Our Thinking | Intercity Technology

8 Biggest Threats Behind Data Breaches

Written by Intercity | Sep 13, 2024 10:32:42 AM

In the last year alone, a staggering 718,000 UK businesses faced some form of cybersecurity breach or attack. That’s a number that’s hard to ignore. But here's the good news – you have the power to take control and strengthen your digital defenses before it’s too late.

In this blog, we’re diving into the eight most common causes of data breaches. By the end, you’ll know exactly where your vulnerabilities might lie and, more importantly, how you can protect your business from becoming another statistic. Let’s get started!

1. Weak or Stolen Credentials

Weak passwords are like leaving the front door wide open. When credentials are compromised, it’s a free pass for cybercriminals to enter your systems undetected. The solution? Strong, unique passwords, regular updates, and multi-factor authentication. Simple changes can make a world of difference in keeping your sensitive data safe.

2. Phishing Attacks

Phishing attacks are sneaky. They disguise themselves as legitimate emails or messages, tricking you into handing over sensitive information. With 84% of UK breaches involving phishing last year, it’s clear that staying alert is crucial. Don’t let a cleverly worded email fool you – think twice before clicking on anything that seems off.

3. Social Engineering

Cybercriminals don’t just rely on technology; they rely on human error, too. Social engineering manipulates people into sharing sensitive information, whether it’s a password or a critical detail about your business. The best defense? Awareness. Stay cautious, stay informed, and keep your data where it belongs – safe and secure.

4. Malware and Ransomware

Malware and ransomware attacks are like a one-two punch. They infiltrate your systems and can lock you out or steal your data. This threat is growing, but so is your ability to fight back. Keep your software up-to-date, invest in strong antivirus protection, and always be proactive when it comes to your security measures.

5. Insider Threats

It’s not always the hackers on the outside you need to worry about. Insider threats, whether accidental or intentional, can cause serious damage. Often, these breaches happen because employees simply aren’t aware of best practices. A little training and education go a long way in preventing these types of mishaps.

6. Third-Party Vulnerabilities

You’re only as strong as your weakest link, and sometimes that link is a third-party vendor. Vulnerabilities in external systems can open the door to a breach in your own network. Conduct thorough assessments of all third-party vendors, and don’t hesitate to put measures in place to ensure they meet your security standards.

7. Misconfigured or Insecure Databases

An improperly configured database can be a goldmine for hackers. Granting broad admin rights or neglecting to secure sensitive information is like handing over the keys to the castle. Make database security a top priority, and ensure access is restricted only to those who absolutely need it.

8. Physical Theft or Loss

It’s easy to overlook, but the physical theft or loss of devices is a huge risk. Laptops, smartphones, and tablets often store sensitive data, and if they fall into the wrong hands, it could spell disaster. Implement measures like remote wiping capabilities to lock down devices if they’re lost or stolen – better safe than sorry!

 

What Exactly is a Cybersecurity Breach?

A cybersecurity breach happens when someone gains unauthorised access to sensitive data, systems, or personal information. Whether they’re after financial details or confidential business info, the end goal is often the same: profit or leverage.

The aftermath of a breach can be devastating, from financial loss to long-lasting damage to your business’s reputation. But with awareness and the right security in place, you can drastically reduce the risk and keep your data safe from prying eyes.

Let’s turn the tide on cybercrime – one secure system at a time!

Your business's security is far too important to leave to chance. Request your Security Discovery Call today.

 

[1] & [2] https://www.gov.uk/government/statistics/cyber-security-breaches-survey-2024/cyber-security-breaches-survey-2024