According to a recent report from Juniper Research, the cost of data breaches will rise from $3 trillion each year to more than $5 trillion in 2024. That is why it is essential to protect your business against cyberattacks and to make sure that your employees are aware of cybersecurity terminology and definitions. Here are the top 5 cybersecurity terms you need to know.
1. Data Breach: A security instance where information is accessed intentionally, such as emails, passwords, social security numbers, addresses, etc., without authorization and is used to commit fraud and theft.
2. DDoS Attack: A DDoS (Distributed Denial of Service) is an attack that crashes a network due to an overwhelming amount of requests. Recovering from a DDoS attack can be extremely expensive and according to Kaspersky, they cost small businesses an average of$120,000. For more detailed information about DDoS click here.
3. Malware: Malware is an umbrella term that describes all forms of malicious software. Common forms include viruses, trojans, worms and ransomware and have the ability to disrupt your computer system by downloading malicious code to your computer.
4. Ransomware: Ransomware is a form of malware. It is a different type of computer software that is downloaded when you open a link or email attachment that disrupts your system and locks you out of confidential files unless a ransom is paid. More information about ransomware can be found here.
5. Phishing: Last, but certainly not least, phishing is one of the most common types of cybersecurity threats. Phishing is when an email is sent to your computer that looks like it came from a trustworthy source but is really aimed to trick you into giving away confidential information.
Now that we have covered the cybersecurity terminology 101, we would love to help you if any of these issues look familiar to your business. You can contact us here or fill out our free online network assessment to assess your business’s cybersecurity needs and goals.