In the digital age, cybersecurity threats are a constant concern for businesses. In the UK, the landscape of these threats continues to evolve, with new challenges emerging each year. In 2024, businesses need to be aware of the top 8 cyber threats and take appropriate measures to safeguard operations. This article will outline these threats, explain how they work, and provide guidance on how businesses can protect themselves. We will also discuss how as a leading Bristol IT Support Company, Three Cherries can assist in making your systems safe and secure.

1. Ransomware-as-a-Service (RaaS)

Ransomware-as-a-Service (RaaS) is a cybercrime model where hackers create and sell ransomware to other criminals who then carry out attacks. The ransomware encrypts a victim’s data and demands a ransom to restore access.

To protect against RaaS, businesses should regularly back up their data and ensure that backups are not connected to their main networks. Regular software updates and staff training to identify suspicious emails can also help prevent ransomware attacks.

2. AI-Powered Attacks

AI-Powered Attacks use artificial intelligence to automate cyber-attacks, making them more effective and harder to detect. These attacks can range from phishing attempts that mimic human writing to advanced malware that adapts to evade detection.

Businesses can defend against AI-Powered Attacks by using AI-based cybersecurity tools that can detect and respond to these sophisticated threats. Regular staff training to keep up with the latest threats is also crucial. This can be done by choosing a reputable security awareness training course helping bolster and boost the knowledge of your employees.

3. Supply Chain Attacks

Supply Chain Attacks target less secure elements in a network’s supply chain, such as third-party vendors or software suppliers. The attacker infiltrates the network through these weak points and can then access the broader network.

To mitigate supply chain attacks, businesses should vet their suppliers’ security measures and implement robust security protocols for third-party access to their networks.

4. Deepfakes and Disinformation

Deepfakes use AI to create fake but realistic-looking images or videos. These can be used in disinformation campaigns to damage a company’s reputation or for phishing attempts.

Businesses should educate their staff about the existence of deepfakes and promote a culture of verifying information before acting on it. Advanced AI-based tools can also help detect deepfakes.

5. Cloud Jacking

Cloud Jacking involves an attacker gaining unauthorized access to a cloud account. Once inside, they can steal data, inject malicious code, or eavesdrop on activities.

To prevent cloud jacking, businesses should use strong, unique passwords for cloud accounts, enable two-factor authentication, and regularly review access logs for any suspicious activity.

6. Insider Threats

Insider Threats come from within the organisation. They can be employees who intentionally misuse their access or who cause a security breach through a lack of knowledge or care.

Businesses can mitigate insider threats by implementing a principle of least privilege (PoLP), where employees only have access to the information they need to do their job. Regular audits and monitoring can also help detect any unusual activity. With 80% of data breaches being down to human error, it is clear that a weaknesses for all businesses is untrained staff. This can easily be resolved by the enrolment of employees in a security awareness training course.

7. Phishing and Smishing

Phishing and Smishing are deceptive practices where attackers pose as trustworthy entities to trick individuals into revealing sensitive information. Phishing is typically done via email, while smishing uses text messages.

To protect against these threats, businesses should educate their staff to recognize and report phishing attempts. Email filters and verification protocols can also help block phishing emails.

8. Mobile-specific Cyber Threats

Mobile-specific Cyber Threats target smartphones and tablets. These can include malicious apps, Wi-Fi spoofing, and SMiShing (SMS phishing).

Businesses can protect against mobile threats by implementing a robust mobile device management (MDM) policy, encouraging staff to only download apps from trusted sources, and keeping all devices updated with the latest security patches.

How Three Cherries Can Help

Three Cherries, a leading Bristol IT support company, can help businesses navigate these cybersecurity threats. We offer a range of IT support services for Bristol and North Somerset businesses, including staff cybersecurity training, firewall implementation, and guidance on achieving Cyber Essentials certification.

Our team of experts can provide tailored advice to ensure your business has the right balance of cyber security measures in place. We understand that every business is unique and will work with you to develop a cybersecurity strategy that fits your specific needs.

Need Help With Cyber Security? Contact Three Cherries

While the cyber threat landscape may seem daunting, with the right precautions and the support of a dedicated Bristol IT company like Three Cherries, businesses can protect themselves and their customers from these threats. Remember, business cybersecurity is not a one-time effort but an ongoing process that requires vigilance and adaptability.