Serious cyberattacks in Europe doubled in the past year
June 17, 2021 (2 years ago)
Serious cyberattacks in Europe recently doubled in the last year, with new threats arising daily. Cybersecurity companies are facing a very difficult situation with a large number of European companies being subject to cyber attacks and having their data stolen. Criminals have become more creative as well, using ever more sophisticated tools as they don't have to rely on traditional methods anymore, such as worms or viruses for attack. The most important thing is that everyone is aware of the risk posed by cyber attacks and that we have a single, unified approach to dealing with them.
Ransomware attacks have been around since at least 2021. It was primarily targeted at businesses but has now spilled over into the consumer world as well. Ransomware usually comes in the form of a freeware application which needs to be downloaded and then used to hack into a victim's system. It usually requires the user to provide financial or personal information, including passwords. As the number of freeware applications increases, so does the number of businesses that are prone to these types of attacks.
Computer viruses are another frequent target for attackers. There were about 1.5 million attacks on computer networks in the last twelve months. Most of these were caused by a computer virus, which spreads by installing and then running malicious software on a system. The most critical types of computer viruses are referred to as "rogue antivirus" programs. Many of these attack critical Windows code, making it very difficult or impossible to work. There is also a risk of denial-of-service attacks, where the infected computer system will perform all functions but will not do anything at all.
The biggest threat to enterprises lies in the form of "malware". Malware is software that corrupts system files and is used to monitor network usage. A new study by two French research companies estimates that there may be as many as one hundred thousand new malware attacks every week, with more than half originating from the internet. This is just the beginning of what could become a very serious cyberoffensive against organizations in Europe.
Experts believe the biggest threats are being perpetrated by organised groups, using the anonymity of the internet as their tool. The most common tools used for cyber crimes include currencies, computers, and telecommunications, according to experts. Rob Robinson said that organised criminals were using currencies such as the EUR/USD, US dollar, and the British pound to conduct illegal, criminal transactions in Europe. He also said that some currency exchanges are starting to get hit harder than others, specifically the EUR/GBP exchange rate which has increased over the last year.
Most cyber attacks are not necessarily done by hackers looking to steal company or employee information. Many are executed by groups that are attempting to interfere with or sabotage computer systems or are trying to launch DDoS attacks (or Denial of Service attacks). In many cases, an attack may only be launched a few weeks before it is discovered. These coordinated attacks can bring down a server or a network, and if large enough, can shut down a country or a company. In addition, these coordinated attacks often result in higher than normal financial losses, and the results of the damage can sometimes be far more extensive than a simple hack.
As a result of the severity of cyber attacks in Europe, there has been increased security focus over the last few months. Many new security measures have been put into place to prevent such attacks from becoming a serious cyber-attack. Some of the more general cyber attacks include the sending of fake spam email, phishing emails, fake websites, and the leaking of confidential company information. Many businesses are now requiring employees to take several extra anti-virus or anti-malware programs with them, instead of just relying on their own program.
In fact, many companies have now made it mandatory for all of their employees to use antivirus or anti-malware software during the course of their work. Many cities in Europe have also started to install CCTV cameras in high traffic areas, in order to monitor the activity that takes place around the city. While there are no concrete plans for reducing cyber attacks in Europe, it seems that this issue will only grow in the coming years. As such, every business that wants to stay ahead of the cyber attacks must be aware that doing so will require a lot more resources and funding in the coming years. By securing their networks now, a business will be better prepared in the future.
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