Avoid Being A Victim Of Cybercrime In 2016

Cybercrime is no where close to eradication. Online crime holds the pulse of sophistication in crafting threats and taking the phenomenon of cyber-crime to every possible next level.

A study from IBM reveals an exponential rise of the average cost of data breach has reached upto $3.79 million in 2015.

Following are the bad guys practice towards cyber-crime

• Performing Card not Present transaction

• Sophisticating mobile threats

• The increased adaptability in processing new payment schemes

• Targeting bio-metric access
  
  

This is not going to be the definite end, cyber-crimes are expected to overshoot in magnitude this 2016, as virtual criminal frauds are organized well that they over smart all possible security solutions at bay and hence are at a pace of taking an upper hand to rule the digital world.

As far as businesses are concerned, there can never be lenience while considering security as the subject. Every business connects to the world through the internet and that is the reason to pull out the right security in place. Every other day the hackers are finding new ways to create a backdoor to gain access over the sensitive information leaving business astray.

The Need of better security practice

Devices are getting smarter day by day – however the security features are still on the weaker side. Companies make it convenient for the employees to work from home - that they might stay connected to the insecure home network, which might in turn call for a compromise of data leading to security breach. By this way, there exists an allowance for every suspicious malware to sneak into the workplace. Therefore, implementing the right cyber security solution like Comodo Internet security suite will give way to protect the network providing safer corporate work culture.

Ransomware – The Biggest Threat

Ransomware is a type of malware through which the hackers find a backdoor to gain control over the victim's system. It further demands the victim to pay a ransom in order to allow the user to access the system. This is considered to be the biggest security threat to finance industry like banks, insurance companies and such which can blown down the company to no where – leaving customers' data astray.

To avoid being a victim of ransomware, the enforcement of strict security policies should be in place. This can be done by keeping the installed applications and software up to date and by implementing the use of effective security solutions to defend any such ransomware threat instantly. A regular backup of all the business information, be it online or offline - plays a vital role. This is to prevent the ransomware to steal and encrypt the information that might lead to a heavy security breach.