With the incidence of cyber threats growing more rapidly than ever, the issue of security has been brought to the forefront of every CIO’s mind. Today, cybercrime is a billion dollar enterprise, and it’s on the rise. In 2018, high profile cyberattacks plagued some of the world's largest organizations, releasing the personal records of millions, if not billions. With the incidence of cyberattacks growing year over year, no organization, regardless of size or industry, is free from the risk of data breach. It is no longer a question of if your company will be attacked, but when. For this reason, it is important now, more than ever, to implement a proactive approach to cybersecurity.
Phishing is a widely known cybersecurity risk; you’ve probably heard of it. A cybercriminal sends a convincing email, complete with a link to what looks like a company’s website at first glance, only to attempt to obtain your login credentials for their own use. Over the past decade, consumers and businesses alike have been taking steps to protect themselves from this threat. What you may not know, however, is that there are various types of phishing attacks beyond those carried out exclusively over email. One such type is vishing.
With internet access and availability having increased significantly over the past few years, more people now conduct their transactions online. Knowing this, cybercriminals spend considerable amounts of time and money looking for ways to access private personal information or confidential business information for nefarious reasons. Of the many techniques used by cybercriminals to obtain private and confidential information, one of the most endemic is phishing.
Due to increased public awareness about the importance of keeping online transactions and documents secure, cybercriminals have modified their network attack strategies. Technological advances over the past several years have enabled these cybercriminals to develop more innovative, as well as stealthy, ways to attack computer networks.
Over the past several years, there has been a significant increase in the frequency as well as the severity of data breaches. In 2018, ransomware attacks increased by 350%, spoofing increased by 250%, and spear-phishing increased by 70% overall. Furthermore, the average total cost of a data breach for an individual company increased from $3.62 to $3.86 million, an increase of 6.4%.
High profile data leaks and security breaches have been commonplace in the past few years, with instances of high-profile breaches of large tech companies often making the news. However, it’s not just tech giants who are at risk of having their business’ or their customers’ data accessed by outside entities; small and medium-size organizations across all industries can be at risk as well. Recently, such an example manifested at Georgia Tech University, where an unauthorized user of a university web application exposed information like names, birth dates, and social security numbers for up to 1.3 million people. The implications of these leaks can range from an outside actor simply viewing the data to find anything of use, to using the information they extract to discover perceived weaknesses at your firm, or even demanding a ransom for disposing of the data.
Chief Information Security Officers (CISOs) may have one of the most stressful jobs in business. According to a Forbes report, 1 in 6 CISOs medicate or use alcohol to combat workplace stress. That same report uncovered that less than a third of CISOs are in their job for more than three years. Additionally, 91% of the CISO report respondents say they suffer moderate or high stress.
NewCloud Networks specializes in cloud computing and cloud communications services. These services include private, public, and hybrid cloud, backup as a service, disaster recovery as a service, security as a service, and even hosted phones. Storing data, visualizing data, and protecting data from hackers, disasters, or simple user error, are just a couple of use cases for our cloud services.
Data security is a red hot topic and a top of mind concern for all businesses. Small businesses worry about lacking expertise needed to protect data. Just one cyber-attack can put them out of business. Large businesses that deal with millions of personally identifiable information (PII) risk bad publicity, litigation, and significant financial loss due to poor data security. Here are 5 (relatively) easy steps to make your data more secure.
As humans, we are constantly weighing the odds of particular events happening, more specifically we identify the likelihood of negative events happening to us as lesser than them happening to someone else. This “that won’t happen to me” attitude is the main reason why we so often take a reactive approach to security. For example, your house gets broken into. From a reactive standpoint, you call the police, go out and buy a security camera, change the locks on your doors, etc. The proactive approach would suggest that you do all of this before the break-in occurs so that you've implemented the cameras, get that guard dog, and change the locks before an incident even occurs. For security issues that pertain to your business and its data, a reactive approach won’t cut it, and will often result in prolonged downtime and unexpected data loss. With security breaches on the rise, the important thing to realize is that it is no longer a matter of IF you will be affected, but when.