Cyber Crimes and the Threat They Pose to Your Business

Presented by Ivan Yordanov
Cyber Crimes and the Threat
They Pose to Your Business
Go Live UK Ltd
52 Great Eastern Street
London, EC2A 3EP
www.goliveuk.com
Е. info@goliveuk.com
T. 020 77299 330
F. 087 00941 053

Regardless of whether you own a small, family sized business or a large company with lots of
employees, nobody is invulnerable to attacks on the Internet. With things such as the Cyber Essentials
initiative becoming a staple in the way of cyber security, the overall cyber crimes awareness has risen
greatly in comparison to what it was in the not-so-distant past. Nowadays, having your company undergo
such a test is a great way to express your concern about your customer’s data. However, they will not
make your system impervious to attacks and it's important that you know what types of cyber crimes you
can fall victim to and what can happen as a result.
Address: Go Live UK Ltd, 52 Great Eastern Street, London, EC2A 3EP
www.goliveuk.com, Е. info@goliveuk.com, T. 020 77299 330, F. 087 00941 053
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Cyber Crimes Definition
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Cyber crimes are a type of criminal activity conducted via the Internet,
where an individual or a group of individuals aim to disturb the way in which your
systems function, steal sensitive information or otherwise prevent your company
from conducting its business. Just like with real life crimes, the motives can vary
between cases – begrudged employees, ex-employees, financial motivations, etc.
There are many different types of cyber crimes that you can fall victim to and we’re
going to go over three of the most common ones – Malware, Distributed Denial of
Service attacks and Phishing attempts.

Cyber Crimes Often Lead to Loss of Data - Malware
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One of the more dangerous types of malware that has been
gaining popularity recently is ransomware. Ransomware and crypto-
viruses are mostly targeted at companies that handle large amounts of
data and work with sensitive information. These attacks often result in
losing access to certain or in some cases all of your files, websites,
digital storages and so on. Cyber crimes of this type are usually
committed by groups or individuals that are mostly after money, as
shortly after, the perpetrator(s) tend to send threatening messages,
demanding a certain ransom that you’d have to pay in order to regain
access to your files.

All it takes is downloading a piece of software from an
untrusted source and running it. This type of cyber crimes work
extremely quickly and can set their hooks into your system in the
manner of seconds. After that point, everything can only go
downhill and you should seek the aid of specialists ASAP.
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How can you fall victim to this type of cyber
crimes?

How to prevent this?
Cyber crimes statistics show that this type of activity is quickly
gaining popularity and as such, it’s crucial to make sure that you’re
protected against it. Never, ever download anything from an untrusted
source. Better yet, make sure that everyone in your company is well
aware of this threat and prohibit visits to untrusted websites from
inside your company. There’s a few steps that you should take to
protect your company from this type of cyber crime. First of all, keep
your OS (Windows) or your MAC up to date – software often comes
with vulnerable sides and all these updates that Microsoft keeps
releasing serve to plug the holes. Then, make sure that you are using
a good mail filtering system as it will greatly reduce the amount of
unwanted messages that can reach your company. Finally, employee
awareness is key.
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Cyber Crimes Resulting in Denial of Service -
DDoS Attacks
Another very prominent type of cyber attacks that is also
getting more and more popular is the DDoS attack. These types
of cyber crimes are usually done with proving a point or gaining
publicity in a certain manner in mind. They tend to overload
servers and internet connections, denying given servers the
ability to operate as intended. While there are preventive
measures that can be taken against this, there is only so much
that can be done beyond careful filtering and having things to fall
back upon.
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crimes?
Falling victim to DDoS attacks is rarely the fault of employees or
businesses directly, as they aren’t related to downloading or
clicking in specific places, it’s mostly up to the perpetrators
desire to mess with the given servers as a means of achieving a
personal goal.
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Cyber crimes statistics can show that the complete and total
prevention of DDoS attacks isn’t in the realm of possibility, due to the
sheer amount of data that a group of individuals can direct at a server,
given enough time, effort and desire. However, there are tools to
mitigate the damage and with the help of specialized software and
companies, your business can be protected against the weaker
attacks.
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Cyber Crimes Evolve but Never Completely
Change – E-mail Spam & Phishing
Finally, email spam is almost as popular as it's been in
the past and email phishing keeps on going, without giving any
indication about running out of steam anytime soon. Very often,
people receive email from unverified and suspicious sources,
containing messages and information, compelling them to visit a
certain site and enter their personal data in some type of form.
Falling victim to these types of cyber crimes can lead to having
certain sensitive information floating around in the internet, often
connected to significant financial losses.
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crimes?
Following links to strange looking sites, filling in personal information
without making sure that the web page asking for it is authentic and lack of
overall use awareness are the most common problems that can put one in a
situation where they can become victims of phishing.
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According to cyber crimes statistics preventing the success of
phishing attempts is simpler than combating most other types of cyber crimes
as your strongest weapon here is employee awareness and knowledge. One
should always carefully look and think before they click on a link, checking
where they will be led to and what the page in question asks for once they
arrive. Spam filters are also evolving to help better with filtering incoming
messages, preventing a decent portion of the malicious one from reaching
you.
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These are just a few of the most common types of cyber crimes
nowadays and it can be quite difficult to keep track of everything, staying up
to date. However, that’s exactly what a cyber criminal wants – you getting
tired of the whole process, giving him the opportunity to get into your system
and cause harm. Of course, nobody is expected to deal with the war against
cyber crimes their own – that’s why there are so many companies
specializing in cyber protection. However, this can potentially end up being a
double edged sword as it can also be used as the perfect cover for someone
who wishes to infiltrate your defenses. And it’s much easier to commit cyber
crimes when you have direct access to a computer from the inside of a
company’s network. Do your research before you hire a company to take care
of your cyber defense to avoid headaches afterwards.
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Thank You
Go Live UK Ltd
52 Great Eastern Street
London, EC2A 3EP
www.goliveuk.com
Е. info@goliveuk.com
T. 020 77299 330
F. 087 00941 053

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