Which of the following is considered a common type of cyber threat?

Ransomware attacks are indeed a common type of cyber threat. This form of malware is designed to infect and lock a user's system, rendering data and files inaccessible until a ransom is paid to the attacker. Ransomware has become increasingly prevalent, affecting individuals, businesses, and even critical infrastructure.

The impact of a ransomware attack can be severe, leading to significant financial losses, damage to reputation, and disruption of operations. Organizations often invest heavily in cybersecurity measures to defend against such threats, including regular data backups, employee training, and implementing advanced intrusion detection systems, which further emphasizes the importance of understanding and mitigating ransomware as a cyber threat.

In contrast, data entry errors and quality assurance issues are typically considered operational risks rather than cyber threats. Market competition falls outside the realm of cybersecurity, focusing more on business strategy and external economic factors. Understanding the specific nature of different types of risks is crucial for effective cybersecurity management.