Cyberattacks are the fastest growing crime segment in the United States and are expected to cost the world $6 trillion in losses in 2021. Cyberattacks aim to steal private information from businesses and individuals for illegal and nefarious purposes, and come in many forms such as phishing, hacking, and ransomware attempts.
In the wake of COVID-19, more people are working from home, and companies are scrambling to create and strengthen security protocols in a short and unexpected timeframe. This recipe for increased vulnerability puts a tremendous strain on organizations, and is the primary reason why businesses have made data privacy training and cybersecurity training a bigger part of recent compliance training initiatives.
Online threats are nothing new, but they are certainly ramping up during the pandemic, which is creating the potential for all sorts of problems for businesses. While the reasons for the uptick aren’t crystal clear, experts say it’s likely a result of increased internet usage and unestablished work-from-home practices creating more opportunities for criminals to exploit the situation.
Here are the most common cyberattacks happening right now that employees need to be aware of.
Phishing represents an overwhelming number of cyberattacks as evidenced by the latest numbers from CSO, which states that phishing attacks represent over 80% of security incidents in global organizations.
Most phishing attacks involve:
Business Email Compromise or BEC uses a new approach where criminals pretend to be an executive or vendor that needs money wired immediately. This kind of attack typically comes via email and mainly targets finance department employees.
Ransomware is one of the latest cybersecurity threats – and one of the most dangerous. In this case, not only do criminals manage to infect employee computers through a phishing attack to steal information, they then hold the data hostage until the business or employee pays a sizable ransom.
Password-related cyberattacks rely on employees using weak or identical passwords across multiple websites, apps, and tools. Here cybercriminals use stolen passwords to access secure business data by simply logging in as real users. It’s also one of the reasons why password security has seen a jump in recent years.
The sudden rise in cyberattackshich are six-times higher than normal over the past four weeks, has made a challenging time more difficult for everyone. However, it’s also created opportunities for businesses to take a hard look at their remote information security practices and the training that helps employees identify and react to these criminal attempts.
Since keeping information secure right now is a top priority as employees work from home, businesses should take the following steps to keep private information and their employees safe from the prying eyes of cyber criminals.
Employees across the US are accessing business data using all types of networks, including relatively safe options such as company Virtual Private Networks (VPNs), or ones that are less secure like household routers and Wi-Fi. For businesses, this means setting up a line of technological defense that is largely impenetrable so long as employees exercise caution.
Experts recommend the following to ensure VPNs and other employee-used networks and devices are protected.
Even the most sophisticated technology can’t prevent data being stolen if an employee falls prey to a malicious email or website. In light of the increased security risk presented by the pandemic, cybersecurity training and data privacy training must be a top priority for CLOs and their teams.
In addition to traditional security courses, training employees on how to work from home effectively is just as important. By launching a working from home training program, you help ensure your remote workforce is not only prepared to ward off potential security threats, but also is prepared stay productive, focused, and in the right working mindset.
Experts say that cyberattacks start from risky behavior by employees who:
Because cyberattacks can erode an organization, it’s important for employees to know just how damaging these attacks can be. Providing training on cyber and data security best practices not only educates employees on the far-reaching consequences of these sorts of attacks, it also reinforces education by putting employees in real-world scenarios that test this knowledge.
No matter how big your organization is, an effective approach to cybersecurity and data privacy training should include topics on:
As difficult as it can be to break bad habits around technology use and to change how day-to-day tasks are performed in the short term, the long-term benefits of security awareness and training are hard to ignore- especially now. After all, it saves businesses money, time, and plenty of operational headaches.
While the volume of cyberattacks may be rising, the risks posed to your organization don’t have to. As long as your business is exercising basic security procedures and making an effort to reinforce learning with more frequent reminders and education, your information should stay safe.
By providing employees with ways to learn and practice good security hygiene and giving them the tools and connections to keep company data secure, we can help “flatten the curve” on cybercrime at an important time.
Interactive Services provides comprehensive training on critical and timely topics such as cybersecurity training, data privacy training, and working from home training to help organizations and employees thrive during this difficult time. Discover more about our award-winning training programs by signing up for a FREE 7-day trial or by contacting us for a quick demo.