blog
Cyber Security Trends

What, Why, and How Malware Can Impact Businesses

By Himanshi Sharma

Data security is not the concern point for only businesses but for consumers as well. Malware is a piece of software that has the potential to harm the system or network. It stands out from normal programs in a way that it can spread itself in the network, remain undetectable, cause change/damage to the infected system.

Malware is consist of all kinds of malicious software that includes viruses, and cybercriminals use it for various reasons, such as:

  • Stealing customer credit card data (or any other financial information)
  • Infecting computers and using them to bitcoin
  • Identification of theft for tracking the personal information
  • Several networks utilize denial-of-service to assume the control of multiple networks

There are several signs to prove that computers have been compromised by malware threats such as slow computer performance, browser redirects, problems shutting down or starting your computer, and frequent pop-up ads.

Though there are tons of malware, yet the good news is that there are multiple ways to prevent your business from malware.

Let’s discuss some of the top tips:

  1. Keep your operating system and applications updated, as cybercriminals always keep an eye on vulnerabilities in old and outdated software, so make sure to update the system as soon as possible.
  2. Avoid clicking the link on the pop-up, it’s suggested to close the message by clicking on ‘X’ in the upper corner.
  3. Install the limited apps on your devices, install the applications to be used regularly, rest others uninstall.
  4. Get in the mobile security solutions such as McAfee accessible for Android and iOS, it’s your responsibility to make sure your mobile devices are ready to face any existing or upcoming threat.

What are the malware impact on Businesses?

Malware is defined as a severe threat for any organization, it has the potential to break the security infrastructure of any network/system.

Listed below are some of the major impacts on enterprises:

  • Interrupts and disables services: As we discussed earlier, malware breaks the lock of any high secured network that can disrupt business operations.
  • Personal information will be spoofed: Without your interaction, hackers will enter your home to collect your personal information, malware runs behind your screen, and records the activities performed by you. It copies all the user IDs, passwords, bank account details, and etc.
  • Breakdowns the entire organization network infrastructure: Irrespective of any size or kind of business, malware is involved in interrupting the organization’s network.

Types of Malware

Virus

A computer virus is nothing but infects parts or all of your computer. It is spread through email or by downloading attachments online. Viruses vary on what they do. Most of the viruses do few, or simply alter your desktop wallpaper whereas others can furnish your operating system (OS) entirely.

Worms

This is another kind of malware that is similar to viruses but the significant difference is how they expand. Worms can duplicate themselves and they do not need human interaction to be passed from one computer to other computers. Typically, worms perform this by entering the user’s email address book and ultimately sending out infected emails to the activated user. Due to this various networks becoming infected in a very short space of time.

Ransomware

It’s a sort of malware that frequently comes across news platforms. It holds parts (or all) of your computer files hostage, additionally demands a fee to release them. Every time your data is encrypted hence there is no other way out to retrieve the data other than paying.

Trojans

Usually, these are embedded into files which the user downloads online. Frequently, the program you have downloaded has a unique use and it performs normally. At the time of downloading, additional infected files were hidden away. Once it becomes active on your computer, it can be used in numerous means, creating back-doors around security processes, deleting data, or sending spam emails.

Phishing

It is a type of scam where emails or websites masquerade as an authorized source such as your financial institutions. Usually, the unauthorized links fool you and enter into your vital, financial details, personal data such as your bank account which can then be exploited. Frequently, it happens within emails with suspicious links or content.

Conclusion

Are you preparing for CEH? If you’re yes to this question then make sure that you have an effective understanding of malware. Stand out malware always has distinctive objectives – some just want to choke the bandwidth, create zombies, destroy data, infect files, etc. While investing some amount of money in education, you require to understand various types of malware with their examples. As a malware analyst, you need to understand the working in detail of what changes malware build and what is the strong procedure to identify them and create signatures for identification. Undoubtedly, malware has become advanced over the years but the foundation and endpoints remain the same, try to read and understand various malware analysis reports to understand how malware writing and hunting has become an art.