New Tactics Cyber Criminals are Using

Cybercrime poses a tremendous threat to any individual or any business. Statistics show that this problem is only getting worse with the help of new and evolving cybercrime tactics.

The cost of cybercrime damage each year is expected to reach $6 trillion by 2021. Furthermore, cybercrime is expected to more than triple the amount of unfilled cybersecurity jobs by 2021. Only with the help of top-notch network data security can one attempt to safeguard themselves from the malicious actions of cybercrime. It helps to be aware of the new tactics that cyber criminals are using to avoid their schemes. Here are the common targets for cyberattacks, what tactics cyber criminals are using now, and how to prevent them.

Common Targets for Cyberattacks

  • Healthcare organizations
  • Financial institutions
  • Small businesses or enterprises
  • Mid-sized and large companies
  • Military and National Security
  • Profit and non-profit organizations

Newest Tactics Used by Scammers

The clever strategies that cybercriminals use to exploit systems, applications, and network vulnerabilities are constantly evolving. While the complete list of tactics is rather lengthy, the newest and most popular include:

  • Ransomware
  • Social engineering
  • Artificial intelligence

Ransomware Demands a Cash Payment

Money talks when your network gets hijacked by ransomware. Hackers use ransomware to take access to a computer and hold it for ‘ransom’ until the user pays a sum of money. How does this happen? Usually, through a phish. The user opens an email with attachments containing malicious software or malware. Upon opening the attachment or other form of malware, the computer access is blocked until a payment is made.

Individuals usually get targeted, but eventually cyber criminals will start branching out to businesses. The FBI (Federal Bureau of Investigation) discourages businesses from paying a ransom in return for decryption keys. When companies cave in and pay cash, there’s no guarantee they’ll get full access to their data. This encourages cybercriminals to target additional businesses with ransomware.

Note: Immediately report any ransomware incident to your local FBI field office to report a ransomware event and to request assistance.

Training employees to recognize these schemes adds an extra layer of security to your organization. That’s why busy employees need to take additional time to review the details of an email before opening it. A simple click can download embedded files that cause computer slowdowns, pop-ups, files to be taken captive or destroyed, or much worse. On a larger scale, software downloads can damage or disable computers and entire computer systems.

Social Engineering Schemes

There’s a psychology behind malicious activity. Hackers will use different tactics like emails, social media, instant messaging, and texts to fool users into sharing sensitive information or visiting malicious URLs. Social media and mobile platforms are vulnerable to social engineering and hacking. One targeted strike can reach a large audience within seconds.

Cybercriminals are versed in the art of manipulation. Don’t fall prey to an intriguing subject line in your feed or rouge social media apps. Consequences of one failed ‘click’ can immobilize computer applications and networks.

Artificial Intelligence (AI) Threats

Artificial Intelligence technologies (AI) and cybercrime are intertwined. AI is the use of machines and computer programs to search databases 24/7. Machines can be used to mine large amounts of data using mathematical and artificial intelligence algorithms. AI is quickly becoming a more sophisticated tool in the hands of cybercriminals to hack and mine your data.

Our Professionals Can Protect Your Network From Cybercrime

Our team at Strategic Systems – A Division of CEI is ready to protect your network against malicious cyber crime activities. As malware attacks become more aggressive and sophisticated, we are becoming more and more equipped to handle security issues and safeguard your business data. We use current DNSWatch services to ensure online safety and to prevent connections to malicious domains. Discover our IT solutions, schedule a consultation by calling (919) 783-1410 or by filling out our online contact form below today.