The cybercriminals have small businesses in their crosshairs. Verizon's Data Breach Investigative Reports states phishing is the number one cause of data breaches and 43% of cyberattacks are targeted at small to medium-sized businesses (SMB.) The frequency of attacks is on the rise and in today's COVID-19 environment, cybercriminals see this as an advantage and are taking the opportunity to attack.
Have you noticed consumer and business sites including mobile applications requiring multiple steps to verify who you are? Perhaps you’ve set-up a multi-step verification method to access your bank or Google email account? This security measure is growing in popularity as most data breaches today begin with a set of compromised credentials. From financial institutions to online stores to social media sites, many businesses are now requiring multiple factors of verification to ensure a user is who they say they are, reducing the chances of a cybercriminal successfully gaining access to their networks.
Today, your applications and files are no longer all contained within your four walls. Your staff may work from home or is on the move which means they are accessing your company's data and apps from multiple locations and on multiple devices. To keep your data secure, you need to know who is knocking at the door before you let them in. Your business might require complex passwords, but in reality, your staff is most likely using the same passwords across personal and business accounts, and the cybercriminals know it.
Every year, Cyber Monday brings us incredible deals and discounts; however, it's also the time of year when cybercriminals increase their efforts to steal our money and confidential information. To stay safe while shopping online, keep the following cybersafety tips in mind.
The 2018 Human Factor report by Proofpoint states that as many as 95% of web-based attacks now incorporate social engineering, or human error factor. So, with that simple fact, how can your organization prevent its employees from releasing confidential and critical information?
In 2017 alone, $5 billion was extorted from businesses using Ransomware, software that encrypts your files until you pay the criminals off. In another attack that took advantage of the Internet of Things (IoT), cyber criminals were able to leverage 10,000 security cameras and DVRs to take down popular websites across the internet. Not scary enough? It is important to acknowledge that none of us are above these attacks and anything connected to the internet is a potential target for hackers.
When it comes to security risks and errors, businesses often fall victim to assumptions and oversights. The reality is that the protection of information and applications is always evolving and, as criminals find new ways to exploit weaknesses, it's tough to stay one step ahead.
Has anyone at your organization ever received an email that was not what they thought it would be? Maybe it was a message from a vendor looking to verify sensitive account information; a message from an accountant sending completed tax returns in the month of August; or, a note from what appears to be your accounting firm indicating they need you to confirm Social Security Numbers in order to send employee paychecks?
Data breach attacks are only getting more sophisticated and gaining more traction. They're happening to individuals at home, employees within organizations who click on the wrong link, CEOs who are targeted in a Business Email Compromise, and the list goes on. What's even worse is that small- to medium-sized businesses are more of a target than the large corporations. According to Verizon's 2017 Data Breach Investigations Report, 61% of all data breach victims are businesses under 1,000 employees.
By now, it’s not a well-kept secret that IT security is an important consideration in the design and operation of an organization’s network. A lot of things can be centrally managed by your IT administrator, like maintaining current anti-virus software, delivering timely operating system security updates, and web content filtering.