{"id":466,"date":"2016-09-19T15:15:20","date_gmt":"2016-09-19T20:15:20","guid":{"rendered":"https:\/\/flagshipinsuranceservices.com\/?p=466"},"modified":"2020-04-27T07:57:27","modified_gmt":"2020-04-27T12:57:27","slug":"how-cyber-attacks-can-affect-your-business","status":"publish","type":"post","link":"https:\/\/flagshipinsuranceservices.com\/index.php\/2016\/09\/19\/how-cyber-attacks-can-affect-your-business\/","title":{"rendered":"How cyber attacks can affect your business"},"content":{"rendered":"

Interest in cyber coverage is at an all-time high, and those who previously thought it a luxury \u2014 or not a necessity \u2014 are taking a much closer look at their exposures.
\n1. Brute force attack<\/strong>
\nA very sophisticated software or algorithm which is written to do whatever it can to attack your system \u2014 by searching for vulnerabilities \u2014 and in many cases, attacks a password-protection mechanism.
\nThe brute force attack will use a specially designed software to go through hundreds of thousands of different words, combinations of words and numbers to try to crack your password, They will even go through every word in the dictionary to see if they can access something like a password.
\n2. Social engineering\/cyber fraud<\/strong>
\nIf you\u2019re in the treasury department, and I send you an e-mail that looks like it\u2019s coming from the CEO or CFO requesting that you ‘wire funds on the merger acquisition that we have pending, I would like that money wired today \u2014 this is your authorization to get it done,’ whoever is working in that accounting or treasury department will wire the money.
\nThey\u2019re not attacking your system, they\u2019re attacking individuals, and the company\u2019s wire-transfer policies and procedures: We\u2019re seeing a prevalence of that today, and that\u2019s significant because the losses tend to be in seven figures. This type of attack doesn\u2019t target data, it targets the money and once it\u2019s transferred it\u2019s unlikely that you\u2019re able to retrieve that money.
\n3. Distributed Denial of Service attack (DDoS)<\/strong>
\nThis happens when a server is overloaded with connections, with a goal of ultimately shutting down the target\u2019s website or network system. This is just where [hackers] are overloading your system, hoping it will shut down your network and you will not be able to operate your business.
\n4. Phishing attacks<\/strong>
\nPhishing is perhaps the most commonly reported form of cyber attack and keeping up with the methods of some phishing attacks is proving to be very difficult.
\nThere are various types of phishing attacks and the type that is used usually depends on the industry. Hackers send out hundreds of thousands of emails [with an attachment or link] hoping that someone will click on them, that\u2019s the hacker\u2019s means to access your system. Once you open it, you\u2019re giving them access to your computer system and the information on it.
\nOnce they\u2019re in, then they\u2019re able to really attack the software\u2019s vulnerabilities, whether it\u2019s personal passwords, firewall or lack thereof, or unpatched status security software.
\n5. Malware, spyware, ransomware<\/strong>
\nEach of these types of attack has its own objectives. Any one of those is an attack on your software, your systems, your theft prevention software \u2014 getting access through any one of the malware type of attacks.
\nIt\u2019s basically a malicious software with the intent to gain unauthorized access and that could include viruses, spyware and more recently, we\u2019ve see ransomware where they\u2019ll lock down your system and essentially say ‘we have your data, if you want it back you\u2019re going to pay a ransom and we\u2019ll let you gain access back to your information.’ There are also Trojan horses and key loggers that track keystrokes to gain access to passwords or gain access to your system.
\nIf the malware is introduced into your system, it will cause the intended damage, and that intended damage could be erasing all the information contained on your hardware.
\nOther types of malware target individuals who probably aren\u2019t with the IT department and may not have the same level of sophistication or even paying attention, he noted. You\u2019re busy, you get an email, you don\u2019t pay much attention to who it\u2019s from or if it\u2019s an accurate email address, you click and allow them access to your system. It\u2019s as simple as that. Whether it\u2019s a link or an attachment, you basically provide that malware into your system, which will then accomplish whatever the objective is.
\nAs for spyware, hackers introduce a software into your system that looks for the simplest form to track keystrokes to get passwords or electronically spy on your network, whether to gain access to confidential information or spying in order to gain access to unidentifiable information.
\nA “worm” is similar to a virus but it spreads differently. In order to affect your files, a worm eats into your system and runs on its own. If a worm is introduced into your system, it could replicate by resending itself from your system to everyone in your contacts list; so one person lets it in and then it just compounds itself; depending on how it’s written, it could get back to every contact on your list.<\/p>\n","protected":false},"excerpt":{"rendered":"

Interest in cyber coverage is at an all-time high, and those who previously thought it a luxury \u2014 or not a necessity \u2014 are taking a much closer look at their exposures. 1. Brute force attack A very sophisticated software or algorithm which is written to do whatever it can to attack your system \u2014 […]<\/p>\n","protected":false},"author":3,"featured_media":3127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[12],"tags":[],"class_list":["post-466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/flagshipinsuranceservices.com\/index.php\/wp-json\/wp\/v2\/posts\/466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flagshipinsuranceservices.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flagshipinsuranceservices.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flagshipinsuranceservices.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/flagshipinsuranceservices.com\/index.php\/wp-json\/wp\/v2\/comments?post=466"}],"version-history":[{"count":0,"href":"https:\/\/flagshipinsuranceservices.com\/index.php\/wp-json\/wp\/v2\/posts\/466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/flagshipinsuranceservices.com\/index.php\/wp-json\/wp\/v2\/media\/3127"}],"wp:attachment":[{"href":"https:\/\/flagshipinsuranceservices.com\/index.php\/wp-json\/wp\/v2\/media?parent=466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flagshipinsuranceservices.com\/index.php\/wp-json\/wp\/v2\/categories?post=466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flagshipinsuranceservices.com\/index.php\/wp-json\/wp\/v2\/tags?post=466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}