No one has probably had it easy lately, particularly business owners who have been under a lot of stress. Even if these additional worries take a lot of time and effort, the security of your data must always be at the top of your list of business-related concerns.
Despite this, most business owners are unaware that one of the most daily hazards they face—especially in light of the Covid-19 outbreak—is the rapidly growing amount of cyber threats. The driving reason behind this, given that technological advancements also give rise to increasingly complex cyberattack strategies, is the dynamic digital environment of the modern office.
Cybercriminals have benefited from the general public’s and, more importantly, corporate owners’ attention to the Coronavirus outbreak in order to attack corporate owners when they are most vulnerable.
Whatever industry your business operates in, your IT system will unquestionably be the key to your success. It includes all of the tools, private information, channels, and operational components that your business needs. However, it is under attack! Cybercriminals will use any measure necessary to obtain your info.
Small businesses are not risk-free
Even if you could believe that your organisation is secure since “you aren’t worth the effort,” attacks are still a possibility. Contrary to common belief, being small makes you appear to be a more alluring target since people presume you would lack the necessary financial resources, technological infrastructure, and defence. Would you rather take the possibility of failing in an attack on a huge organisation with strong defences or would you prefer to target a tiny organisation that is dreadfully unprepared and has few or no defences? As a small firm, you need thus be extra careful to ensure that you have proper cyber security protections in place.
The Email Security Hazards
Email is one of the few constants in today’s technological world. Despite the fact that there are currently more effective alternatives, email has a long and illustrious history of serving as the gold standard of business communication.
Cybercriminals prey on our reliance on email and our ignorance of the possible problems that can result from it by targeting individual user accounts and using deceit to force people into giving up access to or giving up management of company funds.
These days, it can be exceedingly challenging to tell a malicious email from a valid one. Let’s look at two of the most common phishing techniques, in which cybercriminals attempt to trick their victim into providing personal information by pretending to be someone else’s company online.
Masked as a brand or company
This kind of assault has been occurring often for a while, but recently, probably as a result of the pandemic, it has substantially increased in popularity. HM Revenue & Customs was the target of the pandemic’s largest and most comprehensive impersonation attack. By tempting their target with tax incentives and aid funds—which many people during the outbreak were in urgent need of—cybercriminals preyed on the wants and concerns of the masses.
Masked as a company employee or director
Despite being less common, this tactic is still one of the primary ways attackers effectively carry out cyberattacks.
Given how cunning hackers are, it’s a dangerous move, but it could also be one of the greatest. Online attacks on important corporations have been carried out by criminals impersonating the finance director. Sending an email to the financial team that appears to be from the CFO’s personal mailbox and asking for money to be transferred to an account is one way to do this. Why wouldn’t you accept their offer of payment, especially if the email has a full “E” signature? That is not the fault of your personnel because if the email contained the required “E” signature and seemed to come from a reputable source, anyone without the required training would be duped by it.
Ransomware – The dangers
The internet is full of malware, or destructive software, and ransomware in particular is highly risky. Using a private key that only the online attacker has to encrypt your files, ransomware aims to prevent you from accessing data. The cybercriminal steals your data and demands a ransom in exchange (thus the name “ransomware”).
Armco IT: IT Support and Managed Services for Businesses Across York, North and East Yorkshire
There’s nothing we love more than seeing Yorkshire businesses flourish by harnessing the power of IT. Our team of dedicated engineers stands ready to help you overcome any technical challenge and deliver tailored solutions that help your business meet its goals and growth ambitions. From our base in Malton, we deliver proactive IT support and services across York, North and East Yorkshire. We have a strong track record in delivering impactful IT to clients across a wide range of sectors, including manufacturing, design and insurance, among many others. We focus on maintaining, optimising and securing your digital estate, so you can focus on the growth and success of your business. Contact our team and let us start our journey together today.