This research paper analyses INTL508-Cyber attack trends and consequences of cyber attacks in today’s world. Cyber attacks are planned assaults by cyber perpetrators against computer systems using one or multiples computers. The act maliciously disrupts the usefulness of data and steals data. Moreover, it might use the computer system as a breach point for other attacks. A cyber attack is either random or targeted depending on intent. Implementation of cyber attack prevention strategies is crucial for all computer systems. Cyber attack trends include the following. The rise of software supply chain attacks is on the rise by installing malicious codes in well-functioning software. Secondly, there are increased reports of phishing cyber attacks. Additionally, cybercriminals are continuously targeting targets that store crucial organization data.
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THE CONSEQUENCES OF CYBER ATTACKS ON BUSINESS
Successful cyber attacks affect business operations in many ways. It influences customer trust and the position of the business in the market. The consequences of cyber attacks on businesses include the following. The economic effect that results in a substantial loss in a significant amount of business money. This is from the theft of; corporate data, financial reports, money, and disruption of operations. Secondly, it results in an organization’s reputation damage through the erosion of customer trust. As a result, leading to a loss of sales, customers, and profits. Thirdly, legal consequences such as fines and lawsuits. When a cyber attack occurs, private information is released to the public, thus showing a failure of organization security. Therefore, the incorporation of cyber attack prevention strategies is highly crucial in avoiding repercussions.
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EXAMINING CYBER ATTACK PREVENTION STRATEGIES
Cyber security is essential in combating the increasing cyber threats to business organizations. Moreover, for the prevention of the undesirable outcomes of cyber attacks. Several organizations face huge fines, massive losses, and even closure due to cyber attacks. The following are some of the cyber attack prevention strategies. One, training staff on the common ways cybercriminals access data; hence they learn various avoidance methods. Secondly, frequently updating software and computer systems hence ruling out all weaknesses. Thirdly, ensuring the end to end protection of data by blocking all loopholes. Moreover, installing a firewall is also essential. These strategies are crucial for preventing the consequences of cyber attacks.
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