{"id":364,"date":"2022-03-16T20:57:08","date_gmt":"2022-03-16T20:57:08","guid":{"rendered":"https:\/\/sites.wp.odu.edu\/wjacob\/?page_id=364"},"modified":"2024-05-01T18:29:49","modified_gmt":"2024-05-01T18:29:49","slug":"journal-number-04","status":"publish","type":"page","link":"https:\/\/sites.wp.odu.edu\/wjacob\/journal-number-04\/","title":{"rendered":"JOURNAL NUMBER 04"},"content":{"rendered":"

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Cybersecurity Risks<\/h1>\n

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1. Compare cybersecurity risks in the U.S. and another country.<\/p>\n

Cybersecurity Risk in the U.S.:<\/b><\/b><\/p>\n

Cybercrime may affect anybody, organization, or country, however certain individuals and areas are more vulnerable than others. Dozens of new and emerging cybersecurity risks have put the information security sector in the United States on high alert. Cyberattacks using malware, phishing, machine learning and artificial intelligence, cryptocurrencies, and other technologies have put organizations, governments, and people\u2019s data and assets in continual danger (Moore, 2020).<\/span><\/p>\n

According to Dr. Michelle Moore (2020), the United States\u2019 sectors continue to face a significant lack of cybersecurity personnel, and experts warn that the stakes are higher than ever, as the cybercrime pandemic threatens to undermine public trust in such treasured concepts as democracy, capitalism, and individual security.<\/span><\/p>\n

Any action taken to destroy, damage, steal, modify, limit access, or obtain unauthorized access to a computer network, system, program, device, or other digital technology or communication is considered a cyber risk or cyber-attack.<\/span><\/p>\n

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Top Cybersecurity Threats<\/b>:<\/span><\/h3>\n

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Phishing Attacks Become More Complex: Phishing attacks are growing more sophisticated, in which precisely targeted digital communications are sent to trick individuals into clicking on a link that can later install malware or reveal personal data.<\/span><\/p>\n

The Advancement of Ransomware Strategies: Every year, ransomware attacks are estimated to cost victims billions of dollars, as hackers use technologies that allow them to essentially kidnap an individual\u2019s or organization\u2019s databases and hold all of the information for ransom.<\/span><\/p>\n

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Cybersecurity Threats<\/b><\/h4>\n

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The development of cryptocurrencies such as Bitcoin has been credited for fueling ransomware attacks by allowing ransom demands to be paid surreptitiously.<\/span><\/p>\n

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Cryptojacking:<\/h3>\n

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The cryptocurrency revolution has an impact on cybersecurity in different ways. For example, cryptojacking is a practice in which cyber thieves steal third-party home or work computers to \u201cmine\u201d for cryptocurrencies. Because mining for cryptocurrency (such as Bitcoin) needs massive quantities of computer processing power, hackers can generate money by discreetly trying to capitalize on someone else\u2019s infrastructure.<\/p>\n

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Cyber-Physical Attacks:<\/h3>\n

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The very same innovation that has allowed us to update and computerize vital infrastructure also poses a risk. The persistent danger of hacking targeting electricity grids, transportation networks, water treatment plants, and other critical infrastructure poses a significant risk in the future. State-Sponsored Cyberattacks: In addition to hackers aiming to profit by stealing personal and business data, whole nation states are increasingly utilizing their cyber talents to penetrate other governments and launch attacks on key infrastructure. Cybercrime is becoming a huge danger not just to the commercial sector and individuals, but also to the government and the country as a whole.<\/p>\n

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Cybersecurity Risk in Canada<\/h3>\n

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According to StatsCan, 21% of Canadian firms were hit by a cyberattack in 2017. In its 2019 Global Risk Management report, Aon identified cyber-attacks and data breaches as the greatest risk to Canadian organizations. It\u2019s a danger that may damage any organization, no matter what sector or size it is. It is also a danger that can result in additional harm, such as damage to a company\u2019s reputation and business interruption. We\u2019ll go over what cyberattacks and data breaches are, as well as the cyber hazards for Canadian organizations, as well as some recommendations on how to avoid, minimize, and recover if your company becomes a victim (EasyCover Canada, 2019).<\/span><\/p>\n

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Major Reasons for Cyber Risks in Canada<\/b>:<\/span><\/h3>\n

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Canadian firms are susceptible to attacks and security breaches for a variety of reasons. This might include:<\/span><\/p>\n

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