6 Cyber-Threat Areas for Companies and Organizations to Prioritize.

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There are 6 areas with growing threats that should be prioritized for those protecting the expanding digital ecosystem.

Data synthesis is undoubtedly helpful in cybersecurity for reducing threats. AI and ML in the context of cybersecurity can offer a quicker way to discover new attacks, make statistical inferences, and send that information to endpoint protection solutions. Due to the severe lack of experienced cybersecurity employees and expanding attack surface, this is extremely crucial.

Cybercriminals are already attacking and investigating the networks of their victims using AI and ML capabilities. Healthcare institutions in particular, small businesses, and organizations, that cannot afford major investments in defensive developing cybersecurity are primary targets.... [+]Malware that is continually evolving is challenging to both find and stop. Polymorphic malware can do that.

Polymorphic malware is currently being shared more frequently by criminal hacking groups and might perhaps become a real issue in the future as it can circumvent two-factor authentication and other authentication security procedures.... [+]A group of internet-connected computers and other devices that are a part of a network under the control of hackers make up botnets. Like a biological virus, a bot can infect machines with malware and/or ransomware that can be self-replicating and harmful.

The use of ransomware by hackers to leverage exploits and extract financial benefits is not new. Ransomware has been around for over 2 decades, but as of late, it has become a trending and more dangerous cybersecurity threat. The inter-connectivity of digital commerce and expanding attack surfaces have enhanced the utility of ransomware as cyber weapon of choice for bad actors.

In almost every industry, the average amount of time it took to recover from ransomware increased,"and in most cases, significantly." In 2021, it took little over a week on average for all industries to recover. The average recovery time in the retail, dining, and hospitality industries rose from 7.8 days in 2021 to 14.9 days in 2022 over the course of the previous year, or a 91% growth.

"Almost all respondents acknowledged that problems with the software supply chain pose a substantial risk to the business, citing worries about vulnerabilities beyond the code, secrets being exposed, tampering, and certificate misconfigurations. It's interesting to note that, among technology professionals, more than half recognized harmful code and suspicious code as severe business risks....

 

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