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In recent months, with the spread of COVID-19, cities, states, and countries throughout the world have mandated variations of stay at home orders. And since life has been lived indoors more than usual lately, with everything from work meetings to studying to family dinner nights, Internet usage has skyrocketed. But with this increased usage of WiFi, hackers are enjoying more opportunities to infiltrate home and business networks. In fact, increasing usage of the Internet has led to a 37% increase of cyberattacks in some areas, representing a widespread issue that is only going to become more of a problem as families, students, and businesses get back to normal in the coming weeks. But how many types of cyberattacks are well known and how can we stay safe during this time of at-home working, living and entertaining?
To take on this new wave of cybercrime, it’s important to understand what a cyberattack is and how to protect against it.
What is a Cyberattack?
A cyberattack is an attack originated by a digital system that hones in on another digital device, website, or any other digital network and compromises its privacy, the data stored in it, or its reliability. A cyberattack is a threat to everyone from major companies to small businesses, college students and working professionals.
Hackers who send out a cyberattack are looking to acquire unauthorized information on a digital network. They may also be looking to gain unauthorized use of a computer to get access to personal and confidential information of people and businesses.
Malware is software that is intentionally made to disrupt computers, servers, computer networks, or clients. It can come in many forms, including executable codes, active content, and other malicious software. These can all apply viruses, adware, Trojan horses, spyware, or ransomware in computers.
The most prominent type of malware, ransomware, blocks access to key components of a network and installs harmful software until a ransom is paid. Even then, if a hacker is paid to release the data it has stolen, they may not act in good faith.
Phishing is a cyberattack that is meant to steal restricted and private information, such as financial information, login details, and passwords. By impersonating someone, usually a supervisor or financial representative, a hacker gains access to this information by sending out an email or instant message that looks official, thus tricking the recipient of the message to send them their information.
In phishing emails, a hacker includes a link that directs users to a fake website that looks similar to a legitimate site and asks them to enter personal information. After the link is clicked on, the network is infiltrated and their information is stolen.
In this kind of cyberattack, the hacker covertly modifies an ongoing conversation between two or more people, like in an email or instant message. Those involved in the conversation are led to believe that they are directly communicating with each other, but the entire communication is controlled by the hacker.
An SQL cyberattack, also known as a Structured Query Language attack, allows the hackers to run malicious statements. These statements have the power to completely take over the database server. This kind of cyberattack allows hackers to bypass the validation and approval process of any web application.
This kind of cyberattack also allows hackers to recover the entire data from a database and grant access so that hackers can add, modify, and delete data, such as intellectual property and financial information.
In a DoS cyberattack, the hacker tries to make digital data inaccessible to its users. The hacker interrupts services of a host who is linked to a network’s WiFi and involves overflowing the machine with surplus applications to keep it from fulfilling authentic requests.
Protecting Against Cyberattacks with Insurance
One way to protect against the effects of a cyberattack is to obtain cyberattack insurance. This kind of insurance looks at a cyberattack from multiple angles, providing comprehensive protection for healthcare entities, banks, professionals, and individuals. This kind of coverage provides forensics analysis, restoration of data lost or damaged due to a virus, and notification tasks, sending out the right information to affected customers and credit monitoring.
This well-rounded approach to a cyberattack can help to limit the overall loss and damage originally intended by hackers.
About Mavon Insurance
At Mavon Insurance, we pride ourselves on our unique approach to insurance. We focus on integrity, communication, professionalism, respect and gratitude to help our clients succeed and place business in specialized markets. For more information about our products, or to become an agent, contact us today at (855) 248-1480.