In this interconnected world, cyber incidents continue to harm individuals & organizations. To safeguard yourself, the organization should understand how criminals are evolving & changing rapidly. Nowadays, cybersecurity is more important than ever! As the number of threats is increasing, having a robust cyber security approach is necessary.
Types of threats that cyber criminals use to harm the organization
- Business email compromise- Here, the attackers are compromising email accounts through phishing and will continue to grow with a 37% increment during 2023. Ransomware attacks and data extortion attacks can cause significant financial damage to the victims.
- Multi-factor authentication– Nowadays, security has become a rising concern for businesses. The security controls are becoming widely adopted. The attackers are adapting & developing new techniques for bypassing the mechanisms.
- Data extortion– This is another cyber extortion technique that is more common in 2023. In this, the criminals steal data & deploy ransomware more than tripling.
- Remote access solution- It becomes the initial access method for cyber extortion incidents, boosting vulnerability exploitation. The attackers are basically entering valid usernames & passwords like VPNs to gain access to the systems.
Effective ways to safeguard your organization online
Cybercrime can make certain negative impacts on business if certain precautions aren’t taken-
- Protect your databases and networks
Install firewalls and encrypt data to safeguard your networks. By doing this, the likelihood that cybercriminals may obtain private data will be reduced. Verify that your Wi-Fi network is password-protected and concealed. Be sure to choose carefully what data is kept in the company’s databases. Although databases may be a terrific way for businesses to keep all of their data and documents in one place, this does not mean that storing all of the information is a good idea. By backing up your company’s data, you can lessen the chance that it will be lost entirely in a cyberattack, which happens far too frequently. - Access phishing-resistant MFA
MFA isn’t always effective in preventing Business Email Compromise (BEC), as our study demonstrates. To make sure session hijacking cannot get past your protections, we advise utilizing a phishing-resistant MFA. In contrast to traditional MFA, this strategy uses sophisticated methods like biometric authentication and several levels of security to provide improved security. - Clean up the data in your company
In other words, whatever information you save may be susceptible to cybercriminals. Avoid making it simple for hackers to take your information. Don’t hoard data you no longer need, and audit what you have before it comes back to haunt you. Due to their lack of content and restrictions, corporate share drives continue to be one of the primary targets for data theft. - Educate your staff
Discuss with your staff how they contribute to safeguarding and preserving the data of their coworkers, clients, and businesses. Establish rules so kids are aware of what behaviours are appropriate and inappropriate. Keep the number of people with administrative access inside the organization to a minimum. This will reduce the number of apps they may download, lowering the possibility that they will download harmful software and viruses.
Threats to network security can affect companies of any size. Business owners must take precautions like consulting with the Managed IT Services providers to safeguard their data and infrastructure since hackers and cybercriminals are always searching for new methods to take advantage of network flaws.
