Controlling the Massive Expansion of Global Cybercrime Damage

Cyber security is the most elusive domain across various domains and technology domains it’s a game which is not understood for a very long time the industries trying to protect and after several decades we realized we have not been able to protect as of now we do not have an established framework or a methodology to secure us. This might shock you but the truth is we never be secure ever. Only thing is we have to be more proactive and be safe. There is a bigger difference between secure and safe.

Even if you invest into more security it will help you to complex the work of bad guys not stopping the problem it will give more space breath and run your industry but you can be safe in the cyber safe even if you hacked; it will be possible only by you if your industry is already preparing for it and have proper response, recovery and forensic in place.

By 2021 the cybercrime damages were estimated 6 trillion USD. Data remains the primary hacker target there are 100+billion lines of software code being produced each year which contains billions of vulnerabilities that could be exploited. The 6 trillion estimated costs include the cybercrime damages, loss of IP, productivity, personal and financial data, forensic investigation and restoration finally the reputation harm.

Cyber threats have evolved from targeting and harming computers, networks, and smartphones — to humans, cars, railways, planes, power grids and anything with a heartbeat or an electronic pulse. As the planet morphs into a digital global society of interconnected people, places, and things, there’s a whole lotta cyber that needs to be defended.

Prevention will always be your best line of defense against cyber criminals. Like any other criminal activity, those most vulnerable tend to be the first targeted.

  1. What are your security policies? Are they well demarcated
  2. Do all your employees understand the most common hacking stuff, like phishing, social engineering, etc.
  3. Education and awareness of your employees will go long way to protect yourself against many types of cybercrime.

Securing Computers, Digital Assets, and Networking

Some things you can’t cut corners on and it will save you an incredible amount of money in the long run when considering the risks it involved.

Exploits in software are very common ways hackers gain access to sensitive data. Updating your network connected devices always be a top priority.

Many companies mostly startups and SME do not scan their website application for malware or security level that’s leads to the loss at one time.

Always keep the backups of all your critical data; recovering from a cyber attack is involves restoring your data from a point prior to the event in question.

Steps to prevent cybercrime:-

  1. Never disclose your personal information publicly on websites. This is as good as disclosing your identity to strangers in public place.
  2. Always avoid sending any photograph online particularly to strangers and chat friends as there have been incidents of misuse of the photographs/identity.
  3. Never enter your credit card number to any site that is not secured, to prevent its misuse.
  4. Always use latest and updated software to guard against virus attacks.
  5. To prevent loss of data due to virus attacks, always keep back up of your data.
  6. It is advisable to use a security program that gives control over the cookies and send information back to the site, as leaving the cookies unguarded might prove fatal.
  7. Website owners should watch traffic and check any irregularity on the site. Putting host-based intrusion detection devices on servers will serve the purpose.

The Human mind is crazier than anything so always be aware that technology will help you to keep safe but it’s your duty to apply it. And remember NO ONE IS KNOWN IN THE CYBER WORLD.

About The Author

Rex Aantonny is the Founder and Chief Executive Officer at Rex Cyber Solutions Pvt Ltd. He is also the Chief Trainer at Hexter Lab. He has given numerous Information security based calibrations to private & government officials at Coimbatore, Chennai & Kerala. He is best known as the Tamil Nadu Executive of HANS (Anti Hacking Anticipation Society), an NGO based out of India that works with clients across the world, helping them create awareness on cyber threats. Rex made his foray into the field of cyber forensics as a Research Associate at Interscience Academic Research Centre during his college days after completing his training from National Informatics Centre. He later joined ‘Cadgraf Digitals’ as Software Executive, where he played a pivotal role in shaping the company.