What Are Cybersecurity
Risks? What Businesses Must Do About It?
Security Council at GISEC Global 2023 -
onsite event photos
Cybersecurity risks are serious threats and
vulnerabilities in the digital world that can
greatly impact businesses.
These risks can lead to financial losses, damage to
reputation, disruptions in operations, loss of
theft of intellectual property, interruptions in the
supply chain, legal and compliance issues, and a
Common cyber risks include:
1. Data breach is the unauthorized
access or acquisition of sensitive data, leading to
financial loss, legal consequences, and reputational
2. Phishing and social engineering
refers to fraudulent attempts to deceive employees
into sharing confidential information or performing
actions that can compromise security.
3. Malware attacks involve the
infiltration of systems with harmful software such
ransomware, or spyware. These malicious programs
have the potential to disrupt operations, compromise
demand financial extortion.
4. Insider threats are the Internal
employees or trusted individuals who misuse their
privileges to exploit vulnerabilities, steal data,
or cause damage.
5. Third-party risks involves the
vulnerabilities arising from the use of third-party
suppliers, or contractors who may have access to
sensitive data or systems.
6. Weak or stolen credentials are
the weak passwords or stolen login credentials by Cybercriminals
to gain unauthorized access to networks and systems.
7. Distributed Denial-of-Service (DDoS)
attacks refers to the excessive traffic
causing service disruptions and loss of revenue the
staggering a network or website.
Stand at GISEC Global 2023 - onsite event
Preventing Cyber Attacks: Essential Measures
for Businesses to Mitigate Risks.
1. Implement strong security
measures, which includes using
cybersecurity products such as, robust
firewalls, up-to-date antivirus software, and
intrusion detection systems.
2. Enforce strong password
practices among employees and explore
the adoption of multi-factor
3. Enhance your company's cybersecurity defense with
comprehensive training on cyber threats and
techniques. Educate your employees and
equip them with the best practices to safeguard
4. Keep your software and systems up to
date. Stay ahead of cyber threats by
security patches and updates to fix any known
5. Take preventative measures by regularly
backing up your data to minimize the
ransomware attacks and hardware failures. Safeguard
your critical information by maintaining offline
reducing potential damage in the event of
6. Create comprehensive incident
response plans to effectively manage
Ensure your organization is prepared to swiftly
contain, eradicate, and recover from any cyber
7. Perform routine security audits
to evaluate the organisation's security stance,
vulnerabilities, and implement necessary safeguards.
8. Enhance network security with real-time
monitoring tools to identify and
address suspicious or
9. Manage third-party risks
Mitigate third-party risks by thoroughly assessing
managing the security practices of vendors. Conduct
due diligence and establish contractual terms to
10. Stay informed and connected to the
Cybersecurity Community by
collaborating with leading Cyber
experts. Keep your business up to date with the
latest cyber threats, trends, and best practices by
monitoring cybersecurity resources and partnering
with trusted cybersecurity professionals. Engage in
discussions within information security groups and
forums. Take advantage of the opportunity to attend
conferences and exhibitions to enhance your
cybersecurity strategies and learn best practices
from fellow cybertech
professionals. GISEC Global is one such
cybersecurity exhibition and conference you can look
forward to attend to.
Proactively addressing cyber risks and implementing
robust cybersecurity policies can safeguard business
foster trust among stakeholders, and mitigate the
impact of cyber incidents.
About GISEC Global
GISEC Global is the super-connector event for the
global cybersecurity community. Top cybersecurity
40 countries, CISOs from major corporations across
the Middle East, Africa & Asia, government
dignitaries and cyber
leaders, regional and international innovators and
global experts came together to decisively lead
transformations across sectors and nations.
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