Monthly Archives: September 2024

Protecting Your Business from an Evolving Threat Landscape

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Whether man-made or natural, threats to the security of your company’s network are on the rise. Not only do effects of climate change (such as wildfires and floods) pose threats to businesses, but cyberattacks including ransomware via phishing emails, jeopardize your network and data. Read on to learn more about threats and how to overcome them.

 

Common Risks For Businesses

 

Risk management professionals have their hands full! Natural disasters like floods or wildfires can damage, even destroy, security operations data centers, homes and businesses, and infrastructure like power lines. Even a winter storm can keep workers from accessing work systems, and break the connection between a technical problem and its solution. At the very least, natural disasters can result in costly downtime.  According to a CSO Online article, the number of climate change-related incidents with damage exceeding $1 billion dollars had occurred by October 2023. 

 

As if the consequences of natural disasters aren’t serious enough, bad actors are seeking access to business networks to steal data, infect the networks with malware, or both. These cybercriminals might also use a natural disaster to take advantage of a company’s vulnerability. Data breaches are also very much in the news. According to a 2021 cybersecurity threat trends report, phishing emails are responsible for roughly 90% of data breaches. These data breaches come from unsuspecting recipients giving up confidential information when they are tricked into doing so.  

 

Phishing schemes are becoming more sophisticated, too. Another threat is escalating cyberattacks using the same artificial intelligence tools your business might be using to automate processes and make work more efficient. If your company is using the tools, so are the bad actors. Cyber criminals can create more sophisticated phishing schemes, drafting emails lacking the usual spelling and grammatical errors in social engineering messages. Not only that, criminals can create videos (“deep fakes”) that mimic the voice and/or image of someone the recipient knows. 

 

How You Can Protect Your Business

 

It’s said that the question is not if your business is attacked, but when. You may know what your business is up against, but how do you protect yourself? You need a plan. A good place to start is taking inventory of technological assets, including data. Taking a risk management approach by assessing the most likely threats first helps prioritize your response. Partnering with a provider for Managed Detection and Response (MDR) and mobile device management can protect your network and its connected devices.

 

Tools for Protecting Your Network 

 

Two solutions for protecting your network include managed detection and response and mobile device management. Managed detection and response is a cybersecurity service that proactively protects organizations from cyber threats with a combination of technology and human expertise. The provider serves as a partner, taking on time-consuming tasks and using human expertise to hunt down and destroy threats. The end result is the preservation of your company’s reputation and brand. Mobile device management provides visibility across multiple devices and applications, protecting the devices with security features, in accordance with company policies.

 

Threats are escalating, including malware that takes advantage of unprotected devices as well as sophisticated phishing schemes involving artificial intelligence. For advice on shielding your company’s network, contact your trusted technology advisor today. 

 

Guarding Your Network Against Ransomware

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Hybrid workforce is here to stay, and some businesses are entirely remote. With the benefits remote employees bring, it also introduces dangers like unprotected network access and greater exposure to ransomware. Over the last several years, ransomware has increased and can have disastrous consequences to businesses of all sizes. Read on to learn more about the ransomware landscape and how to protect your company from attacks that steal data.

 

Ransomware’s Prevalence and Danger

 

Ransomware, a type of malware that introduces malicious code that can encrypt your data and make it unusable for your company, is nothing new. Even with some progress by law-enforcement groups in taking down some of the infrastructure, it is still prevalent. It can cause data breaches, downtime from inaccessible data, and financial consequences from lost revenue. If your data is stolen or leaked, not only do you not have access to it, but it can damage your company’s reputation because customers no longer trust you to protect confidential information. According to a 2023 report by Verizon regarding data breaches, ransomware affected 66% of organizations; 24% of data breaches occurred as a result of ransomware infection. Aside from lost data, your network could also become a hub, spreading ransomware to others such as customers or vendors. 

 

How Ransomware Enters Networks and How to Keep it Out

 

Points of entry are various, though the primary source is social engineering (phishing) emails. Many attacks come by way of an email containing a link which, when clicked on, downloads malicious software. Malicious actors use urgent calls to action and appeals to fear to get unsuspecting users to give up confidential information. Not that phishing emails are the only way for ransomware to enter. Ransomware can also get in through attacks on vendors, workers using unsecured Wi-Fi, or even an application update.

 

How, then, can you protect against it? Like preventing any cyberattacks, the solution can include tools, policies and people. Tools like network monitoring and updated patches can help detect and block ransomware. Firewalls can also analyze activity between your network and other points and block ransomware. Policies can include having separate computers for business and personal use, as in the case of remote workers. Training workers to recognize a phishing email and report it, and refraining from clicking any links needs to be a regular practice. 

 

With technological innovation comes risk. To learn how to minimize your risk of being a ransomware victim, contact your trusted technology advisor today.