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Which cyber attacks can harm your business?

On Behalf of | Oct 4, 2021 | Business Litigation

When it comes to cybercrime, all businesses need to stay wary of cyberattacks. A cyber attack on your company can damage your business’s reputation, put you in a position where you may face lawsuits from other companies or your clients and more.

According to IBM, when cybercriminals attack a business, they often target client lists, financial data, customer databases, sensitive personal data and login credentials.

Malware and ransomware

Malware includes any malicious software that causes your system to break down or become inoperable. Often, malware destroys data and wipes files from the system. Ransomware is a type of malware. The software takes advantage of a system and holds the system hostage. Criminals may demand payment to release the system.

Phishing and backdoor trojans

In a phishing scam, a group or individual targets people to steal credentials and other sensitive data. Generally, they will send an email or text message disguised to look like it comes from a legitimate source. In the message, they include a fake hyperlink for a person to input login details.

Backdoor trojans allow criminals to access a system remotely. When someone gains access to the system, he or she may have complete control over the computer or network.

DoS attacks

A denial of service or DoS attack occurs when an individual or entity floods your system’s resources. The point of a DoS attack is to overwhelm the system and prevent you from responding to service requests. Once your system cannot perform, it creates a vulnerable opening for more attacks.

A successful cyber attack can damage your business by causing you to lose valuable data, money loss and downtime. Your server can crash, the criminal can delete or alter data or someone can hold your system hostage.