6 Network Security Threats You Need to Know About for 2018

Drew Laroche

With people working online now, businesses are at a high risk of cyber attacks. This year, 53 percent of enterprises experienced more attacks than last year. As such, they need to be aware of the network security threats in 2018.

Online attackers want financial gain and to steal identities and intellectual property. Others include hacktivism and disrupting your operations.

They may also hijack your system for a different purpose, such as mining cryptocurrency.

Financial gain remains the prime motivation. This is why the healthcare industry is an ideal target for cyber attacks. Organizations in this industry store a lot of personal, confidential, and financial data.

You must guard against network security threats whatever industry you are in. Keep reading to learn the potential threats in 2018.

Potential Network Security Threats

Network security is important primarily because it protects a company’s assets and data. Other reasons include preventing system instability and shutdown, and protecting against computer viruses.

Moreover, there are legal consequences for failing to secure client data.

With that in mind, what are the security threats you should know about in 2018? Here are six major ones:

1. Ransomware
As the name suggests, ransomware is malicious software used for digital extortion. It locks or threatens to publish data if a victim does not pay ransom. It enters the system through a malicious program called a Trojan.

This Trojan misleads people into executing or downloading a file into the system. This allows it to take over.

2. Business Email-Compromise (BEC)
The FBI describes business email-compromise (BEC) as an emerging financial threat. It involves fraud and deception.

Criminals scam employees by learning information about individuals and company operations. Then, they use the CEO’s email to send a message to an employee who deals with money. This email asks the employee to send money to a bank account owned by the criminals.

3. Internet of Things (IoT) Vulnerabilities
The interconnectedness of devices connected to the internet creates vulnerabilities.

For instance, computer protection is at a high level while that of a refrigerator is at a very low level. Hackers can exploit this discrepancy to gain access to your system.

4. Phishing Scams
No matter what year it is, phishing scams remain relevant. Phishing gets people to reveal personal or financial details to a legitimate-looking website.

Criminals send fraudulent email messages telling a user to click on a link to a legitimate site. Examples of legitimate sites include banks or university accounts. Instead, this link takes them to a spoofed website where the criminals record the user’s details.

5. Cloud Vulnerability
The cloud is the new target for cybercriminals. People don’t pay attention to passwords, usage, or who has access.

This allows criminals to get confidential data. In turn, they can use this information to get access to your system and unearth more data.

6. Malware Infections
Malicious software aka Malware will continue infecting computer systems in 2018. Many companies don’t have a robust firewall. This opens the system to malware infections, which cause devastating consequences.

Some effects of malware include reduced bandwidth, email spamming, and slow computers. It can give a criminal control over your system. They would be able to make changes or purchases as they wish.

Learn More about Health and Technology Solutions

These network security threats and other emerging ones will expose your business to losses. Improve your data security by assessing your risk regularly and enhancing security protocols. Also, implement role-based access to your network and monitor personal devices.

Contact us to learn more about health and technology solutions!

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