Cyber threats are continuously increasing at a rapid pace. In Singapore, there has been an increase in reported cyber threats targeted at local industries such as e-commerce, banking and finance.
A cyber threat is a possible cyber-attack that might exploit the vulnerability of a system or asset. It could be used to gain unauthorised access, damage and steal sensitive information, or disrupt computer networks and intellectual property. Depending on the criminal’s intent, a cyber-attack could be random or targeted.
Common types of cybersecurity threats
Cyber threats are never static. They are always improving and becoming more potent. Here are 3 common examples of cyber threats:
Malware: Malware is one of the most common cyber threats. It is a software that attackers have created to disrupt or damage a user’s computer. Once inside a system, the malware can block access to key components of the network, which is how ransomware works. Ransomware is an attack that involves demanding a ransom in exchange for regaining access to networks or important data.
Phishing attacks: Phishing is the practice of sending emails that appear to be from a trusted source, to gain personal information or influence a user’s actions. It could be an attachment that loads malware onto your computer or a link to an illegitimate website. Very commonly, this attack is used to steal sensitive data like credit card or login information.
Trojans: Trojans are a type of malware disguised as legitimate software. Cybercriminals use them to trick people into uploading trojans onto their personal computer where they can cause damage or collect data.
Why it is important to prevent cyber threats
Cyber threats should be taken seriously. They can cause blackouts, failure of military equipment, and breaches in national security. Sensitive and important information such as medical records or financial data could be stolen or destroyed by attackers. Every organisation is at risk of a cyber-attack, so it is essential to have preventive measures and be prepared.
There are many ways you can prevent a cyber-attack, for example, by carrying out risk assessments, or conducting audits on a regular basis. Many organisations hire professionals from the cybersecurity field to protect their company from such threats, for example, a cybercrime consultant or risk mitigation specialist.
If you are interested in learning how to deal with cyber threats, the EC-Council Certified Incident Handler (ECIH) course will teach you incident handling and response process. The process includes stages such as incident validation and prioritisation, incident containment, and systems recovery. This allows you to have knowledge on how to respond to various types of security incidents.
Here at BridgingMinds, we are having a year-end promotion which includes courses like the ECIH, Prince2 Foundation certification, and Certified Ethical Hacker course certification. Singaporeans and PRs can enjoy up to 90% subsidy support, including courses eligible for SkillsFuture funding! Sign up now!