3 Facts About Cyber Security to Factor into Your Strategy Now

Last week I read this blog titled 3 Big Facts About Cybersecurity In 2020 To Remember For 2021 which talks about phishing, ransomware and The Dark Web. Whilst I agree with these 3 threats, it’s important to remember that a layered security approach for any organisation is key to the sustainability of growth and development. Yes, last year saw a rise of the distributed workforce, the fast adoption to the cloud and a massive increase in COVID related scams, which are still being executed by cyber criminals, thus making your company and all your employees more susceptible and an easy target especially when security most certainly was not and is not top of mind. 

For many the need for business continuity and getting up and running as soon as possible those few days before lockdown announcement number 1 massively outweighed concerns over networking and security. And why wouldn’t it! However now we face being in lockdown number 3, with no real idea of when we will be normal again or what normal might look like and still you’ve not addressed those ‘pesky’ security concerns.

So, following on from the blog mentioned above here are 3 key takeaways so you can start to take your cyber security back into your own hands. Remember cyber security is companywide and not just and IT issue.

1. Phishing Rules the Roost

Most of today’s nastiest threats have a common denominator: phishing. More than 80% of all cyber attacks are phishing based. That means that an essential part of keeping your business safe from cyber crime is keeping your business safe from phishing. Phishing attacks skyrocketed by over 600% in 2020, and that’s not going to go away. 

How to mitigate the risk?

People are a critical layer within your cyber security posture and with greater reliance on email communication, the dangers of phishing are even more apparent for businesses, especially in the form of ransomware. 

By committing your company to Security Awareness Training in this ever changing world will help protect against the growing and varying threats organisations face today. Don’t let those criminals leap to the golden opportunity that increased email usage creates for them to launch phishing attacks – and they’re branching out with more attempts through voice, text, messaging, and SMS.

2. Ransomware is Here to Stay

Ransomware was the most devastating and disruptive single threat type in 2020, and that looks set to keep going through 2021. More than 50% of businesses were impacted by ransomware in 2020. It’s become a favoured tool of hackers from sophisticated nation-state groups to cyber criminal gangs on The Dark Web. Experts estimate that a ransomware attack will take place every 11 seconds in 2021.

Cyber criminals aren’t just using ransomware to steal data anymore. In 2020 there’s been a trend towards ransomware being used to disrupt operations at businesses, manufacturers, essential services, infrastructure targets, and hospitals plus many organisations in other sectors worldwide. Just before the COVID-19 vaccine news started rolling in, cyber criminals were deploying ransomware against hospitals, pharmaceutical developers, laboratories, even cold storage trucking companies. They weren’t trying to steal data, they were trying to disrupt operations at critically needed organisations in order to score a big, quick payday, and they were successful in many cases.

How to mitigate the risk?

  • Don’t click links in emails
  • Scan emails for malware
  • Firewall and endpoint protection
  • Keep data backups, regular
  • Protect your information

3. Dark Web Danger is Real and Growing

The Dark Web is a complicated place, and just like everything else in the world, the chaotic nature of events in 2020 impacted the way it operates too. It hasn’t stopped growing – Dark Web activity has increased by more than 300% in the last 3 years. While it hasn’t been as much of a newsmaker as flashier things like nation-state hacking, make no mistake – it’s still an enormous threat to all businesses, and that threat is only growing larger with time.

The proliferation of information gathered in data breaches, especially in last year’s record-breaking year, provides ample fuel for cyber crime like credential stuffing and spear phishing. An article published on the 3rd February 2021 states more than 3 billion unique pairs of cleartext emails and passwords were leaked online from previous data leaks.

The growth of the cybercrime-as-a-service sector of the Dark Web economy also puts companies squarely in the crosshairs of bad actors. Plus, in a challenging economy, even cyber criminals are feeling the pinch and looking for new ways to rake in cash.

How to mitigate the risk?

Dark Web monitoring solutions are a security essential because it provides your company with something incredibly precious: time. By having your business credentials monitored 24/7/365 with our expert human and machine-powered analysis, you’re making it possible for you to find out if you’ve been a victim of credential compromise fast. Which gives your IT team time to address vulnerabilities before the bad guys even find them.  

No Company Can Afford A Cyber Security Nightmare.

Let NetUtils help you add strong cyber security protection at a price that won’t keep you up at night. To get you started we’d like to offer you a complimentary Dark Web scan and we’ll show you how our solutions can help you secure yours and your clients’ systems and data against today’s (and tomorrow’s) biggest threats fast.

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