Single Cyber Attack Fretting the Sensitive Enterprise Data
The overwhelming digital innovation in recent years has broadened the practices that IT companies are following especially in applications development. Given customer retention and boosting customer relationships, they put customer convenience at the heart of development and sometimes miss the security practices. The most common assumption related to application development security is that it starts from the initial phase of development which is true but the other side of it is “it never stops”.
Rising Threat and is Cost
In a recent incident computer giant, Acer was hit by a ransomware attack in March 2021 and demanded $ 50 million which is the largest known ransom in a security attack to date. The gang revealed the leak of financial spreadsheets, bank balances, and communications. The ransomware attack have grown which claims a new victim every 5 seconds in 2021, according to Cybersecurity Ventures (world’s leading researcher in global cyber economy); also the damage cost due to this is expected to reach $ 20 billion by the end of 2021 which is 57 times more than it was in 2015. So the companies must foresee what security measure would safeguard their future practices of development without compromising the customer experience.
With the rise in blockchain, cryptocurrency users saw cryptojacking, a new cyberattack activity where criminals hijack third-party home or work computers to “mine” cryptocurrency; proving that even the strongest security measures like crypto hash algorithm-1 (SHA-1) can be intervened by attackers. So consistent security practices are a must.
What are the Best Security Practices for Companies?
In recent years there has been a rise in security threats and developers need to be more aware of the status of application security. They need to take both the development process and security measures hand-in-hand. So following practices must be included:
But the level of attacks and the vulnerable areas of attack can vary in application development and unawareness about the same can make them heavily prone to attacks. Before practicing any security measures developers and testers should be aware of what threats they can get.
Enterprises Need to be Aware of These Attacks & Their Preventions
Avoiding enough precautionary measures can make companies compromise their application security. By becoming aware at each level of the development process they can avoid security threats and potentially lessen the damage that could be caused.
Of course, security vulnerabilities cannot be completely avoided in the system and development process; however, the state of network and infrastructure security can be significantly improved by reducing the severity of vulnerabilities that are created. The most important approach is to follow the principles of secure application and software development and to ensure that developers have sufficient security expertise.
5 Cyber Security Trends to Secure Infrastructure and System
To fend off the cyber intrusion attempts, organizations must find ways to use security solutions in their security operations, threat analysis and provide a faster and more effective response to a wide range of threats with minimal human intervention.
A micro-segmentation solution that makes it easy to isolate modern data centers from the environment; instead of using IP addresses and VLAN membership, it segments the network by labeling application or workload storage resources, making environment separation suitable for dynamic application environments. Micro-segmentation offers the benefits of reusable server roles, application and environment tags, reusable security policy templates, separation of platform diagnostics, automated test pipelines, and more.
As the IT environment in organizations becomes more complex, it is important for data security teams to select the right processes and tools to defend against potential cyber threats. It is imperative to have backups of important data on portable hard drives. With the rise in cybercrimes worldwide, vendors/suppliers / third parties should also be instructed to regularly check their network for possible vulnerabilities and security threats.
Making Certain the Cyber Espionage aren’t Threatening Your Future
Gone are the days when installing firewalls for network security was enough. Along with the developmental process, technology has also transformed security operations with a growing number of innovative products and services.
The new approach to troubleshooting and ensuring the uninterrupted end-user experience is securing data since the highly vulnerable factor these days is “Data” which has become a highly valuable commodity for hackers. The threats can be serious for businesses and consumers when there’s slight ignorance in adopting security practices and businesses that suffer a cyber breach will also generally incur costs associated with repairing affected systems, networks, and devices. Organizations should consider things like data privacy, record retention and destruction, encryption in transit, and network segmentation to assess where they can strengthen their data privacy. With a more realistic understanding of the potential impact of a cyberattack, leaders can invest in risk management to be safer, more vigilant, and resilient.
Practices for protecting against cyber threats must also include basic but important countermeasures such as system patches. When a technology vendor discovers (or receives notification) of a security threat in their product, they usually write code to fix the problem. Companies must adopt a proactive approach to security to ensure that all of these threats can be present and must focus more on protecting data, and align efforts to identify and protect the data assets that are most valuable to the business at the moment.
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