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SEGMENTECH is a Cyber-Security boutique professional services firm specializing in Identity Access Management (IAM) and Privileged Access Management (PAM) solutions implementation, operations, and integration. SEGMENTECH operates in North America, with an HQ in Canada, an office in Jersey City, NJ, USA, and a LATAM extension.

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The Top Security Risks & Vulnerabilities

Home / news  / The Top Security Risks & Vulnerabilities

The Top Security Risks & Vulnerabilities

Having our devices hacked can be very inconvenient as they can give hackers access to all our confidential information. Even though we have our antivirus software installed on our computers, there are many risks and vulnerabilities we can come in contact with. Every business is under constant threat from a multitude of sources. From the biggest Fortune 500 companies down to the small local business, no company is 100% safe from an attack. The internet has become a space full of malicious links, Trojans, and viruses. Data breaches are becoming more frequent, and unsuspecting users are more vulnerable than ever before. When one click can cost thousands or even millions, all users need to be aware of the most critical cybersecurity risks and vulnerabilities currently happening worldwide. This will help users stay alert and safe online for personal and business use. In the last year, we have seen a tremendous increase in people working from home worldwide. This has also increased the risk for cybersecurity threats due to digital connectivity beyond the traditional workplace. 

Here are the top cybersecurity risks that you should be aware of moving into 2021:

1. Malware – Malware is the collective name for several malicious software variants, including viruses, ransomware, and spyware. Malware typically consists of code developed by a cyberattacker, designed to cause extensive damage to data and systems or gain unauthorized access to a network. Malware is typically delivered via a link or file over email and requires the user to click on the link or open the file to execute the malware.

2. Data Breaches – Data breaches are why we should care about our privacy. Hackers and scammers target companies and individuals to obtain as much data as possible about an individual or company, which in turn helps them commit identity theft or collect funds on the black market for the data. It is essential to learn about how data breaches happen and what to do if you happen to get involved in one. When it comes to data breaches, we also have to think about social engineering, which is the art of manipulating people into giving  up confidential information. The types of information these criminals seek can vary. Still, when companies or individuals are targeted, the criminals are usually trying to trick them into giving them passwords or bank information. 

3. Mobile Security – The more tasks we do on our phones, the more personal data is being stored on them. Our smartphones are the most connected devices we carry, and ‘they’re incredibly vulnerable to many different kinds of attacks. Check Point’s ‘Sandblast ‘Mobile’ is the leading Mobile Threat Defense (MTD) solution, which provides complete threat detection and mitigation, full visibility, the best mobile catch rate, and simple deployment. Mobile devices used to be near-invulnerable to hackers, but times have changed. Nowadays, without proper security, your mobile device represents an in to many hackers.

4. Admin Account Privileges – One of the most basic ways of managing software vulnerabilities is to limit the access privileges of software users. The less information and resources a user can access, the less damage that user account can do if compromised. The protection of access to privileged accounts by PAM solution helps the organization reduce the risk of unauthorized access and likewise reduces their vulnerability to cyber-attacks by internal or external threats. We identify Privileged Access Solutions as one of the top tools you must-have in your company. We strongly recommend the implementation of CyberArk software for PAM. CyberArk is recognized as the leader in Privileged Access Management and delivers the industry’s most comprehensive solution, securing privileged accounts, credentials, and secrets wherever they exist — on-premises, in hybrid cloud and DevOps environments, and on endpoints.

5. Safe Computing – There are many threats today that we can fix ourselves with a bit of knowledge and reliable security software. Identity Access Management is super important to have in place as IT managers can control user access to critical information and systems. Systems used for IAM include single sign-on systems, two-factor authentication, multi-factor authentication, and privileged access management. Also, one of the most significant security vulnerabilities in any organization is its own employees. Whether  intentional or by accident, most data breaches can be traced back to a person within the organization that was breached. Lastly, having internet security software will help shield your organization from various online threats and cyberattacks.  Small businesses and startups are the most vulnerable to online attacks such as phishing, online fraud, email viruses, spam, and malware.