How much do you trust your employees when it comes to keeping your data safe? While you might trust them to some degree, you may have doubts about how well they adhere to cybersecurity best practices.

And you would be right — insider attacks are one of the biggest threats to business cybersecurity today.

Many small businesses today are at risk of losing their data and getting their systems taken over because of cyberattacks. In fact, according to the Verizon Business 2020 Data Breach Investigations Report, almost a third of data breaches in 2020 involved small organizations.

While implementing cybersecurity solutions such as anti-malware programs and firewalls is crucial in mitigating the risk of attacks, it’s also important that these controls are regularly checked and tested. This way, weaknesses and vulnerabilities in network security can be uncovered and remedied before these could be exploited.

Cyberattacks on the healthcare sector are rising and becoming more sophisticated today, and big hospitals and small private clinics are both targets. Just in the past three years, more than 93% of healthcare companies have suffered a data breach. There has also been a 45% increase in cyberattacks targeting healthcare organizations globally since November 2020.
Why do cybercriminals target the healthcare industry?
Cybercriminals target healthcare companies because they store large amounts of protected health information (PHI) such as medical records, Social Security numbers, credit card details, and other similar data.

Black Friday is just around the corner, and with most people likely to do their shopping online because of the pandemic, cybercriminals will have plenty of potential targets. So it’s important to be aware of common fraud and phishing tactics and ensure all your online transactions are adequately secured.

Out of all types of cyberattacks, phishing scams take the lead as the most common and most effective. In fact, they comprise 95% of all attacks on enterprise networks and impact 85% of both large and small organizations. This is why it pays to know how to spot a phishing attack, its potential effects, and what your business can do to curb them.

In an age filled with new cybersecurity threats, companies must put greater effort into keeping their data secure. This involves enforcing stricter security policies, having more than mere antivirus software, and implementing multifactor authentication (MFA).

As its name implies, MFA is a security mechanism that verifies one’s identity using other factors beyond simple username–password combinations.

As cybercrime tactics grow increasingly sophisticated, the need for cutting-edge security frameworks has become ever-more critical in recent years.

According to statistics by RiskBased, data breaches exposed 4.1 billion records in the first half of 2019 alone, most of which were “financially motivated.

Even before the COVID-19 pandemic, business email compromise (BEC) has been one of the most pervasive forms of cybercrimes. In fact, from 2013 to 2019, there were more than 70,000 victims of BEC scams worldwide.

According to the FBI, some of the most recent examples of pandemic-related BEC scams capitalize on coronavirus-related situations and reasons to ask for payments and change standard payment methods.