Top 9 List of Cybersecurity Threats to Businesses in 2022

Threats – The global cybersecurity market is anticipated to be worth $352.25 billion by 2026. This represents a 14.5% annual growth rate. Additionally, the international cost of cybercrime is approximately $600 billion annually.

According to the 2019 Global Data Risk Report, despite these shocking statistics, only 5% of corporate folders are adequately protected. In addition, nearly eighty percent of senior IT and IT security leaders think that their organizations are not sufficiently safeguarded against the increasingly sophisticated cyberattacks of today.

We suggest you start by learning about the most recent cybersecurity threats and simple ways to protect yourself if you want to protect your business in 2022 and beyond.

Top 9 List of Cybersecurity Threats to Businesses in 2022:

1. Assault on the store network:

Cyberattacks aren’t just bad for your business anymore. Additionally, it may hurt your supply chain partners, suppliers, and other businesses. It is anticipated that private organizations and government officials will collaborate to identify and stop cybercriminal groups to combat these supply chain attacks. Reduce the likelihood of supply chain attacks and ensure that your supply chain is robust.

2. Digital money assaults:

It is anticipated that cybercriminals will devise novel and creative means of stealing digital currency as a growing number of people use it. Cyber gangs attempt to profit from vulnerabilities in IT and security systems. Having the proper IT support for your business is crucial because of this.

3. Attack by mobile malware:

Cybercriminals are turning to mobile malware as remote work becomes the norm in 2020 and 2021. In 2021 alone, no less than one worker downloaded a vindictive portable application in 46% of associations.

Companies will need to make sure that their employees are well-trained on how to use mobile phones safely in 2022, as many employees will continue to work from home or use hybrid work arrangements. Identify all possible entry points for cyberattacks, including laptops and company phones.

4. Attacks on microservices:

Since most cloud service providers now support microservices, cybercriminals naturally discover ways to exploit microservices for their benefit. Microservice attacks on CSPs should be on the radar of businesses over the next year. This is because each year the CSP goes up.

5. Attacks by phishing:

Phishing is the attempt by attackers to trick users into using bogus websites or payment gateways or clicking on malicious links to download malware.

Phishing attacks are perhaps the most damaging and pervasive threat to small businesses. Phishing should be possible using instant messages (smishing), online entertainment, or via telephone (fishing). However, the expression “phishing” is principally used to portray assaults that show up through email.

6. Attack by malware:

Intrusive software created by cybercriminals to steal data and harm or destroy computers and computer systems is referred to as malware, which is abbreviated as “malicious software.”

Small businesses suffer the most from these attacks because they can disable devices and necessitate costly replacements or repairs. It also has the potential to serve as a back door through which hackers can gain access to your data, which could put your clients and employees at risk.

7. Attack by ransomware – Threats:

One of the most common cyberattacks, ransomware affects thousands of businesses annually. It differs from other types of malware in that it can encrypt company devices and demand a ransom to unlock them.

Small businesses are much more likely to pay the ransom, the attackers know. The explanation is that information is frequently not supported and should be ready to go straight away.

Although ransomware attacks are not new, their costs have increased significantly in recent years. The average ransom payment increased from $5,000 to $200,000 between 2018 and 2020. Businesses suffer financial losses because of ransomware attacks, and hackers gain access to systems in exchange for ransom. After a ransomware attack, the typical downtime for a system is 21 days.)

8. Attack via web exploit – Threats:

When you use online software or tools to access sensitive data, web exploit attacks take advantage of holes or flaws.

Mimecast goes into detail about: Therefore, there are application security programs that are made to protect against most web application attacks. A web application firewall protects and blocks malicious traffic, and automated vulnerability scanning and security testing assist businesses in locating, analyzing, and mitigating vulnerabilities and misconfiguration.

Secure development tests, in which the security team examines the effects of system attacks and works to make the system as secure as possible, may also be included in some offerings.

9. Massive breach of data – Threats:

It is anticipated that cyber gangs will carry out more sophisticated and widespread attacks as technology advances and infrastructure improves. Cybercriminals are motivated by this to demand higher ransoms to recover the stolen data. Therefore, you should think about purchasing cyber insurance to cover losses caused by cyberattacks. Enabling data encryption also makes it possible to store and securely share data, avoid using the same password for multiple accounts, and use passphrases instead.

You will be well on your way to protecting your business if you can identify the threats to it and become familiar with these kinds of cyberattacks. Remote workers learn how to identify and avoid these common cyber threats by investing in employee training.