There are as many as 10 cyber attacks reported every hour in Australia. A report by America’s Cyber Defense Agency indicates that cybercrime is expected to cost the global economy over $10.5 trillion annually by 2025. These staggering figures serve as a wake-up call, underscoring the urgent need for effective cyber security strategies that can adapt to an ever-evolving landscape of threats.
Cyber criminals are getting smarter, and unprotected businesses are feeling the strain. Given the expanding and ever-evolving nature of cyber threats, it’s never been more important to understand cyber security in today’s interconnected world.
What is cyber security, then, and how can you make sure your business is protected from its harmful effects? In this guide, we will explore everything you need to know about cyber security. From what it is and its major threats, to how ADITS has all the right solutions to keep your business safe.
What is cyber security?
Cyber security serves as a digital stronghold protecting your information, networks and devices from unauthorised access and potential attacks. It’s like a fortress that adapts to evolving threats, creating a safe space in the digital world, where sensitive data can remain secure and private.
The core of cyber security revolves around protecting three key aspects – confidentiality, integrity and availability. Confidentiality ensures only those with proper authorisation can access sensitive information. Integrity keeps data accurate and unaltered. While availability makes sure information and systems are accessible whenever needed.
Cyber security includes a range of practices that make up these three aspects, and these include:
- Strong passwords: This is one of the simplest yet most effective ways to secure data. By creating complex, unique passwords for each account, users make it harder for attackers to gain unauthorised access.
- Firewalls: Acting as a barrier between trusted networks and potentially dangerous outside connections, firewalls monitor and control incoming and outgoing traffic, blocking suspicious activities.
- Encryption: This practice scrambles data, making it unreadable without the correct decryption key. From emails to stored data, encryption ensures that sensitive information remains private.
- Antivirus software: These programs scan for, detect, and remove malicious software that can infect and compromise systems.
- Two-factor authentication (2FA): Adding a second layer of authentication — like a one-time code sent to your phone — adds an extra layer of security beyond just a password
- Regular updates and patching: Outdated software is a common vulnerability, often exploited by cybercriminals. Regular updates and patching fix known issues, making it harder for attackers to exploit weaknesses.
What are the main types of cyber security threats?
Cyber security threats come in all shapes and sizes, each with its own unique risks. Knowing the different types of threats can help you build a strong defence, so let’s break down some major cyber security threats you may encounter:
Malware
Malicious software, more commonly known as ‘malware,’ encompasses a variety of harmful programs like viruses, worms, ransomware and spyware. Cyber criminals create these programs to infiltrate systems, damage files, steal sensitive data or disrupt operations.
For example, ransomware encrypts files and demands payment for their release, while spyware quietly collects data on a user’s activities without their knowledge. Malware is often introduced through infected email attachments, downloads, or compromised websites.
Phishing
Phishing attacks use deceptive tactics to trick individuals into revealing personal information, such as passwords or financial details.
These attacks typically come in the form of fraudulent emails, messages, or websites that mimic trusted brands or institutions, leading unsuspecting users to click links or fill out fake forms.
Social engineering
Social engineering relies on psychological manipulation rather than technical methods to gain access to confidential information. Attackers might pose as trusted individuals or legitimate organisations, using persuasion tactics to convince people to reveal sensitive data or grant unauthorised access.
For example, an attacker posing as a bank representative might call someone and claim they have noticed suspicious activity on their account. To ‘verify’ the account, they ask the individual for personal details and convince them to share sensitive information.
Denial of service (DoS) attacks
These types of attacks aim to overwhelm a system, network or website with excessive traffic or requests, causing it to crash or become unresponsive. Unlike other attacks that steal or manipulate data, DoS attacks focus on disruption, making online services temporarily inaccessible to users.
Advanced persistent threats (APTs)
APTs are sophisticated, long-term attacks typically used for espionage or large-scale data theft. Unlike quick, high-impact attacks, APTs are systematic.
These attacks seek to infiltrate a network and remain undetected for months or even years. APT attackers gather data gradually, which allows them to collect valuable information over time without raising suspicion.
Protect your business with cyber security strategies
The sheer variety of harmful cyber threats is alarming. However, there are a range of cyber security strategies out there you can incorporate to protect your business.
At ADITS, we offer a comprehensive range of cyber security solutions tailored to protect businesses from the growing landscape of cyber threats. Our approach covers key areas to address vulnerabilities, strengthen security, and ensure a proactive stance against potential attacks. Here’s a close look at what we provide:
1. Risk assessment and vulnerability management
We start by conducting a thorough risk assessment of your digital environment. We pinpoint potential vulnerabilities that cyber criminals could exploit. This includes identifying outdated software, weak access controls, and other areas that may expose your business to risk.
Throughout this process, we gain key insights. These help us craft a detailed security plan tailored to your business. This customised strategy not only strengthens your defences; it also ensures that resources are directed toward areas that need the most protection, creating a robust foundation for ongoing cyber resilience.
2. Managed threat detection and defence
ADITS offers round-the-clock monitoring to detect potential threats as they emerge. This allows us to spot suspicious activity in real time and respond swiftly before the threat escalates.
This rapid, real-time response capability significantly reduces the impact on business operations and helps clients maintain their security posture in an ever-evolving threat landscape.
To offer an example of how this might work, imagine a financial services firm detects a series of failed login attempts from an unusual location. ADITS’ security team quickly verifies that these attempts are unauthorised and acts to block the suspicious IP address.
Following the incident, ADITS’ experienced cyber security team conducted an investigation to uncover how the attacker gained access. After discovering what happened, they provide the company with actionable recommendations to reinforce their security protocols.
3. Network and endpoint protection
At ADITS, we employ an extensive approach to cyber security by implementing advanced firewalls, antivirus software, and intrusion prevention systems (IPS). This is to protect both a business’s network infrastructure and individual endpoints from a wide array of cyber threats.
This multi-layered defence strategy is crucial because cyber threats can exploit various vulnerabilities across a network and its connected devices. By securing both the network and endpoints, we ensure that every layer of one of our client’s digital infrastructure is protected.
To further highlight how our network and endpoint protection works, consider this example: Imagine ADITS helps an organisation by deploying advanced firewalls, antivirus software, and intrusion prevention systems to protect its network and endpoints from malware and phishing attacks.
When a phishing email attempts to deliver malicious software, the antivirus detects it, while the firewall blocks access to the harmful site. This multi-layered approach effectively safeguards the organisation’s sensitive data.
4. Security awareness training
Employees often represent the first line of defence against cyber attacks. At ADITS, we provide comprehensive training programs aimed at equipping staff with the knowledge to identify and respond to various security risks.
We are providing these training sessions to foster a culture of security awareness within organisations, empowering employees to recognise suspicious activities and take appropriate action.
Security training has had remarkable results for businesses. A case study by KnowBe4 indicated that after implementing Internet Security Awareness Training (ISAT), companies experienced a huge reduction in phishing susceptibility, with some organisations reporting decreases of up to 75% in employees’ likelihood to click on phishing emails.
5. Data backup and recovery
As part of our comprehensive cyber security solutions, we also provide data backup and recovery to protect critical business information from loss during cyber incidents.
For instance, in the event of a ransomware attack that encrypts company data, ADITS’ solutions allow businesses to quickly restore their information from secure backups, minimising disruptions and ensuring business continuity.
6. Compliance and regulatory support
Compliance and regulatory support is crucial for businesses operating in industries with stringent requirements, such as finance and healthcare.
ADITS provides tailored solutions to help organisations navigate these complex regulations. This support not only protects sensitive data but also helps companies avoid potential legal complications and financial penalties associated with non-compliance.
To make this clearer, consider a healthcare organisation that must comply with HIPAA regulations to safeguard patient data. ADITS steps in to assess the organisation’s current cyber security posture. This involves taking a close look at their current cyber security setup and figuring out where they might not be meeting HIPAA standards.
Once they identify any gaps, ADITS rolls out customised solutions, like using advanced encryption to protect patient records and providing employee training on how to handle data properly. This way, the organisation not only secures sensitive information but also ensures they’re ticking all the right boxes for compliance.
Fortify your cyber security with an IT partner that genuinely cares
There were a staggering 2,365 cyberattacks in 2023. Cyber crime is surging. With so many new victims every year, why leave it to chance?
Don’t become another statistic. At ADITS, we have partnered with countless businesses, providing comprehensive security services tailored to their specific needs – and we’re here for you too!
Take a look at our detailed cyber security solutions, get a free consultation, and allow your business to thrive while we ensure your data remains secure.