Kaspersky Lab, a cybersecurity company, has warned that cyber attacks pose a major threat to companies, pointing to the financial impacts and long-term consequences of these attacks.
The Russian company examined the impact of cyber attacks on companies to uncover the huge losses that unprotected businesses may incur, according to a statement issued by the company on Wednesday.
Multiple problems
She stated that attacks such as ransomware (extortion) and data breaches can lead to many negative consequences such as interruption of operations, damage to reputation, legal problems, in addition to financial losses.
The company reported that cyber attacks on companies’ digital infrastructure could halt their activities, reduce productivity, and lead to lost revenue and customer dissatisfaction.
This comes the day after a qualitative hacking operation known in the world of cyber warfare as the “red button,” in which thousands of pagers exploded in the hands of their carriers in Lebanon, leading to the death of 9 people, including a child and members of Hezbollah, and the injury of about 2,800 others.
The Russian company pointed out that stealing customer data seriously damages the brand’s reputation.
High fines
The company explained that violations of regulations such as the European Union’s General Data Protection Regulation can result in heavy fines for companies, and that theft of intellectual property can put projects that companies have been working on for years at risk.
She stressed the need to download updates for new security vulnerabilities as soon as possible.
The company’s security expert, Oleg Gorobets, said in the statement that cyber attacks can occur in several different ways, and that multi-layered protection solutions must be used to prevent them.
He stressed the need for companies to be more vigilant and flexible than ever before, and to ensure that they have the appropriate solutions and processes in place to detect and contain threats effectively.
