As we near 2021, I hope you rejoice in the ending of a challenging year and eagerly step toward a year with more light and promise. We have seen significant advancements in technology throughout 2020 with the immediate need to change the way we live and work. In addition to the significant advances, we unfortunately have also seen cybercrimes spike. We are all thrilled to shed this current year and move past it, although we need to make sure we are stepping into 2021 educated and ready to take on the imminent threat of cybercrimes. Now is the time to ready ourselves to be educated, secure, and cyber-ready.
The question is not whether you should have multifactor authentication (MFA); instead, what type? MFA is utterly essential when it comes to your business and personal data security. In the world of multifactor authentication, not all avenues are created equal. Although having something is better than nothing, in this case, that is not the attitude that you should have concerning your security. In 2016, NIST (National Institute of Standards and Technology) proposed restricting the use of SMS or voice for MFA, and although they softened their approach, they still do not recommend this method of MFA. Microsoft recently began campaigning against using SMS or voice for MFA. Today we are going to look at why the big push and what avenue is best for MFA.
In regards to Multifactor Authentication, the question should not be if but instead what kind. Multifactor authentication (MFA) is vital to the security of your network. As Brian Sherman from Valeo was quoted, “Weaker MFA is better than no MFA.” However, if you can protect your data more thoroughly, then why wouldn’t you? Let’s take a look at the forms of MFA and how they will help keep your data safe.
Top 2020 Phishing Threats and How to Dodge Them
2020 has been quite a year thus far. Alongside record alcohol sales, Cybercrimes are also at an all-time high. As we have discussed in the past, 91% of breaches begin with a phishing attempt, and we have seen phishing attempts increase by 600% since January. To avoid these tricky phishing schemes, we need to understand what to be vigilant of when it comes to phishing attempts. We know that COVID-19 phishing attacks are on the rise but don't get too complacent in that fact. Let's take a look at the top trending phishing attacks in 2020.
Cybersecurity is a term we discuss broadly. It was discovered in 2019 that the average sophisticated cyberattack costs an organization $13million. With this extreme financial consequence, you can understand why we focus on cybersecurity education and prevention. We know the dangers of cyberattacks, although are you aware of what started the Cybersecurity Industry? This week we hit the thirty-second anniversary of the first sophisticated computer worm. How did this "research project" meant to determine the Internet's size end up taking down 10% of the Internet within 24 hours?
As we have discussed time and time again, COVID-19 has changed a great deal about our world. It has altered the way we work, the way we socialize, and it has put a massive new stressor on our shoulders. Not only do we fear our health, but COVID-19 has proven to be a threat to our business’ cybersecurity. The scams that have come out of the fear and uncertainty surrounding COVID-19 are elaborate. From using frightening subject lines to adopting faux letterhead, these scam artists are scrambling to use the climate of fear and disruption that has been caused by COVID-19 to their benefit.
With the fact that 158 accounts are hacked every second on average, businesses need to be versed in what to do when you receive the alert that your or employee's credentials have been compromised. It is an unfortunate reality that once exposed on the Dark Web, your information cannot ever be completely removed or hidden. You cannot file a complaint or contact a support line to demand your data be removed. Your company should immediately start taking appropriate steps and measures to correct or minimize the risks and potential damages associated with this exposed data. We must identify, understand, and learn from past mistakes or failures, and adopt a more proactive and preventative approach to your business' cybersecurity strategies moving forward.