Tag Archive for: encryption

Now, more than ever, it is crucial to prioritize investments in advanced threat intelligence, monitoring systems, and ongoing employee training.

In 2023, there has been a concerning surge in data breaches. During the second quarter of 2023, over 110 million accounts were compromised, a staggering 2,6 times more than in the first quarter of the year. Recent findings reveal that the average cost of a data leak has reached $4.45 million, including both direct costs, such as fines and legal proceedings, as well as indirect like reputational damage.

The good news is that the causes of such breaches are often trivial and are under your control, like neglecting to change passwords or using overly simplistic ones, or overlooking the deactivation of access by a fired employee. Businesses can readily mitigate risks to safeguard themselves from both data and the subsequent financial losses. So, what are the most common reasons for data leaks, and how can they be effectively handled?

Cloud misconfigurations

According to IBM, 82% of breaches involve information stored in the cloud. Cloud misconfigurations can lead to data exposure or even compromise entire environments. They take various forms, including improperly configured storage buckets, insecure access controls, and mismanaged encryption settings. These errors often stem from a lack of understanding of the cloud service provider’s security features or oversight during the configuration process. Attackers exploit these vulnerabilities to gain unauthorized access to sensitive information.

Solution:

– Adhere to recommendations from your cloud service provider, such as AWS, Microsoft Azure or Google Cloud. This includes configuring security groups, setting up proper identity and access management, and implementing encryption for data both in transit and at rest.

– Implement automated tools for configuring and enforcing security policies. For example, in Kubernetes clusters you may use Gatekeeper or Kyverno. They can significantly reduce the risk of human error.

– Additionally, look for software solutions and scripts to regularly check your cloud configuration against best practices and compliance standards.

Lack of permissions control

The human element remains a significant factor in 74% of data breaches, and the common reason is the lack of proper permissions control. It means that users may have access to data and systems beyond what is necessary for their roles.

The primary issues associated with this challenge include overprivileged accounts, with users having more permissions than necessary, thereby expanding the attack surface. Additionally, there is a concern about proper segregation of duties. For example, a single user may have the right to both create and approve transactions. This leads to an increased risk of fraudulent activities. Outdated settings also contribute to the problem. Imagine a fired support employee still having access to the company’s database. They could potentially download and sell sensitive data to competitors.

Solution:

– Implement least privilege concept to ensure that users and applications have only the minimum level of access required to perform their tasks.

– Utilize role-based access control to assign permissions based on job roles. This way your team members will only see resources and data necessary for their specific responsibilities.

– Implement multi factor authentication by requiring users to provide multiple forms of identification before gaining access. Even if login credentials are compromised, MFA adds an additional security barrier.

Infrequent software updates

Outdated software often contains known vulnerabilities. When businesses fail to regularly update, they leave a window of opportunity for cybercriminals. An illustrative case is Memcached, a widely utilized distributed memory-caching system for enhancing the performance of dynamic, database-driven websites. Vulnerabilities in this software were uncovered in 2016, however, it wasn’t until 2018 when a novel method for DDoS attack amplification using Memcached was exploited in notable network incidents.

Solution:

– Update at least once in half a year. Ideally, implement a patch management policy that outlines procedures for identifying, testing, and deploying software updates in a timely and systematic manner.

– Utilize automated tools to streamline the process. Automation helps to guarantee that patches are deployed consistently across all systems.

Insufficient perimeter control

This risk refers to a situation when an organization’s network boundaries are not adequately secured, allowing for potential unauthorized access to critical information or systems. The network perimeter serves as the first line of defense against external threats. Today, it extends to cloud services, remote users and mobile devices. The attack surface has expanded even further with the proliferation of the Internet of Things. From smart thermostats to industrial sensors, these gadgets often become attractive targets for hackers. Recently, it was reported that the number of IoT devices involved in botnet-driven DDoS attacks had risen from around 200,000 a year ago to approximately 1 million.

Solution:

– Deploy firewalls (such as Web Application Firewall) at network entry points to control and monitor incoming and outgoing traffic. Configuring them correctly allows only authorized and necessary communication.

– Implement Intrusion Detection and Prevention Systems (IDPS) to detect unusual or suspicious activities within the network. They can automatically respond to potential threats, mitigating risks in real-time.

– Add encryption for data transmitted over networks, including local networks, for an extra layer of protection. This way, intercepted data remains unreadable without the proper decryption keys.

Other emerging threats

Among other emerging threats is the rapid advancement of artificial intelligence. Cybercriminals use it to assess attack strategies, significantly increasing their chances of success. It is also used to amplify the speed, scale, and reach of their attacks. For example, hackers now use cutting-edge AI to create convincing phishing campaigns in nearly any language, even those with fewer historical attack attempts due to their complexity.

While there are also other cyber threats, in reality, businesses rarely face them as they are typically targeted at large corporations, government systems and critical infrastructure with top grade security. These include advanced persistent threats (APTs) orchestrated by well-funded and persistent criminals and characterized by their long-term presence within a target network. Usually, these are state-sponsored cyberattacks driven by political, economic, or espionage motives.

Safeguarding your business: universal tips

Apart from all the measures already listed, there are a few general rules to keep your business protected. First of all, conduct regular security audits and assessments, whether they concern cloud infrastructure, the status of software updates, user permissions or the overall effectiveness of perimeter control. External audits or penetration testing can also help in evaluating the organization’s security posture.

Second, invest in advanced intelligence and monitoring solutions. They can detect threats and respond in real-time. Such systems can use machine learning, behavioral analytics, and pattern recognition to establish a baseline of normal network behavior and detect deviations. Upon identifying a potential threat, the system will automatically trigger response mechanisms: block suspicious traffic, isolate compromised devices, or alert security personnel for further investigation.

Third, regularly train your employees to recognize and counteract threats, especially phishing. The latter remains one of the most common methods used by cybercriminals to gain access to sensitive data.

The effective employee training comprises two key elements, which I refer to as the “stick” and the “carrot.”

The “stick” involves educating all team members on the company’s security policies and legislative initiatives, such as GDPR. It emphasizes the collective responsibility in safeguarding confidential data, which extends beyond the information security department’s duty. Training sessions should explain the consequences of breaches, including potential fines and even dismissals. It is important to conduct these events at least once in two years, if not more often. Moreover, businesses should incorporate them into the onboarding process for new employees.

The “carrot” aspect involves workshops, meetups, and webinars focused on various cyberattacks and the latest advancements in information security. This facet of training is designed to be more engaging and enjoyable. It may include some interactive activities, such as online games and simulations. Guest speakers can take part in these events, for example, employees from the IT department, representatives from other divisions sharing insightful cases, and external market experts.

Through the combined “stick” and “carrot” measures, team members cultivate a collective immunity to information security issues, fostering a culture of mutual accountability.

And, of course, always keep abreast of the latest cyber trends to develop countermeasures in time.

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

Some of the most well-known companies in the world, including Sony Pictures, Home Depot, Adobe, and eBay, have been victims of cyberattacks. While major corporations like these are high-profile targets for hackers, small- and medium-sized businesses are not exempt from data breaches. And because it may be difficult or impossible to undo any damage caused by cybercriminals, it’s imperative for any business — regardless of their size — to take steps to fortify their systems. The following security tips can help guard company data.

Use two-factor authentication

Using a complicated password to secure your system is not an effective way to level up your cybersecurity. That’s because having to memorize a difficult password often pushes users to set that same complex password for multiple accounts. And if a hacker gets a hold of a recycled password, there’s a high probability that they could access all your accounts that use that same password.

Two-factor authentication (2FA) adds an extra layer of security to your systems and accounts. 2FA comes in many forms: it can be a biometric verification in the devices that you own or a time-sensitive auto-generated code sent to your mobile phone. This security feature works similarly to how websites would require you to confirm your email address to ensure that you are not a bot.

Encrypt all data

Encryption is an effective obstruction to hackers, since it scrambles and descrambles data every time someone tries to read it. Encryption also causes compatibility issues if the data is not being accessed via a company’s own network systems. While applying encryption can be expensive, it is certainly well worth the money because it protects your data in case it falls into the wrong hands.

Keep systems up to date

Hackers are always upgrading their tools to take advantage of outdated security systems, so companies should keep up to protect their valuable technology resources. Many companies don’t install software updates immediately, and that’s a huge problem. Updates often close existing security loopholes, which is why delayed installation can mean exposing your systems to external attacks. Keep your data safe by installing software updates as soon as they are released.

Back up frequently

Implementing several layers to your security doesn’t ensure that hackers won’t find their way into your systems. This is why you need to back up data frequently, whether it’s on-site, off-site, or by way of cloud backups. In the worst-case scenario where your systems do get infiltrated, you can restore lost data from your backups.

Monitor connectivity

Many businesses have no idea how many of their devices are connected online at a given time, so it’s very hard for them to keep track of which of these should actually be online. Sometimes, a company’s computers and servers are online when they don’t need to be, making these tempting and easy targets for attackers. It’s advisable to configure business servers properly to guarantee that only necessary machines are online and that they’re well-protected at all times.

It’s much more expensive to recover from a data breach than to prevent one. If you’re looking to protect your business IT systems from potential threats, contact us today so we can help.

To learn more about how to safeguard your business, or 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

More than just offering apps and cloud services designed to boost productivity, Microsoft 365 also provides robust security tools for protecting data from loss and theft. Make the most out of these tools and ensure data security by following these tips.

Take advantage of policy alerts

Establish policy notifications in Microsoft 365’s Compliance Center to help you meet your company’s data security obligations. With these in place, your employees will receive policy tips about sending confidential information anytime they’re about to send messages to contacts outside of the company network. These preemptive warnings can prevent data leaks and also educate users on safer data sharing practices.

Secure mobile devices

Since employees often use personal smartphones or computers to access their work email, calendar, contacts, and documents — especially if they’re working remotely — securing employee-owned devices should be a critical part of protecting your organization’s data. Installing mobile device management features for Microsoft 365 enables you to manage security policies and access permissions/restrictions, and remotely wipe sensitive data from mobile devices if they’re lost or stolen.

Use multifactor authentication

Relying on a single password to protect your Microsoft 365 accounts could lead to account hijacking, which could put your data at risk of being compromised. Instead, enable multifactor authentication (MFA). MFA requires users to supply additional credentials on top of a password before they can access their accounts. This makes it difficult for hackers to access your accounts since they not only have to guess user passwords, but they also need to provide a second authentication factor like a one-time SMS code or a fingerprint scan.

Apply session timeouts

Many employees usually forget to log out of their Microsoft 365 accounts and keep their computers or mobile devices unlocked. This could give unauthorized users unfettered access to company accounts, allowing them to steal sensitive data. By applying session timeouts to Microsoft 365 accounts, email accounts, and internal networks, users will be automatically logged out after a period of inactivity, preventing hackers from taking over users’ devices and accessing private information.

Avoid public calendar sharing

Microsoft 365’s calendar sharing feature allows employees to share and sync their schedules with their colleagues. However, publicly sharing this information is a bad idea because it helps attackers understand how your company works, determine who’s away, and identify vulnerable users. For instance, if security administrators are publicly listed as “Away on vacation,” an attacker may see this as an opportunity to unleash malware on unattended computers.

Employ role-based access controls

Access management is another Microsoft 365 feature that will limit the flow of sensitive data across your organization. It lets you determine which users have access to specific files in your company. For example, rank-and-file employees won’t be able to read or edit executive-level documents, minimizing the risk of data leaks.

Encrypt emails

Encrypting classified information is your last line of defense against data breaches. If hackers intercept your emails, encryption tools will make files unreadable to unauthorized recipients. This is a must-have for Microsoft 365, where files and emails are shared on a regular basis.

Partner with us to ensure your organization’s Microsoft 365 accounts are always secure and compliant with changing data security requirements. Give us a call today — our team of experts are here to help.

To learn more about how to safeguard your business, or 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

If you think your email is safe from hackers, think again. A lack of sufficient email security protocols can lead to data theft, unauthorized access to sensitive information, and successful malware attacks. Here are some tips to secure your email account from unwanted intruders and the many troubles that come with them.

Use separate email accounts

Most people use a single email account for all their needs. As a result, information from websites, newsletters, shopping deals, and messages from work gets sent to one inbox. But what happens when someone breaks into it? There’s a good chance they could gain access to all the stored information and use them in fraudulent dealings.
Having at least two separate email accounts will not only boost your security, but it will also increase your productivity. You can have a personal account to communicate with your friends and family, and a professional email account solely for work-related tasks.

Set strong passwords

Some email users often overlook the importance of having strong email account passwords. You might be surprised to learn that email passwords like “123456,” “qwerty,” and “password” are still the most common around. For the sake of security, set longer passwords or passphrases that contain a good mix of upper- and lowercase letters, numbers, and special characters. Make sure these passwords are unique to that account to keep all your other password-protected accounts safe.
You should also consider enabling multifactor authentication (MFA). This creates an extra layer of security by requesting for another method to verify your identity, like a fingerprint scan or a temporary activation code sent to your mobile phone.

Beware of email scams

When you see a link in an email, don’t click on it unless you’ve assessed its authenticity. You never know where those links might lead you. Sometimes they are safe, but other times they can infect your computer with malware or send you to a compromised website.
It’s always good to know who the email message is coming from. If you’re expecting a file from your friend or family, then go ahead and open the attachment. However, emails coming from unknown sources or those that have strange account names such as “@amazon6753.com” are most likely to be email scams.
These types of attacks are known as phishing, and they can be remarkably clever. For example, cybercriminals may masquerade as high-profile companies like Amazon, Facebook, or Bank of America to catch their victims off guard. They create emails with a sense of urgency by claiming that there’s an issue with your account and that you should send them information or click on a link to “confirm” your personal details. This link will either install malware on your device or lead you to a fraudulent site.
Even if there was a genuine issue with your account, legitimate companies would never ask something so suspicious over email. If you get these messages, contact the company directly through a verified website or phone number — not the contact details on the email.

Monitor account activity

Periodically watch over your account activity. Make sure to limit access privileges to apps if you want to ensure maximum privacy and security. Also, check for any suspicious activities in your logs, such as unusual devices and IP addresses that have accessed your account. This indicates that hackers may have successfully broken into your account. If this is the case, sign out of all web sessions and change your password as soon as possible.

Encrypt emails and update your software

Email encryption ensures that any message you send won’t be intercepted and viewed by unauthorized users. Meanwhile, installing the latest updates for your anti-malware, firewalls, and email security software filters potential email scams and fixes any vulnerabilities hackers can exploit.
Protecting your email accounts from various threats can be a daunting process, but with the right support, it should be effortless. Talk to us today for all your cybersecurity needs.

To learn more about how to safeguard your business, or 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 smallbiztechnology.com  SOURCE

Microsoft understands the value of business data and the costly repercussions of losing it. That’s why they’ve released a slew of security and compliance tools for Microsoft 365 subscribers. But given the increasing sophistication and frequency of data breaches, these cloud security solutions aren’t enough to protect your files. You’ll need to follow these seven security tips to prevent data loss in Microsoft 365.

Take advantage of policy alerts

Establishing policy notifications in Microsoft 365’s Compliance Center can help you meet your company’s data security obligations. For instance, policy tips can pop up to warn employees about sending confidential information anytime they’re about to send messages to contacts who aren’t listed in the company network. These preemptive warnings can prevent data leaks and also educate users on safer data sharing practices.

Secure mobile devices

Since personal smartphones and tablets are often used to access work email, calendar, contacts, and documents, securing them should be a critical part of protecting your organization’s data. Installing mobile device management features for Microsoft 365 enables you to manage security policies and access permissions/restrictions, and remotely wipe sensitive data from mobile devices if they’re lost or stolen.

Use multifactor authentication

Don’t rely on a single password to safeguard your Microsoft 365 accounts. To reduce the risk of account hijacking, you must enable multifactor authentication. This feature makes it difficult for hackers to access your account since they not only have to guess user passwords, but also provide a second authentication factor like a temporary SMS code.

Apply session timeouts

Many employees usually forget to log out of their Microsoft 365 accounts and keep their computers or mobile devices unlocked. This could give unauthorized users unfettered access to company accounts, allowing them to steal sensitive data. By applying session timeouts to Microsoft 365, email accounts, and internal networks, the system will automatically log users out after 10 minutes, preventing hackers from opening company workstations and accessing private information.

Avoid public calendar sharing

Microsoft 365’s calendar sharing features allow employees to share and sync their schedules with their colleagues’. However, publicly sharing this information is a bad idea because it helps attackers understand how your company works, determine who’s away, and identify vulnerable users. For instance, if security administrators are publicly listed as “Away on vacation,” an attacker may see this as an opportunity to unleash malware on unattended computers.

Employ role-based access controls

Another Microsoft 365 feature that will limit the flow of sensitive data across your company is access management. This lets you determine which user (or users) have access to specific files in your company. For example, front-of-house staff won’t be able to read or edit executive-level documents, minimizing data leaks.

Encrypt emails

Encrypting classified information is your last line of defense against data breaches. If hackers intercept your emails, encryption tools will make files unreadable to unauthorized recipients. This is a must-have for Microsoft 365, where files and emails are shared on a regular basis.

While Microsoft 365 offers users the ability to share data and collaborate, you must be aware of potential data security risks at all times. When you partner with us, we will make sure your Microsoft 365 is secure. If you need help keeping up with ever-changing data security and compliance obligations, we can assist you there, too!

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