Small Businesses Suffer More Than A Quarter of all Breaches

    

According to Verizon’s 2020 Data Breach Investigations Report, small businesses are increasingly the target of cybercriminals. The report, which analyzed more than 157,000 cybersecurity incidents, found that 28% were directed at small businesses. Previously, cybercriminals have targeted larger organizations as the rate of return was often higher. However, a transition to cloud computing and the use of social engineering attacks, like phishing scams, has increased the risk for small businesses.  

In response, it’s clear that small businesses need to prioritize cybersecurity as a data breach has an outsized effect on smaller organizations. Among other recommendations, the report encourages small businesses to invest in continuous vulnerability management, secure their email infrastructure to protect themselves from the growing threat of phishing attacks. It’s also essential that companies recognize and identify insider threat sources and eliminate them as quickly as possible. 

Knowing that small businesses often lack the in-house cybersecurity resources to implement a 360-degree defensive strategy, MSPs have an opportunity to reach out to small business customers to build a partnership that fills that gap effectively and affordably to provide essential cybersecurity support in this tumultuous time.  .

Using tools and services that support good password hygiene, offering things like single sign-on, two-factor authentication, and other password-oriented enhancements, and enforcing stricter password reuse and sharing policies can help mitigate the risk of password compromise through password reuse and weakness. 

https://smallbiztrends.com/2020/05/small-business-data-breaches-2020.html

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Can you spot why this Microsoft email may be a fraoud?

Please leave comments.

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

Here are your loan documents - SCAM look close

First, I am not doing a loan, however many of you are.. Look close, certainly might make you or one of your staff fall for this.. We have some tools that can help prevent you from falling for this, and in the event you do we can help you recover.. However you need the right tools in place before it happens.

Please leave in the comments what you see wrong with this..

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

Cyber Insurers Increase Scrutiny of COVID-19 Claims As the Pandemic Increases Their Submission

Businesses hoping to rely on cybersecurity insurance coverage to offset the cost of a data breach may have a more difficult time recouping their losses. According to reporting by The Wall Street Journal, insurers are becoming increasingly critical of cybersecurity-related claims. Specifically, companies are adding questions to surveys used to calculate premiums and assess damages.

Download your FREE Remote Work Cybersecurity Toolkit now to get our “6 Risks to Mitigate to Quickly Secure a Remote Workforce” eBook and checklist.   

In some ways, this change is the result of a rapid shift to remote work. As we’ve covered extensively, remote work comes with many cybersecurity risks, and insurers are hedging their bets, assuming that they could incur an influx of claims as companies fail to grapple with the ramifications of remote work. For businesses, this is a reminder that they shouldn’t rely on cyber insurance to bail them out if they have a cybersecurity incident. Instead, they should invest in the tools that can prevent a cybersecurity incident in the first place.    

https://www.infosecurity-magazine.com/news/cyber-insurers-increase-scrutiny/

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Phishing email from survey

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Verizon’s 2020 Data Breach Investigations Report Narrows Down the Threat Landscape

     

Cybersecurity is a known threat that can be hard for non-tech folks to understand and can be seen as too broad to truly prioritize. Giving solid, actionable information about the nature and frequency of today’s threats is helpful when illustrating why cybersecurity matters. Verizon’s 2020 Data Breach Investigations Report shows that threats continue to grow and lays out a few facts that make it easier to quantify the importance of strong security, especially when supporting a remote workforce. 

More than two-thirds of all data breaches are attributable to just three factors: credential theft, social engineering attacks like phishing scams, and human error.  

Insider threats are a constant problem in the breach landscape, and that hasn’t changed.  While we usually think of threats as coming from outside an organization, malicious insider threats are incredibly devastating and need to be a major concern. 

The listed attack methodologies comprise the most likely vulnerabilities, allowing businesses to respond with more pinpoint precision. Cybersecurity tools are becoming more effective at blocking common malware strains, with human error overtaking malware this time. Some of it still gets through,  though especially as part of a phishing attack. 

Watch 10-minute demo videos of how ID Agent’s solutions like BullPhish ID and Dark Web ID can help you secure your data and your remote workforce quickly without breaking the bank! 

The threat of phishing attacks has never been higher, making updated training and testing essential. Although technology has become more successful at filtering phishing scams, many continue to make their way to employees’ inboxes, which is why the report called for businesses to implement security awareness training programs to combat these attacks.  BullPhish ID contains phishing training materials in 8 languages including COVID-19 phishing kits.

While today’s threat landscape is ominous and expansive, Verizon’s latest report makes it clear that businesses can make significant improvements to their defensive posture by prioritizing the most prescient risks in a comprehensive digital risk protection strategy.  

https://www.itworldcanada.com/article/three-factors-involved-in-the-bulk-of-data-breaches-verizon/430915

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

In Other News

Go Inside the Cybersecurity Landscape When You Read Inside the Ink   

Get expert news and analysis of the current breach landscape as you learn how to mitigate the risks you face today and prepare for the threats of tomorrow in our blog Inside the Ink. 

Catch up on what you need to know now: 

• Cybersecurity News and Analysis: The Ink This Week 
• Phishing is the Same in Any Language, so BullPhish ID is Available in 8 
• 3 Webinars to Grow Your MSP Business 
• Are Your Staff’s Passwords for Sale on the Dark Web? Fix That Now. 
• Smart Cybercriminals Sell Research Data on the Dark Web 

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