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.
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.
Many business owners - and the IT professionals they rely on - focus on protecting their companies from external threats – the lone hacker out for a large ransom, the industry competitor pilfering secrets, or organized cyber-criminals with sophisticate phishing schemes, etc. But what about internal threats? Organizations sometimes fail to consider the true risks that insiders pose to their cybersecurity. Yet, internal risks are every bit as dangerous and damaging as the external ones, even if there is not malicious intent. The 2019 IBM Cost of Data Breach survey revealed that 24 percent of all data breaches in the past five years were the result of negligent employees or contractors.1 Another report, Insider Data Breach Survey, found that 60 percent of executives felt employees who made mistakes while rushing to complete tasks were the primary cause of internal breaches. Another 44 percent pointed to a lack of general awareness as the second most common reason, and 36 percent cited inadequate training for their organization’s security tools as a close third.2 To drive home the full harm of insider threats, we’ve compiled five actual case studies of internal actors who’ve wreaked financial and reputational damage when they got careless, or abused their knowledge and positions for personal gain.
As you probably know by now, to survive a malicious cyberattack, you must be prepared. Being prepared is a lengthy but essential process. This process is what we refer to as being cybersecurity-ready. Over the last three weeks, we broke down the steps of Cyber-Readiness. Although reasonably straight forward, these steps are extensive and necessary to help keep your hard-earned business safe from a successful cyberattack. As the process is vital in today's age of increasing cybercrimes, let's take a look at what we covered.
Cyber-readiness is the art of taking the proper steps to ensure your business is as prepared as it can be. You need a secure plan which assures that you have completed all the steps to ensure that your environment is without any major faults. Yet, there is still one more significant step. You must do your research. Are your passwords at risk? Are you monitoring your network? What are your vendors doing to protect you? If you don't know the answer to these questions, then you are at risk. Cybercriminals know and understand the proper channels to take to deploy a successful attack. In the final part of our cyber-readiness series, we are exploring the vital research needed to help keep your business safe.
As most of us know, cyber threats are on the rise due to the many uncertainties in our world. To combat the imminent risk, last week, we began our three-part Cybersecurity Readiness series. Part one of the series covered the necessary groundwork for a successful cybersecurity readiness plan. Without a multi-dimensional plan, the flaws and holes will be prevalent in your security. With the right foundation in place, we can move on to part two, which includes the steps we need to take daily to sustain a robust security strategy.
Part-two of our cybersecurity readiness series includes the daily steps needed to help prevent a malicious cyberattack.