How Common Type Cyber Attacks Are Evolving

How Common Type Cyber Attacks Are Evolving

Simply described, a cyberattack is a type of intrusion that involves the use of computers to gain access to other computers. A simple “brute force” attempt, in which a criminal tries all possible passwords, to complex attempts that use stolen credentials and malware to steal data and shut down networks.

However, these representations oversimplify the problem because cyberattacks and attackers, as well as their tools, are always developing which is how common type cyber attacks are evolving. As a result, managed IT companies like JENLOR are increasingly collaborating with partners to integrate and innovate cyberattack defenses.

Common Types Of Cyber Attacks

There are various types of attackers: Money is the most common motivation for cybercriminals (accounting for more than two-thirds of attacks, according to the Verizon 2021 Data Breach Incident Report), but corporate espionage and state-sponsored hacking are also factors.

Cyberattack types also vary greatly depending on the attacker, the target, and the tactics used, with business risks falling into four broad categories:

  • Ransomware and Malware: Cybercriminals have discovered that breaking into networks, encrypting them, and demanding payment in exchange for the decryption key to reclaim control is profitable. According to IDC, one-third of enterprises globally were targeted in 2021, many of them multiple times, with the average ransom estimated at around $250,000 per attack.  
  • Denial of Service (DoS):State-sponsored actors and cyberterrorists frequently deploy this form of cyberattack, as do ransomware gangs. It entails taking a network down or conducting a distributed denial of service (DDoS) assault that accomplishes the same goal – shutting down access by flooding a network with malicious traffic and overloading its capacity.
  • Theft of Data:One of the first sorts of cyberattacks was data theft, in which hackers stole credit card numbers and personal information. However, like most types of cyberattacks, data breaches have grown in magnitude and sophistication. Bad actors can get data in a variety of methods, both old and modern. Phishing scams entice people to give over their passwords so they can gain access to corporate networks. Credit card data is harvested via skimming devices installed at point-of-sale terminals. Data can also be obtained from carelessly destroyed documents or from a bad guy impersonating a third party during a phone call.  These are just a couple ways of how common type cyber attacks are evolving.
  • Impersonation:This category includes a wide range of phishing schemes, from the simple “claim your prize” email containing malware to sophisticated “social engineering,” in which a person is persuaded to undertake a damaging activity by receiving an urgent email purporting to be from a client, colleague, or vendor. “Whale phishing” and “spear phishing” attacks use online or stolen information about executives to dupe staff or partners into doing the cybercriminal’s bidding.

How To Reduce The Risk Of Cyber Attacks

With the growing possibility of hackers abusing your data, the most responsible course of action, after having appropriate professional data breach insurance, is to develop systems to prevent data security breaches.

  • Reduce Data Transfers: Because of the growing number of employees who work remotely, data must frequently be transferred between company and personal devices. Keeping sensitive information on personal devices makes you more vulnerable to cyber threats.
  • Download Carefully: Downloading files from unknown sources can put your systems and devices at danger of being hacked. To reduce your device’s vulnerability to malware, only download files from trusted sources and prevent superfluous downloads.
  • Improve Password Security: The first line of security against a number of threats is password strength. Using meaningless symbols, changing your passwords on a regular basis, and never writing them down or distributing them are all important steps in protecting your sensitive data.
  • Monitor for Data Leaks: Regularly monitoring your data and spotting current leaks can help you avoid the long-term consequences of data leakage. Data breach monitoring software keeps an eye on questionable activities and alerts you when it happens.
  • Develop a Data Breach Response Plan: Data breaches can happen to even the most careful and disciplined companies. Establishing a formal plan to manage potential data breach incidents, primary cyber attack response plan, and cyber attack recovery plan will help organizations of any size respond to actual attacks and contain their potential damage. 

Businesses are clearly under constant threat from cybercrime and must take precautions to protect their data. Don’t wait until it’s too late; take action now to avoid future data breaches and the consequences that come with them. Similar to the importance of adequate cyber liability insurance, adequate data protection is critical. Contact JENLOR today to begin taking proactive steps to better position your organization against the ever-evolving landscapes of cyber attacks.

Why You Need A Data Retention Policy

What is the Purpose of a Data Retention Policy

Data retention policies are guiding principles that control how an organization manages its information. These policies assist in determining the purpose of data held, the rules and regulations that apply to it, the length of time it should be kept, and how it should be archived or deleted when the time comes.

A good data retention policy can help you stay in compliance with laws and regulations, cut costs, and aid in the organization of data. 

What Is Data Retention?

The storage and management of data acquired by an organization is known as data retention. It is the management of data throughout its lifecycle, from creation to deletion. Data is the most precious asset that modern businesses have. However, if not properly managed, shortcomings in data retention procedures could result in cost and compliance issues. To govern the lifecycle of an organization’s stored data, data retention policies are developed.

A data retention scheme is the set of policies and processes that govern how your company manages its information. It aims to offer an inventory of the data held, as well as identify how long data should be preserved and how data should be archived or deleted.

Why Is It Important?

Data retention is vital for a variety of reasons, both practical and legal. Data retention regulations, on the other hand, help to offer structure to a chaotic, dispersed, and crucial aspect of any company. A data retention policy can assist businesses in determining what data is retained where. Another practical consideration is that data does not always remain valuable. In truth, up to 70 percent of data kept by businesses has no legal or business value. Keeping so much useless data on hand is not just wasteful in storage space, but it’s also problematic from a legal standpoint. The longer an organization keeps a piece of data, the less valuable it becomes and the greater the risk it poses.

Why You Need A Data Retention Policy

A data retention policy, adds value. It accomplishes this mostly by lowering inefficiencies and removing deadwood from enterprise datastores. Organizations become better familiar with their data sources as a result of the process of developing a data retention policy. Redundancies may be discovered as a result of this method.

How To Create A Data Retention Policy

  • To begin, assemble a team that includes representatives from every department impacted by your data retention policies.
  • Sort your data according to your priorities. For firms and businesses with large amounts of communications and a virtual staff, email records, for example, will be a major item.
  • Similarly, determine which regulations govern your company and organize your data according to them. You’ll also need to consider the regulatory differences between markets.
  • Based on the reasons listed above, create a data retention policy. Make careful to define how long certain types of data will be retained, as well as whether the data will be archived or removed once the retention term has expired.
  • Assign trustworthy personnel the responsibility of managing and disposing of your data as data retention stewards.
  • Finally, devise a strategy for enforcing your data retention policy and ensure that all workers are aware of their responsibilities in maintaining data compliance and security.

Conclusion

A data retention policy is more than just a way to keep track of things. It’s crucial for making sure your data, staff communications, and storage methods are all accessible, compliant, safe, and secure. If you’d like to work hand-in-hand with an IT partner who can help you craft a meaningful data retention policy and help your team get a better handle on your IT environment, reach out to JENLOR today, and we’ll get the conversation started.

Which Public Cloud is Right For Your Company?

The advantages of public cloud platforms are widely known: they are extremely accessible, and since the cloud provider is responsible for the underlying infrastructure, you don’t have to worry about making upfront hardware investments.

While all public clouds provide similar key functions, not all solutions are appropriate for all organizations. Each business has distinct needs, requirements, business goals, and workloads, all of which must be considered when selecting a cloud vendor.

Why Choosing The Right Cloud Is Important 

Improved Security: While there are risks to storing data off-site, public cloud service providers often offer superior security solutions that you may be able to deploy in-house. These include using cutting-edge technology, having access to professional cybersecurity experts, and conducting regular penetration tests.

Increased Agility: Businesses that use the right public cloud experience improved service delivery, simplified internal operations, faster rollout of new business initiatives, better collaboration, and enhanced data collection and analysis capabilities.

High Flexibility: Public clouds offer superior flexibility and expanded options when it comes to peak load management. Technologies that can also reduce the complexity and time necessary for testing and deploying new applications.

The Different Types of Public Clouds And How They Work

When looking for which public cloud is right for your company, different clouds are required for various businesses, industries, and goals. As a result, it’s critical to analyze the various clouds and select the best one for you. The following is a list of the various types of clouds available:

1. Third-Party Managed Public Cloud

A managed public cloud is one in which a third-party provider monitors and manages an organization’s cloud usage. You can choose which IT functions you wish to manage in-house and leave the rest to the provider. They’ll take care of the infrastructure while you enjoy the advantages of having your own world-class cloud.

2. Self-Managed Public Cloud

A self-managed public cloud is one where you get the platforms from a third party and decide how much you want to handle yourself. This form of public cloud is perfect for companies who want the most control over their cloud environment but don’t want to set up an in-house data center to accomplish this.

3. Hybrid Cloud

A hybrid cloud combines private cloud, public cloud, and on-premises infrastructure, allowing for management and application mobility across all three environments. As a result, an organization may operate and expand cloud-native applications on the most appropriate computing platform in a unified and flexible computing environment.

Conclusion

Every company has its own set of criteria, needs, and workload. You can have different compliance rules, work in various industries, or have different business results. Please contact JENLOR today to figure out which public cloud is right for your company.