Top 4 Cybersecurity Threats That Could Cost Your Business Millions

Top 4 Cybersecurity Threats That Could Cost Your Business Millions

Undoubtedly, technology is consuming more and more of your life, whether you love it, detest it, or fall somewhere in the middle. More people are working from home, and more organizations are conducting business online, causing our digital world to grow. But as we engage in more digital activity, thieves become more eager to profit from it, which fuels new developments in computer security concerns and online crime.

Major corporations worldwide have recently been victims of cybercrimes ranging from data breaches to CEO impersonation scams to unauthorized access to financial accounts. Companies of all shapes, sizes, and sectors, from fresh internet retailers to well-established multinationals, are at risk.

Many organizations need to put up more of a fight regarding their cybersecurity, as cybercriminals constantly improving their intelligence and strategic planning. You are responsible for safeguarding your business and ensuring it makes security investments. Outsourcing our cybersecurity services in Cincinnati, Ohio, gives you the required knowledge, tools, and assistance to protect your business.

1. Ransomware

Ransomware is one of the deadliest online dangers. It is malware made to limit user access to your computer. Pop-up advertising or phishing emails are two sources of it.

Lock screen and encryption are the two types of ransomware. You can't access your computer because of ransomware's lock screen. Your files are encrypted ransomware on your hard disk, shared network, USB, or cloud.

You'll get a message for each one requesting payment to reclaim access. Hackers may even pose as members of the police. They can claim that the money is needed to prevent being charged with a crime.

Never, under any circumstances, pay the ransom. It's a ruse to steal money, and access is never assured to be returned. Outsourcing cybersecurity consultants in Cincinnati, Ohio, can protect you from such attacks and help you to get the data back.

2. Denial Of Service

Cyberattacks that overwhelm a computer or network to prevent it from responding to queries are known as denial of service (DoS) attacks. When a distributed DoS (DDoS) attack is launched, it accomplishes the same goal. The "handshake" process is frequently interfered with, and a DoS is performed by cyber attackers using a flood attack.

A network's inability to function could be exploited by cybercriminals via a variety of different methods as well. A botnet is a type of DDoS in which a hacker can control millions of systems and spread malware. Known as "zombie systems," botnets aim to target and overpower a target.

3. Internet of Things Attacks

The Internet of Things is spreading rapidly; predicts that by 2025, there will be 75 billion linked gadgets. IoT includes tablets and computers, webcams, routers, smart watches, home appliances, manufacturing equipment, medical equipment, autos, and even home security systems.

Consumers find connected gadgets convenient, and many businesses now use them to cut costs by gathering vast volumes of analytical data and streamlining operational procedures. IoT networks are increasingly susceptible to attacks and intrusions from the IoT due to the increased risk that comes with more connected devices. IoT devices can wreak havoc, overload networks, or shut down crucial equipment for financial gain once hackers have taken them over.

Your organization can be protected from such vicious attacks if you put cybersecurity services in Cincinnati, Ohio, on your priority list.

4. Cryptojacking

The cryptocurrency trend has additional effects on cybersecurity. For instance, "mining" for cryptocurrencies on other people's personal or business computers is known as "crypto-jacking." Hackers might earn money by covertly using other people's networks since mining for cryptocurrencies (like Bitcoin, for instance) needs enormous quantities of computer processing power. Cryptojacked systems can cost firms money in lost productivity and downtime as IT tries to find and fix the problem.


Cyberattacks are now too sophisticated as our reliance on digital technologies grows. Therefore, firms relying on antiquated cybersecurity techniques expose themselves to a cyberattack.

Organizations must improve their cybersecurity program to stop these assaults. An efficient cybersecurity program can assist firms in thwarting assaults as they happen, speeding up recovery, and containing emerging dangers.

SpliceNet Consulting can help you strengthen your security position regardless of your cybersecurity maturity level. We can assist you in navigating the always-changing threat landscape by taking a flexible, realistic, and proactive approach to cybersecurity.