3 Cybercriminal Tactics Organizations Need to Look Out For

3 Cybercriminal Tactics Organizations Need to Look Out For

The world is progressing towards an uber-technological age. That is why you find most of the avenues of society evolving from their traditional setups and incorporating the latest advancements. You cannot expect to hang on to the comfortable past in a present that is all about the electric risk-taking and climbing the ladder of success. This applies to the commercial sphere as well.

Most of the businesses these days are transitioning online and conducting their processes in an efficient way, made possible by the innovative technological gadgets. For instance, the ‘cloud’ tech is increasingly being used to house a particular firm’s financial funds or central data or its most valuable assets. This makes its maneuverability and remote operation by the owners or authorized workers quite easy. But while the internet proves to be quite beneficial to the businesses, it also poses a potential hazard.

Yes, this virtual plane is frequented by interested entities who wish to disrupt the internal systems of firms, namely cybercriminals. While there were physical threats to businesses before the transition, there are virtual threats now. And with more futuristic developments, the nature of these threats is becoming hostile.

It’s like a never-ending game of chess between the Chief Security Officers of firms and the Cybercriminals. When the former make a protective, safeguarding move, the latter do all they can to undo it and unleash a hellish offense. That is why it is really important for people responsible for a firm’s cyber-security measures to predict the nature of the cyber-threats and to outdo the cybercriminals once and for all. Following are a few of the top ‘methods of attack’ cybercriminals are incorporating into their strategies to disrupt commercial functions.

Systematic Data Manipulation:

A firm’s central data is like its core foundation, on which the whole building stands. With it going into the cloud for functional efficiency purposes, the chances of it being hacked increase evermore. The cybercriminals hang around in anticipations for an opportunity to catch a firm off guard. Once they do, they secretly slide in through an unmanned slot, spy on the operations covertly, and then steal the data for a systematic manipulation. It can be in the form of identity theft, inflation of bank balances, or disruption in the flow of online international transactions etc. In any way, this manipulation can be used to carry out extortions and can significantly influence commercial decisions. So, how can organizations protect themselves from such a scenario? By conducting any or all of the following measures:

  • Advanced network security
  • Strict password system
  • Careful network segmentation
  • Automated monitoring
  • Closely checked access authority
  • Regular reminders to employees to refrain from clicking on suspicious email attachments etc.

IoT Disparagement:

The Internet of Things is your regular, everyday objects, interconnected with each other in the form of a grid, equipped with smart computing capabilities, which enable them to send and receive data over a network. That’s a mouthful of words, indeed. If you didn’t quite catch the long definition, then simply take a look around your home. All your smart devices, ranging from that automated vacuum cleaner to the Ecobee4 thermostat that you just bought, count as the Internet of Things. Why? Because they function over your home’s stable Spectrum internet connection or alike. Similarly, workplaces are being technologized with IoT as well. Everything you see from smart sensors in supply chains to smart cameras and screens is commercial IoT, as it functions over the corporate IT network. The point is that these devices, due to their connection to the internet, as highly hackable. Once a hacker breaks them, he/she can enter the corporate network, maneuver other IoT, and wreak unspeakable mayhem. That is why organizations need to make an inventory check of all the IoT, secure the network with the latest software and maintain a rigorous password regime.

AI Weaponization:

Human beings are known to err, and there can be no chance of a mistake when it comes to cyber-security. One false move or one unintentional misreading can bring the whole house of cards down. That is why most of the organizations make use of Artificial Intelligence (AI) to regularly scan the data logs for threats and to stay guard over it in case any malware comes knocking at the door. This is a firm’s attempt at breach-prevention. But cybercriminals are known to learn from the defenders and using their own tactics, turn the tables against them. Yes, I’m talking about a probability of AI being compromised by the hackers and used against the firm’s systems. Cybercriminals could maneuver the AI into scanning the confidential information which would create a loophole through which all kinds of viruses, malware, spearfishing emails, fake access etc. be passed. Still, it’s a long way off. By then, firms can update their shielding mechanisms and create fail-proof backdoors in case things come to this.

Thus, the only way to win that game of chess is to predict the opponent’s moves, to always stay one step ahead of the cybercriminals, and to disappoint them with advanced security measures.

Amjad butt

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