Top 14 Network Security Risks Impacting Businesses Today

Discover the 14 major network security risks businesses face today. Learn why network security is crucial and explore best practices to safeguard your data.
By SentinelOne November 13, 2024

Network security is one of the most fundamental parts of an organization’s IT infrastructure environment. While constantly handling large amounts of personally identifiable information (PII), intellectual property, and other sensitive data, the need for network security increases for organizations. Specific tools, protocols, and practices should be used/implemented in network security to defend the network from unauthorized customers. Data integrity, business continuity, and avoidance of finances are the reasons why organizations are in dire need of robust network security measures. As cyber-attacks are growing in complexity, it has become critical to know and implement the right network security practices for surviving as a business. This in-depth guide looks at common security risks associated with network security and its effects on businesses. We will also cover different types of network security risks and provide technical solutions to reduce those risks. Finally, we will discuss risk management best practices and how SentinelOne security solutions protect enterprise networks.

What is Network Security?

Network security involves a series of technical controls, processes, and procedures that protect resources and data on the network. This can comprise hardware devices, software applications, and open or proprietary protocols that interoperate with each other to protect network infrastructure. Network security functions at multiple levels, from controlling access to networks and monitoring network traffic to defending against a wide range of cyber threats.

Network security has the following major parts:

  • Incoming and outgoing traffic filtration firewalls
  • Network-based IDS that detects traffic
  • VPNs enable data transmission encryption
  • Access control systems that manage user permissions
  • Network segmentation that segments networks into secure zones
  • Protocols that determine the rules for data transfer between devices.
  • Network device endpoint protection solutions

Why is Network Security Essential?

In today’s digital business world, network security is a basic necessity for companies. The organizations need to realize its dire importance at three levels, which directly affect their operations and survivability.

  • Protection of Sensitive Data

Organizations deal with enormous amounts of sensitive data on a daily basis, from customer information to business secrets. Multiple layers of security are applied in network security. These measures protect against data breaches and maintain the integrity of that data, ensuring sensitive data is only ever accessible by authorized users. A good data protection framework also prevents companies from getting unwanted fines and lawsuits due to not complying with regulations such as GDPR, HIPAA, and PCI DSS.

  • Business Continuity Assurance

Business operations and revenue can be critically affected by system downtime and service interruptions. Network security helps preserve the continuity of operations through preventive measures and fast threat-response capabilities. Through redundant systems, backup solutions, and disaster recovery protocols, it ensures that every service critical to business continues functioning. Security monitoring tools identify and prevent possible attacks prior to them affecting system availability, whereas incident response plans minimize downtime during security events.

  • Financial Loss Prevention

The breaches cost organizations dearly. Network security offers protection against all direct financial losses resulting from cyber theft, fraud, and ransomware attacks. This decreases the expenses of incidents, recovery expenses from compromised systems, and legal fees due to security breaches. Implementing network security serves to protect organizations and their financial assets from a majority of costs associated with security incidents.

What are Network Security Risks?

Network security risks are potential vulnerabilities, threats, and weaknesses in the network infrastructure that malicious actors can use. Such risks may include unauthorized access attempts, malware infections, data breaches, denial of service, and configuration faults in network devices.

How do Network Security Risks Affect Businesses?

Security risks against networks have a direct impact on organizations, operationally and financially. If there is a security breach, the online business has to suffer system downtime, which interrupts several operations and causes a lot of productivity loss. Downtime can cost less than $1,000 per minute for small businesses and more than $7,900 a minute for enterprise-sized organizations.

Not just limited to operational disruption. Data breaches and non-compliance subject the organizations to regulatory fines, legal penalties, and enforced security audits. Many businesses face long-term consequences through damaged customer relationships, lost business opportunities, and decreased market value. The amount of resources required to investigate the incident, restore systems, and upgrade security infrastructure is extreme during recovery.

Top 14 Network Security Risks

Organizations face numerous security risks that can compromise their network infrastructure. Here are seven critical network security risks that demand immediate attention and mitigation strategies.

1. Malware Attacks

Malware represents malicious software designed to infiltrate and damage network systems. This security risk includes viruses, worms, trojans, and spyware that can self-replicate and spread across network devices.

These attacks often begin through infected downloads, malicious email attachments, or compromised websites. Once inside a network, malware can steal sensitive data, corrupt files, modify system settings, and create backdoors for future attacks. Detection requires advanced security tools and regular system scans.

Advanced malware variants use polymorphic code to change their signature and avoid detection. These sophisticated threats can disable security software, establish command-and-control connections, and persist in networks through registry modifications and scheduled tasks, making removal complex and time-consuming.

2. Ransomware

Ransomware attacks encrypt organizational data and demand payment for decryption keys. This type of attack targets both network storage systems and individual endpoints connected to the network.

Ransomware can spread rapidly across networks, encrypting critical business data and backups. Organizations face difficult decisions between paying ransoms or losing access to essential data while dealing with significant operational disruptions and potential data loss even if ransom payments are made.

Modern ransomware attacks often combine encryption with data exfiltration, creating double-extortion scenarios. Attackers threaten to publish stolen data unless additional payments are made while using techniques like timestamp manipulation and backup deletion to complicate recovery efforts.

3. DDoS Attacks

Distributed Denial of Service (DDoS) attacks overwhelm network resources with excessive traffic. These attacks target network bandwidth, server processing capacity, and application layer resources.

DDoS attacks can make network services unavailable for legitimate users by flooding systems with connection requests or data packets. Modern DDoS attacks often use botnets and can adapt to defensive measures, requiring sophisticated mitigation systems.

Current DDoS techniques include multi-vector attacks that combine volumetric, protocol, and application layer methods. These attacks can reach terabits per second in volume and use reflection amplification through misconfigured network protocols to maximize impact while hiding attack sources.

4. Phishing Attacks

Phishing attacks use deceptive communications to steal login credentials and sensitive data. These attacks target users through email, messaging systems, and fake websites that appear legitimate.

Successful phishing attacks provide attackers with valid credentials to access network resources. Once attackers gain access, they can move laterally through the network, escalate privileges, and extract sensitive data while appearing as legitimate users.

Advanced phishing campaigns now use AI-generated content and spear-phishing techniques targeting specific employees. These attacks often bypass email filters by using legitimate cloud services, stolen domains, and time-delayed malicious content activation.

5. Man-in-the-Middle Attacks

Man-in-the-middle (MitM) attacks intercept communications between network devices. Attackers position themselves between legitimate network connections to capture or modify data in transit.

These attacks often target unencrypted network traffic or weak encryption protocols. Attackers can steal credentials, modify data packets, and inject malicious content into network communications without immediate detection.

MitM attacks frequently exploit public WiFi networks, compromised routers, and SSL stripping techniques. Attackers use tools like packet sniffers and ARP poisoning to redirect traffic through their systems while employing certificate spoofing to defeat HTTPS protections.

6. Zero-Day Exploits

Zero-day exploits target previously unknown vulnerabilities in network systems. These attacks take advantage of security flaws before vendors can develop and distribute patches.

Organizations have no direct defense against zero-day exploits until patches become available. These attacks can bypass traditional security measures and require advanced threat detection systems to identify suspicious activities that might indicate exploitation attempts.

Zero-day brokers and cybercrime groups actively trade these exploits on dark web markets. Sophisticated attackers chain multiple zero-days together to defeat defense-in-depth strategies while using fileless malware and living-off-the-land techniques to avoid detection.

7. Insider Threats

Insider threats come from users with legitimate network access rights. These threats involve employees, contractors, or partners who misuse their access privileges to compromise network security.

Insider attacks are particularly dangerous because they bypass many security controls. Malicious insiders can steal data, modify systems, or create backdoors while appearing to perform normal job functions, making detection and prevention especially challenging.

These threats often escalate through privilege accumulation and access mining. Insiders may gradually collect additional permissions, install remote access tools, or create ghost accounts while using their knowledge of security blind spots to evade monitoring systems.

8. SQL Injection Attacks

SQL injection attacks target database-driven applications by inserting malicious SQL code into input fields. These attacks exploit poor input validation and improper database query construction in web applications connected to network resources.

Successful SQL injection attacks can bypass authentication systems, extract sensitive data, and modify database contents. Attackers can execute administrative commands on the database server, potentially gaining control over the entire database system and connected network resources.

Advanced SQL injection techniques use time-based blind injection and out-of-band methods to extract data even when direct output isn’t visible. Attackers employ automated tools to identify vulnerable parameters and chain multiple injection points to escalate their access privileges.

9. Cross-Site Scripting (XSS)

Cross-site scripting (XSS) is an attack type against a web application that causes users to continue reading malicious scripts introduced by the network. These types of attacks insert an inline of client-side code via web pages that users trust to interact with. Stealing session cookies, capturing keystrokes, and redirecting users to malicious sites are only a few of the types of XSS attacks. This allows attackers to hijack user sessions, deface the website, and make transactions as though they are real users if they are successful.

The latest forms of XSS attacks use DOM-based techniques and store payloads that last inside application databases. Through the use of polyglot payloads, attackers exploit HTML5 APIs and WebSocket connections for continued access while evading conventional XSS filters.

10. Remote Code Execution

Remote Code Execution (RCE) vulnerabilities allow attackers to run arbitrary commands on target systems across the network. These attacks exploit software bugs, unpatched systems, and misconfigured applications to execute malicious code.

Successful RCE attacks provide attackers with direct control over compromised systems. Attackers can install persistent backdoors, create new user accounts, and use compromised systems as launch points for lateral movement through the network.

Advanced RCE attacks use fileless techniques and living-off-the-land binaries to avoid detection. Attackers chain multiple vulnerabilities and use legitimate system tools to maintain persistence while evading security monitoring systems.

11. Cryptojacking

Cryptojacking attacks hijack network resources to mine cryptocurrency. These attacks compromise systems through malicious scripts and infected applications or exploit vulnerabilities to consume processing power.

Cryptojacking operations can significantly impact network performance and system availability. Infected systems experience high CPU usage, increased power consumption, and reduced performance while generating unauthorized network traffic.

Modern cryptojacking malware uses process injection techniques and rootkit functionality to hide mining operations. Attackers distribute mining tasks across multiple compromised systems and adjust mining intensity to avoid detection through performance monitoring.

12. Password Attacks

Password attacks attempt to compromise network access credentials through various methods. These attacks include brute force attempts, dictionary attacks, and password spraying against authentication systems.

Successful password attacks provide unauthorized access to network resources. Attackers can compromise multiple accounts, especially when users reuse passwords across different systems or implement weak password policies.

Advanced password attacks use credential-stuffing techniques and rainbow tables to speed up the cracking process. Attackers harvest credentials from previous data breaches and use distributed attack infrastructure to bypass rate limiting and account lockout controls.

13. API Vulnerabilities

API vulnerabilities expose network services to unauthorized access and manipulation. These security gaps occur in poorly secured application programming interfaces that connect different network services and applications.

Insecure APIs can leak sensitive data, allow unauthorized operations, and provide attack paths into internal networks. Attackers can exploit broken authentication, excessive data exposure, and missing rate limits to compromise connected systems.

Modern API attacks target GraphQL endpoints and microservices architectures. Attackers use automated tools to discover undocumented endpoints and exploit API versioning issues to bypass security controls while maintaining persistent access.

14. Network Protocol Attacks

Network protocol attacks are those that take advantage of one or more weaknesses in common communication protocols. They exploit weaknesses in fundamental network protocols, such as TCP/IP, DNS, SMTP, and others, which are essential for carrying out many types of active network communications. Protocol-level attacks intercept, manipulate, or change network traffic. DNS poisoning, ARP spoofing, and protocol downgrade attacks are some examples of what attackers may do to violate network security mechanisms in an organization.

High-end protocol attacks evade the protection of network security controls using protocol tunneling and covert channels. Lurking malicious traffic in legitimate protocol behaviors, attackers use characteristics of the protocol itself for command and control communications.

Best Practices for Minimizing Network Security Risks

Network security requires a structured approach that includes several security controls and practices, as well as network security basics. The following best practices give organizations critical guidance to help strengthen the security posture of their networks and mitigate risk.

1. Strong Access Controls

Access control is a part of the foundation for network security that deals with authenticating and authorizing users to do only what they should do. This requires organizations to apply multi-factor authentication (MFA) at all network access points so that users are authenticated using different methods of verification. Use Privileged Access Management (PAM) systems to restrict and oversee the use of administrative accounts. Such systems should require that the principle of least privilege be enforced and so on.

Predictable access reviews and automated user provisioning/de-provisioning processes support keeping these rights up-to-date. Contractors and other temporary users should be granted only time-based access controls while maintaining detailed logs of all access activity.

2. Network Segmentation and Monitoring

Network segmentation breaks networks into isolated zones depending on the security requirements and functional needs. Organizations should use VLANs, firewalls, and ACLs to restrict the traffic flow between segments of a network. IDS/IPS systems continuously watch the network, and anything suspicious is blocked. Network analysis tools are important for discovering baseline behavior patterns to help security teams answer some questions whenever a possible event occurs, such as anomaly detection.

3. Security Patch Management

Systematic patch management guarantees all network devices and software are up to date with security updates. Organizations need to deploy patches automatically with testing mechanisms to ensure that a patch will work in production before actually implementing it. Regular vulnerability assessments should target any systems organizations need to update. Critical patch prioritization based on vulnerability severity and impact on business operations is a must for security teams.

4. Data Protection and Encryption

To protect the data, both at rest and in transit must be encrypted. Organizations should use TLS 1.3 for all network communications, and deployed data-at-rest encryption algorithms should use proper strength. Organizations need to ensure encryption key management systems adhere to secure encryption keys and rotate periodically. Secure, encrypted offsite backups with regular restoration testing are a must for every enterprise.

5. Security Awareness and Training

Employees are educated about the risks related to network access security and best practices through awareness programs. Organizations should run regular training on prevailing threats, social engineering methods, and security guidelines. The simulated phishing campaigns help in testing user awareness and training needs. When employees fall for phishing tests, security teams should give them immediate feedback and offer further training. Security updates and newsletters are provided regularly as new threats arise.

SentinelOne for Network Security

SentinelOne provides autonomous endpoint protection for network endpoints through its proprietary AI-based platform that secures zero-day threats in real-time. They use behavioral AI to detect and respond to threats across attack vectors such as file-based malware, fileless attacks, and zero-day exploits. It correlates all related security events, giving organizations complete visibility into the attack chain from entry to containment.

ActiveEDR, a feature native to the platform, listens to every activity on system (kernel level) information, including both process linkage and network communications. In the event of a detection, SentinelOne automatically responds by terminating processes, isolating devices from the network, and rolling systems back to pre-attack states.

With network control capabilities, SentinelOne helps organizations decrease attack surfaces by providing granular controls for devices and USB ports connected to endpoints on the network. It offers visibility into every bit of network flow, showing the security team every connection and data transfer.

Conclusion

Network security is one of the basic needs for present-day organizations as dangers to their framework keep developing. The most effective defense against network attacks is a multi-layered security approach that combines technical controls, monitoring systems, and user awareness.

Their security needs to be up to date, and they need to follow all the network security best practices and use advanced security solutions such as SentinelOne for network infrastructure protection. With security controls in place and continual attention to the evolving threat landscape, organizations can minimize risk exposure effectively and continue secure network operations.

FAQs

1. How to Identify Network Security Risks?

To identify network security risks, a systematic methodology should be adopted that uses both automated scanning tools and manual assessment methods. Regular vulnerability scans, penetration tests, and security audits across the network infrastructure, as well as continuous monitoring by SIEM systems and log analysis of all infrastructures, are important for organizations to follow.

2. How to Mitigate Network Security Risks?

The remediation of network security risks requires a defense-in-depth approach that uses multiple layers and controls for security purposes. This would require organizations to put in place updated security tools such as firewalls, intrusion detection systems, and endpoint protection platforms while securing user access via mechanisms like multi-factor authentication and privileged access management.

3. How to Conduct a Network Security Risk Assessment?

Network security risk assessment is a systematic evaluation of the network infrastructure and available security controls to detect any potential risks. Security teams should map network architecture, data flows, and access controls while using automated scanning tools and manual testing procedures to discover threats and potential weaknesses.

4. What is Network Security Risk Management for Remote Work?

Remote access security protects points that allow entry to the distributed network and addresses how security controls can be maintained across hybrid (and remote) endpoints. Organizations should facilitate secure remote access over encrypted VPN connections while deploying endpoint protection solutions on remote devices, as well as strong authentication mechanisms, ensuring at least multi-factor authentication for every remote access attempt.

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