Cybersecurity has become an issue for pretty much everyone because of the fact that this is the sort of thing that could potentially end up causing problems both for individuals as well as for companies and larger corporations. The occurrence of cyber crime incidents has increased quite a bit over the past few years, and this has prompted several companies to try and bolster their security to some extent or another.
With all of that having been said and now out of the way, it is important to note that the vast majority of these incidents might have more to do with human error rather than structural problems in cyber security networks. This comes from the Global Risks Report released by the World Economic Forum, and it has revealed that 95% of cybersecurity threats that people have faced have in some way been caused by human error and that is a factor that many people would need to take think carefully about.
One thing to bear in mind about this is that we are very quickly starting to become increasingly dependent on technology, with things like the metaverse and blockchain increasing the various ways in which we interact with tech on a day to day basis. This creates even more vulnerabilities to exploit which is why malicious actors were able to steal around over 400 million dollars in 2021 through ransomware which is well over four times the $93 million they managed in 2020.
Another thing to factor in is the rate at which vulnerabilities can be exploited. For example, the Log4j vulnerability was discovered earlier this year, and after it was found there were over a hundred attempts to exploit it every single minute. Malicious actors know that patches are rolled out quite quickly, and they use a similar level of swiftness to attempt to make the most of vulnerabilities before they can be fixed.
Read next: Google Drive and other popular cloud data storage apps under hot water as bad actors are leveraging these platforms to distribute malware
With all of that having been said and now out of the way, it is important to note that the vast majority of these incidents might have more to do with human error rather than structural problems in cyber security networks. This comes from the Global Risks Report released by the World Economic Forum, and it has revealed that 95% of cybersecurity threats that people have faced have in some way been caused by human error and that is a factor that many people would need to take think carefully about.
One thing to bear in mind about this is that we are very quickly starting to become increasingly dependent on technology, with things like the metaverse and blockchain increasing the various ways in which we interact with tech on a day to day basis. This creates even more vulnerabilities to exploit which is why malicious actors were able to steal around over 400 million dollars in 2021 through ransomware which is well over four times the $93 million they managed in 2020.
Another thing to factor in is the rate at which vulnerabilities can be exploited. For example, the Log4j vulnerability was discovered earlier this year, and after it was found there were over a hundred attempts to exploit it every single minute. Malicious actors know that patches are rolled out quite quickly, and they use a similar level of swiftness to attempt to make the most of vulnerabilities before they can be fixed.
Read next: Google Drive and other popular cloud data storage apps under hot water as bad actors are leveraging these platforms to distribute malware