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Not everyone will pay attention to tech trends that phase in and phase out each year, there are too many to count, but cybersecurity trends are a different animal.


Considering in 2019 “the average cost of an attack rose between $108k to $1.4bn,” here are some of the latest cybersecurity trends you need to know so your business stays informed against cyber threats and data thieves.


Vital Infrastructure Is Coming Online at an Accelerated Pace.


This is not a new idea, but now that businesses are forced to work remotely to stay afloat, more and more of their infrastructure has been transferred digitally to the cloud for remote access. While this transition was far smoother, organized, and methodical prior to the pandemic, the 180-degree shift in only a few months to a work from home environment means access to vital company information is now easier than ever before, for more than just the employees…


Increased Attacks on Vital Service Providers.


Everyone is at risk. Smaller businesses are targeted with the perception their security measures will be lower, however industries storing vital personal information have become the largest victims. Financial institutions and healthcare organizations cannot afford to lose their data, so when hackers deploy their ransomware and now also threaten to leak their records, most organizations are willing to write the check. In 2019 “the cost of a data breach in the healthcare industry was the highest at $6.5 million”. Not only have ransomware demands increased, but hackers are now working on collaborative partnerships for more intensive attacks.


IoT Connected Devices.


New technology means new devices, and new devices mean increased security threats as each of these are internet accessible and provide a pathway for bad actors to infiltrate our networks. 61% of organizations in 2019 experiences an IoT security incident, and IoT devices themselves experienced an average of 5,200 attacks per month. With a global market size of $1.29 trillion, and the number of connected devices expected to hit 35 billion by 2021, the rate of attack is projected to skyrocket. That new, sleek, internet-connected refrigerator you just bought, can be a straight-shot to access your personal information if not secured properly. That’s IoT.


A Devastating Cybersecurity Skills Gap.


“During 2020, research suggests the number of unfilled cybersecurity jobs will increase from just 1 million in 2014 to 3.5 million,” Forbes explains. So, a climbing deficit is what we’re looking at, in an essential field that is growing exponentially, not good. This is expected to be a matter of public concern as we continue to face new threats in every field of our technology. The world will need sufficient people and skills to combat attacks, investing and training existing staff to prevent and mitigate risk will be a primary focus in the years to come.

 

Sources: https://www.forbes.com/sites/bernardmarr/2020/01/10/the-5-biggest-cybersecurity-trends-in-2020-everyone-should-know-about/#52de8c7a7ecc

https://www.kaspersky.com/blog/secure-futures-magazine/2020-cybersecurity-predictions/32068/

https://www.varonis.com/blog/cybersecurity-statistics/#industry

https://securitytoday.com/Articles/2020/01/13/The-IoT-Rundown-for-2020.aspx?Page=2

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Blog

Ransomware attacks are steeply on the rise and raising red flags amongst the federal government’s cybersecurity community. Hackers are ruthlessly targeting cities, businesses, cell phones and personal computers—no one is immune.


Cyber Alert Issued


The United States Secret Service recently issued a security alert to all American-based businesses, warning that foreign cybercriminals are going after the exodus of employees who have shifted to a work-from-home environment in response to the COVID-19 pandemic.

Ransomware, which dates back to 2013 is not a new problem to strike the United States.

Initially created to encrypt the personal photos and videos of home computer users, foreign hackers have changed their attack vectors in recent years to instead go after bigger fish with more bang for their buck–specifically, US businesses.

According to research by Accenture, the average cyber-attack costs a small business nearly $200,000 and unfortunately, many of those victims—a whopping 60%, will close their doors permanently in six months or less.

All it takes is one simple attack and a business is destroyed.


The good news is that a few simple steps can make a big difference in preventing cybercrime.

  1. Update ALL devices

Make sure business software is activated and updated on all company devices. Run patches. Update plug-ins and old themes on your website. Make sure you have the latest version of every software running on your system. Those nightly patches are often combatting security issues that someone has identified. Don’t let a hacker gain a foothold by simply forgetting to run a nightly update.

  1. Don’t click on unknown emails

Make sure your employees have participated in security awareness training on a REGULAR basis. Teach your employees to question everything that comes in their inbox and SMS. Your employee’s cyber hygiene matters.

Consider it this way – if your employees know how to red-flag a phishing e-mail, they’re not going to click on it. Rather, they’ll be trained to report it, and the appropriate action can be taken to secure everyone on your network from this malicious attempt.

  1. Encrypt and backup data…then store it separately 

As highlighted by researchers in the International Journal of Advanced Computer Science and Applications, data encryption remains the ‘most efficient fix’ for data breaches, should they occur. After encryption, backing up all data is another key way of protecting yourself from security breaches. With ransomware hackers locking companies out of their systems, encrypting their data and asking for a ransom to be paid before releasing the data, you can stay one step ahead of them by backing up all of your data and storing it separately.

  1. Insist that your employees only use their work device for work purposes.

Your kids playing Fortnight, your spouse looking at bike parts or shoes—all online activities such as shopping and checking personal e-mails on a work device can open your network up to a variety of security vulnerabilities. Insist employees use separate devices for these activities.

  1. You must have strong password protocols.

All employees need to use a complex password. This means a mixture of upper- and lowercase letters, numbers, and special characters.

Furthermore, all employees should be required to change passwords every 3-6 months, and strongly urged to use a different password than they use for personal purposes.

Source: https://www.foxbusiness.com/technology/small-business-cyberattack-5-steps-protect

International Journal of Advanced Computer Science and Applications

Image Source: https://www.pexels.com/photo/man-standing-infront-of-white-board-1181345/

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Blog

Right now, data is one of the more valuable assets in the world. Personally identifiable information (PII), which sets each individual apart from the other, can be used for profit, by both good and bad actors. While there are ways to ensure our data stays our own, there is no shortage of villainous cyber-threats clawing their way into our many online accounts.

Combating cyber threats is of the utmost importance to every internet-accessing person, and every business owner, whether they believe it or not.

But what key metrics do we need to look for in a cybersecurity service provider? In all the chaos, what attributes set some apart from the rest?

How to Find the Ideal Cybersecurity Service Provider?

1.
Do Your Research.

Obvious yes, but it’s imperative to remember that no matter the provider you choose, if an attack or data breach should happen, it’s your company’s life on the line. Be sure that their real-world results are what you’re looking for, are they eager to be tested and consistently rising above your standards?

2. Require Versatile Protection.

Cybersecurity is multi-faceted. A service provider should utilize more than just anti-malware and be prepared to protect your company on any front, be it mobile, physical, or virtual.

Threat protection can (and should) also extend past software and hardware. Is your ideal service provider training your employees to recognize the latest cyber-threats? Phishing attacks, DDoS attacks, and malware are a daily struggle for businesses, so education and awareness are some of the best ways to decrease risk.

3. 24/7 Support and Backup Disaster Recovery.

Cyber threats do not sleep, so your cybersecurity provider should be available around-the-clock if you need urgent assistance. Every minute down is monetary loss and a damaged reputation. Do not wait for disaster to strike before you test your protection.

If you do suffer a data breach, are you prepared to swiftly recover? Backup disaster recovery and business continuity are imperative plans to not only restore operations once interrupted, but keep your organization running in the event of a serious attack.   

4. Think Long-Term.

In an ever-changing cyber landscape, your service provider should help you navigate like a pro. Each new development in your cybersecurity plan should be well-thought and result in a seamless integration, providing long-term, proactive threat-protection.

The right service provider will insist that cybersecurity awareness, prevention, and security best practices are part of your everyday culture.

-The MicroPac Tech Team

Free Virtual Assessment Available.
www.micropactech.com


Source: https://www.kaspersky.com/blog/tips-for-choosing-cybersecurity-provider/21048/ 
https://www.varonis.com/blog/cybersecurity-statistics/
Image Source: https://www.canva.com/design/DAEBgUbPcas/xqIlQqi5DzpACldRssXGCw/edit?category=tACFajEYUAM#



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