Dark Web Data Powers Impersonation & Business Email Compromise Scams

Dark Web Data Powers Impersonation & Business Email Compromise Scams 

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Dark Web danger doesn’t just come to your company’s doorstep from compromised passwords – it also comes from data dumps full of email addresses, employee information, website user logs, supplier records, medical data, and more that can provide cybercriminals with exactly what they need to lure your staffers into a nasty (and expensive) trap. 

Every kind of data about your employees that you can think of is available on the Dark Web – sometimes for free. As the 2020 US elections race to the finish, voting registration data and records from special interest groups have fueled extremely dangerous spear phishing attacks including impersonation scams. 

General business email compromise attempts are landing in employee inboxes every day too. A recent survey reported that over 30% of respondents reported receiving one every day. Running the gamut of impersonations including scary vendor notices, fake unpaid invoices, spoofed supplier communications, and even fake emails from colleagues, cybercriminals are pulling out all the stops to trick your staffers into falling into a business email compromise scam.

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The most efficient and effective way to put the brakes on business email compromise risks is to mitigate the foundation that they’re built on: phishing email. With a more than 600% increase in phishing attacks clocked in 2020, making sure that your staff is ready to defend against phishing attacks is crucial to protecting your business from cybercrime like business email compromise.

BullPhish ID can help with that. Regular security awareness training including phishing awareness can reduce your company’s risk of falling prey to a cyberattack by up to 70%. The key is regularity though – research shows that employees only retain security awareness training for about 4 months unless it’s regularly refreshed.

That’s not a problem with BullPhish ID. Featuring a huge library of more than 80 plug-and-play phishing simulation campaign kits in 8 languages, we also add 4 new kits every month to make sure that your staffers are getting the training that they need to be on guard against the latest threats.

Regular training doesn’t mean expensive either – BullPhish ID is affordable and effective. Improved cybersecurity awareness and phishing resistance training isn’t something that can wait. Protect your systems and data from impersonation and business email compromise scams now to avoid a mess tomorrow.  Contact us today for a live demo of BullPhish ID to see how it can secure your customers and grow your business.

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

Go Inside the Ink to Get the Inside Scoop

Go Inside the Ink to Get the Inside Scoop 

Every weekday, our blog features timely cybersecurity and breach news, problem-solving advice, and expert analysis of today’s threats, plus insight that helps you plan for tomorrow. Don’t miss it!

• CISA NIST Ransomware Protection Guides Highlight Simple Solution  
• Is Your Stolen Data in the Pot at a Poker Game? 
• 5 Reasons Why You can’t DIY Dark Web Monitoring 
• The Week in Breach: 10/14/20 – 10/20/20 
• Don’t Get Tricked by GDPR Compliance Phishing Scams  
• Remote Work Phishing Threats Aren’t Slowing Down 
• New Hacked Voter Data on Dark Web Stokes Election Cybersecurity Fears

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

Would you fall for this scam?

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

Bit by Bit November Newsletter

No images? Click here   What We Learned about Cyber Liability Insurance in Our Webinar Well, you need it. Cyber liability insurance. You've got health insurance, right?  So, you should invest in coverage to insure your cyber health against hackers and [...] Read more   Bit by Bit Partners with Cybersafe Solutions to Offer World-Class Cybersecurity Tools As a full-service IT firm, Bit by Bit has entered into a partnership with New York-based cybersecurity firm Cybersafe Solutions to enhance our [...] Read more     3bExam & DOT Physicals:  No Rush to Judgement As the premier exam management program, 3bExam connects thousands of employers, employees, drivers, and providers from a wide range of [...] Read more   Upcoming Webinar: The Cyber Threat Landscape is Evolving  You should too Oct. 28th     2-2:30 EST      Visit our Event Page  for Details!         Questions? Get in touch with us today!     CONTACT US   SUPPORT CENTER   www.bitxbit.com   ©2020 Bit by Bit. All Rights Reserved.   Share    Tweet    Share    Forward

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

Too Many Privileged Credentials Can Lead to Disaster

Too Many Privileged Credentials Can Lead to Disaster 

How many administrator or above credentials are around for your business systems? How many people have access to an administrator password who shouldn’t? Can you be sure that every former staffer’s access has been removed? How many of your staffers are reusing passwords at work and at home? 

Compromised credentials cause big business problems, and privileged credentials are Golden Tickets for cybercriminals. In a recent analysis, experts determined that as many as a fifth of employees with privileged user credentials don’t need them – a third of the respondents even said that everyone at their level has the same access, whether they need it or not.

Playing fast and loose with privileged access to your systems and data is a disaster waiting to happen, as the US Government recently found out. Bad actors were able to gain access to critical data and systems with stolen access credentials for O365, including administrator credentials. The attackers were then able to conduct a complex malware attack, remotely logging into staffers’ computers.

Sometimes it’s inconvenient to have to track down someone to click a button. But giving out privileged access to everyone is no good at all, and sharing administrator passwords is not the answer. Simple secure identity and access management is the solution.

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Passly combines multiple security tools into one solution, giving you more for your money including multifactor authentication and secure shared password vaults. But the most important feature that Passly provides to alleviate this headache is single sign-on. It makes everyone’s job easier.

Instead of writing down administrator passwords to access a system or giving people blanket access, single sign-on allows every staffer to have a personalized LaunchPad that signs them in to all of the apps they’ll use at work in one swoop.

It’s also a boon for IT departments. No need to go into every single application a staffer might use and grant them access permissions. No more endless password resets when somebody lost that sticky note. Every user has an individual LaunchPad that IT staff can access from anywhere, granting and removing permissions with just a few clicks.

Secure identity and access management was cited as a top priority for next year by CISOs in a recent survey, and it’s no wonder. Making it easier for IT staffers to control your access points while making it easier to make sure that the right people have access to the right things exactly when they need it just makes good sense.

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

Just When You Thought It Was Safe – COVID-19 Phishing is Back for an Encore

Just When You Thought It Was Safe – COVID-19 Phishing is Back for an Encore

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COVID-19 quickly rose to the top of Google’s list of the biggest phishing topics in history in the spring of 2020. After a monster increase of more than 600% in phishing in Q2 2020, the tsunami of phishing email around the global pandemic seemed to be slowing down as the topic became less sensational.

But the fall of 2020 is shaping up to be the return of the COVID-19 phishing scam. As disease rates climb in some countries and COVID-19’s second wave starts making its way through the world, cybercriminals are looking for ways to get some replay value out of their best pandemic-themed phishing tricks.

In a study of user reactions to cybersecurity dangers like phishing lures, researchers at Verizon discovered that even with all of the hype surrounding COVID-19 scams, users are three times more likely to click on a phishing link and then enter their credentials than they were before the pandemic, and thousands of new COVID-19 scam pages are still being created every day.

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Don’t let cybercriminals get their hooks in you. Learn how to spot and stop today’s biggest security threat: phishing.

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Our long COVID-19 phishing nightmare isn’t even close to over. Fresh warnings about COVID-19 relief scams and pandemic-related phishing emails from entities like the FBI serve as fresh warnings that there doesn’t seem to be an end in sight for the audacity of cybercriminals in the time of COVID – 19. The UK’s National Computer Security Center (NCSC) recently announced that it had taken down about 2,000 scams in just one month. 

That means it’s time to remind your clients about the value of security awareness training, especially phishing resistance training. Companies that engage in regular cybersecurity awareness training have 70% fewer cybersecurity incidents – as long as that training is regularly updated. Staffers hold on to what they learned in training for about 4 months at most, so regularly updating training is a must. 

BullPhish ID provides a robust training solution that’s good for you and your clients. With 4 new plug-and-play phishing simulation kits added every month, including COVID-19 threats, your clients will have plenty of material to use for their training campaigns – and you’ll have a nice boost to your MRR when they keep using our easy, cost-effective solution. 

Everyone’s trying to save money in a tight economy, but security awareness training isn’t the place to make cuts in the IT budget. A small up-front investment in training with a dynamic solution like BullPhish ID pays huge dividends in improved overall cybersecurity when a phishing email lands in an employee inbox and gets deleted instead of opened, saving a fortune.

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

Customers Are Ready to Break Up With Businesses That Have Breaches

While data breach can be an expensive and complex recovery proposition for your company, there’s one area that you may never fully repair: customer trust. Customers are indicating that they’re more motivated than ever to terminate their relationships with firms that can’t keep their data safe – and that’s bad news for the 49% of companies that will experience a data breach this year. 

While that number is high (and continues growing) there’s one sure-fire way to reduce your risk of joining the club. That’s good news for your business because a recent cybersecurity poll determined that customers are 84% less likely to do business with a company that’s been breached. 

The secret? Security awareness training. Engaging in regularly updated security awareness training including phishing resistance training is crucial for reducing your risk of having a cybersecurity incident. Adequate cybersecurity awareness training reduces your chance of a disaster like a data breach by up to 70%. 

That’s why we make sure that we’re constantly updating the content in BullPhish ID, like adding 4 plug-and-play phishing training kits every month. Studies show that the maximum length of time for employees to retain cybersecurity training is about 4 months, which means that we’ll have plenty of campaign kits (including COVID-19 threats) available for your staff when you launch your next cybersecurity awareness training initiative.

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