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RESEARCH, ANALYSIS & TRENDS













































             Digital Risks and Cybersecurity:


             An Overview


            Digital threats and cyber attacks are the current demons   and cause havoc. In recent years, the cases in which
            of the economy. This is mainly because companies are   large  companies  and  corporations  were  attacked  has
            not  sufficiently  protected  and  prepared.  The  actual   increased.
            extent of the threat can only be estimated.          Malware - malicious software seizes data

            The reasons of cyber attacks and the risks that the gaps   Viruses,  worms and Trojans are another security risk.
            in IT security entail are shown in the following:    The  so-called  malware  has  evolved  into  a  worldwide
                                                                 criminal  industry  that  relies  on  making  profit  from
            Data loss - attacks and negligence                   captured personal information. A virus infects programs
                                                                 and performs certain actions when they start. A worm is
            The causes that lead to data loss are manifold. Not all   a  virus  that  sends  itself  to  other  computers  by  itself.
            are  due  to  external  attacks,  such  as  cyber  attacks.   Trojans  disguise  themselves  as  harmless  programs
            Other  damage  can  lead  to  the  loss  of  important  and   and unfold their effect only when the unsuspecting user
            sensitive  data,  too.  For  example,  poor  or  forgotten   has  executed  them.  But  by  now,  not  only  computers
            backups,  software  failures,  hardware  defects,  heat  or   are  being  attacked,  but  also  smartphones,  which  until
            water  damage,  these  all  are  a  risk.  Sometimes,   now are most often not protected. In Connected  Cars
            however, data is deleted accidentally. These are digital   such  a  malware  could  cause  considerable  damage.
            dangers to be avoided. For prevention, regular backups
            of all important stored data is a must.
                                                                 Extortion - Ransom to save data
            Hacking - vulnerabilities open the door
                                                                 Digital  blackmail  letters  threaten  companies  with
            One of the digital threats are hackers. They are looking   attacks  unless  they  are  willing  to  pay  a  ransom.
            specifically for security holes in the IT of companies to   Affected  are  above  all  financial  service  providers,
            attack  or  manipulate  them.  Through  hacker  attacks,   insurance  companies  or  online  service  providers,  but
            cybercriminals enter the internal network of companies   other  companies  that  manage  sensitive  data  become


      4            June 2019 - Cyber-security & Data Protection
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