The Cybersecurity Threats That Every Business Should Be Aware of

Cyberattacks are a growing threat to businesses and organizations of all sizes. In 2021, the average cost of a data breach was \$4.24 million. By 2025, this number is expected to reach \$10.5 trillion.

Here are 6 cyber-threat areas that companies and organizations need to prioritize in 2023:


1. Data breaches

Data breaches are the most common type of cyberattack. They occur when an attacker gains unauthorized access to sensitive data, such as customerPII, financial information, or intellectual property.

2. Ransomware attacks

Ransomware attacks are on the rise. In a ransomware attack, the attacker encrypts the victim's data and demands a ransom payment in exchange for decryption

3. Supply chain attacks

Supply chain attacks are attacks that target the suppliers of a business or organization. These attacks can be used to gain access to sensitive data or to disrupt operations.

4. Social engineering attacks

Social engineering attacks are attacks that exploit human psychology to trick the victim into giving up sensitive information or taking actions that harm themselves or their organization.

5. IoT attacks

IoT attacks are attacks that target internet-connected devices, such as smart home devices, industrial control systems, and medical devices. These attacks can be used to steal data, disrupt operations, or cause physical damage.

6. Zero-day attacks

Zero-day attacks are attacks that exploit vulnerabilities in software that the software vendor is not aware of. These attacks are often very difficult to defend against.  

Companies and organizations can protect themselves from these cyber threats by taking a layered approach to security. This includes implementing a variety of security controls, such as firewalls, intrusion detection systems, and data encryption.