In today’s always-on, always-connected world, most companies only think of their applications as tools that power and transform business.
Apps are the fuel of innovation.
Apps are the driving force for staying competitive in today’s digital marketplace.
Apps are the way to build relationships with customers, empower employees, facilitate growth, and accomplish so much more.
But…apps have also opened the door to unprecedented threats for companies, expanding the risk landscape and putting corporate data and reputations at risk. According to research from Verizon, from 2016 to 2017, there was nearly a 22% increase in attacks on web applications.
In a complex landscape of threats and opportunities, it may seem impossible for companies to both accelerate their business and secure their apps at the same time. But it doesn’t have to be. By first understanding the app, its key areas of vulnerability and what it will cost to provide the strongest level of protection, companies can deepen their understanding of the threat landscape and have actionable information to keep their apps and their organization safer.
Here are six emerging threats to watch out for:
- Web fraud – Web fraud is primarily associated with the banking industry. However, businesses in all industries are at risk of web fraud, which is a multifaceted threat that costs organizations billions of dollars a year.
- Bots – The rise of bots has changed the nature of the Internet as we’ve known it. They have varying impacts on legitimate sites and are often the weapons used by attackers.
- Credential stuffing – In a credential stuffing attack, cybercriminals use stolen login usernames and passwords to make repeated attempts to gain access to accounts held by corporate users or customers.
- Malware – Malware is incredibly diverse, but it’s all designed to facilitate the end goal of the attacker, which could include financial gain, enrollment of a device in a botnet, propagation of spam, or account takeover.
- Ransomware – Ransomware is a type of malware that prevents users from accessing their own data and computers by locking their screens or encrypting files.
- Phishing – Phishing is the primary delivery mechanism for ransomware and other types of malware.
So, while it is true that apps have increased productivity and the speed of innovation for companies, they can also serve as gateways to data beyond the protections of firewalls. To protect the productivity, innovation and other capabilities that drive business, you must first protect the apps that make such capabilities happen.
If you want to know more about preparing for emergent threats, click the link below for more information.