Cyber Attacks And Its Effects On Business - 986 Words

Cyber attacks present a real and dangerous threat to organizations. Organizations are attacked for a variety of reasons, including financial gain, business disruption or political agenda using innovative techniques including the use of malware, bots and other sophisticated threat to exploit new vulnerabilities (The Impact of Cybercrime on Business, 2012, pg.1). It is widely believed that the utmost motivating factor for most attacks is financial fraud and gain, and approximately 5 percent by political and ideological agenda (The Impact of Cybercrime on Business, 2012, pg.2) Organizations are losing ground to the increasing sophistication of attackers who could be nation states, criminals or hacktivists.The complexity and sophistication of threat have increased so much that organizations struggle to fight these threats and most go unnoticed or unreported. The caliber of attackers has the capacity to deploy considerable threat intelligence, time and resources with the potential to caus e its victims, significant financial impact (The Impact of Cybercrime on Business, 2012, pg.1). This trend has grown in complexity with the surge the use of web 2.0, mobile computing and the increasing use of cloud, leading to the creation of more channels of communication and vulnerable entry points in the network(The Impact of Cybercrime on Business, 2012, pg.1 ). The biggest threat to the organization is the theft of intellectual property, business intelligence and the disruption ofShow MoreRelatedCyber Attacks And Its Effects On The Global Business Sector1270 Words   |  6 PagesIntroduction Cyber attacks are categorized in two ways :- 1. The first one is method for utilizing a PC to connect another PC. Case Dos assaults, hacking, infection work assault 2. 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