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Are Password Managers Safe?

If you’re struggling to juggle your passwords, the solution to your woes is a password manager. See our recommendations.

Password managers are a safe, secure way of logging into your various online accounts. In fact, they’re vastly preferable to the alternatives of either trying to remember multiple unique passwords or re-using the same password over and over.

According to Pew Research Centre, half of users have up to 25 password-protected accounts online. That’s far too many for the average person to remember, making it hard to stay secure. A secure password manager will automatically store all your logins, meaning that you’ll never have to remember one ever again, and can even generate passwords for you.

Given that even industry-leader LastPass was once the victim of a hack, concerns remain over using password managers. Besides, you may be questioning the wisdom of storing all your passwords in one place. These are legitimate concerns, but research has shown that using a password manager is far more secure than not using one. The risk of your business getting hacked is high, particularly during the pandemic, so we’d strongly recommend getting one yourself.

As for which password manager you should choose? We’ve tested some of the best password managers around, and while they’re all safe and secure, the best on test was LastPass. This stands out thanks to a simple interface, secure setup, and brilliant family-sharing options. Plus, you can try LastPass for free to see if you like it.

Is it Safe to Use a Password Manager?

Yes – a good quality password manager is a safe, trustworthy and highly recommended security tool. In fact, security experts almost uniformly believe that password managers are infinitely safer than virtually every alternative there is, for businesses and individuals alike.

Top password managers, such as 1Password, Dashlane or LastPass, can be trusted to protect your account logins thanks to secure encryption that keeps your passwords secret.

Here’s how it works in practice. You create an account with a password manager, then create a single “master password” to log into it. To keep your password manager safe to use, it’s essential that your master password isn’t anything obvious. So that’s no to “12345,” “qwerty,” or “passwd.” Instead, pick a longer phrase or mix and match cases and special characters – just ensure it’s unique and memorable.

Then, the password manager can get to work automatically generating complex, unique passwords for every service you log into online – one for your Amazon account, email account, Facebook account and so on. You won’t need to memorize these – whenever you login in, the password manager will automatically apply the password (and you enable the password manager via that single master password).

This entire process is far more secure than re-using the same password over and over on multiple sites – the single biggest risk you can take with you and your business’ online security. It’s also far easier than attempting to remember multiple unique passwords.

So, if it’s all win, why are there any questions around password manager safety? Largely, these come down to an understandable concern over the security of handing over your logins to a third-party service. That’s why we’d recommend only using a trustworthy, well-rated password manager. So which ones would we recommend?

Most Secure Password Manager

If you want a secure password manager, you should opt for a paid one. Free password managers tend to be restricted in some way, and are usually supported with adverts. Additionally, free password managers are simply not set up to handle a full business’ security needs, which means paid for is always the way to go.

In our testing, we found LastPass to be the most secure password manager. For a few dollars a month, it could save you a lot of headaches, as well as time spent waiting for password reminder emails to drop into your inbox.

Do Password Managers Get Hacked?

No online system is infallible. Password managers – just like any other online service you use, such as Amazon, Twitter or Facebook – run the risk of being hacked. In fact, some have been.

The best password managers, however, will take your security very seriously – after all, you’re paying for the service. If you lose trust in them, they lose your patronage, and with it, your payment.

When LastPass was hacked in 2015, users were right to be concerned – after all, if a hacker could get into the system, they could, in theory, have access to every password that LastPass users had stored there. However, even though its security was breached, hackers were unable to steal any information – all of the passwords were protected by the users’ Master Password, which is not stored on the LastPass servers. This meant that the encryption on the passwords stored by LastPass was unable to be cracked. And that is why you should pay for a password manager.

Password managers are also a common target for ‘ethical hackers’ — those who like to test the security of online systems to flex their coding muscles. Password managers are their white whale – crack one of these open, and they’ll win the acclaim of the industry.

This isn’t as scary as it sounds though. In fact, ethical hackers are offering a great service, finding exploits in online systems before more nefarious people do. Once they’ve found a vulnerability, these hacklers will make contact with the service and let them know, allowing the provider to then fix the issue.

Verdict – Should You Use a Password Manager?

We can’t state this clearly enough – a password manager is a safe, recommended way to secure your online logins. The alternatives are far, far riskier – in particular, that old habit of re-using the same old password again and again across multiple websites (please, just don’t).

No system is guaranteed bullet-proof, and as the LastPass hack showed, even password managers can be vulnerable. However, as that very incident showed, there are serious protections in place, and these prevented the LastPass hack from being a disaster for any customers.

In the age of hybrid work and vast security breaches, we’d strongly recommend getting up and running with a password manager for proper online peace of mind.

If you are looking for an expert to help you find the best solutions for your business talk to GCInfotech about a free technology assessment

Published with consideration from Tech.co SOURCE

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Why managed IT services is best for SMB cybersecurity

Without technology, businesses cannot compete and succeed. But with the advancement in technology comes the ever-constant threat of hackers and cybercriminals. That’s why small- and mid-sized businesses (SMBs) need to protect themselves with robust cybersecurity solutions managed by reputable managed IT services providers (MSPs).

The numbers

Through the years, the number of SMBs falling victim to cyberattacks has drastically increased. Ransomware attacks, misconfigured systems, credential stuffing, and social engineering are among the many cyberthreats that SMBs face. Also, according to Verizon’s 2021 Data Breach Investigations Report, one in every five data breach victims was an SMB. What’s more, only 47% of SMBs are able to detect breaches within days.

The financial consequences have also considerably increased. IBM’s Cost of a Data Breach Report 2021 shows that “data breach costs rose from USD 3.86 million to USD 4.24 million.”

The numbers don’t lie, so it’s only about time SMBs take cybersecurity seriously. You can safeguard your business from cyberattacks and provide a more secure customer experience by working with a trusted MSP.

Why managed services?

Partnering with MSPs is the most effective way to prevent attacks and defend against malicious threats. MSPs offer a full range of proactive IT support that focuses on advanced security, such as around-the-clock monitoring, data encryption and backup, real-time threat prevention and elimination, network and firewall protection, security awareness training, and more. Here are some of the services an MSP can offer:

    • Around-the-clock monitoring – A cyberattack can happen at any moment. By having someone watching your networks and systems 24/7, MSPs ensure that any potential threats are identified and dealt with quickly.
    • Data encryption and backup – Data encryption transforms readable data into an unreadable format. This can be done through the use of a key, which is only accessible to authorized users. This way, even if the data is compromised, it can’t be read without the key. Meanwhile, data backup is the process of creating and preserving copies of data so that it can be restored in the event of data loss.
    • Real-time threat prevention and elimination – By using technology that can detect and stop threats as they happen, this security solution can minimize the impact of an attack and keep your business data safe.
    • Network and firewall protection – Networks and firewalls create a barrier between the business network and the internet, securing confidential data, such as customer information, employee records, and trade secrets. Networks can be configured to allow certain types of traffic through while blocking others, so that only authorized users can access specific resources.
    • Security awareness training – Now, more than ever, SMBs need to be aware of cybersecurity threats and how to protect themselves. MSPs can facilitate security awareness training that can help employees spot red flags and know what to do (and not do) to keep company data safe.

Managed IT services are designed to identify and fix weak spots in your IT infrastructure, enabling you to optimize the digital backbone of your business processes. With managed IT, you’ll also have faster network performance, a solid business continuity and disaster recovery strategy, and minimal downtime. You’ll also get a dedicated team of IT professionals ready to assist you with any technology-related problems. This is much more effective and budget-friendly than having in-house personnel juggling all of your business IT needs.

Being proactive when it comes to cybersecurity is the only way to protect what you’ve worked hard to build. If you’d like to know more about how managed services can benefit your business, just give us a call — we’re sure to help.

Are you interested in learning more about cybersecurity? Call us today and discover how our wide array of tech services can safeguard your business.

If you are looking for an expert to help you find the best solutions for your business talk to GCInfotech about a free technology assessment

Published with consideration from techadvisory.org SOURCE

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5 Cybersecurity Tips That Small Business Owners Should Know

Small businesses aren’t exempt from Russian cyberthreats, according to US officials. Here’s what to know.

In the wake of Russia’s invasion of Ukraine, cybersecurity concerns in the US are mounting for small businesses, home offices and larger enterprises, according to national security alerts issued by the FBI, DHS and CISA.

Even though government-sponsored attacks are gaining public attention, cyberattacks from independent actors or groups are always a concern for small to midsize businesses. Factors like budget and IT staff limitations can leave small businesses more vulnerable to cyberattacks. The Small Business Administration reported there were 32.5 million small businesses in the US as of 2021.

There’s no foolproof way to completely protect yourself from online attacks, but the first step is to understand what the threat is, where your business may be at risk and which proactive steps you can take. To that end, we’ve compiled a list of cybersecurity tips for small business owners.

Know the most common cyberattacks

Cyberattacks can take many forms and are constantly evolving, according to the US Small Business Administration, but the best defense is knowing the most common cyberattack forms like malware, viruses, ransomware and phishing.

Malware is an umbrella term for malicious software that aims to damage your computer, server, network or client.

Viruses and ransomware are also considered as types of malware. Viruses mean to infect your computer as well as other devices, leaving your system vulnerable. Ransomware, which has been on the rise in the US, works like a virus, but is usually delivered through a phishing email and essentially holds your system hostage until a sum is paid.

Phishing is a type of scam that tricks people into clicking links that appear legitimate, but are actually malicious. Clicking the link infects your device with malware. Once your system is infected, cybercriminals can attempt to steal sensitive information. Phishing falls in a wider category of social engineering, a tactic meant to deceive individuals into disclosing sensitive information or clicking a malicious link.

Train employees to be security-conscious

Cybersecurity is a team effort. Make sure your employees create strong passwords and reset them on a regular schedule. Employees should be aware of red flags that indicate phishing emails and malicious files, as well as have an action plan in the event that an attack happens. It’s also important to keep devices, software and browsers up to date. The FCC suggests establishing clear guidelines for internet use, how to best handle customer data, as well as penalties for violating those policies.

Secure your Wi-Fi networks

Your business’ Wi-Fi should be secure, encrypted and hidden, according to the FCC. Your business’ router needs to be password protected, and it shouldn’t broadcast the network name.

If your small business is operated out of your home, consider whether it’s time to upgrade your router to handle modern security threats. If you’re new to Wi-Fi networking, CNET has a handy FAQ that covers the basics.

Back up your files

Cyberattacks often mean to compromise, delete or steal your data. Backup programs can help mitigate this risk. It’s even better if the backup software you’re using lets you set up a schedule or automate backups, according to cybersecurity firm Kaspersky. Keep a copy of your backups offline in case of a cyberattack.

Use antivirus software

Finding the right antivirus software is an important weapon in your small business’ arsenal against cybercrime. Antivirus software doesn’t have to break your bank either — Microsoft Defender is free for Windows, for example. Check out CNET’s guide for the best antivirus software for more information.

For more information, check out big tech’s efforts to support Ukraine shift the industry’s role and how you can help Ukraine refugees and those affected by Russia’s invasion.

Are you interested in learning more about cybersecurity? Call us today and discover how our wide array of tech services can safeguard your business.

If you are looking for an expert to help you find the best solutions for your business talk to GCInfotech about a free technology assessment

Published with consideration from cnet.com SOURCE

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Pros and cons of monitoring employees’ online activities

When people think of monitoring employees’ online activities, they typically imagine tyrannical bosses who want to make sure their subordinates are working during their shift. However, there is much more to monitoring their activities than that — doing so can actually help increase productivity and protect the business in the process. Find out the pros and cons of monitoring your employees’ online behavior by reading this blog.

The case for monitoring

Monitoring your employees’ activities on company devices can be beneficial, as it helps:

  • Protect your organization from data theft or harm since careless or disgruntled employees may leak or steal your data.
  • Ensure members of your staff comply with policies such as not downloading illegal programs or visiting websites with illegal or hostile content.
  • Provide evidence in case of a lawsuit should an employee participate in illegal activities using your business’s computers.

Arguments against employee monitoring

Of course, you should also be aware of the potential downsides to monitoring. These include:

  • Reduced productivity, as monitoring can put a damper on employee morale and the perceived distrust may make your employees less driven to perform well.
  • Privacy or discrimination issues that may stem from you being privy to personal details about your employees that you would’ve never known about had you not monitored them. For example, you may discover their political or religious views, sexual orientation, or medical problems. This subjects your business to potential privacy or discrimination issues if you or your management team acts negatively based on any of this information.

Monitoring guidelines to follow

If you decide to monitor your employees, here are a few tips you should follow.

1. Create written policies
When you monitor your employees, ask yourself, “Am I doing this for security purposes? Is it to ensure my employees aren’t wasting time on games or social media?” Monitoring policies that are too strict could create an atmosphere of distrust.

Set guidelines for acceptable use of email and social media, web browsing, instant messaging, and downloading software and apps. Also, make sure to include how monitoring will be carried out and how data will be used, secured, and destroyed.

2. Inform your employees
It’s important to inform your employees about the scope of your monitoring policies. If they find out you’re doing it secretly, you could face legal issues.

Explain to your employees why you’re monitoring them and the risks your business faces from misuse of digital assets. Reassure them you’re not doing it to spy on their personal lives, but to create a compliant and law-abiding workplace. Because their activities will now be less private, encourage your staff to use their smartphones for personal matters. Also, provide your employees with a copy of your written policy for them to read and sign.

If implemented correctly, employee monitoring makes your business more secure and productive. For more information about security and other IT support tools, get in touch with us today.

If you are looking for an expert to help you find the best solutions for your business talk to GCInfotech about a free technology assessment

Published with consideration from TechAdvisory.org SOURCE

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Is My Small Business Vulnerable to Ransomware?

Businesses of any size can fall victim to ransomware. How will you protect your small business from it? And can you afford it?

The Business of Chicago

One Monday morning, 35 workers of a Chicago business board of directors turned on their computers. They were met by a desiccated head popping up and demanding nearly a quarter-million in Bitcoin. Hackers had shut off their internet access. Their databases had been scrambled and rendered unusable.

This NGO had vital infrastructure but no skilled cybersecurity professionals or even a proper data recovery and business continuity strategy, much like thousands of other ransomware victims whose tales never reach the news.

Company management believed that its data and networks were secure until they experienced that dreadful Monday morning return to work. The company also lacked the financial wherewithal to pay the ransom.

Productivity loss is the biggest price tag paid by ransomware victims. In addition, they suffered the time-consuming job of controlling and cleaning up after the assault.

According to Proofpoint and the Ponemon Institute study, a ransom payment generally amounts to less than 20% of the entire cost of a ransomware attack’s interruption.

The staff at the Chicago organization discovered too late that their data recovery methods did not actually back them up. The organization labored over finding paper documents in order to recreate its records from the ground up.

Businesses In a Bind

Many smaller businesses believe they aren’t vulnerable to ransomware. That is very clearly not the case.

According to the National Cyber Security Alliance, small and midsized firms are the target of the bulk of cyberattacks, with up to 60% of them going out of business within six months of the ransomware assault.

Three Simple Steps to Defeat Hackers

Some may reasonably question, if a $44 billion firm like Accenture can fall prey to ransomware, what hope does a smaller company have?

Everyone requires a reaction plan if no one is immune to an assault. Consider the following three essential steps:

1. Provide cyber awareness training to all staff.

PEBCAC stands for “problem exists between computer and chair” in the world of cybersecurity.

Because email phishing is by far the most common threat vector for ransomware, the first line of defense is to teach all employees not to open unfamiliar attachments or clickbait links — “You’ve just won $1 million!” — and to protect their login credentials, preferably with two-factor authentication.

Some employees, believe it or not, still retain passwords on Post-it Notes stuck to their computer displays. Every employee in today’s networked remote workforce is a member of the security apparatus. Employees play an essential role in data protection. However, they must be given the correct knowledge and training.

2. Update all of your applications.

An inventory of operating systems and software is the first step in any threat assessment.

Updates defend a computer network from known security flaws. Additionally, you must properly maintain and configure every firewall and server to stay safe.

Unfortunately, this seemingly simple task of data governance is a big undertaking. It’s made considerably more difficult by the abundance of endpoints. Think smartphones, industrial systems, IoT devices, and all the equipment used by work-from-home staff.

3. Put backups and recovery strategies to the test.

This is the one step that many companies skip. You shouldn’t.

Pick a day, perhaps a Saturday, when everyone “pretends” to be victimized by a hacker. Test the reliability of your backups and the amount of downtime you can expect to endure should you fall victim to ransomware.

How You Can Recover

To recover from an assault, every firm needs dependable backups and, equally essential, a business continuity strategy. Form a cyber incident response team and conduct penetration testing to ensure the safeguarding of vital infrastructure. Be proactive rather than reactive in your cyber response.

No one is immune to assault. These are merely the beginning of your defenses.

Monitor network traffic in real-time. Otherwise, your organization is extremely susceptible. Mechanisms must be in place to detect and respond to intrusions before you suffer damage. Be aware that 100 percent prevention is neither cost-effective nor practical.

Virus Software

Virus software and firewall hardware have come a long way. However, at the end of the day, the greatest defense is a skilled cybersecurity team.

A monitoring and incident response control center will allow speedy data recovery, reducing downtime for both internal and external cyberattacks. Outsourcing a security operations center may help businesses with limited resources reduce their risk.

Consider the cost of business disruption as the first step in making systems more robust. Governments, utilities, and even IT corporations are all vulnerable to assault. Put a solid data security strategy in place. Without one, it’s not a question of if, but rather when hacking will occur.

Make sure your cloud storage is secure.  It’s imperative that you do so ASAP. Without this safeguard, all sorts of malware, such as ransomware, can run riot through your systems.

Are you interested in learning more about cybersecurity? Call us today and discover how our wide array of tech services can safeguard your business.

If you are looking for an expert to help you find the best solutions for your business talk to GCInfotech about a free technology assessment

Published with consideration from smallbusinesstechnology.com SOURCE

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