Online Retailers See Surge in Cyberattacks Amidst COVID-19 Crisis

     

The COVID-19 pandemic has relegated many of us to our homes, leaving businesses with few opportunities to reach their customers and make sales. Online shopping has become a vital lifeline for thousands of businesses while brick and mortar locations are closed and millions of people shelter in place. In fact, many retailers are experiencing online traffic that is exceeding Cyber Monday activity, typically a high watermark for online shopping.   

Unfortunately, bad actors are capitalizing on this moment by targeting e-commerce platforms for attack using tricks like account takeovers, bot-powered scraping attacks, and payment card skimming malware. For example, 80% of login incidences at home goods retailers are attributed to account takeover attempts.

While a litany of COVID-19-related cyber risks has become increasingly apparent, it’s clear that online retailers need to be especially critical of their defensive posture to ensure that they can continue meeting surging demand in an uncertain retail atmosphere in order to retain customer goodwill and capture enough revenue to stay afloat in a challenging time for retail.  

https://www.scmagazine.com/home/security-news/cybercrime/report-account-takeover-and-data-scraping-attacks-on-e-retailers-up-as-covid-19-surges/   

Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com/texas 877.860.5863

Dark Web Trends

 third party contractors put data at risk, phishing scams continue to target unprepared employees, and cybercriminals target online retailers as the pandemic continues to keep customers out of stores.    

• Top Source Hits: ID Theft Forums
• Top Compromise Type: Domain
• Top Industry: Education & Research
• Top Employee Count: 101-250

Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com/texas 877.860.5863

Phishing Scams Have Spiked by 667% in One Month

 

The global COVID-19 response has required millions of workers to work from home. When coupled with a general sense of unease and uncertainty, the situation has created a perfect environment for cybercriminals to execute phishing scams. As a result, the number of phishing emails has increased by 667% in the past month.     

According to an assessment of 468,000 phishing emails, 2% were directly related to COVID-19. Meanwhile, 54% were labeled as scams, 34% as brand impersonation attacks, and 11% as blackmail. In addition, many are luring clicks by claiming to sell cures, face masks, and other critical supplies.  

For businesses, the implications are clear. Nobody can afford a data breach in this environment. Now is the right time to update and reemphasize phishing scam awareness training to ensure that employees can repel these damaging cyberattacks.  

https://www.infosecurity-magazine.com/news/covid19-drive-phishing-emails-667/   

Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com/texas 877.860.5863

Stop falling for the scams!

Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com/texas 877.860.5863

Introducing Next-level Secure Identity & Access Management With Passly

    

In today’s remote work world, every company needs a secure identity and access management solution to guard their systems and data against ever-increasing cyberattacks. We’re ready to meet that need with a dynamic solution that is quick to deploy and seamlessly scales to companies of any size. Introducing Passly, our new, comprehensive solution for secure identity and access management. 

Ideally suited for a remote workforce, Passly enables techs to give the right people access to the right things in a flash, simply and securely. Passly features Secure Password Management, Single Sign-On, Multi-Factor Authentication, and Dark Web exposure alerting baked right in, making it the ideal secure identity and access management solution to solve the challenges that MSPs and clients face right now – at a fraction of the price of other solutions.  

Learn more about Passly and see how it can benefit you today: https://www.idagent.com/passly 

Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com/texas 877.860.5863

Dark Web Trends

Plus: ransomware slows COVID-19 treatment development, malware targets online shoppers, and phishing scams jump by 667% in a month.  

Dark Web ID Trends:

• Top Source Hits: ID Theft Forums
• Top Compromise Type: Domain
• Top Industry: Medical & Healthcare
• Top Employee Count: 11-50

Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com/texas
877.860.5863

Social Isolation Puts Company Data at Risk

As the COVID-19 pandemic continues to cause chaos for businesses, we continue to be committed to helping keep your data secure. To that end, we’ve compiled several resources to help you navigate this unique terrain, and if we can serve you in any way, please don’t hesitate to contact us.     

This week, we wanted to highlight a cybersecurity vulnerability that is especially prescient as many people work from home and practice social distancing. According to a study by the Better Business Bureau, the FINRA Investor Education Foundation, and the Stanford Center on Longevity, people are more likely to fall for a scam when they are socially isolated.  

Cybercriminals are already taking advantage of our new digital environment sending a flurry of phishing and other fraudulent messages meant to compromise personal and company data, and isolated employees are more vulnerable than usual to these attack methodologies. Therefore, in addition to preparing employees for this troubling trend, make an effort to reach out to employees, coworkers, and family members to make personal connections during this challenging time.   

https://www.helpnetsecurity.com/2020/03/24/risk-scams/?web_view=true   

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Not a Partner? Learn more about Dark Web ID™ and the benefits it holds for your Business. Contact us today!

Bit by bit helps client networks run smooth and secure.. visit our website at www.bitxbit.com/texas 877.860.5863