Attacks on a company’s cybersecurity are becoming more serious, endangering its money, reputation, and operating ability. Businesses frequently need to take a proactive stance to stop such assaults. They must also learn about the modern threat actors’ preferred assault vectors.

1. Watering Hole Attacks 

The following web-based attacks target businesses on websites they often visit; in many ways, predators stalk animals at watering places in the wild.

• XSS (cross-site scripting)
• Injection of SQL
• DNS cache contamination
• Quick downloads
• Malvertising
• zero-day flaws

Hackers can exfiltrate data, drop malware, and perform other actions via web-based assaults.

The 2016 breach of the International Civil Aviation Organisation (ICAO), which was situated in Montreal, is one of the most well-known instances of a watering hole assault. Multiple ICAO servers were compromised by hackers, who then transmitted malware to other websites, organisations, users, and employees.

2. Supply chain assault

Although there are several significant variations, a supply chain assault and a watering hole attack may appear identical. A supply chain assault spreads malware through the weakest link in a company’s supply chain system instead of a watering hole attack, which corrupts a website or platform to target a particular user group.

For instance, it’s possible that state-sponsored hackers attacked SolarWinds’ well-known clientele using their products. These clientele include the Treasury Department, Homeland Security, other prestigious institutions, and American cybersecurity agencies.

 3. Whaling Attack

Threat actors utilise social engineering methods, including phishing, smishing, vishing, baiting, and pretexting, to trick some of the following high-value targets in a spear-phishing assault known as whaling:

• Directors
• CEOs 
• CFOs 
• Presidents
• Vice Presidents
• safety squads

Hackers can use a whaling assault for espionage, activism, supply chain attacks, or watering hole attacks. Whaling attacks frequently have a financial motivation. For instance, a finance official from the world’s largest toy manufacturer, Mattel, sent $3 million to a con artist after getting a request that seemed to be from the CEO of the business.

Whaling assaults can affect medium-sized and large firms; they can affect both. A hacker fooled a real estate firm owner in 2019 and lost $50,000.

4. Ransomware assault

Ransomware is software that locks computers and systems in return for money, as you know. Some ransomware strains, like Petya, NotPetya, and WannaCry, can roam between systems and indiscriminately attack individuals and organisations.

However, state-sponsored ransomware criminals utilise cunning variants to target specific businesses, crippling them and demanding hefty ransom payments. Colonial Pipeline paid the cybercriminal gang DarkSide $90 million in Bitcoin ransom after using ransomware to shut them down.

Cyberattack Prevention Techniques

Although there is no perfect way to protect your company against online attacks, you can greatly reduce risk. To begin, create a solid cloud migration strategy.

Due to Azure’s cutting-edge cybersecurity protections and exceptional disaster recovery capabilities, many firms are switching to it. Additionally, they are using Microsoft Cloud Security Solutions, including Insider Risk Management, Microsoft Sentinel, and Defender for Cloud.

Businesses in Canada are using Softlanding IT services in Vancouver, Toronto, Montreal, and other significant Canadian cities to aid with cloud migration and cybersecurity. The business provides some of the top consulting services for security and compliance. It assists companies in creating on-premises, hybrid, and cloud environments that are customised to meet their unique IT requirements.

Please invest in intelligent endpoint security, anti-ransomware technology with data rollback, improved password hygiene, and transitioning to the cloud with trustworthy Managed IT services providers (MSPs).

Your business can maintain the security of its operations, partners, workers, and data if you have the best MSPs, tools, and practices.

Also read:-Hard Skills That Will Shape Your Career In Cybersecurity

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