Cyber-attacks!

With the emergence of digitalisation in the business world, businesses will certainly be the target of a cyber-attacks at some point in their lifetime. Loop holes and vulnerabilities in cybersecurity networks allow hackers to harvest confidential or proprietary data for various malicious purposes. In addition, cyber-attacks can have rippling effects leading to further, though delayed, repercussions. Cyber-attacks can inhibit day-to-day business activities, but they can also cause excessive monetary costs. Usually, dissatisfied consumers or fines incurred as a result of violations of information security regulations.

A cyber-attack occurs when there is a compromise on confidentiality, integrity, and data availability. It can manifest in several ways that are not limited to DDoS (Distributed Denial of Service), private information phishing, and the deployment of malicious software (malware) such as viruses or trojans. 50 million cyber-attacks were reported worldwide in a single day on that is equivalent to 600 cyber-attacks occurring every second!

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