Cybercrime is a major problem for many businesses. Cybercrime can happen to any type of business, but it seems to be more prevalent in online businesses. With the rise of technology and the internet, cybercrimes are growing at an alarming rate and costing billions of dollars each year. In this article, we will discuss 10 different types of cyber crimes that you should be aware of as a business owner or entrepreneur.

What Are the Most Common Cybercrimes Against Businesses?

Many different types of cybercrimes can be committed against businesses. These crimes include but are not limited to identity theft, phishing schemes, and viruses. As technology advances, it seems like new ways for criminals to steal money or information are born almost daily. Here’s a list of the top ten cybercrime against businesses you should know about:

1. Email and internet fraud.

Email and internet fraud are often used to get personal information. This can be done by tricking someone into giving up their passwords or account numbers, such as on banking websites or social media sites. People might feel safe online because they think the government regulates everything that happens on the Internet but this isn’t true. When you give out private information through email which could include credit card numbers make sure to only send them to trusted family members or friends in real life. You should never click links from a stranger.

2. Identity fraud.

This type of cybercrime is when someone obtains another person’s personal information, such as their name, social security number, or credit card information, to impersonate them. Identity fraud can be used to commit other crimes, such as bank fraud or tax fraud. It can also be used to purchase items online or to get a loan in the victim’s name.

3. Theft of financial or card payment data.

This is one of the most common cyber crimes against businesses. Thieves can steal credit card numbers, bank account information, and other financial data to conduct fraudulent transactions or sell on the black market. Make sure your business has strong security measures in place to protect your financial data from theft. Implement firewalls, antivirus software, and other security protocols to deter thieves from gaining access to your systems. If you are a victim of financial data theft, report it immediately to your bank and credit card companies. They will help you cancel your cards and investigate the incident. You may also need to file a police report.

4. Theft and selling of company data.

This is one of the most serious cybercrimes against businesses. Sensitive company data can be stolen and then sold to competitors or other third parties. This can give them a competitive edge, or even cause the business financial damage. In some cases, the data may include customers’ personal information, which can lead to identity theft. To protect your company from this type of attack, you need to have strong security measures in place and ensure that all employees are aware of how to keep data safe.

5. Ransomware attacks.

In a ransomware attack, cybercriminals gain access to the victim’s computer system and encrypt their data. The victim is then asked to pay a ransom to decrypt their data. Ransomware attacks are becoming increasingly common and can be very costly for businesses.

6. Cryptojacking.

Cryptojacking is a type of cyber attack that uses malware to hijack the processing power of devices to mine cryptocurrencies. Devices can include anything from personal computers to smartphones to cloud servers. Cryptojacking can be used to generate revenue for the attacker or as a way to sabotage another organization. Cryptojacking has become increasingly popular in recent years as the value of cryptocurrencies has increased. As more and more people invest in cryptocurrencies, attackers have found new ways to exploit them.

7. Cyberespionage.

Cyberespionage can come in different forms but it is all done with one goal, gaining access to confidential business information through compromised employee accounts or computer systems. This type of criminal activity continues to grow at an alarming rate every year because it targets companies from all industries including financial institutions, medicine, technology, research & development, and more. However, small businesses suffer most since they tend not to have enough resources to protect themselves against cybercriminals.

8. Cloud Jacking

Cloud jacking is a new way to steal data. Hackers will use an infected USB drive or portable hard drive and inject malware into the cloud storage system of a victim’s computer usually through email using phishing scams. Once inside, they can access as much as they want from that victim’s account without ever coming near their network.

9. Denial of Service (DoS) and Distributed Denial of Service (DDoS) Attacks

In a Denial of Service (DoS) attack, the attacker sends massive volumes of traffic to the target system so that it can’t handle any legitimate requests. This can take down websites, email servers, or other systems. A Distributed Denial of Service (DDoS) attack is similar but uses multiple systems to launch the attack simultaneously. This makes it even harder for the target to defend against and can take down entire networks. Both types of attacks are on the rise and can be very costly for businesses affected by them. DDoS attacks now account for more than half of all cybercrime damages worldwide.

10. Social engineering.

Social engineering is a type of attack that uses human interaction to exploit people’s trust and get them to reveal confidential information. This can include tricking employees into opening infected emails, giving away passwords, or even downloading malware onto their computers. Social engineering attacks are becoming more common as cybercriminals find new ways to take advantage of people.

    Cybercrimes against businesses are on the rise and can be costly. It is important to protect your company from all of these types of attacks. We have a team that specializes in cybersecurity and we’re ready to help you prevent or solve any cyberattacks before they happen. Contact us today for more information about how our services work, the benefits we offer, and what sets us apart from other companies offering similar products or services.

Are You Looking For A Computer Security Service You Can Finally Trust?

Managed Technology Solutions, also known as ManagedTEK – IT Security Services & Monitoring, is a managed service provider that provides IT support and security solutions for businesses throughout the greater San Francisco Bay Area. ManagedTEK was founded on an urgency to empower and protect our community from the digital war on personal security and privacy. We focus and specialize in protecting businesses from falling victim to increasingly complex cyber threats. We use cutting-edge technology along with proven cybersecurity practices to provide support and protection for small businesses. Contact us today for your free consultation!