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Some of The Biggest Cybersecurity Issues Businesses Face Today

Besides the marketing and optimum products and services, the biggest issue that all businesses face is cybersecurity. With technology comes many blessings and, unfortunately, some headaches. Even reading this very article without adequate cybersecurity measures can permanently sink the brand’s reputation. To keep that a non-reality, these are the biggest cybersecurity issues facing today’s businesses.

Understanding the Importance of Cybersecurity

A Non-Stop Battle

In a nutshell, the art of cybersecurity is to protect a business or a personal user’s network from unwanted parties. Depending on the task and the network, this can be pretty simple or ultra-complex if you are running a Fortune 500 Company like Bank of America. Either way, because hackers don’t sleep on finding new angles for ransomware and other devastating cyberattacks, neither can businesses if they are to maintain their customer base to continue profiting.

The Biggest Cybersecurity Challenges

Managing Multi-Networks

Most medium-sized businesses work with multiple servers. Needless to say, that presents many cybersecurity challenges. If one server isn’t evenly yoked, it can bring down the entire house of cards. Most medium-sized companies and higher rely heavily on cloud servers, so they use AI in most cases to centralize the overall IT network security. By being on a universal standard, many businesses can hope to prevent security lapses.

Disgruntled Employees

Believe it or not, many of the biggest cybersecurity challenges come from within. With so much attention on keeping hackers out of the network, it’s easy to turn a blind eye and overlook employees. Again, AI tools come to the rescue to maintain adequate credentials to safeguard confidential information.

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With behavioral AI, companies can largely automate the responsibility of monitoring how workers and users operate on the network. That way, it can detect real-time threats and isolate them from the network. Behavioral AI tools can also automate these responses to the appropriate authorities.

Ransomware Attacks

Of all the hacking threats, ransomware continues to be one of the most potent. Ransomware attacks in recent years have taken down some of the biggest industries, including casino powerhouses like BetMGM, government agencies, and even major financial companies. Last summer, Patelco, one of the biggest credit unions, was forced to lock members out of their accounts for several weeks due to a ransomware attack.

Trained cyber thieves know where to look and take advantage of weak spots in network security. Being down even for a few hours can lead to millions in losses or more. Even worse, it can lead to a permanent loss of customer trust. Once trust is gone, chances are the business will be affected as well.

To help stay ahead, many businesses, especially large corporations, rely heavily on AI. AI first analyzes the network to see if it is up to the task. AI tools can even offer expert recommendations about how to best fit the network. AI tools can even analyze the network for future issues and offer suggestions to help remedy these future problems.

Similar to ransomware are phishing attacks. Sometimes, an innocent email that appears to be from a genuine source is enough to infect a network and steal valuable information. This was the case of the Patelco incident.

Remote Workers

More than ever, more workers are working remotely. This is especially so since the 2020 global pandemic forced people to stay home and work. Needless to say, this presents many cybersecurity challenges.

To complicate matters, because most businesses operate on cloud servers, the demand for having the latest cybersecurity measures is an ongoing battle. Being late on critical updates and security patches is all the opening that talented hackers need to bring the entire house down.

Even worse, outdated cloud server security can lead to damaging data breaches, backdoor ransomware attacks, and Trojan viruses.

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A case in point was the 2020 debacle, where an Amazon Web Services server was improperly maintained. The result led to a sensational data breach of over 100 million customers with credit card data breaches.

Weak Passwords and Account Information

Believe it or not, weak passwords and outdated credentials are enough to start data breaches and other hacking issues. To help remedy this, many of the top companies, online retailers, elite streaming services, and new sweepstakes casinos require fortified passwords for new members to join.

Having weak passwords makes it easy for sophisticated cyberthieves to guess and infiltrate a network with legitimate access. Thankfully, many businesses and online retailers heavily depend on behavioral AI to detect brute force logins and other devious attempts in real-time. A great way to help determine the legitimacy of a user is through multi-factor authentication.

Future-Proofing Your Cybersecurity Strategy

There’s no doubt that the future of optimum cybersecurity measures lies with AI tools. Even if AI is getting the job done, it constantly updates its databases to maintain the latest algorithms that continue holding cyberthieves at bay. Also, maintaining proper training remains just as vital as premium network security.