Data destruction attacks represent a particularly destructive branch of cyber threats where malicious actors intentionally destroy or delete critical data assets, aiming to cause maximum disruption. For C-Suite executives, understanding the depth and impact of these attacks is crucial to mitigating their potentially devastating effects on both operations and profitability.
The financial services industry, a cornerstone of modern economies, is a prime target for cybercriminals. The allure of vast sums of money, sensitive personal data, and the intricate web of interconnected systems makes it a lucrative hunting ground. This blog delves into the five most significant cyber threats facing financial institutions, providing insights into their modus operandi, potential impact, and strategies for mitigation.
Cybercriminals are opportunistic. They target organisations of all sizes, but healthcare MSMEs, with their rich trove of sensitive patient data, are particularly attractive.
Insider threats, malicious or negligent actions by employees, contractors, or partners, can be as devastating as external attacks. A single disgruntled employee with legitimate access can wreak havoc, stealing sensitive information, disrupting operations, or damaging your reputation.