The cybersecurity industry has rapidly changed in recent days. New threats – as well as new approaches for combating them – emerge continuously. Since the scale and sophistication of cyber-attacks are growing, industries require increased data security. No wonder businesses are now chasing to search for scalable cyber defense solutions.

Things you will learn

In our article, we investigate the top cybersecurity threats for enterprises that have emerged so far. Additionally, we’ll show you how we tackle security issues when developing software for our clients. 

Let’s discover:

  • Repercussions of neglecting cybersecurity threats
  • The biggest software security threats for businesses 
  • How can a Software House ensure software security for its clients? 

As cybersecurity evolves, new methods for companies to protect against hacker attacks appear. Experts estimate that neglecting cybersecurity will cost companies all over the world huge amounts of money. The estimations show that the global cost of cybercrime will increase up to 15% within a few years. The sum can reach even $10.5 trillion annually by 2025, up from $3 trillion in 2015. 

With each wave of new technology, we have a unique opportunity to face challenges

Guevara Noubir (Executive Director of Cybersecurity Programs)

Since October is officially considered the month of cybersecurity awareness, we’d like to contribute by sharing insights into this topic. Grasp the highlights from recent cybersecurity threats.

The rise of ransomware attacks

Ransomware is not new, but it continues to grow and causes the spread of malware on the Internet. Ransomware has become popular among hackers as they can quickly get profits in this way. It has become a major threat to organizations these days, as companies go digital on a large scale. In a 2021 survey of 1,263 cybersecurity professionals, 66% said their companies suffered significant revenue loss as a result of a ransomware attack. 

Cloud security threats

Cloud services are very beneficial for business functioning in the digital world. However, cloud environments can also become magnets for hackers, especially when some safety procedures are skipped. Misconfigured cloud settings can lead to breaches and unauthorized access, insecure interfaces, and hacked accounts. A typical data breach could cost any organization even thousand of dollars loss. That’s why enterprises must be careful when implementing their cloud security strategies.

Social engineering attacks 

Social engineering and the use of malware are getting smarter. Attackers try to lure people in with malicious software to download it from their smartphones. Hackers also hit enterprises, especially those who connect directly from the workplace with the network are an easy target. There’s a significant increase in phishing attacks aimed at the organization’s executives and employees, usually via emails. SMS phishing has also gained popularity mainly due to commonly used mobile messaging applications, such as WhatsApp. 

Remote work cybersecurity risks

The epidemic caused most organizations to quickly and easily relocate workers to remote jobs. Many survey data indicate an essential proportion of employees continue to work remotely. Working remotely presents a new cyber threat and has become an important trend for cyber security. Home offices are often less protected than centralized offices, with more reliable firewalls, routers, and access management. Cybercriminals are adapting their tactics to keep the systems running efficiently.

Data breaches

Data privacy matters in almost every aspect of a company. A good data management system is a must for companies to avoid leaks. Prominent cybersecurity attacks have exposed hundreds of millions of personal information files, putting companies’ reputations at stake. The new GDPR has prompted the European Union to implement a stringent data protection regime, which has led to increasing priority to data protection. Organizations whose products do not meet customer expectations are subject to penalties for their actions, leading to a loss of trust.

Lack of prevention procedures

The adequate reaction of a company after a cyberattack is to identify and patch the hole in a security system immediately. Not following post-attack procedures exposes the company’s system to another cybercrime. A lot of attacks could have been avoided if the enterprises had taken measures to apply a patch soon after the incident. 

How do we ensure software security for our clients? 

At fireup.pro, we always ensure the security of the digital products we deliver. What’s more, we try to raise awareness among our clients on the importance of software security. Get to know our cybersecurity best practices: 

  • Setting up a cybersecurity strategy 
  • Following proven IT standards 
  • Identifying risks
  • Taking up prevention steps
  • Building awareness

When defining your cybersecurity strategy, we apply the best cybersecurity practices matched to a given IT system, technology, or architecture. It’s good to think ahead and prepare a prevention plan. When we develop software for our clients, we ensure advanced security architecture and pick up security controls that respond to various cyber threats. We follow safety procedures at every stage of software development, such as implementation or testing. 

Summary

With the evolution of IT architectures and new types of cybercrime, companies need to get prepare for facing cyber threats. It is necessary to become aware of the dangers of cyber-attacks and take some steps to prevent them. 


If you have any questions on cybersecurity or other IT-related topic, don’t hesitate to contact us — we’ll be more than happy to talk to you! 

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