05-Sep-2021 21:04:45 pm
What is a cyber attack?
A cyber attack is any attempt to gain unauthorized access to a computer, computing system or computer network with the intent to cause damage. A cyber attack can be launched from anywhere by any individual or group using one or more various attack strategies.
Adverse effects of cyber attacks:
The true cost of cybercrime is difficult to assess accurately. In 2018, McAfee released a report on the economic impact of cybercrime that estimated the likely annual cost to the global economy was nearly $600 billion, up from $45 billion in 2014.
While the financial losses due to cyber crime is significant, Business can also suffer other consequences as an adverse effect of cybercrimes,
While it is not possible to eradicate cyber attacks and crime completely, but it is possible to limit the damage by a significant amount by effective cyber security strategy for the both business and individuals.
The approach to an effective cyber security system should be based on a in defense in depth approach to securing systems, data and networks.
It can be done by the following methods:
The last two points mentioned reduces the possibility of cyber-attack on a individual Level and to prevent financial fraud carefully scrutinize all email requests for transfer of funds to determine if the requests are out of the ordinary and verify the authenticity of money requests by talking to a financial manager.
Cyber security is one of the most important aspects of the fast-paced growing digital world. The threats of it are hard to deny, so it is crucial to learn how to defend from them and teach others how to do it too.