Due to the Covid-19 pandemic, the dependence of companies on technology to continue working has increased exponentially and without any traces of doubt, the crime in the cyber world proportionally expanded amid the crisis.

With these new digital trends on the rise, new cybersecurity threats have also grown and appeared where many people have suffered financial and data losses due to intriguing baits thrown by the cybercriminals.

Unfortunately, many of them will continue to be present in 2021 and beyond. 

The goal of cybercrime is to make money. There are different ways to achieve this through the use of computer systems and technology. It is important that companies establish computer security protocols to avoid monetary or reputational losses and deploy robust Risk and Vulnerability Management tools to ensure the safety of their entire business digital network.

We have compiled some major cybersecurity threats in a list to be aware of:

1. Ransomware

It is a hijacking of information by malicious software that encrypts the content of a drive or hard disk. In this computer attack, the user receives an alert message asking for a ransom in order to recover his “hijacked” information.

“It is estimated that 2021 will witness near around $6 trillion global cybercrime damages.” 

Normally, payment with cryptocurrency is requested, to eliminate any trace that can be investigated. This type of cyberattack has been in operation for years, attacking mainly companies. With changes in the encryption algorithms, being increasingly complicated, Ransomware grows and is difficult to combat.

2. Remote Work Associated Threats

Due to the Covid-19 pandemic, teleworking has become part of the day-to-day. This new trend carries certain risks and there is more exposure to cybercriminals. By having computers in the home, there may be other people from the family nucleus, such as a partner or children, who can use them.

 If other individuals use computers, leaks of confidential information may occur. For this reason, it is very important that companies take the necessary measures to be able to avoid these types of risks that, in many cases, are “careless”. 

3. Business Email Compromise (BEC)

With more employees working from home, email communication has grown exponentially. Taking advantage of this situation, many cybercriminals have seen the opportunity to be able to impersonate other colleagues, suppliers or managers. 

One of the examples we have with the so-called “CEO fraud”. The cybercriminal sends an email to a worker, asking for bank transfers, passwords, or confidential documents. 

The recipient of the email sees that the sender is known and ends up doing the favor. When this occurs, the consequences can be extremely serious for the company.

4. Deep Fakes

It consists of creating a video by substituting the face of one person for another. With the use of artificial intelligence and video editing programs, it is possible to change the face and modulate the voice. With Deep Fake you get really realistic results. 

Nowadays, the realization of videos with face change is increasingly easier through applications and digital tools. Many people use it for fun, but there are cybercriminals who use it to spoof identities.

5. Internal Threats Within the Company

Some of the insider threats are viruses with which employees themselves can infect company computers. It may be careless or on purpose. For example, using the same computer at home and at work can happen unintentionally. 

There are also cases of employees who are going to be fired or no longer work and can still access the databases. In case they want revenge, it is as easy as destroying information, stealing it, or infecting computers.

6. Legal Remedies for Illegal Actions

When the servers used for SPAM or sending malware have been used many times, they are blacklisted. In order to continue committing crimes, the security systems of the servers of companies that are not banned are violated.

Once access is obtained, they are used to make money transfers, send fraudulent emails, etc. 

7. Data junkies

There are people who steal and store data and then sell it, say contact lists, emails, passwords, etc. To carry out a robbery, it is usually done using malware that is practically impossible to see quickly.

Digital Risks of the Digital World!

Honestly, it’s quite difficult to keep track of the existing and growing risks, vulnerabilities, and security threats. With malicious actors being active and growing in numbers, the best thing to do to repel their inhumane activities is to be well-prepared by making technology an ally.

There is no way to be completely sure that a system is impenetrable, but we do need to make sure that our systems are as secure as possible.