APAC CIO Outlook Scam

How to Identify and Overcome Enterprise Scams in APAC | APAC CIO Outlook

According to APAC CIO Outlook, Scam and cyberattacks are escalating in recent years, and consistent with Cisco’s predictions, 53 percent of recent cyber attacks have led to companies spending quite $500,000 to beat the consequences .

General Threats in Enterprises

According to APAC CIO Outlook, scams and cyberattacks are escalating in recent years, and consistent with Cisco’s predictions, 53 percent of recent cyber attacks have led to companies spending quite $500,000 to beat the consequences .

As people use social media, they’re sharing personal and business information on these media. Cybercriminals are taking this as a plus to focus on consumers and infect their devices with viruses.

Cybercriminals are now targeting users with business emails. they’re now easily launching their attacks via email on unsuspected individuals and organizations using the knowledge found on social media. Emails became an important a part of personal and business life . it’s now used for all kinds of communication and sharing of data for both daily correspondence and highly precise documentation.

Email scam may be a common technique for ransomware network infection. consistent with a PhishMe report, 93 percent of all phishing emails contain ransomware, and it’s important to coach organization security personnel to handle spam emails safely. Fraudsters steal sensitive information like credit and open-end credit details, login information or infect the device of victims with security attacks like malware and phishing. In recent days, man-in-the-middle (MitM) attacks also are on the rise; these sorts of attacks happen when attackers enter a two-party transaction. Attackers can filter and steal data once traffic is interrupted. Authentication is that the most leveraged method for data security. so as to access systems, users must provide a password, code, biometric data or the other sort of data to verify their identity to be granted with authentication.

Machine learning technology helps organizations to guard from cyber threats. It helps security analysts by predicting the behaviors of viruses or malware. to spot the fragments of evidence, machine learning makes use of algorithms at the initial stage of attacks. Smaller organizations realize that they have to be as ready with cybersecurity as large organizations; it’s not an IT problem, but a more significant challenge for each organization. The sophistication within the cyberattacks will still increase, and organizations must prepare themselves and use technology to combat the ever-increasing security challenges.

Tips to strengthen Enterprise Security

Cyber-threats or cyber-attacks are the worst nightmares an IT company can have. According to a recent Fortinet Threat Landscape Report, Android-based malware represents 14 percent of all cyber threats. In addition to direct attacks, the number of compromised web sites, email phishing campaigns, and malicious access points have grown exponentially, which has infected unsuspecting users — regardless of their devices –with spyware, malware, compromised applications, and even ransomware.

Most of the companies nowadays allow their employees to access critical business apps or software, using their personal devices. The risk to an organization increases, if any of the personal device of these employees gets compromised. Therefore it is important to have cybersecurity awareness programs that provide insight into how these threats can be avoided effectually.

Use Strong Passwords

Common mistake users make is, keeping the exact same password for their online accounts, maybe to remember them easily. In such cases, it becomes easy for the hackers to have access to all the accounts a person uses. Hence, it is advisable to have unique passwords for different accounts and keeping them in a password vault, which again should be highly secured. To even have more security, one must resort to a two-step authentication process. Though it increases the log-in process, it makes the process more secure.

Monitor Social Media

Hackers or criminals usually want to make the attack more personalized by alluring the victim to click on a link. And the most common and obvious place for them to gather information is social media sites. The easiest way to avoid that is to set up strict privacy controls that allow only selected persons to see your page. Individuals opening a social media account must be careful in selecting who they want to visit their accounts. And even if you know the person, first check to see if he or she is already a friend because there can be a possibility that their account is hijacked.

Beware of Public Wi-Fi

Places of public gatherings are most vulnerable to Wi-Fi attacks. While most of the public Wi-Fis are safer, criminals can always broadcast their devices as a public access point. When a user connects to those devices for the internet, the criminals have access to all the data moving between the victim and the third parties. Hence, it’s a good practice to turn off Wi-Fi in such places unless required. In an emergency, they should verify the SSID of the location. Installing VPN software ensures secure and encrypted connections.

News Source: 3 Simple Tips to Strengthen Cybersecurity

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