Question

Identify a specific example of a cyberattack and discuss security measures that could be been employed to protect against this type of cybercrime. Discuss the impact of cybercrime on an organization's reputation and how cybercrime can affect an organization's sustainability.

Answer 1

Answer : Cyber attack is an attack launched from one more computers against another computer , multiple computers and networks. It is a malicious attempt and deliberate attempt by an individual or organization to breach the information system of another individual or organization.

Example of Cyber Security - WannaCry : WannaCry is a ransomware attack that spread rapidly in May of 2017. It took over infected computers and encrypted the content of their hard drives , then demanded a payment in bitcoin in order to decrypt them. The malware took particular root in computer at facilities run by the united kingdom's NHS.

GitHub : On Feb 2018 , the version control hosting service GitHub was hit a massive denial of service attack , with 1.35 TB per second of traffic hitting the popular site.

Various ways to protect from cyber crime -

1) Secure your hardware

2) Encrypt and back up data

3) Stay ahead by backing up data and storing it separately

4) Invest in cyber security insurance

5) Create a security-focused workplace culture

6) Discourage password sharing

7) Use robust anti-malware and firewall software

8) Protect against the threat of an attacks

Affect and Impacts of cyber crime -

1) Reputational damage - Loss of customers , loss of sales , reduction in profit.

2) Economic cost of cyber attack - Cyber attacks often result in substantial financial loss arising from theft of corporate information or theft of money or loss of business.

3) Intellectual property damage - If your business were to experienced a cyber attack that stole company idea etc would lose the competitive edge it once had over other business in the market. A cyber crime stealing these ideas and plan could easily expose to them to your competitors.