{"id":1422,"date":"2023-04-27T04:00:52","date_gmt":"2023-04-27T08:00:52","guid":{"rendered":"https:\/\/verito.com\/blog\/?p=1422"},"modified":"2026-04-05T13:29:53","modified_gmt":"2026-04-05T17:29:53","slug":"top-cybersecurity-risks","status":"publish","type":"post","link":"https:\/\/verito.com\/blog\/top-cybersecurity-risks\/","title":{"rendered":"Top 5 Cybersecurity Risks to Your Firm"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The news running about the rising cybersecurity risks makes us all wonder what would happen if we became the target. Suppose you run an organization &#8211; an accounting firm, SMB, etc. In that case, the chances are you have at least heard of the familiar cyber threats, including malware attacks, supply chain attacks, and social engineering attacks, to name a few. Many businesses consider controlling the related risk with a few on-premise security measures. They might not know that new threats emerge almost every day, making it more challenging to identify and mitigate them.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cyberattacks can occur in several different ways. The first step toward building a solid defense mechanism is to develop a good understanding of different types of cybersecurity risks to your business. Let&#8217;s cover that side of organizational security in detail.<\/span><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\">\n<h2 id=\"exposure-to-zero-day-vulnerabilities\"><b>Exposure to Zero-Day Vulnerabilities<\/b><\/h2>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">As the name suggests, a zero-day vulnerability refers to the weaknesses in the security system or applications that developers haven&#8217;t yet fixed. In other words, zero-day vulnerabilities increase the risk of cyberattacks before the developer fixes them.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While attacks on zero-day vulnerabilities are not new, they are constantly rising. In big organizations, identifying and fixing such vulnerabilities to prevent external attacks is a part of daily work life for developers and security analysts. However, significant zero-day vulnerabilities may not exist for smaller firms, while the other can be handled with the help of managed security services.<\/span><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\">\n<h2 id=\"unauthorized-access-to-credentials\"><b>Unauthorized access to credentials<\/b><b><br \/>\n<\/b><\/h2>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">When one application or a data set becomes exposed to a cyberattack, the risk expands in reach and spreads to more data and applications used in an organization. If multiple firms are connected via applications, this could have an even more significant impact. For example, an attacker successfully steals various login credentials and passwords of employees at work. He can use such details to break into sensitive data and networks to cause significant damage.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">An attack like this works because people often use the same password for multiple <a href=\"https:\/\/verito.com\/blog\/what-is-a-wisp\/\" target=\"_blank\" rel=\"dofollow noopener\"  data-wpil-monitor-id=\"116\">accounts linked to a tax<\/a> program, accounting applications, or accounting management systems. This is where multi-factor authentication becomes crucial and is now an IRS requirement for those processing tax returns.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/p>\n<ul>\n<li aria-level=\"1\">\n<h2 id=\"smishing\"><b>Smishing<\/b><\/h2>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Smishing is one of the most common cybersecurity risks prevalent in the world these days. It falls under the category of phishing and involves fraudsters sending messages or SMSs to individuals or businesses and trying them to click on the given link. When the link is clicked for any reason, it triggers malware that can potentially steal data from mobile phones\/devices.<\/span><\/p>\n<p><a href=\"https:\/\/earthweb.com\/smishing-statistics\/#Key_Smishing_Statistics_2023\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">Statistics<\/span><\/a><span style=\"font-weight: 400;\"> show that every individual receives more than 40 spam messages every month. The worst part is that less than 35% of the users know what smishing is. The lack of awareness makes it a big problem.\u00a0<\/span><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\">\n<h2 id=\"ransomware\"><b>Ransomware<\/b><b><br \/>\n<\/b><\/h2>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Ransomware is yet another cybersecurity risk that&#8217;s getting worse than ever. This has even led to double extortion &#8211; the attackers steal data and then threaten the data owner to leak the data within hours of not receiving the ransom. Besides this, they sell it anyway &#8211; whether they have received the ransom. This is different from the risk related to ransomware in the past when the attackers used to encrypt the data and then provide the key to unlock the same post recovering the ransom.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You might not also believe that ransomware has created opportunities for vendors in cybercrime. These days, Ransomware-as-a-Service (RaaS) vendors are available for attackers to provide apps to steal data and then share the money received as ransom.<\/span><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\">\n<h2 id=\"conversation-hijacking\"><b>Conversation hijacking<\/b><b><br \/>\n<\/b><\/h2>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This is one of the next-level cybersecurity risks you might haven&#8217;t heard of earlier. As a part of the threat, emails are sent by hijacking an individual&#8217;s email accounts to the ones they stay in touch with constantly. It works quite well for attackers as they monitor email activity and jump into conversations involving payment transactions. Then, they ask for money to be transferred to a different account.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since the email appears to be received from a trusted peer or fellow employee, the victim often avoids questioning the interaction until the risk is disclosed.\u00a0<\/span><\/p>\n<h2 id=\"protect-your-organization-from-cybersecurity-risks-with-verito\"><b>Protect Your Organization from Cybersecurity Risks with Verito<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Whether you have hosted most or all of the business applications on the cloud, you can benefit from the expertise of a managed security service provider. Switch to <\/span><a href=\"https:\/\/verito.com\/managed-security-services\" target=\"_blank\" rel=\"dofollow noopener\"><span style=\"font-weight: 400;\">Verito&#8217;s managed security services<\/span><\/a><span style=\"font-weight: 400;\"> to ensure peace of mind when new threats emerge. Get started <\/span><a href=\"https:\/\/calendly.com\/verito\/managed-it-discovery\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"The news running about the rising cybersecurity risks makes us all wonder what would happen if we became&hellip;\n","protected":false},"author":12,"featured_media":1423,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-1422","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-knowledge-base"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Top 5 Cybersecurity Risks to Your Firm<\/title>\n<meta name=\"description\" content=\"The first step toward building a defense mechanism is to develop an understanding of different types of cybersecurity risks to your business.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/verito.com\/blog\/top-cybersecurity-risks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Top 5 Cybersecurity Risks to Your Firm\" \/>\n<meta property=\"og:description\" content=\"The news running about the rising cybersecurity risks makes us all wonder what would happen if we became the target. Suppose you run an organization - an\" \/>\n<meta property=\"og:url\" content=\"https:\/\/verito.com\/blog\/top-cybersecurity-risks\/\" \/>\n<meta property=\"og:site_name\" content=\"Verito Technologies | Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-27T08:00:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-05T17:29:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/verito.com\/blog\/wp-content\/uploads\/2023\/04\/Top-Cybersecurity-Risks.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Camren Majors\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Camren Majors\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Top 5 Cybersecurity Risks to Your Firm","description":"The first step toward building a defense mechanism is to develop an understanding of different types of cybersecurity risks to your business.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/verito.com\/blog\/top-cybersecurity-risks\/","og_locale":"en_US","og_type":"article","og_title":"Top 5 Cybersecurity Risks to Your Firm","og_description":"The news running about the rising cybersecurity risks makes us all wonder what would happen if we became the target. 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