In: Accounting
What are Articulate organizational risks associated with
cybersecurity attacks.
The following common risk are associated with cyber security attacks in a business organisation:
1) Pishing & Spamming: It is the process of sending unwanted commercial email to force any message on the customers. This damages the business royalty of the company as prolonged existence of such kind of message create negative impact on the customers mind about the product. It is observed that, often cyber attackers send such emails using other company brand name without their permission, for unethical practices or own advantages.
2) Password attack: The hacker usually tries to gains access to encrypted areas by breaking the firewall security. This allows them access to sensitive and confidential business data without the owner's permission. Such kind of attack creates substantial damage to the business economy.
3) Spyware attack: This attack helps the hacker to monitors the browsing habits of the users. Such activity helps to explore the habit of online transaction of the consumers of different companies. This will create a threat for losing your existing customers as the taste, preference and other habits of your consumers are accessible to the hackers.
4) Malware attack: This kind of attack is done to damage the e-commerce business system of the company in order to stop the business transaction for a certain period. This creates a downfall in the business for a specified period during which the competitor can create a monopoly market.