7 Common Risks of Network Security in Company

04 Jan 2023

How Secure is Our Network Security?

Globally, thousands of security breaches take place, and more often than not, they are the result of ineffective cyber security services or improper cyber security solutions.

The security of a network is affected by things that are part of the application hardware infrastructure, such as the hardware and software being used.

The policies and procedures that are in place and the level of expertise of the individuals managing the network also have a lot of significance in the larger scheme of things.

To ensure the security of a network, it is important to regularly assess and update security measures, educate users about security best practices, and stay informed about emerging threats and vulnerabilities.

Businesses and individuals must rely on cybersecurity solutions to secure the system's network. 

Some of the key risks that have implications for not managing proper cybersecurity solutions are: 

Risks of Network Security 

1. Malware

Malware, short for "malicious software," is any software designed to cause harm to a computer or network. This can include viruses, worms, Trojans, and ransomware that could harm the systems in significant ways. 

Businesses need to focus on cyber security services that can support the prevention of malware attacks.

Some of the cyber security solutions like firewall applications, web application firewall frameworks, and network anomaly detection kind of holistic cybersecurity services are imperative to mitigate the risks of network security. 

2. Identity Access Management Issues

Hackers are individuals or groups who attempt to gain unauthorized access to a network or device.

It could be a random selection of the vulnerable systems over the network or targeted attacks wherein the identity of the users for the systems gets compromised, and the sensitive information in the systems gets compromised.

Such a situation could be the result of using poor password security, not using best practices like logging into critical applications on public computers, and using untrusted or unsecured wireless networks.

The data hack in the information systems compromises sensitive information, disrupts operations, or holds data hostage in exchange for payment. 

To eschew unpleasant surprises, businesses need to ensure there are good cyber security solutions like multi-factor authentication or TOTP for improving the security elements of the network. 

Providing network security

3. Phishing Attacks

Phishing attacks are attempts to trick users into giving away sensitive information, such as passwords or financial information, by disguising themselves as legitimate sources. These attacks are often carried out through email or social media. 

More often than not, this kind of phishing attack is aimed at fraudulent financial transactions, collecting highly sensitive personal information.

Application of firewalls and anomaly detection solutions, relying on HTTPS sites for accessing external applications, is a reliable mode of cyber security service. 

4. Man-in-the-middle Attacks

A man-in-the-middle attack occurs when an attacker intercepts communications between two parties and can read, insert, or modify messages as they are being transmitted. 

5. DDos

Denial of service attacks: A denial of service (DoS) attack is an attempt to make a network or device unavailable to its intended users by overwhelming it with traffic or requests.

6. Unsecured Networks

Public or unsecured networks, such as those found in coffee shops or airports, can be vulnerable to attack because they do not have the same level of security as private networks.

Computer security

7. Insider Threats

Employees should be educated about security best practices, such as not clicking on links in suspicious emails and not sharing passwords. Regular security training can help to raise awareness and improve security habits.

Moreover, it is important to keep all software and systems up to date with the latest patches and security updates. These updates often include fixes for known vulnerabilities that could be exploited by attackers.

Organizations need to be aware of these risks and take steps to protect their networks and devices from potential threats.

To avoid such potential threats that could have a significant impact on network security, businesses must implement appropriate security policies, conduct regular network security audits, conduct RISK analysis, and deploy appropriate cyber security solutions.