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Cyber threats and vulnerabilities

Cyber threats and vulnerabilities

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Running Head: CYBER THREATS AND VULNERABILITIES 1

Cyber Threats and Vulnerabilities

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CYBER THREATS AND VULNERABILITIES 2

Cyber Threats and Vulnerabilities

The world today is in a major transition today as we are continuously evolving. The

information technology is growing at much a higher rate than it was a few decades ago. Its

incorporation in the business landscape has facilitated most of the companies going globally.

There has been growth and increase in cloud connectivity with most companies connecting to

dozen of cloud services and data across the globe. As a result, cyber threats have become more

viral, diverse and interconnected than they have been ever before. In some cases the attack aims

at intrusion into private networks in order to access the sensitive information that is diplomatic

economic or military in nature. The destruction after the attacks is imperceptible, dormant, and

progressive (Cordesman, 2002).The business environment is now compelled to have an

intelligence community in order to promote the collaboration among the various experts in that

field. It is important to face the challenge since the trend in the cyberspace and the response that

the actors make will influence the business course in the near future.

The Financial Industry Regulatory Authority (FINRA) opts that the firms takes the

necessary steps to counter the cyber security related threats that they face. The topmost three

threats that attack the organization include hacker penetrating firm systems, insider

compromising firms, and operation risks. The hackers are involved in manipulation of accounts

and data destruction and defacement. Operation risk poses the threat of environmental problems

such as power failures or natural problems such as hurricanes (Cordesman, 2002).The insider

compromising firms are involved in malicious activities such as accessing information that is

sensitive if left in hands of the public. The criminals use pretexting to trick people into giving out

their information that is personal through installing malicious software in their devices. Fake

antivirus if stored in a computer give a remote access of information stored. Phishing is also an

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Running Head: CYBER THREATS AND VULNERABILITIES Cyber Threats and Vulnerabilities Student’s Name Institutional Affiliation 1 CYBER THREATS AND VULNERABILITIES 2 Cyber Threats and Vulnerabilities The world today is in a major transition today as we are continuously evolving. The information technology is growing at much a higher rate than it was a few decades ago. Its incorporation in the business landscape has facilitated most of the companies going globally. There has been growth and increase in cloud connectivity with most companies connecting to dozen of cloud services and data across the globe. As a result, cyber threats have become more viral, diverse and interconnected than they have been ever before. In some cases the attack aims at intrusion into private networks in order to access the sensitive information that is diplomatic economic or military in nature. The destruction after the attacks is imperceptible, dormant, and progressive (Cordesman, 2002).The business environment is now compelled to have an intelligence community in order to promote the collaboration among the various experts in that field. It is important to face the challenge since the trend in the cyberspace and the response that the actors make will influence the business course in the near future. The Financial Industry Regulatory Authority (FINRA) opts that the firms takes the necessary steps to counter the cyber security related threats that they face. The topmost three threats that attack t ...
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