You can never be too careful when it comes to safeguarding information and data online. These days, for a variety of reasons, the majority of corporate data is kept online. Unfortunately, a lot of companies think they are immune to cyberattacks and data breaches.
It’s simpler to think you’re safe, or that your business is too little to be a target. Believe it or not, any business can be targeted by cybercriminals, there are no distinctions on the size of your business.
Conducting a cyber security assessment is one of the more efficient ways to be ready in the event that your company becomes a victim of a data breach or hack. In this blog, we will discuss what a cyber security assessment is and some warning signs that your company needs a cyber security assessment.
What Is A Cyber Security Assessment?
Prior to a breach or malicious attack, a cyber security assessment seeks to identify and assess any potential risks or vulnerabilities in your organization’s infrastructure. After an assessment is complete, you can identify the most significant vulnerabilities and rank the most pressing security threats that need to be fixed.
A smart method to make sure your company is maintaining its cyber security efforts is to do an evaluation. A significant number of vulnerabilities discovered during the evaluation is a hint that your company needs to prioritize security awareness and training.
How Dated Is Your Technology?
Old software or computers are ticking time bombs when it comes to cyber risks. This makes it even more important to keep your technology and software up to date. Since vendors will eventually stop supporting an outdated software solution, you are more likely to be exposed to a security danger. Additionally, your company is at risk if you frequently skip software updates on your current infrastructure.
Can Old Employees Still Access Their Accounts?
Do you have a procedure in place for managing a former employee’s access to technology? If not, it is highly suggested that you have a procedure in place for how much access former employees will have to their previous work accounts.
This is important because there are cases where workers who don’t part ways peacefully still have access to the systems and software. A security review for previous employees helps you find out if old passwords were never terminated and can be beneficial in keeping your information safe.
Are Your Employees Utilizing Their Own Personal Devices?
Bringing personal devices to work such as a cell phone is common, but they also present some additional liabilities as it relates to cyber security, including:
- Unknowns surrounding updates may make the devices more vulnerable to cyberattacks.
- In some circumstances, it could be possible for employees to download malicious software or apps that provide cyber criminals access to your computers.
- Data security could be compromised when accessing work information on a personal device that is being used by another individual.
Are Your Employees Lacking Cyber Security Training?
Although it’s not necessary for all staff to be cyber security specialists, it’s a good idea to train them in best practices. Employees are often the source of cyberattacks or breaches, often through no fault of their own due to the lack of knowledge on what to do when they are the victim of a cyberattack.
Your business may be at risk of an attack if bad online habits like using weak passwords, not closing out of programs, or failing to see suspicious files or emails are practiced while at work.
Get Help Today!
Unfortunately, a majority of businesses are unaware of how little cybersecurity they have. Prior to a malicious threat, you must determine your business’ vulnerabilities, hazards, and threats and take action to prevent them from becoming disastrous problems.
If you are interested in a cyber security assessment, contact JENLOR today for more information.
The modern workplace has changed as a result of technology. More companies than ever, including small and medium-sized businesses, are utilizing the power of the internet and digital technologies to increase productivity, increase efficiency, and maintain business continuity. These technologies range from remote working to cloud-based apps and systems.
The ability to reach the workplace from anywhere in the world presents great opportunities for many organizations and their employees, but those opportunities come with some risks. Cybercriminals are standing by, ready to prey on internet users and systems with weak defenses.
It is critical to scale up efforts to safeguard your company and personnel from the threat of cyberattacks with new cyber threats being revealed every year. Here are some helpful hints for securing your systems and keeping your online business security.
Be Prepared for Ransomware Attacks
Ransomware attacks are intended to shut down or illegally take control of business systems in return for money, disrupting operations, and resulting in enormous financial losses. One of the techniques that cybercriminals are known to use to access computers is known as phishing.
Phishing scams are when cybercriminals get an unsuspecting person to click on an attachment or link, sending ransomware into their computer. Once inside, it’s only a matter of time before systems and data are compromised, locking users out.
In order to launch a ransomware attack, consumers are often persuaded to click on fraudulent links or attachments. PDF’s, ZIP files, Word documents, Excel spreadsheets, and more are all examples of attachments that could potentially contain ransomware
Ensure That You Have Malware Resistant Systems
Malicious software, commonly known as malware, gives hackers access to systems and networks by secretly installing itself on a user’s device. Malware allows access to personal and company information and is frequently difficult to detect.
The most prevalent types of malware are; Trojan horses, spyware, and viruses. Installing antivirus software and making sure that computers are updated frequently are the greatest ways to protect against malware.
Make sure you have the most recent security features that close known security gaps and assist in protecting your systems against viruses and malware by setting up your devices, operating systems, and applications to automatically install updates.
Keep An Eye Out for Social Engineering
Have you ever received an email requesting personal information from you or threatening to suspend your account if you don’t supply login credentials? Cybercriminals psychologically manipulate people into disclosing private information online, also known as social engineering technique. The strongest defenses against a social engineering attack are awareness, watching out for irregularities, and knowing who to trust with confidential information.
Use Unique or Uncommon Passwords
Most individuals use various devices and accounts on a daily basis, often choosing to keep the same password for all their devices rather than having a variety of them. This also applies to staff members who frequently use the same or similar passwords for both personal and professional accounts. This could be risky because if one account is taken over by hackers, it could mean that all of the accounts and the data they store are now easily accessible.
Establish Thorough Company Policies
An organization’s cybersecurity policies lay out the standards and best practices that workers should adhere to in order to protect their systems and keep your firm safe from the threat of cyberattacks.
Company policies are essential for communicating from the top down and increasing staff awareness. Thorough online business security policies for an organization should include the following:
- Effective administration of passwords
- Explain the significance of cybersecurity
- Cybersecurity awareness training for threats like phishing and ransomware
- Implementing security updates
- Locking all computers when not in use
- Reporting stolen or misplaced equipment
- Applying social media privacy settings
To learn more about how JENLOR can help you implement thorough cybersecurity policies for your organization, contact us today and allow us to help provide the best security for your business.
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.
Cybersecurity Lessons in Big Retail
What can SMB’s learn from high-profile security breaches in large retail businesses? These cybersecurity lessons in retail can help prevent a security breach from occurring in your big retail business.
IT Retail Security Gaps
Retail IT security has traditionally been reactive and underfunded. From a technological standpoint, retailers have always approached PCI (Payment Card Industry) compliance as a checkbox exercise. Compliant security has resulted in insufficient data protection and poorly integrated point-of-sale solutions that are dispersed across a large geographic area. Furthermore, due to deployment, maintenance, and training problems, endpoint security on point-of-sale systems is frequently overlooked. Retailers are hampered in mitigating security threats due to a lack of staffing and competing objectives, leaving many retailers to delegate important security duties to auditors, contractors, and stores.
Another common hacker tactic is refund fraud. What is the mechanism behind it? There are several choices, including:
A hacker makes a bogus receipt, which means you give them a refund for something they didn’t buy. On the dark web, some fraudulent receipts are for sale.
Someone purchases something with stolen credit card information and then requests a refund to be sent to a different card.
Someone makes it appear as if their package never arrived, leading you to issue a refund. If a person complains about your business on social media, this is a good strategy to use. When it happens once or twice, refund fraud may not seem like a big deal. Scammers and hackers, on the other hand, can work at any level, and you could end up losing a lot of money.
Third-Party Security is a Priority
Third-party IT security breaches have affected innumerable organizations, with high-profile breaches at Home Depot and others making national news. Other organizations that have experienced third-party data breaches include Amazon, T-Mobile, eBay, Macy’s, and Target, which demonstrates how prevalent they are in this day and age.
Key Takeaways for ALL organizations – retail or not
A chain is only as strong as its weakest link. Fraudulent actors are creative in the ways they seek to compromise business these days, and the level of access 3rd party vendors have at your organization matters. These are all key pieces of the puzzle when considering how secure you REALLY are. Reach out to JENLOR today to see how the lessons we’ve learned operating in the IT security landscape for over 20 years can benefit you and your organization for cybersecurity lessons in big retail.