We will discuss the fields which are most prone to cyberattacks. Here we are going to cover the prominent sectors like small and medium scale business, education, healthcare, legal services, real estate, financial services. Master the required skills to build your career into Cybersecurity with this online Cyber Security training in Hyderabad. You will comprehend the concepts of cybersecurity, architectural principles, managing vulnerabilities, network security, etc.
Businesses must be aware of the factors that can still trip them up as they work to recover from the worst of the epidemic in 2022. As a business heals, the last thing it needs is a cyberattack, which would result in a further financial loss and a possible loss of reputation.
It is undeniable that cybercrime is on the rise. Cyber fraud cost more than $3.3 billion in 2020, nearly doubling the amount lost since 2010.
There is little doubt that in 2022, organizations of all sizes and industries will need to take cybersecurity seriously. In this post, we look at the industries that appear to be the most vulnerable to cybercrime this year, as well as what businesses in those industries should do to defend themselves.
1) Small and Medium Scale Businesses
Small and medium-sized businesses are the first sector on which we must concentrate. While not technically an “industry,” it does indicate a type of business that will be prone to cybercrime in 2022. Skills shortage in cybersecurity is one of the reasons that small firms may be vulnerable to cybercrime.
Unfortunately, there is a global scarcity of cybersecurity talent. According to statistics, the number of specialists required is still 65% below what is required. You may believe that the shortage affects all organizations equally, but the truth is that a scarcity of cybersecurity personnel raises the cost of recruiting. Larger enterprises are better able to handle these costs, but small enterprises may not be able to.
Small businesses will be more exposed to cybercrime in 2022 as criminals become more sophisticated and access to cybersecurity skills becomes more difficult.
2) Higher Education
We’ve seen an increase in cybercrime targeting higher education institutions. One of the most important difficulties here is that universities are valuable targets for cybercriminals since they hold the data of a large number of students, employees, and other users.
Even well-funded higher education institutions can be vulnerable, as demonstrated by a recent cyberattack against the University of Hertfordshire. The attack resulted in widespread computer disruptions, forcing the university to cancel online classes. This exhibits how attacks on universities and other higher education institutions can result in not just the loss of private data, but also the disruption of learning.
Universities would be more reliant on digital services in 2022 than they have ever been before, especially if the Covid-19 pandemic continues to disrupt operations. This is one of the main reasons why this sector is so prone to cybercrime.
There have been several recent incidents of ransomware attacks against the healthcare business. The NHS in the United Kingdom has been in the news recently due to a series of cyber-attacks that have knocked out systems and caused widespread problems. You might think that this was a wake-up call for healthcare corporations to concentrate their efforts, but that does not appear to be the case.
Many healthcare providers are still using antiquated or legacy systems, making them extremely vulnerable to similar attacks in the future. These are companies that store a lot of personal information and data. Cyberattacks on healthcare providers could be devastating for both the professionals and their patients.
4) Legal services
Another area that relies on establishing a healthy reputation in the legal field. There are few things more harmful in today’s world than a data breach that results in the loss of several clients’ private information. This will be enough for many people to discontinue their working relationship with a legal services provider.
It’s also true that the legal profession is vulnerable since it’s seen as a lucrative target. It’s crucial to think about what cybercriminal search for when it comes to the organizations they target. As legal services providers frequently handle large-dollar transactions and have access to their client’s personal information, they can appear to be an ideal target for criminals.
According to a recent survey, 43% of legal services providers believe cybercrime to be the main enterprise-critical risk.
5) Real Estate and Property
In 2021, a data breach at one of the UK’s top conveyancing firms, Premier Property Lawyers, served as a powerful reminder of the continued consequences of cybercrime. Another sector that is frequently a part of very significant financial transactions, but also retains a huge deal of personal data, is the property and real estate sector.
Given the rising housing market in the United Kingdom, many real estate and property enterprises are springing up. These businesses may or may not see the importance of implementing robust cybersecurity measures to protect themselves.
6) Financial Services
In some aspects, the financial services industry resembles the real estate market in that numerous new enterprises have sprung up to capitalize on rising demand. Newer enterprises, on the other hand, are more prone to have system vulnerabilities, making them a target for criminals.
The fact that financial services firms deal with large sums of money can make them a high-value target once again.
Crucial Security Standards In 2022
Fortunately, there are numerous things that organizations in various industries can do in 2022 to defend themselves from cybercrime. The following are some of the most important things your firm can do:
- Offering comprehensive staff training – This is often overlooked, yet it is critical. Staff must be aware of the challenges, and risks as well as how they change over time. It is important to regularly update your cybersecurity training.
- Outsource where possible – We discussed the cybersecurity skills scarcity before, and outsourcing your cybersecurity services is an excellent way to combat it. With no need to hire a costly cybersecurity team, services providers may give organizations 24/7 monitoring.
- Update regularly – One of the most common causes of cybercrime is when companies fail to upgrade their hardware and software regularly. It is easier to remedy known flaws and vulnerabilities by updating and installing the most recent versions.
In this article, we have successfully explored the significant areas of the internet which are most vulnerable to cybersecurity. We also have discussed the key security measures that can be adopted for the year 2022 by offering comprehensive training, outsourcing, and frequent updating.