The ethical hacker using the knowledge they gain to do malicious hacking activities.
Allowing the company’s financial and banking details to be seen.
There’s a possibility that the ethical hacker will send and/or place malicious code, viruses, malware and other destructive and harmful things on a computer system.
Massive security breach.
These are not common; however, they are something all companies should consider when using the services of an ethical hacker.
The threat hackers pose to businesses is finally being taken seriously as more e-commerce and mobile app-based service providers are taking concrete steps to address the loopholes in their networks. A recent survey conducted by KPMG across various industries had stated that 94% of companies perceive cybercrime as the major threat to business; as many as 72% of the companies faced some sort of cyber-attack over just the past year. What is even more shocking is that 78% of these companies do not even have a cyber-incident response plan. These statistics have brought to light that companies and startups operating in India are vulnerable to cyber-attacks and need stronger security safety measures.
The root cause of increasing cyber-attacks is the severe talent crunch in the number of skilled and trained professionals in the field. Ideally, a firm must have a dedicated team of ‘white hat’ hackers working to continuously test and improve the organization’s network.