Many businesses are running remotely as a result of the latest COVID-19 pandemic. The 'new normal' has expanded the market for digital transformation initiatives and cloud migration strategies. However, according to Verizon's 2020 Data Breach Investigations Report, cybercriminals are taking advantage of enterprises' desperate digital transformation initiatives by developing new ways to target and exploit their web applications.
Cyberattacks are getting common and their impact is quite severe. Security breaches are no longer limited to a few large tech companies. Cybercriminals have rapidly altered tactics and started targeting several Small and Medium Enterprises (SMEs) as well. Today, companies, big or small, are targets of ransomware, viruses, malware, bots etc. Hence, it is important to understand some of the common cybersecurity keywords or jargon.
A web developer’s ultimate goal is to not only develop a website or an app that is aesthetically and functionally stunning but highly secure as well. Cybersecurity is inevitable and no end-user would want to have an app that could breach or compromise their data security and integrity (no matter how useful the app is). With hackers and middlemen working on creative ways to explore vulnerabilities, it is on developers like us to take charge and be a step ahead of them.
Adaptation of large-scale web applications at a wider level in several multi-faced industry verticals like healthcare, banking, intelligence services and others has exposed them to massive data breaches. Despite increasing awareness about security, complex threat vectors continue to put organizations across the globe under attack.
Over time technologies evolved and now things that seemed to be not possible several years ago become the reality. Now you can order food, services, and basically anything you need online, and pay for it without leaving home. No surprise here, that cash payments are becoming a relic of the past. Along with wireless payments like Google or Apple pay (that still require assigning a banking account or card i.e. physical currency), the cryptocurrencies like Bitcoin are getting widely used.
With the onset of the ongoing COVID 19 pandemic, cybercriminals started looking for opportunities to threaten the already suffering businesses through malware, ransomware, and social engineering attacks. Amidst this public health crisis, a new remote working culture evolved as remotely connected workplaces had to adapt rapidly to a greater digital threat emerging online.
The network of interconnecting devices to exchange data popularly known as the Internet of Things is evolving rapidly in the fast-paced industry of technology. However, advancement in IoT has also taken a toll on security. IoT Systems strive to enhance productivity, efficiency, and flexibility but also invite uncalled risks to the network. IoT Security stands as the need of the hour for secure and holistic development.
Companies with a presence on the internet and widespread networks are increasingly being targeted by malicious code writers. There’s ample evidence to suggest hackers and Advanced Persistent Threat (APT) groups routinely run campaigns trying to snare employees, contractors, etc. to steal data or hold it for ransom. Simply put, cyber threats and cyberattacks are on the rise.
