Cyber Threats to Organizations from Rival Organizations

-

This article discusses the threats and vulnerabilities researched over the internet related to information security in business operations. Sources of information for vulnerabilities and threats have been included with a clear description on which threats are prevalent and how they affect the business, organizations and governments.

Security threat is a malicious act that targets an organization’s systems or the whole organization to steal or corrupt data and disrupt the operations. Cyber security attack may be aimed by one organization to breach the systems of another organization with motivations of information theft, espionage, sabotage or financial gain, all with malicious intentions. Company data or its network may get exposed resulting in network or data breach. The threats have been classified into internal and external threats by Loch et. al (1992). The first category includes employee activities, administrative procedures, software problems and mechanical and electrical failures. The external threats come from hackers, competitors, viruses and natural disasters. The report by Rippleshot states that EVM are not fully capable of managing credit card fraud. The frauds are not curbed even though the liability has been managed. (Colwill, 2009) discusses important issues of internal threats related to information security in terms of cultural, social and economic factors. Some more attacks on information include drive-by download attack, phishing attack, botnet, distributed denial of service attack, ransomware, exploit kits, password attack, social engineering attack, man in the middle attack and advanced persistent threat attacks. These attacks have evolved to advanced level of sophistication, diversity and frequency and can bring an organization to a halt unless a dedicated security team is aware of them and ready to respond. The enterprise IT team must remain vigilant when it concerns protection of its data and networks. This requires thorough understanding of all possible threats and vulnerabilities that can cause undesirable situation.

Modern threats from fake identities have become harder to detect and stop. Threats render disruption in business continuity, while vulnerability causes exploitation of system by gaining unauthorized access to computer system. Vulnerabilities thus lead to data loss, destruction of sensitive data, malware installation, etc. harming the organization.

Credit Card fraud are getting more sophisticated through the chipped technology. I would like to delve deeper into the vulnerability of system which cause identity theft as mentioned by Kargie. Studying credit card fraud in detail shall provide a clear picture about how the attackers steal credit card information to make unauthorized purchases and use up the accounts stealthily.

Will surely research more on the CC Fraud and keep you posted!

Loch, Karen & Carr, Houston & Warkentin, Merrill. (1992). Threats to Information Systems: Today's Reality, Yesterday's Understanding. MIS Quarterly. 16. 173-186. 10.2307/249574.

References

Price, S., 2020, The Real Costs of Ecommerce Data Breaches, Espionage, and Security Mismanagement, Ecommerce Security, https://www.bigcommerce.com/blog/data-breaches/#the-costs-of-a-data-breach

Cloud Mask, 2020, Data Breaches: Threats and Consequences

Kragie, A., 2020, State of Card Fraud 2017, https://info.rippleshot.com/hubfs/StateOfCardFraud2017.pdf

Colwill, C., 2009, Human factors in information security: The insider threat – Who can you trust these days? Information Security Technical Report, Volume 14, Issue 4, Pages 186-196

Cassetto, O., 2019. 21 Top Cyber Security Threats and How Threat Intelligence Can Help. Published by: Exabeam, on 25th June.  https://www.exabeam.com/information-security/cyber-security-threat/

Comments

Post a Comment

Popular posts from this blog

IoT: Device Vulnerability & Security Concerns in Wearable Devices

-
Wearable IoT have broaden and improved the perspective of individuals about their surroundings. A successful IoT device has to be affordable as well as reliable. It should not interfere with other devices and should incorporate mechanisms to remain immune from interferences. It should further ensure effective battery life with perfect functionality and energy efficiency. However, the risks involved in attaining this ideal scenario are many. IoT include a plethora of devices or things like vehicles, smartphones, televisions, wearable devices like fitness tracking devices, smartwatch and Google Glass, etc. These devices are embedded with software applications, sensors and other components for receiving and sending data. A colossus of connected devices is created by inter-connectivity of those devices. This connectivity offers magnificent benefits to people’s lives but it entails certain security and privacy concerns. The most conspicuous among them are the wearable devices which are gain
Read more

Research Outlet: Industry Academia Collaboration Program

-
Image
In this era of new technologies emerging at an unprecedented fast pace, there is a binding need for collaboration between industry and academia. This article discusses the aspects of such alliance. Role of Academic I nstitut ions Academic I nstitut ions  serve both the industry and academia by providing a workforce, as well as furnishing innovative ideas to start new businesses. Therefore, the two are analogous to two banks of a river with their own independent sides. The two banks can be connected through bridges of science and engineering disciplines to contribute to the betterment of both—the industry and institutes. Therefore, institutes have to keep the curriculum in line with the changing needs of industry. Although it is not a quick and easy process but a continuous update in the syllabus shall keep the students and teachers at par with the demand in the market. The students learn the topics like testing, project leadership, management, professionalism and other skills within th
Read more

Artificial Intelligence in Patient Health Monitoring System

-
 Artificial Intelligence is the study and implementation of actions on computational devices which require human intervention. AI captures the intelligence and uses it in computation technology. Robert Plant stated “if Socrates is a man and all men are mortal, then it can be inferred that Socrates is mortal”. Similarly, AI works on the principle of transitive dependency. Human activities are recorded as the acceptable standard of decision making. Machine intelligence is built over those records and decisions are made by the intelligent machine which work very similar to humans. Basic Benefits to Healthcare workers and patients Software applications on Health care system are advantageous to the healthcare facilities, healthcare workers and patients. Some of the benefits of AI in health domain are The information can be quickly accessed with reduced errors. Healthcare workers can coordinate better among themselves reduced need of visiting healthcare facility AI offers better education an
Read more