Cybersecurity firms predict that cyberattacks will cost the world $10.5 trillion annually by 2025. These attacks can severely disrupt businesses in an instant, posing not only financial risks for companies but also endangering customer data that can be exploited for financial scams and online extortion. Experts urge companies in industries at risk for cyberattacks—like healthcare, finance, and retail—to implement robust security measures to avoid potential financial ruin.
The Top 5 Industries at High Risk for Cyberattacks in 2021 & Beyond
Retail:
Cyberattacks on retailers have doubled over the past three years. Cybersecurity experts predict that criminals will continue to increase attacks on retail companies because they hold vast amounts of consumer data, making them ideal targets for cybercriminals looking to sell credit card numbers or online banking credentials on the black market.
Financial Services:
Cyberattacks on financial services companies are becoming more common each year, as criminals are particularly interested in financial information. Sophisticated cyberattacks are used to steal money from vulnerable bank accounts and to hijack consumer identities, leading to significant financial loss.
Healthcare:
Healthcare is a top target because patient data is extremely valuable on the black market. Cybercriminals utilize stolen health information to file fake tax returns or submit fraudulent claims for medical equipment. They also steal the identities of doctors and patients, which can be exploited for blackmail.
Energy & Utilities:
Cybercriminals seek access to operational controls to carry out attacks that can cause financial and even physical harm. Cyberattacks on energy grids can lead to blackouts and pose a national security risk by compromising critical infrastructure. Utility data is also a target, as it can be sold on the black market, facilitating identity theft and.
Manufacturing:
Cybercriminals target manufacturers to steal proprietary data, such as blueprints or production plans, and use it to sell counterfeit products. They may also hold company systems ransom, demanding high payments for access to continue production. Cyberattacks on manufacturing companies also threaten national security by disrupting supply chains, potentially causing significant economic fallout.
Ultimately, any industry can be targeted in a cyberattack. If your business isn’t protected against the latest threats, it’s only a matter of time before you fall victim. Our team will work with you to understand how hackers might attempt to gain access to your systems, and we’ll demonstrate what those vulnerabilities look like and how to address them. It takes just one successful hack for reputational damage or financial loss to occur—particularly when customer data is at risk of being exploited for online extortion. With our proactive approach to cybersecurity protection, you’ll be prepared when the time comes. Don’t wait until it’s too late—contact us today!
