IoT ransomware operates similarly to traditional ransomware but targets IoT devices instead of conventional endpoints like computers or servers. Once IoT ransomware gains access to an IoT device, it can:
Zero-day vulnerabilities refer to security flaws in software or hardware that are unknown to the vendor. Until the vulnerability is discovered and patched, it remains a potential entry point for attackers to exploit. The term “zero-day” reflects the number of days the vendor has had to address the flaw—zero. Consequently, zero-day attacks are challenging to defend against because they exploit vulnerabilities before any fix is available, making them prime opportunities for cybercriminals.
Cyber-espionage involves the illicit gathering of sensitive data and intelligence through cyber means, often conducted by or for nation-states seeking strategic advantages over rivals. This form of cyber attack targets confidential business information, government intelligence, intellectual property, and personal data to:
– Undermine a competitor’s market position,
– Influence policy and decision-making,
– Gain technological and commercial insights, or
– Disrupt operations.
Hack to Trade is a growing cybercrime that has become a significant threat to the integrity of financial markets. This practice involves hackers gaining unauthorized access to sensitive information about companies, financial institutions, or regulatory bodies to manipulate stock prices for personal gain.
Backdoor attacks, a stealthy and insidious form of cybercrime, have become a significant concern for businesses of all sizes, including micro, small, and medium-sized enterprises (MSMEs). These attacks involve the insertion of unauthorized access points into software, systems, or networks, enabling attackers to bypass security controls and gain persistent access for malicious purposes.