Cyber Security and its importance in the contemporary era

What is Cyber Security and its importance in the contemporary era?

Cyber security is a way of protecting any of the information that can be breached through the internet, software etc. It is the protection of any and every information that is personal or confidential. Moreover, Today all of us use the internet. A variety of channels connect us today. These include software, hardware, applications, emails etc. Therefore, it is very important to understand how to protect yourself from malicious internet users. They just want to steal your information and misuse them for their spiteful gains.

These cyber-attacks are getting more and more sophisticated and complex. The hackers or cyber attackers are now using social engineering and artificial intelligence to hack your sensitive data. Today it is very important to be aware and be very careful when doing anything on the internet. Whether it is opening a mail from an unrecognized sender or opening a fishy website, One has to be extremely careful.

However, it is not just the internet that we have to be careful with. Even connecting to unknown, unverified wifi and Bluetooth can also hamper our data. 

Why is Cyber security so important especially now?

Technology and the internet are on the rise. Almost every piece of information is stored on the web today. Every document, every detail from bank accounts and investments to address and personal information everything is on the net. People have started using the internet more and more. And are have relied on Cyberspace and its security to protect them from any kind of data theft or money theft.

The Internet has a lot of benefits and can not and should not be avoided. Today we can transfer money from one end of the globe to another with the help of a few clicks. It has made life extremely simple and easy. Therefore, to be able to enjoy these benefits we must be careful and protected at all times. The hackers are advanced. They conduct thefts by using social engineering and artificial intelligence. Pair this with the rise in cloud services, poor cloud service security, smartphones and the Internet of Things (IoT) and we have a myriad of potential security vulnerabilities that didn’t exist a few decades ago. 

Even the governments of different countries are recognising this. They are, therefore, setting up cyber security cells that take care of any of the cyber crimes that occur as theft as well as fraud.

Some of the cyber threats are

  • Data Breach- Data breach is a security incident where sensitive and personal information is copied, transmitted, viewed, stolen or accessed by an unauthorised individual
  • Social Engineering- Social Engineering, in cybersecurity, is the use of deception/ fraud to convince people into relinquishing their personal information online. Cyberattacks.
  • Phishing attacks- Phishing is gathering sensitive information like login credentials, OTPs, CVVs, credit card numbers, bank account numbers or other financial information. It is executed by masquerading as a legitimate website or email. Personal information like social security numbers, phone numbers and social media account information are also common targets for cyber attackers who perform identity theft.
  • Clickjacking- A cyber attack where an unseen malicious link is put over a website’s user interface is called Clickjacking (or click hijacking). Because clickjacking occurs on top of a legitimate page, visitors usually cannot identify when a click hijacking attack is taking place.
  • Typosquatting- Typosquatting ( URL hijacking ) is cyber-attack targeting individuals that accidentally mistype a website address directly into their web browser.  Cybersquatters register domain names that are very similar to the target brand (usually a common spelling error).

Internet users are unaware that they’re navigating, or even shopping, on a dummy or a false website. Fraudulent website owners leverage this identity theft to sell competitive products, or worse, trick users into a Personally Identifiable Information breach.

  • DDoS attack- A Distributed Denial of Service (DDoS) attack, is an illegal attempt to make a website unavailable by overloading its server with high amounts of traffic which are fake.

Targets don’t just include web servers, a DDoS attack can affect any service connected to the internet. This can be networks, databases, mobile devices, and even particular application functions.

  • Ransomware-as-a-service: Ransomware as a service (RaaS) is a subscription-based model. It enables affiliates to use already-developed ransomware tools to conduct ransomware attacks. Affiliates earn a percentage of each completed ransom payment.

Hence, we see that it is very important for individuals and organisations to be aware of this and careful with their data. Below are simple two steps that can help you- 

  • Protecting Your Sensitive Data- Invest in tools that limit data breaches. Don’t give out sensitive information to anyone on the internet. Use security keyboards to type in passwords and don’t just click on any unverified links. Just being very aware of these things can help you minimise personal information losses.

Implement a Third-Party Risk Management (TPRM) Solution- Companies should not be asking why is cybersecurity important. They should be asking how can they ensure their organisation’s cybersecurity practices are sufficient to protect their business against cyber attacks.

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