verify.

Mobile Device Security: Over six billion people across the globe use smartphones, frequently using the same device for both their professional and personal needs. On top of all of the risks associated with unauthorised physical access due to loss or theft of the device, there are other risks too.

Counterfeit applications, designed to mimic authentic ones, are increasingly making their way into the App Store, deceiving users into granting permissions or introducing viruses and malware into their phones. These deceptive practices enable criminals to gain control of accounts and gain unauthorised access to valuable and often sensitive data.

Remote Working Risks: With the increasing prevalence of remote work, there's a growing potential for vulnerabilities in employers' systems.

Employees might be using outdated and unpatched software in their home environments, or connecting to unsecured or already compromised networks. If your organisation employs remote workers, it's important to establish, enforce, and regularly review your BYOD (Bring Your Own Device) policies.

The cybersecurity risks organisations are facing are continually evolving, making it essential to remain vigilant and stay on top of latest trends and developments. A combination of technology, processes, and education are key to ensuring your organisation remains safe.

Interested in knowing how to defend against these risks? Contact us today to learn how we can keep your company safe!