Top 10 types of cyber-attacks that can compromise an organization’s security

Cyber-attacks are a growing threat to organizations of all sizes, and it is critical for companies to understand the various types of attacks they may face. Here are the top 10 types of cyber-attacks that can hamper an organization’s security:

Top 10 types of cyber-attacks

Phishing:

This type of attack is used to steal sensitive information or login credentials by tricking individuals into revealing their passwords or other personal information through fraudulent emails or websites.

Here is a list of some key cyber attack statistics as per IBM’s 2022 Cost of Data Breach Report-

• With 16% of breaches, phishing was the second most common cause, costing $4.91 million.
  

• During this year, 19% of data breaches used stolen or compromised credentials as their main attack vector.
  

• Averaging $4.5 million, breaches brought on by lost or stolen passwords.
  

• With a 243-day identification period and an 84-day containment period, this type of breach had the longest life cycle.
  

• The average amount of time taken to find and contain a data breach is 16.6% longer than this amount of time.
  

• With a 16% frequency and a cost of $4.91m, phishing was the second most frequent reason for breaches.

Ransomware

In a ransomware attack, hackers encrypt an organization’s data and demand a ransom payment for its release. These attacks can cripple an organization’s operations and result in significant financial losses. In 2022, ransomware remained the most common type of malware. As a result of its capacity to extort large amounts of money, it has grown in popularity among cybercriminals. Cybereason. Ransomware attacks surged dramatically in 2022, with 25% of all breaches involving ransomware attacks, according to Verizon’s 2022 Data Breach Investigations Report.

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