Tag Archive for: cybersecurity

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How can businesses best mitigate against ransomware threats?

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

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Should you use private browsers to protect your online privacy?

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

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Understanding the role of cyber insurance

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

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Combat phishing with Microsoft 365 Defender

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

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Most essential cybersecurity training topics to safeguard your business

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

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Key tips for boosting online security

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

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SMBs are being hit with more malware attacks than ever, and many can’t keep up

Between infostealers, ransomware, and BEC attacks, SMBs are having a hard time remaining secure

Information-stealing malware, ransomware, and business email compromise (BEC), remain the three biggest cyber-threats small and medium-sized businesses (SMB) are facing, a new report from Sophos has warned.

The company claims almost half of all malware detected on SMB endpoints last year were either keyloggers, spyware, or infostealers – all malicious programs used to steal sensitive data and login credentials. 

For the researchers, this makes sense as the abuse of legitimate accounts is more difficult to spot, while opening the doors to many more criminal opportunities.

Ransomware and BEC

“The value of ‘data,’ as currency has increased exponentially among cybercriminals, and this is particularly true for SMBs, which tend to use one service or software application, per function, for their entire operation,” says Christpher Budd, director of Sophos X-Ops.

“For example, let’s say attackers deploy an infostealer on their target’s network to steal credentials and then get hold of the password for the company’s accounting software. Attackers could then gain access to the targeted company’s financials and have the ability to funnel funds into their own accounts.” 

Infostealers may be the most wide-spread threats, but ransomware remains the biggest. Fortunately for SMBs, the number of ransomware attacks “stabilized”, Sophos said, suggesting that growth slowed down. At the same time, ransomware attacks continue to evolve. Between 2022 and 2023, the number of remote encryption attacks rose by almost two-thirds (62%). Remote encryption happens when threat actors use an unmanaged device belonging to the victim organization, to encrypt files on other systems.

BEC attacks are the second-highest type of attack, right after ransomware, Sophos concluded. The attackers engaged in BEC are growing increasingly sophisticated, and often engage in a series of conversational emails with their victims, and sometimes even phone calls, before deciding to strike.

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 SOURCE

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Online employee monitoring: Should businesses implement it?

Employee monitoring has become a widely debated topic today. With advancements in technology and the increasing reliance on digital communication and work platforms, many employers are choosing to monitor their employees’ activities. This practice has many benefits, but it’s not without drawbacks. Here, we’ll discuss the pros and cons of online employee monitoring to help you decide if it’s right for your business.

Defining online employee monitoring

Online employee monitoring refers to the practice of tracking and analyzing employees’ digital activities in the workplace. This is often performed using specialized employee monitoring software that is installed on employee devices. The software can track various aspects of employee behavior, such as internet usage, email communication, screen activity, and even keystrokes. By leveraging monitoring tools, employers gain insights into how employees interact with digital resources, enabling them to identify patterns, assess productivity levels, and mitigate security risks.

Benefits of online employee monitoring

The adoption of online employee monitoring offers several tangible benefits for organizations:

  • Enhanced productivity – By gaining visibility into employee workflows and identifying bottlenecks, businesses can optimize processes and improve overall productivity. For example, if employees are spending too much time on non-work-related websites, monitoring can help address the issue and boost efficiency. At the same time, simply knowing that their activities are being monitored can motivate employees to stay on task.
  • Data security – Monitoring digital activities allows employers to detect unsafe online behavior and warn employees who violate security protocols before they fall victim to a cyberthreat. For instance, if an employee often visits malicious websites or downloads unsanctioned applications, employers and system administrators can put a stop to these actions to minimize the risk of a data breach.
  • Compliance management – Employee monitoring can aid in compliance management by ensuring that employees follow industry regulations and internal policies. This is especially important when it comes to industry-specific data policies where employees must handle sensitive information with utmost confidentiality and only share data with authorized parties.

Potential drawbacks of online employee monitoring

While online employee monitoring offers various advantages, it also comes with several drawbacks:

  • Privacy concerns – Monitoring employees’ digital activities can raise significant privacy concerns, potentially eroding trust and morale within the workforce. This is particularly problematic if employees are not aware that their actions are being tracked or if monitoring extends to personal devices.
  • Ethical issues – The use of employee monitoring software raises ethical questions about the balance between employer rights and employee privacy. Employers must consider implementing clear policies on how and when monitoring takes place to avoid violating employee trust.
  • Employee resistance – Excessive monitoring may lead to employee resentment and resistance, undermining morale and negatively impacting retention rates. What’s more, anxiety levels toward performance may increase if employees feel that their every move is under scrutiny.
  • Inaccurate assessments – Monitoring alone does not provide a complete picture of an employee’s performance. Some activities, such as brainstorming or working collaboratively with colleagues, may not show up in monitoring data and could lead to inaccurate productivity assessments.

Finding the right balance

To effectively leverage online employee monitoring while mitigating its potential drawbacks, companies must strive to find the right balance. Here are some strategies to achieve this:

  • Transparency and communication – Foster open communication with employees regarding monitoring practices, clarifying the objectives, scope, and implications of monitoring activities.
  • Purposeful monitoring – Focus monitoring efforts on specific areas or activities relevant to business objectives, avoiding unnecessary intrusion into personal or non-work-related communications.
  • Privacy protections – Implement safeguards to protect employee privacy, such as anonymization of data, access controls, and clear policies governing data usage and retention.
  • Employee involvement – Get feedback from employees about the monitoring practices and be open to making changes based on their input. Once you’ve found the right balance, ensure that policies and practices remain consistent, fair, and respectful of each employee’s rights.
  • Regular evaluations – Assess the effectiveness and impact of monitoring on both employees and the organization regularly. If employees report that monitoring is deeply affecting their well-being, privacy, and productivity, you may have to consider adjusting your monitoring policies or even abandoning them altogether.

Keeping your workers safe and productive is a challenge, and online employee monitoring is just one tool in the toolbox. If you need more ideas on how to optimize productivity and address cybersecurity risks, call 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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Email attacks on business tripled in 2023 — and ChatGPT was often the culprit

Email attacks against businesses have increased dramatically as hackers continually use generative AI tools to optimize their content and streamline malicious campaigns, new research has claimed. 

A new report from Acronis based on data collected from more than a million unique endpoints across 15 countries, found AI-powered phishing affected more than 90% of organizations last year, and that AI helped email attacks grow by 222% between the second half of 2023, and today.

“There’s a disturbing trend being recognised globally where bad actors continue to leverage ChatGPT and similar generative AI systems to increase cyberattack efficiency, create malicious code, and automate attacks,” said Candid Wüest, Acronis VP of Product Management. “Now, more than ever, corporations need to prioritize comprehensive cyber protection solutions to ensure business continuity.”

Leveraging Chat-GPT

Email attacks, mostly phishing, remain the primary vectors of infection, the report further states, with organizations experiencing a notable 54% increase in the number of attacks, per firm. Most of the attacks happened in Singapore, Spain, and Brazil, and Acronis identified a third of emails (33.4%) as spam. An additional 1.5% contained malware, or phishing links, it said.

Phishing is the primary infection vector for a number of reasons: email is omnipresent, it’s simple to use, and it’s cheap. It’s also easy to automate. Finally, victims overwhelmingly trust their email service providers to keep them safe from threats, often clicking on links and downloading attachments without second-guessing their good nature. 

In the pre-ChatGPT era, the easiest way to spot a phishing attack was to just use common sense and read the email message. Hackers are rarely English majors (many don’t live in English-speaking countries), and their messages were full of spelling and grammar mistakes, as well as clumsy wording and different inconsistencies. However, since the introduction of generative AI tools, email messages have become significantly more convincing. 

“The Acronis Cyberthreats Report H2 2023 highlights the continued threats faced by businesses of all sizes worldwide,” said Michael Suby, Research VP, IDC. “Unfortunately, bad actors continue to profit from these activities and are leveraging AI-enhanced techniques to create more convincing phishing schemes, guaranteeing that this problem will continue to plague businesses.”

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 SOURCE

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Modernizing print security for today’s working world

Security is a top priority for many businesses, but the speed at which the cybersecurity landscape is evolving and the increasing sophistication of cyberattacks means a detailed understanding of where some of the biggest risks are coming from is limited amongst many CISOs and IT managers.

By 2025, the cost of cybercrime for businesses is predicted to reach $10.5 trillion, up from $8 trillion in 2023. Despite this trend, many businesses are overlooking and neglecting high-risk areas such as print security, inadvertently leaving them subject to attacks.

In fact, according to research from Quocirca, printed documents represent nearly one third (27%) of IT security incidents, yet print security is low on the agenda when compared to other elements of the technology stack like cloud, email, and public networks.

Despite this fact, 61% of organizations have experienced data losses due to unsecure printing practices over the past year. At a time where cyberattacks are on the rise, and will become increasingly common, it is critical that businesses do not overlook the importance of securing the print environment as a crucial building block for a robust security infrastructure.

The impact of hybrid working

To address the evolving security challenges posed by people working both in the office and remotely, businesses need to implement additional measures to safeguard their networks and the sensitive information that travels on them.

When everyone worked in the office full-time, organizations heavily relied on traditional security measures to protect their documents, including office security, traditional password encryption, network security and firewalls. In fact, recent research from Quocirca found that 39% of organizations are finding it harder and harder to keep up with print security demands as the workplace has evolved into the hybrid spaces they are today.2

The combination of remote and office working has increased the use of personal and mobile devices, which are not protected by the organization’s robust security infrastructure. This leaves private end-user devices susceptible to breaches when working away from the office. As a result, security leaders are forced to reassess their cybersecurity strategies to specifically address document protection in this new landscape.

This is highlighted in a recent report from IDC, which shows that 43% of respondents cite security vulnerabilities and the ability to ensure that at-home print devices are compliant with corporate governance and security policies as a top challenge. With employees printing documents from their own homes and personal devices, the risks of potential data breaches and unauthorized access have significantly increased.

This paradigm shift in work dynamics calls for a more robust approach to print security. Organisations must adapt to the reality that sensitive documents may be accessed and printed on various remote devices that do not have the same level of protection as the wider business network. Consequently, security leaders are now tasked with reimagining their strategies, implementing measures to secure documents at every stage of their lifecycle, whether printed or electronic, and regardless of the device used or where it is located.

Robust security measures are the key for hybrid workplace safety

It’s imperative for organizations that don’t currently have robust measures in place to safeguard their documents sooner rather than later. Third-party providers can play a significant role in enhancing secure practices around remote printing devices. While many organizations already invest in third party services, only 32% are satisfied with their security offerings. As such, it is crucial for organizations to work with vendors that prioritize security from the ground up, ensuring it is implemented at every stage of the printing process.

Businesses should aim for services that offer a comprehensive, 360-degree approach to security, covering devices, software, networks, and cloud-based services. Many lean on third-party vendors that specialize in secure information management, to help ensure that sensitive documents are protected throughout their lifecycle, from storage and transmission to printing and disposal.

Leveraging external expertise can help strengthen organizational print security measures, promote a holistic approach to print security, and ensure a culture of secure practices is in place. In doing so, businesses can mitigate cyber-attacks by safeguarding the confidentiality and integrity of their printed materials, particularly when using remote end-devices.

Prioritizing print security for your business

It goes without saying that the safe moving and sharing of documents must be a crucial part of workplace security. Implementing robust measures to safeguard sensitive documents is essential to mitigate potential risks and vulnerabilities. This includes adopting a comprehensive approach that covers devices, software, networks, and cloud-based services.

By recognizing the importance of securing the print environment and implementing a proactive strategy, businesses can adopt a holistic 360-degree approach to print security and mitigate the risks of cyber-attacks from the ground up.

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Published with consideration from TechRadar SOURCE

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