Cloud Storage, Cryptocurrency And Third Parties; The Latest Hacking Trends To Be Aware Of

As IT security systems are becoming increasingly complex, cyber criminals are constantly changing their game and finding new ways to attack. A recent report by the National Cyber Security Centre (NCSC) and the National Crime Agency (NCA) has reported that cyber threats to UK businesses have been reported as ‘bigger than ever’ and criminals are carrying out more attacks than ever before.

A cyber attack on an organisation can be detrimental to their success and cause financial loss, reputational damage and even physical harm. Even with cyber security in place, this is not always enough to stop the highly unpredictable hackers gaining access.

Below are some of the latest hacking trends to be aware of:

• One of the latest trends that hackers are exploiting is gaining access to personal data and files via the cloud. As many businesses are now using cloud storage instead of physical storage, this provides cyber criminals a tempting opportunity to access large amounts of data all in one place.
• Another upcoming trend for cyber criminals is hacking computers for cryptocurrency creation. The new form of digital payment provides another new opportunity that is less established amongst the general public.
• The final consideration to be aware of is the security held by third parties. Even if your organisation has excellent cyber security measures in place, as soon as you share personal data with other organisations, there is a risk that their security standards are lower.

For more information on cyber security insurance for your business, contact Cyberguru where we can advise you on the level of cover your business needs. For a free personalised quote to meet your business needs, click here.