What is Cybersecurity and Types of Cybersecurity threats

Cybersecurity is the process of safeguarding internet-connected systems’ systems, networks, software, data, hardware, and programmes from cyberattacks. Cybersecurity is a term that describes a set of techniques used to protect an organization’s security architecture and data from attack, damage, or unauthorised access. Cybersecurity is a broad term that refers to a variety of hardware and software solutions that can be used on a personal, business, or governmental device or network.

Understanding potential information risks, such as viruses and other dangerous code, is essential for cybersecurity. Identity management, risk management, and incident management are all part of cybersecurity strategy. Information security and cybersecurity are sometimes conflated.

Cybersecurity is concerned with preventing illegal access to computer systems, as well as damage or inaccessibility. Cybersecurity awareness has reached new heights. Many businesses and governments recognise that cyber security is one of the most important economic security threats they face, and that their economic prosperity is dependent on it.

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Types of Cybersecurity threats

Malware, which includes worms, computer viruses, Trojan horses, and spyware, is any file or software that is designed to harm a computer user. Malware infiltrates a network by exploiting a flaw, such as when a user clicks on a malicious link or email attachment, which then instals dangerous software.
Phishing is the practise of sending false emails that appear to come from a legitimate source. The purpose is to steal sensitive data such as credit card and login information, or to infect the victim’s computer with malware.
Ransomware is a sort of malicious software (also known as malware) that prevents users from accessing a computer system or data unless a ransom is paid. Ransomware is often spread by phishing emails or by accessing an infected website without realising it.
The psychological manipulation of people into completing acts or exposing personal information is known as social engineering.
APTs (Advanced Persistent Threats) are attacks in which an unauthorised user infiltrates a network unnoticed and remains in the network for an extended period of time. An APT’s goal is to steal data rather than cause damage to the network. APTs are especially common in industries that deal with sensitive data, such as national defence, manufacturing, and banking.
Eavesdropping attacks, often known as man-in-the-middle (MitM) attacks, occur when an attacker inserts himself into a two-party transaction. After interrupting the traffic, the attackers can filter and steal data.

Why Cybersecurity is Important

Because the world relies on technology more than ever before, cybersecurity is critical. As a result, the development of digital data has increased dramatically. Businesses and governments, as well as military, corporate, financial, and medical institutions, now collect, process, and store vast volumes of data on computers and other devices, and then transfer it through networks to other computers.

Devices and their underlying systems include flaws that, if exploited, can jeopardise an organization’s health and goals. Because a major amount of the data can be sensitive information, whether it’s intellectual property, financial data, personal information, or other forms of data, illegal access or exposure could have severe effects, cybersecurity is critical.

A company’s competitive advantage might be lost if vital data, such as source files or intellectual property, is lost. Furthermore, cybersecurity is critical since non-compliance with data protection requirements might result in a data breach, which can have a negative impact on corporate sales. A data breach is projected to cost an affected firm $3.6 million on average.