According to Warren Buffett, cyber-attacks are a bigger problem to man-kind than nuclear attacks.
Depending on the type of hacker that is carrying out these attacks, the reasons behind them are varied. The motives range from personal, political, ethical or financial. By 2021, the costs from cyber-crime damage are expected to be $6 trillion per year and will rake in more profits than the global trade of all illegal drugs combined!
Here are 5 of the most common hacking techniques used to gain access to confidential data.
- Cookie Theft/Cookie or Session Hijacking
Cookie theft, also known as cookie or session hijacking, is when an unencrypted session data is copied by a third party. It is then used to impersonate the real user to make financial transactions or posting false posts on their behalf.
- SQL Injection
SQL (Structured Query Language) injection is one of the most common hacking techniques used in 2017. It is a code injection technique that inserts malicious SQL statements into an entry field and is used to attack data-driven applications. To prevent this attack from occurring, the use of prepared statements with parameterized queries is recommended.
- Man in the Middle (MITM) Attack
A MITM attack is when data transmission between two people is intercepted. This can happen over any form of online communication, such as email, social media, etc. Transmitted data can be modified to trick either party in divulging sensitive information. Encryption of emails through S/MIME (Secure/Multipurpose Internet Mail Extensions) is an optimal way to ensure only the intended recipients can read the emails.
Ransomware is a type of malware, which encrypts data on the infected system not allowing access until a ransom amount is paid to the hacker. The motive behind these attacks is almost always financial gain and payment is demanded via virtual currency. These attacks can occur through malicious phishing emails, infected software apps, infected external hard disks or compromised websites. The best way to protect your system from ransomware attacks is to make sure your anti-virus software is up to date.
Phishing attacks occur when hackers impersonate a legitimate organization to gain access to confidential data such as usernames, passwords, credit card and bank account details, usually through electronic communication. Phishing attacks have evolved into many versions, such as: Deceptive phishing, Spear phishing, Whaling, Business Email Compromise (BEC), Dropbox phishing, etc. Like ransomware, most phishing attacks are also financially motivated.
Threats to cyber-security are on the rise. With hackers using various innovative techniques to gain access to confidential data, the best way to protect your presence online is to make sure your anti-virus software is up to date.
To protect against online data theft, download Max Total Security today!