Cyber crime has become a significant threat to every industry. Fortunately, the brunt of the financial fallout doesn’t have to be faced alone. Many top-rated carriers and brokers are now offering cyber insurance, which can help recoup some of your losses when faced with a claim issued against your cybersecurity. Understanding the types of threats is one way to improve your security measures against them.

Types of Attacks

There are several ways that criminals attack computers or networks.

  • Malware
  • Phishing
  • Denial of service
  • Man in the middle
  • Cryptojacking
  • SQL injection
  • Zero-day exploits

The severity of each attack will depend on the ultimate goal of the perpetrator. Sometimes the intent is simply to disable a hosting computer or network, while the other is a plan to steal data from the company or individuals associated with it.

Prevention is Key

In addition to carrying cyber insurance, major corporations have entire departments and large budgets dedicated to fighting cyber threats. Small businesses can take measures as well. Be sure to set up secure networks for all transaction, and rely on encrypted data with financial and sensitive information. Maintain a strong firewall and continually assess your network and set-up for threats. If you aren’t familiar with these terms, hire a professional to give you and your customer peace of mind with digital transactions.