Tag Archive for: cybersecurity

Cybersecurity investments can be infinite: Here’s how to find your floor.

You can make unlimited investments in cybersecurity and still never achieve that nirvana of being “totally secure.” At the same time, service interruptions or losing customer data are so detrimental to your company’s reputational trust and financial bottom line that security is paramount. So, just how much time, effort, and money should your organization invest to ensure it’s secure?

Because cybersecurity perfection is elusive, it’s important to first determine your floor–the minimum amount of security your organization needs to meet your base-level requirements. These should include:

  • Recoverability of data and systems should a catastrophic breach occur
  • Meeting foundational security best practices for current threats, such as employing multi-factor authentication (MFA), deep packet inspection, lateral movement defenses, stringent password hygiene, and security operations center services/endpoint detection and response tools
  • Adequate security to meet ethical responsibilities (and be able to demonstrate due diligence in) protecting organizational/customer data
  • Meeting all regulatory requirements around data protection and privacy, pertaining to your specific industry and organization

Recoverability: The importance of backups

In our experience, few companies understand that backups are one of the most important security controls for an organization’s future. All breaches end with data exfiltration, backup/mass destruction, or both. To disrupt the breach pattern, organizations must first assume it is impossible to prevent all breaches. Threat actors target backups for encryption or destruction 93 percent of the time in attacks like ransomware, so it’s essential to ensure you can recover without resorting to paying ransoms (because even ransom payments don’t guarantee recovery).

Prioritize having stringent controls within and around your backups while also ensuring that threat actors cannot move laterally in your network to access, damage, or destroy these data stores. Also take great care that these safeguards are well-orchestrated, secure, resilient, redundant, and complete, which protects against the risk of total loss. Backups must also be “immutable,” meaning incapable of being changed, deleted, or moved outside of set retention policies or strict access procedures.

Protect sensitive data and meet regulations

Every company has–at a minimum–an ethical obligation to protect the data they hold in trust about their employees, customers, partners, and operations. Law firms must protect their clients’ private and sensitive legal case information; healthcare organizations must maintain patient data privacy; critical infrastructure and government entities are the custodians of highly sensitive data, the loss of which can have serious consequences for people’s lives and national defense.

Most industries also have a varying number of legal obligations to protect data. Regulatory frameworks like HIPAA, GDPR, FedRAMP, and others outline standards that applicable companies must meet to ensure data security and privacy. The cybersecurity rules adopted in July 2023 by the SEC further mandate additional governance, policy, and process requirements for publicly traded companies, holding C-level officers accountable. Your organization should meet applicable requirements and be able to demonstrate due diligence against ethical goals and frameworks.

Insurance carriers and clients may also dictate minimum security requirements.

How can you meet your minimum requirements?

The key to security efficiency is understanding how breaches progress, including tactics and patterns (“breach context”), and then working to disrupt the breach context with highly prioritized investments and efforts.

There is a pattern to breach progression: The attacker compromises credentials; creates persistent network access; elevates access; and then moves laterally in the environment to execute malicious acts (including exfiltrating data, encrypting, and/or destroying backups).

Effective security requires moving backwards in the chain. First, ensure that your backups are impenetrable and recoverable. Next, secure systems so that lateral movement is impossible (by rigorous application of MFA on all administrative controls). Then, focus on locking down credentials and endpoint access (and so on).

To keep this process scalable, it is important to do all these tasks with full knowledge of the tactics, techniques, and procedures of today’s threat actors–how they are compromising organizations today in real-world breaches–so you can prioritize your efforts and focus your dollars. Security frameworks like NIST and many organizational security programs are too blind to current threat patterns, tactics, and methods to be effective. By focusing on defending against in-use threat tactics and patterns, companies can hone their efforts. It’s equally important to only buy tools and solutions you or a third-party team have the skills and breadth to fully utilize, rather than purchasing expensive and complicated tools that sit idle or underutilized.

Achieve a security program that’s just the right size

Most people in IT and security understand you can’t create perfect security. But with knowledge of threat actor tactics, as they change daily, IT teams can disrupt the breach pattern at every stage and achieve relevant, timely defenses where they are the most vulnerable. While access to real-time threat actor data can be challenging, some managed security services providers can help. Coupled with a solid focus on meeting regulations for your specific industry, you can arrive at a right-sized, focused security program.

Contact our team of experts to learn more about developing a comprehensive cybersecurity training program for 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 Inc.com SOURCE

With email being the biggest business productivity tool out there, it’s no surprise that it’s also the main vehicle for cybercrime. Email phishing is the most common type of online exploitation, which grew by 173% in Q3 of 2023 compared to the previous quarter of the same year!

Google blocks about 100 million phishing emails every single day. That’s a huge number for just one platform. Most of us suffer from email overload, but it’s also the medium which feels safe and secure. There’s something about email that feels personal, it’s addressed to us and is now in our virtual – and physical – space. Which is probably why it’s such a successful tool for phishing.

Often we’re responding or taking action on an email in a rush. A quick email reply before lunch break, or rushing to a meeting. It’s those that catch us unawares. Various recent studies have looked into what causes the bulk of data breaches, and unfortunately, it’s us, users. Some say it’s about 88%, whereas others put the number closer to 95% of data breaches are caused by human error.

Here are five tactics and tools to help strengthen your organization’s IT security on the email front:

1. Employee education

Most of us are generally overwhelmed with emails. And often we respond in a rush, trusting that the email is from a reliable source, bearing honest information. Taking that for granted is exactly what cyber-criminals rely on. This is why an employee education and awareness program is absolutely crucial when it comes to internet security. Even the most savvy technology users get caught out, because criminals have one job, and that’s to catch us in a brief moment of unawareness or to make victims of the ignorant.

While it seems insignificant, it’s things like checking sender email addresses, opening attachments with caution, or checking links before, that could halt a data breach. Seemingly obvious, it’s those things that are at the heart of email phishing scams.

2. The wolf in CEO’s clothing

More and more, the Chief Executive of a company is targeted by hackers. Often, the CEO’s IT profile has access to all data systems, so it’s the most valuable access point. When executives are used for phishing, it’s known as ‘whaling’. Impersonating the CEO or top brass is also a brilliantly simple method to trick employees into providing information and access. Who’s going to say no to the CEO? Hackers will create a fake email account and request information from appropriate staff members.

Making employees aware of this sort of thing should form part of an education program, but it’s also a good idea to grant limited access to key systems. Creating silos of users who use a particular system is recommended, or allowing system access for a limited period. Allowing one profile (or more) complete access to all systems all the time is creating a massive platform for risk. Limited access protects the user and the organization. 

3. Cyber threat intelligence in cybersecurity

In cybersecurity, the evolution of algorithmic approaches and the integration of cyber threat intelligence have become essential in combating sophisticated hacker tactics. Modern algorithms now focus on core characteristics rather than just content, employing AI to identify impersonations in writing style and language. This is combined with pattern analysis to block malicious emails. Concurrently, cyber threat intelligence, which analyses the motives, targets, and methods of attackers, has become a crucial defense layer. 

As attackers use advanced methods like legitimate domain emails and clean IP addresses, it’s vital to have robust security systems that blend advanced algorithmic analysis with continuous threat intelligence, and human experts still play a huge role here, to effectively detect and counter hacker activities.

4. View email as just one piece of the security puzzle

While email is a useful tool to access an organization’s assets, it’s not the only one. But it’s important to ensure that all avenues are coordinated to block threats, from cloud applications, to websites accessed by employees. And technology systems are also only one aspect of cybersecurity. Much of an organization’s protection lies in ensuring staff is vigilant and educated. Email security should not be a silo, but rather it should be integrated into the bigger picture of the entire technology environment, which should be integrated into the company culture.

5. A multi-layered approach with emphasis on attachment scanning

In enhancing email security, a multi-layered approach is paramount, with a significant emphasis on the vigilant scanning of attachments. These attachments are often the carriers of malware and other cyber threats. Advanced scanning techniques are crucial, utilizing not only traditional malware signature detection but also heuristic analysis to identify new, unknown threats. This involves examining attachments in a controlled environment, or ‘sandboxing’, to detect any malicious behavior.

Additionally, this multi-layered strategy should integrate robust phishing detection, continuous cyber threat intelligence updates, and stringent access controls, ensuring a comprehensive defense against the diverse and evolving nature of email-based threats. 

Attackers excel in presenting an innocent front in a phishing email, and it requires not only smart systems in place, but human smarts at every level to keep a company’s data assets secure. Cybersecurity walks the fine line between maintaining efficiency and avoiding user frustration, while also keeping an organization’s key assets safe.

Contact our team of experts to learn more about developing a comprehensive cybersecurity training program for 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 TechRadar.org SOURCE

Cybersecurity Awareness Month has been celebrated in October since 2002. It’s a time for everyone, from everyday internet dwellers to private companies, to come together and work to raise awareness about the importance of cybersecurity in the world we live in.

Today I’ll take a look at the four biggest security mistakes that, even now, people still make, and explain why they’re so risky.

Mistake #1: reusing passwords across accounts

In a world where security breaches are a common occurrence, reusing passwords is one of the most dangerous digital habits to have.

Using the same password across multiple accounts means that a cybercriminal only needs that one password to access your entire digital life.

It’s hard to remember all of your login credentials, sure, especially if you have dozens of them – and when many sites force you to create a 14-digit combination of numbers, special characters, and capital letters.

Luckily, this is where password managers come into their own, and I consider them a vital addition to your online security toolkit.

Mistake #2: not updating software

This might seem like a relatively innocuous sin in the grand scheme of things. So you haven’t updated your copy of Windows since you installed it, or that copy of Acrobat Reader that sits quietly in the background until you need to view a PDF. What harm could that possibly do?

The answer is far more serious than you might think. As well as bug fixes, updates often contain security patches that block newly discovered vulnerabilities.

In fact, many hackers rely on people not updating their software, because that leaves them with an easy way to access your system and steal your data or install something malicious.

Getting through these updates can be a pain – especially if you’re unable to use your device for a little while – but keeping up with them is a no-brainer if you value your digital privacy.

Fake emails and phishing attacks are growing ever more sophisticated. Many of us are bombarded by emails claiming to be from delivery companies, banks, and even family and friends, all of them encouraging us to click on a link to verify delivery, check our bank statements, or send money to help with a broken down car.

Don’t click links in emails if it’s a message you’re not expecting or from an address you don’t recognize

At the risk of repeating what has been said many times in the past, please don’t click on links in emails if it’s one you’re not expecting, or it comes from an address you don’t recognize.

These links will send you to fake sites that exist solely to harvest your personal data and login details and, if you’re still making the mistake of using shared passwords, you might have just compromised all of your accounts.

Mistake #4: not using a VPN on public Wi-Fi

Wi-Fi is everywhere, in every shop, pub, bus, train, and office, inviting you to connect and browse the internet. But how do you know that the open Wi-Fi hotspot you’re connecting to is what it claims to be?

Sure, some of them have a confirmation page that reassures you you’re connecting to the real thing, but it’s shockingly easy to make a fake webpage. There’s also the simple truth that if a Wi-Fi point is completely open then you have no idea who might be connected to it, who might be trying to peek at your browsing habits or your messages to see what information you’re sharing.

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 TechRadar.com SOURCE

Multifactor authentication (MFA) significantly enhances your business’s security, but it’s not invincible. Cybercriminals have found ways to exploit MFA’s weaknesses, and understanding these is essential for safeguarding your business. This article will guide you through common MFA hacks and provide preventive strategies.

How cybercriminals bypass MFA

Cybercriminals use a variety of techniques to compromise MFA systems.

MFA fatigue

MFA fatigue, also known as push bombing, occurs when cybercriminals flood users with numerous authentication requests, often through push notifications. Overwhelmed by the constant bombardment, users may accidentally or out of frustration approve one of the requests, unwittingly giving cybercriminals access. A notable example of this occurred in 2022 when cybercriminals targeted Uber’s external contractor, repeatedly sending MFA requests until access was granted.

Phishing

In a phishing attack, cybercriminals pose as legitimate entities such as banks or IT support, and send deceptive messages that prompt users to provide their MFA codes. These messages often contain a sense of urgency such as a warning of an account breach or a required security update to pressure users into acting without verifying the authenticity of the request. Once the cybercriminals have the MFA code, they can use it to bypass security systems and gain unauthorized access to accounts or sensitive data.

SIM swapping

Mobile devices are often used as a primary means of receiving MFA codes, making them a prime target for cybercriminals. In a SIM swapping attack, a cybercriminal convinces a mobile carrier to transfer a victim’s phone number to a new SIM card that they control. Once successful, the cybercriminal intercepts MFA codes sent via SMS, allowing unauthorized access to the victim’s accounts.

Strategies to prevent MFA attacks

To protect your organization from MFA hacks, follow these strategies:

Use risk-based authentication

Implement risk-based authentication that dynamically adjusts security requirements based on user behavior. For example, if a user logs in from an unusual location or unknown device, the system can automatically require additional verification. This adaptive approach helps prevent attacks by raising security standards when necessary.

Implement hardware-based MFA

Hardware security keys such as those that use Fast Identity Online (FIDO) protocols, provide stronger protection than software-based MFA. These physical devices generate unique authentication codes, making them much harder to intercept or duplicate. Consider using hardware-based MFA for highly sensitive applications to enhance your security posture.

Regularly review access rights

Grant users only the access they need. Regularly audit user permissions to ensure employees have access only to the data and systems necessary for their roles. This limits the potential damage a compromised account can cause, reducing the overall risk to your business.

Strengthen password reset processes

Password reset procedures can be a weak link in MFA systems. Make sure your reset processes require users to verify their identity through more than one channel. This additional layer of security can prevent cybercriminals from exploiting reset processes to gain unauthorized access.

Monitor high-value targets

Certain users, such as system administrators and legal or HR personnel, possess elevated privileges that make them attractive to attackers. Pay close attention to the MFA protections surrounding these accounts and implement the strictest security measures.

Stay ahead of emerging threats

Cybercriminals are constantly evolving their tactics. To ensure your systems remain resilient, keep a close eye on new attack methods and vulnerabilities, and proactively update your security measures to counter these threats.

Implementing these strategies can help you significantly bolster your company’s defenses against MFA attacks and safeguard valuable assets from unauthorized access.

Contact our team of experts to learn more about developing a comprehensive cybersecurity training program for 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

Ransomware casts a long shadow in today’s digital landscape, threatening businesses of all sizes with data paralysis, operational interruption, reputational damage and severe financial repercussions. The problem is particularly serious for mid-market organizations, with over half (57%) admitting they don’t regularly review and replace legacy systems, and a similar number (57%) failing to patch their systems regularly.

These security gaps create a wider attack surface and additional vulnerabilities that cybercriminals are eager to exploit. Thankfully, with a deeper understanding of ransomware and proactive cybersecurity measures, businesses can significantly bolster their defenses, and reduce the overall risk of data loss.

How does ransomware work?

Ransomware is a malicious software program designed to encrypt a victim’s critical data, essentially locking them out of their own files. Attackers will demand a ransom payment in exchange for the decryption key, creating a huge dilemma for businesses. Either pay the ransom, and risk emboldening cybercriminals, or lose access to essential data, halting operations, exposing customers to unnecessary risk and creating significant regulatory and financial headaches.

There are several methods that attackers may employ in an attempt to gain access to a victim’s network. Phishing, and the rise of spear-phishing, looks to target employees with emails containing suspicious attachments or links that, when clicked, can eventually download malware onto a device. It’s reported that 91% of all cyberattacks begin with a phishing email, and 32% of all successful breaches involve the use of phishing techniques. Exploiting known software vulnerabilities and abuse of trust attacks are additional methods employed by attackers to gain entry into business systems. In addition, ransomware operators will also look to identify your backup solutions and will either delete or encrypt these to ensure businesses cannot quickly recover and therefore avoid payment of the ransom.

The evolving threat landscape: New tactics and targets

The cybersecurity threat landscape is constantly evolving. In 2024, both businesses and individuals must be aware of novel and emerging threats, including the risks posed by new ransomware groups. Attracted by the lucrative nature of ransomware, these groups seek innovative ways to gain access to the systems that are crucial in maintaining day-to-day business operations . 

This lucrative nature can be exemplified by recent data which shows payments from ransomware victims exceeded $1bn last year – a record high. And that’s just for the cryptocurrency wallets forensics analysts were able to track. While authorities work together to take down the most prolific groups (such as the recent takedown of LockBit), these victories are often temporary, with new operators quickly filling the void.

Furthermore, attackers are shifting tactics. While data encryption remains a common method, some ransomware variants now steal data and threaten to expose it on the dark web, creating a double extortion threat. Malicious QR codes, a new variant called “Quishing,” are emerging as another potential entry point. Due to shifting tactics, user vigilance is paramount.

The focus is also shifting towards smaller businesses. BlackCat and Lockbit are two ransomware groups specifically targeting SMBs, particularly in growing economies. SMBs often lack the dedicated resources for robust cybersecurity, making them more vulnerable.

Building a fortified defense: Strategies for businesses of all sizes

While there’s no foolproof way to prevent ransomware attacks entirely, businesses can take proactive steps to significantly reduce their risk and limit the impact if an attack occurs. Cloud security solutions can be a powerful ally in this fight.

Building a strong defense against ransomware requires a layered approach. The cornerstone of this defense is a robust backup strategy. Regularly backing up critical data to a secure, offsite location, ideally managed by security professionals in the cloud, provides a safety net in case of an attack. Cloud backups are geographically separate from on-premise infrastructure, offering an extra layer of protection against ransomware targeting local systems. However, backups are only useful if they function correctly. Regular testing and training your team on the restoration process ensures a swift recovery if a ransomware attack disrupts your operations.

Beyond backups, minimizing your attack surface is crucial. This involves security hygiene practices that reduce potential entry points for attackers. Educating employees through regular security awareness training equips them to identify phishing attempts, a common tactic used to deploy ransomware. IBM’s ‘Cost of a Data Breach’ report, suggests that employee training is a particularly effective mitigator against data breaches saving organizations at least $232,867 per attack.

Regularly reviewing and tightening access controls for applications, networks, systems, and data helps minimize potential damage. The principle of least privilege should be followed, granting users only the access they need for their job functions. Taking advantage of built-in security features on devices and operating systems, such as firewalls, malware detection, and automatic updates, further strengthens your defenses. Reputable cybersecurity resources can provide easily digestible, jargon free guidance on establishing best practices for different systems. By implementing these measures, businesses can significantly reduce their vulnerability to ransomware attacks.

Cloud’s role in the fight against ransomware

Cloud security services provide additional layers of defense against ransomware. These services can continuously monitor your network activity for suspicious behavior, acting as a vigilant guard that utilizes the power of cloud infrastructure to identify and block potential threats before they can cause damage. Furthermore, cloud providers typically encrypt your data both at rest and in transit, adding an extra shield against unauthorized access. Disaster recovery services offered by cloud providers can also ensure business continuity by minimizing downtime in the event of an attack. Finally, segmenting your network using zero trust principles acts as a series of walls within your digital castle, containing a ransomware attack to the specific compromised segment and preventing it from spreading throughout your entire network.

By understanding how these attacks work and adopting a proactive approach, you can significantly bolster your defences. Regular backups, preferably stored securely in the cloud, are the cornerstone of any ransomware defence strategy. Cloud solutions offer additional benefits like continuous monitoring, data encryption, and disaster recovery capabilities.

However, defense goes beyond technology. Implementing security hygiene practices like employee training and strong access controls significantly reduces your attack surface. Leveraging built-in security features and multi-factor authentication further strengthens your posture. Remember, ransomware is constantly evolving, so staying informed about the latest threats and updating your defenses regularly is crucial. By taking these simple steps, you can transform your business from a vulnerable target and be prepared for and mitigate against ransomware attacks.

Get in touch with one of our experts today and ensure that your business stands resilient in the face of cyberthreats.

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 TechRadar.com SOURCE

Maintaining your privacy and security online can be a daunting task, especially when considering the vast amount of personal data we share on the internet. Private browsers use various techniques to protect your information from being tracked, collected, or shared. This makes them another viable option to protect your online anonymity and security.

What is private browsing?

Private browsing is a feature available on most modern web browsers that allows you to browse the internet without saving your browsing history, cookies, or any other data on that specific browsing session. It essentially creates a temporary “clean slate” for your online activities and prevents any information from being stored on your device. This means if someone accesses your device or network, they won’t be able to see the websites you visited or any other information related to your browsing session.

Benefits of private browsing

Enabling private browsing mode offers several advantages for protecting your online privacy and security, which include:

  • Reduced data tracking: Private browsing deletes cookies, search history, and other data that websites use to track your online behavior. This means you can browse the internet and erase your digital footprint during that session, making it difficult for companies or third parties to gather information about you.
  • Fewer targeted ads: Many websites use cookies to track your browsing habits and show you targeted advertisements. Private browsing prevents this by keeping your online activities anonymous, which can also help reduce the number of targeted and sometimes intrusive ads you see.
  • Better testing environments: Cookies and cached data can sometimes interfere with testing websites or applications. Using private browsing mode ensures that you are viewing the website or application in its most current form, without any previous data affecting your experience.
  • Prevention of autofill issues: Private browsing can prevent autofill features from storing sensitive information such as login credentials and payment details, reducing the risk of accidental exposure.

Limitations of private browsing

While private browsing offers users a host of benefits, it’s important to note that it has limitations that prevent it from being the ultimate solution for online privacy. These limitations include:

  • Doesn’t hide your IP address: Private browsers don’t mask your IP address, which can still be used to track your online activities and location. More often than not, your internet service provider can still see the websites you visit and other information related to your online behavior. If you truly want to hide your IP address, you will need to use a virtual private network.
  • Provides the illusion of complete privacy: Contrary to its name, private browsing does not make you entirely invisible online. Your internet activity can still be monitored by your employer or government agencies if they have the necessary tools and access. In fact, this false sense of complete privacy can make users more careless with their online activities, potentially putting them at risk.
  • Limited protection against malware and network vulnerabilities: Private browsing does not offer robust protection against malware or network vulnerabilities. This means that even if you’re using private browsing, malicious websites or networks can still compromise your online privacy and security.

Should you use private browsers?

Private browsing can be a useful tool for safeguarding your online privacy and security. However, it’s important to understand that private browsing is just one aspect of maintaining your online anonymity. Other measures such as using a VPN, deploying strong firewalls, and regularly updating your devices and software are also critical for protecting your online privacy.

If you need an expert to keep your data secure, we can help. Our team offers comprehensive cybersecurity solutions that can help you stay safe online. Get in touch with us today to learn more.

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

The evolving cyberthreat landscape poses a significant risk to small businesses. Cybercriminals often target such businesses due to the valuable data they possess and possibly less advanced security measures. To protect themselves, small businesses often implement safeguards including firewalls, data backups, and ongoing cybersecurity training for employees. However, these solutions alone may not be sufficient to mitigate all cyber risks. Cyber insurance can help you recover financially in the event of a cyberattack.

What is cyber insurance?

Cyber insurance, also known as cyber liability insurance, is a form of insurance that specializes in damages a business incurs due to cyberattacks or data breaches. It can cover losses because of the cyberattack and costs pertaining to the recovery process. By integrating cyber insurance into their cybersecurity strategy, businesses can significantly reduce their overall cyber risk profile.

How cyber insurance benefits your business

There are many advantages to implementing cyber insurance, such as:

Financial loss coverage
Cyber insurance provides valuable financial protection that covers various forms of financial loss, such as legal expenses from customer and employee lawsuits following a data breach, regulatory fines, and loss of income due to downtime. However, you should always check what forms of loss your cyber insurance provider actually covers and to what extent.

Ransomware payment assistance
Consider the unsettling scenario where a cybercriminal uses ransomware to obtain critical data such as your employees’ Social Security numbers or your clients’ credit card details. Recognizing the potentially devastating impact this could have on your business, you’re prepared to spend whatever is necessary to avert such a disaster. However, the amount demanded in the ransom can be steep, and meeting it could have consequences further down the line, such as being unable to purchase assets necessary for growth. Luckily, cyber insurance can assist in covering the costs of such demands.

Notification costs support
In situations where customer information does get stolen, your business has a legal obligation to inform your customers. You may also need to inform your suppliers, business partners, and stakeholders. Depending on the number of notifications and the geographic range of your business (local, regional, national, or international) this can incur significant costs. Fortunately, cyber insurance can potentially help cover the costs of your notifications.

Data recovery services
Should your business find itself the victim of a data breach that has corrupted or destroyed your data, it becomes essential to restore what has been lost. Depending on your coverage plan, your cyber insurance provider might cover the cost of data recovery services. Without the specialized tools and expertise these services provide, recovering your data can take years.

How to get cyber insurance

There is more to getting cyber insurance than simply signing on to a coverage plan. In particular, you must meet an insurance provider’s qualifications. Generally, providers look at two things when considering a client: the strength of their cybersecurity and their adherence to compliance regulations.

The more secure and compliant your business’s IT (especially for highly regulated industries such as finance or healthcare), the more likely a cyber insurance provider will accept you as a client. If it appears that your company takes a lax approach to cybersecurity or fails to comply with regulations, then the provider may reject your application.

How to make cyber insurance affordable

If you are worried about the costs of cyber insurance, there are ways to make you more eligible for a reduced rate.Take proactive security measures such as company-wide employee training, regular assessments of your security posture, and scheduled data backups with recovery plans.Implement and submit incident response reports to prove how well your cybersecurity responds to emergencies.Research the cybersecurity preparedness of any third parties your business regularly interacts with (such as business partners or vendors). Showcasing the strength of their cybersecurity also reflects well on you.

These steps and others make your company appear as less of a risk to insurance providers.

Learn more about cyber insurance and other methods to secure your systems and data by speaking to one of our experts.

We can help you find the best solutions for your business by talking to GCInfotech about a free technology assessment

Published with consideration from TechAdvisory.org SOURCE

Phishing might sound complicated, but the basic concept is simple: deception. Criminals try to trick you into revealing personal information or clicking on dangerous links. This blog will equip you with the knowledge to recognize phishing attempts and leverage Microsoft 365 Defender’s advanced protection to stay safe online.

The rising tide of phishing attacks

Phishing attacks have evolved far beyond questionable emails from foreign princes. Today, they are meticulously crafted to mimic legitimate communications from trusted entities, making them all the more dangerous. For small businesses, especially, the stakes are incredibly high. With limited resources and often less stringent cybersecurity measures, they are particularly vulnerable targets. The consequences of falling prey to these attacks can be devastating, ranging from financial ruin to irreversible reputational damage.

Unveiling the shield: Microsoft 365 Defender

Recognizing the critical need for advanced protection, Microsoft has engineered the 365 Defender suite, a comprehensive security solution tailored to thwart the attempts of even the most devious cybercriminals. Here’s how its key features stand guard at the gates of your digital domain:

Anti-malware

At the frontline of defense, Microsoft 365 Defender’s anti-malware layer scrutinizes incoming emails for malicious content. Leveraging state-of-the-art algorithms and vast threat intelligence databases, it ensures that harmful attachments and links are neutralized before they can inflict damage.

Anti-spam

An unsung hero in the battle against phishing, the anti-spam component efficiently filters out unsolicited emails, significantly reducing the clutter in inboxes and minimizing the odds of employees encountering deceitful messages.

Sandbox

Some threats are too sophisticated for conventional detection methods, and that’s why Microsoft 365 Defender employs a sandboxing technique. Suspicious attachments are isolated and executed in a secure, virtual environment, away from critical systems, to assess their behavior without risk.

Safe Links

In a clever twist on real-time protection, Safe Links technology scrutinizes URLs at the moment of click, steering users away from harmful sites. This proactive approach is invaluable in defending against the increasingly common tactic of using short-lived, malicious websites in phishing campaigns.

Fortifying your business’s cyber defenses

The menace of phishing cannot be underestimated, nor can it be ignored. Microsoft 365 Defender emerges not just as a shield but as a vital ally for small businesses determined to safeguard their digital frontiers. By integrating this robust suite into your cybersecurity strategy, you can significantly mitigate the risk of phishing attacks and focus on what matters most: growing your business.

Get in touch with one of our experts today and ensure that your business stands resilient in the face of cyberthreats.

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

It’s no secret that cybersecurity has become a necessity for small businesses. As the threat landscape continues to evolve, grasping the fundamentals of cybersecurity is not only crucial for safeguarding your operations, but also for keeping your business from becoming a gateway to more widespread attacks. Knowledge is the key, and with the right cybersecurity training, you can arm yourself with the necessary tools to protect your business from cyberthreats.

In this comprehensive guide, we will walk through the most critical cybersecurity training topics small-business owners like you need to master. These training areas are not only crucial for protecting your digital footprint but also for meeting compliance standards that may be required in your industry. Let’s dive in and learn how you can protect your business from digital threats.

Passwords: The first line of defense

Passwords are often the first line of defense against cyberattacks. However, many small-business owners underestimate the importance of creating robust passwords for their accounts. It is crucial to educate yourself and your employees about password best practices, such as:

Creating strong and unique passwords
Passwords should be complex, using a combination of upper- and lowercase letters, numbers, and special characters. Avoid using easy-to-guess information, such as birthdays or pet names.

You need a mix of techniques to form a password that is virtually impossible to crack. One such method is creating an acronym for a memorable phrase and substituting numbers or special characters for letters.

Implementing password management tools
With so many online accounts and passwords to remember, it’s easy to fall into the trap of reusing the same password. To prevent this, consider using a password management tool that securely stores all your passwords in one place. These tools generate strong and unique passwords for you and can even automatically log you in to your accounts without you having to type out the password.

Email: A common entry point for cyberattacks

Emails are the heart of business communications, which is why they are also a prime target for cybercriminals. Here are some essential training topics to secure your business’s email communications.

Spotting phishing emails
Phishing emails are fraudulent emails designed to trick you into revealing sensitive information, such as passwords or credit card numbers. They can be challenging to recognize, as they often appear to come from a legitimate source. Train your team to identify common signs of phishing, such as suspicious sender addresses and requests for sensitive information.

You can also conduct simulated phishing training, where you send fake phishing emails to your team to see how they respond. This can be a powerful way to highlight areas for improvement without the risks of an actual attack.

Creating email policies
Establishing email policies is crucial for ensuring secure and professional communication within your company. These policies should cover topics such as proper password protection, encryption of sensitive information, and guidelines for handling suspicious emails.

Social media: A gold mine for identity thieves

Social media is a treasure trove for hackers. It provides them with personal information that can be used for identity theft or targeted attacks. Understanding how to manage your social media accounts and the risks involved is essential for keeping your business safe.

Limiting personal information on public profiles
Encourage your employees to limit the personal information they share on their social media profiles. This includes details such as birthdates, home addresses, and phone numbers. Hackers can use this information to impersonate employees or even steal their identities.
As for your business’s social media accounts, avoid posting sensitive information such as financial details or employee personal information.

Monitoring social media for suspicious activity
Train your employees to keep an eye out for suspicious activity on social media. This could include fake accounts impersonating the company or employees, unusual posts or comments, or links to malicious websites. Reporting these incidents immediately can prevent potential cyberattacks.

Protecting company data: A core business responsibility

Protecting your company’s data is not only essential for cybersecurity but also for maintaining the trust of your clients. Here are some training topics that will help you establish secure data protection practices within your organization.

Data backup and recovery
Regularly backing up important data is crucial in case of a cyberattack or system failure. Ensure your employees understand the importance of backing up their work and how to do it properly. Additionally, having a recovery plan in place can minimize downtime and losses in case of an attack.

Secure file sharing and storage
With remote and hybrid work becoming the norm, secure file sharing and storage practices are more critical than ever. Train your employees on how to use cloud-based services or virtual private networks (VPNs) for secure access to company files. Ensure they understand the risks of using personal devices or unsecured networks.

Physical security
Don’t overlook physical security when it comes to protecting your company’s data. Educate employees on the importance of securing laptops, phones, and other devices that contain sensitive information. Also, establish protocols for securely disposing of old devices to prevent any data breaches.

Encourage a culture of security awareness within your company, stay informed on the latest cybersecurity developments, and always be ready to adapt to new threats. By investing in cybersecurity training, you are not only protecting your business but also contributing to a safer online environment for all.

Contact our team of experts to learn more about developing a comprehensive cybersecurity training program for 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

The digital landscape is riddled with threats: malware attacks, phishing scams, and data breaches are just a few. But by taking a proactive approach to cybersecurity, you can significantly reduce your risk and keep your business safe. Here’s a guide to fortifying your online defenses.

Create strong, unique passwords

Passwords are your first line of defense against unauthorized access to your accounts and sensitive information. This is why you should avoid using easily guessable passwords such as “123456” or “password.” Instead, create strong passphrases. A passphrase is a string of four or more random words. This extra length and randomness make them much harder for cybercriminals to crack but still easier for you to remember than a jumbled mess of characters.

For maximum security, use a different passphrase for each of your accounts. This way, if one account gets compromised, your other accounts are still safe.

Tip: Remembering multiple complex passphrases can be a challenge. Consider using a password manager, which stores all your passphrases in one place. This makes your passphrases easily accessible while keeping them safe from prying eyes.

Implement multifactor authentication (MFA)

MFA adds an extra layer of security to your online accounts by requiring additional verification beyond just a password, such as a one-time code sent to your phone or a fingerprint scan. By enabling MFA, even if someone obtains your password, they won’t be able to access your account without fulfilling the additional verification requirements.

Tip: Whenever possible, enable MFA on your important accounts, including email, banking, and cloud services.

Keep software and systems updated

Cybercriminals often exploit weaknesses in outdated software to gain unauthorized access to systems. To stay protected, regularly update your software, operating systems, and applications because these updates often include essential security patches that fix those vulnerabilities.

Tip: Set up automatic updates on all your devices so you don’t have to remember to update manually, and your devices stay continuously protected without any extra effort from you.

Use secure Wi-Fi networks

When accessing the internet, it’s important to use secure Wi-Fi networks. Public Wi-Fi in airports or coffee shops can be targeted by cybercriminals. Instead, use encrypted Wi-Fi connections, which require a password and scramble your data, making it unintelligible even if intercepted.

For an extra layer of security, consider using a virtual private network (VPN). A VPN encrypts all your internet traffic, creating a secure tunnel between your device and the internet, regardless of the Wi-Fi network you’re on.

Tip: Configure your devices to automatically connect only to trusted Wi-Fi networks that you know and use. Additionally, disable the option to connect to open networks to avoid accidental connections to unsecured Wi-Fi.

Conduct security awareness training for employees

Employees are often the weakest link in an organization’s cyber defense, as they may inadvertently fall victim to phishing scams or unknowingly compromise sensitive information. However, regular training sessions can empower your employees to recognize and respond to cyberthreats effectively.

Tip: Simulate phishing attacks to test your employees’ preparedness and reinforce training.

By following these simple yet effective tips, you can significantly enhance the online security posture of your business and minimize the risk of falling victim to cyberthreats. Remember, investing in online security is not just about protecting your data — it’s also about safeguarding the reputation and integrity of your business in an increasingly digital world.

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