In this post, we’ll discuss cybersecurity in 2021. Specifically, we’ll address the top three threats to security you can expect this year:
But we’ll also show you the top cyber threat prevention strategies, including:
Building a cybersecurity team
So if you want to learn which cyber security threats and solutions you’ll come across in 2021, this article is for you. Let’s begin.
Top cybersecurity threats in 2021
The disruption following the outbreak of COVID-19 and the New Normal in business proved to be a serious threat to cybersecurity in 2020.
Let’s explore what we believe to be the top three threats to your assets this year.
Social engineering emerged as one of the top computer security threats in 2020. In fact, one-third of all corporate security breaches last year included some kind of social engineering techniques. As businesses shift to a less secure work-from-home reality, these attacks will only persist in 2021.
Cybercriminals will use psychology and one or more social engineering strategies to convince people to freely give up money, information, or access to company networks. Typically, these tactics include:
The main way of preventing attacks in 2021 will involve a combination of:
cybersecurity training for employees
using tools that can detect these attacks
upgrading security systems at remote locations
Cloud computing vulnerabilities
As organizations go remote, even more of them will turn to cloud technology to support their remote operations. In fact, an additional 35% of companies plan to migrate their processes to the cloud in 2021. To reduce overhead, a lot of businesses had to subscribe to public clouds. This had, however, exposed the vulnerability of cloud computing.
Not enough companies had invested in cloud security. Cyber attackers used this opportunity to target cloud providers to access corporate networks and steal data. So one of this year’s challenges will be finding network security issues and solutions that raise the security of the public cloud.
In 2020, a lot of organizations had to adopt third-party software to accommodate remote work. For example, just the top 30 e-commerce companies in the United States connected to 1,131 third-party resources. But not all of these assets are 100% secure. If one SaaS solution is compromised, it can expose the entire ecosystem.
Cyber attackers can use these vulnerabilities as gateways to other domains and wreak havoc on businesses. In fact, a breach via third-party software in 2020 costed $4.29 million on average.
Top cybersecurity solutions in 2021
Preventing cyber threats will be the goal for organizations this year. Thankfully, new solutions to cyber security threats and innovations are already emerging.
Here’s our pick of the top cybersecurity solutions you can expect to see in 2021.
At the moment, cloud technology represents one of the greatest vulnerabilities for businesses. Among these, data loss presents a serious problem for companies in the remote environment. To offset the risks of data loss due to attacks, companies are turning to cloud backup.
Cloud backup services can automatically copy critical data to offsite cloud storage servers. The benefits of cloud backup include large storage capacities and affordable prices. In combination with a distributed cloud, you can raise the security of your cloud network.
This won’t prevent attacks, but the advantages of cloud backup will ensure your data remains safe across the entire business ecosystem, regardless of what happens.
Detection and not just prevention may be the biggest trend in cybersecurity in 2021. Already, systems are emerging on the market, including:
Cloud Security Information and Event Management (Cloud SIEM)
IT teams could potentially integrate Cloud SIEM and SOAR and use these tools to hunt for hackers before they can attack.
On the other hand, they could also adopt UEBA and use the tool to detect threatening behavior usually associated with cyber attacks.
Security talent acquisition
Who currently handles your cybersecurity?
As more companies move data and processes online, one of the best solutions to cybersecurity threats is talent acquisition. Specifically, cybersecurity experts can implement a security framework and ensure the safety of the entire tech architecture of your company.
From remote server maintenance to integrating Edge IT solutions to devices, having a security team on hand may be the most cost-effective investment you can make in 2021. Best of all, you can secure talent by outsourcing to a provider. In doing so, you’ll not only reduce the cost of onboarding but also minimize overhead.
How to mitigate common cyber attacks in 2021?
One thing is sure: cybersecurity should be at the top of your agenda for 2021. But if you don’t have previous experience, it can be hard to know where to start.
We can help you with that. Using our managed services will give you peace of mind, so you can do what actually matters – growing your business.
In this post, we’re going to talk about the most common social engineering attacks and different ways of stopping them.
We’ll also explain:
What is social engineering?
Why do social engineering attacks happen?
What do these attacks impact?
Worst cases of online social engineering.
So, if you want to know the most effective ways of protecting your company from widely spread social engineering attacks, keep reading.
What is social engineering?
Social engineering represents malicious (online) activities that trick people into revealing confidential information or providing access to resources (usually money).
RPA (robotics process automation) can be one of the solutions to this problem, as it can perform different manual tasks such as accounts validation and verification of incoming mail.
Examples of top social engineering attacks
Cybercriminals have learned various ways of convincing people to transfer money, provide information, or download a file infected with malware. Five of the most common social engineering attacks are:
One of the most common types of social engineering attacks. Attackers use emails and text messages that contain links to malicious websites, or attachments with malware. It is hard to ignore these cyberattacks because they create a sense of urgency, curiosity, or fear among victims. In 2016, Verizon Enterprise reported that 30 percent of phishing emails were opened by the recipient and 13 percent of those clicked on the link or attachment.
Spear-phishing targets specific individuals or enterprises. These attacks are much harder to detect because the email is signed and looks like one a victim would normally receive from their IT support, for example. As a test spear-phishing attack, a security consultant pretended to be an IT engineer. He found out that 85 percent of employees whom he contacted gave out information which he had requested. In one of the biggest social engineering attacks – Carbanak -attackers managed to record how the company’s system works and steal almost $1 billion dollars.
Cybercriminals use physical media (flash drives with labels like “payroll list”) or online forms (appealing ads) to lure users into a trap. Those items seem beneficial but are actually loaded with malware.
This type of attack often comes in the form of popup banners and alerts on the web browser. Users think their system is infected with malware, and they install software that should help them, but, in reality, is malware itself.
The attacker usually pretends to be a co-worker, company supplier, police, or bank official. In that way, attackers can easily get users to believe them and steal security numbers, personal addresses and phone numbers, or bank records from them.
The challenges of social engineering security
Social engineering incidents happen because of mistakes made by people. There are three top challenges of social engineering security are:
Attackers use fear, stress, and anxiety that comes with filing taxes, for example, to send emails to victims stating they are under investigation for tax fraud.
Cybercriminals use events and news to take advantage of human curiosity. They trick people into opening emails by offering leaked data about a current trend or topic. For example, when Robin Williams passed away, a phishing message invited users to click a link and see an exclusive video of him saying his final goodbye.
An example of this is when an email is sent out to the staff requesting an accounting database password to ensure the manager pays everyone on time, and employees take the bait and send it believing they are helping out.
How to stop social engineering attacks
There are different ways to stop these attacks from happening. Some of them are simple but go a long way in protecting your company.
Don’t open emails and attachments from suspicious sources. If you don’t know the sender, don’t open it. If you know them, but are suspicious about the request, check and confirm they did send it before acting on the request.
Multi Factor authentication can protect your account in case of an attack.
Implement modern antivirus/anti malware software. It can identify and remove malicious emails before they reach an employee’s inbox.
How to prevent employees from avoiding security protocols
As a way to prevent employees from avoiding security protocols you should:
Create security policies that clarify whom employees can share information with and how.
Create official channels for staff to contact security and IT personnel.
How to train end users to avoid social engineering
Social engineering consequences can be prevented by informing employees and training them to detect and avoid them.
Provide regular security awareness training that outlines common strategies that attackers use.
Training should be personalized – employees should relate to content and situations used in it.
Use simulations and tests to check how well employees are prepared to prevent these attacks.
Today, we’re going to take a closer look at cybersecurity. Specifically, we’ll see the top predictions for this year, and the cybersecurity threats and trends in 2021.
As the world recovers from COVID-19 and enters the new normal, it realizes a lot has changed.
How will those changes affect the safety of your digital landscape? And how will you be able to protect it?
Let’s find out.
Here are five forecasts for 2021 that you should keep track of:
#1 Remote work raises risks to cybersecurity
There is no question that the shift to a work-from-home reality will continue to impact digital security. In fact, a Skybox report revealed that one-third of staff in 70% of organizations will remain remote 18 months from now.
Their dependency on cloud computing, and collaborative tools such as Slack, Skype, and Zoom will continue to be a risk factor. And the lack of sufficient oversight may cause further problems to cyber safety.
Left on their own, employees will put convenience over security first. They’ll use unsecured channels to transfer sensitive data, and personal devices and home routers to handle those data flows.
Without robust IT support, these security shortcuts will continue to pose a threat and a good opportunity for cyber criminals to seek easy targets for maximum damage.
#2 Cloud security becomes the new focus area
As businesses turn remote, the rate of cloud adoption will continue to accelerate in 2021. In fact, 35% of companies plan on stepping up migration to the cloud, according to a survey by Rebyc.
To combat cybersecurity threats and trends in 2021 to the evolving cloud infrastructure, we’ll see companies increase spending on cloud security; which could double in comparison to 2020.
According to Gartner, another trend that may emerge is the “distributed cloud” model. In this hybrid model, businesses will migrate data to both the public and private cloud, which could benefit cloud security in a remote setting.
#3 The threat of Business Email Compromise (BEC) endures
BEC isn’t among the latest cybersecurity threats. But we may see a surge in attacks over the coming months as more people use both their personal and professional emails to conduct business remotely.
And while people may be aware of BEC, working from home makes them vulnerable to this type of attack.
The lack of security and a lax attitude of employees at their remote offices makes them the ideal targets for cybercriminals.
In such an environment, it’s easy for attackers to replicate known sources. They can then send seemingly legitimate requests and scam people to freely hand over money or data, and in doing so, exploit the general negligence of the remote workforce.
Using IT security services can help you prevent BEC attacks, and safeguard your business.
#4 Death by cyber-attack could become a possibility
Future cyber security threats may evolve with real-world implications, as human lives are placed at risk from cyber-attacks.
Last year in Germany, a homicide investigation followed a cyber-attack in a hospital in Düsseldorf. The attack caused a systems shutdown which may have been the reason for the death of a patient there.
It’s still unclear whether the investigation will lead to prosecution. But if it does, it will be the first registered case of someone dying as a direct result of a cyber-attack.
#5 Detection, not just prevention or protection
Despite these increased threats, new hope may arrive for cyber-defense. In 2021, we may see renewed interest in systems that detect cyber-threats, not just those that prevent them or protect you from cyber-attacks.
One such detection technology trend is Cloud SIEM (Security Information and Event Management). With SIEM tools, IT teams could potentially use the system to hunt for attackers and expose them before they gain access to valuable data.
Businesses could integrate these tools (and others like it) into a broader cybersecurity ecosystem, as well.
Digital transformation can be a real challenge, especially when it comes to security. And a multifaceted and fragmented technological landscape increases the challenge to secure critical data, intellectual property and brand image – your most valuable assets – safe.
Your environment requires a strong defense line
Tackle the threats and secure critical data
Everything valuable must be protected while ensuring availability to the organization and third parties as defined by you. Any downtime could have a direct impact on revenue and a negative effect on your brand image. Detection and reaction to threats in real-time is as essential to your organization as your managed security infrastructure.
Evaluate your options and your choices
Your growing cloud applications and critical data must be as secure as your on-premise equipment. The diversity of technologies within your infrastructure, from mobile to broadband, makes it hard to ensure the appropriate levels of security. It’s essential to protect your activities from Internet attacks and your internal network at the perimeter. Being tied to any one particular vendor or technology can be hazardous in the fast-paced environment of security.
Never forget the human factor
Security solutions should be user friendly with no impact on anyone’s productivity. They should be easy to manage for your IT security teams and provide secure access to your corporate resources and cloud applications. Your mobile fleet needs protection from the many emerging forms of attack that only an advanced detection mobile solution can provide.
If you’d like to learn more about cyber-threats and how to protect your business and to secure critical data, contact us here at Demakis Technologies.
Has your organization ever had to deal with ransomware, malware, virus infections, or cyberattack? This attack may have seen important services fail and meant employees couldn’t do their work for hours or even days.
It could even have blocked customers from accessing your digital or physical services. There’s a good chance this has already happened to you, given that the number of reports of cyber incidents has never been as high as it was last year.
The damage cyberattack does to organizations ranges from unauthorized access via a relatively simple hack to large-scale theft of sensitive data, resulting in prolonged downtime. Effective recovery costs a lot of money and damages the confidence of your customers and investors. Whatever happens, don’t let a cyberattack destroy your organization. Prevention is better than cure, but if it does happen, it’s important to act quickly and limit the consequences.
The Challenge for Companies
As an organization, you must always be able to count on having structurally secure access to all customer data and business-sensitive data, while at the same time respecting all market-related regulations, legislation, and company policy. Reducing costs also often plays a major role, especially at a time when IT teams need to do more than ever in terms of innovation, security, and optimization. That is the number-one challenge that CTOs, CIOs, and IT managers face today.
Affected by a Cyberattack?
If something does go wrong and your organization falls victim to a cyberattack, the often already overloaded IT staff work overtime to get the affected services and security back up and running as quickly as possible. These sorts of situations can be a frightening wake-up call, suddenly making everyone aware of the organization’s unexpectedly high vulnerability to cyberattacks.
This is when people start asking: how can we better secure our organization, employees, and customers against cyberattacks? And what’s the most cost-effective solution?
Managed Security Services Providers (MSSPs) provide structural security solutions against cyberattacks, including always up-to-date expertise in the latest cyber threats and appropriate solutions.
What is a Managed Security Services Provider (MSSP)?
Because security threats are becoming increasingly common, many organizations are partnering with a Managed Security Services Provider (MSSP), often in addition to their existing security program. MSSPs provide professional monitoring and management, protecting hardware and data from potential cyberattack.
A Managed Security Service Provider is a third party that manages and implements network security and other forms of security for organizations. This could include:
Blocking viruses and spam;
Detecting intrusion attempts;
Setting up and securing a virtual private network (VPN);
Implementing system changes or upgrades.
In addition, MSSPs continuously monitor the security devices and systems in the organization. Most MSSPs offer a wide range of services, including:
Log monitoring and management;
Managed Security Service Providers generally offer their services in a software-as-a-service (SaaS) model. This means that your organization doesn’t need any extra hardware or staff – and this has a number of major benefits! We’ve listed the eight main ones for you.
Eight major benefits of having an MSSP
1. MSSP lowers costs in many areas
Reduced training costs
Working with an MSSP results in major cost savings on training and ensures IT teams have up-to-date knowledge of cyber security and threats. You benefit directly from the expertise and experience of the MSSP.
Lower staffing costs
You also save on staffing costs. Using an MSSP means you don’t incur any costs for hiring one or more full-time InfoSec professionals. In addition, MSSPs continuously monitor security systems – 24 hours a day, 7 days a week! You can’t even expect that from your best employees.
Lower investment costs
An MSSP spreads the fixed costs of investments in technology over a broad customer base. And as a customer, you benefit directly from these savings. With an MSSP, you save directly on the costs of your own hardware, applications, and experts.
No unexpected costs
An MSSP is the solution to a lot of your concerns, and it makes it clear what you have to do as an organization. After all, managing everything in-house means new rules and guidelines can come as a surprise, resulting in high unexpected costs when you need to hire industry and compliance experts.
2. More time to focus on your business
An MSSP frees up time, so you can work on the things that really move your business forward – no more continuously having to resolve incidents. Your IT teams can reclaim time to focus on developing things, such as new services (innovation), network-related optimisations, business roadmaps, and more.
3. Access to unique expertise and tools
Are your IT staff experts in cyber security? Do they know all the latest developments, techniques, and technologies that guarantee safety? IT security is a unique expertise area that requires continuous training and education. For many organizations, experienced and dedicated staff for IT security are not only expensive, but also difficult to find.
Gaining access to the best cyber security solutions and technologies is a key asset and incentive to start working with a Managed Security Services Provider. An MSSP also provides independent cyber-security advice; this isn’t the case for suppliers of hardware and tools.
One of the main benefits of working with a Managed Security Services Provider is the broad cyber-security expertise it offers, something that many companies don’t have in-house. Outsourcing this to a Managed Security Service Provider means you can be certain that a security expert will protect and manage your data properly. The certified employees of good MSSPs are always aware of developments in industry and in modern cyberattack.
Organizations that place their trust in an MSSP are often more effective at protecting their own organizations than when they rely on their own security teams alone. Of course, this doesn’t alter the fact that both teams have to make proper arrangements about how they communicate with one another.
4. Direct cyber security
IT teams themselves often don’t have time to keep up to date with the best next-generation firewalls or cyber-security topics, such as endpoint protection, phishing, and advanced threat prevention.
The good news is that as a partner of your company, an MSSP always has that knowledge at hand and applies it directly. From the moment an organization chooses a good MSSP, that expertise is immediately accessible: your MSSP is dedicated to ensuring the security of your network, endpoints, and data 24 hours a day, 7 days a week. This is intelligent, always-on cyber security expertise!
5. Automatic detection and fixing of vulnerabilities
An MSSP takes a lot of work off your hands when it comes to detecting and fixing vulnerabilities. An MSSP can:
Structurally detect and reduce vulnerabilities in critical systems;
Proactively predict threats, especially and specifically for targeted cyberattack;
Automatically detect important offensive tactics and methods in critical systems;
Respond effectively and quickly;
Reduce the likelihood of an attack succeeding and becoming an ‘event’ that takes a lot of time to control.
6. Increase action-oriented insight and reduce alert fatigue
Day in, day out, IT professionals have to deal with countless security alerts originating from various security tools used within the company. Research by the Cloud Security Alliance shows that more than 31% of IT security specialists do not respond to these alerts, as most of them are false positives.
In short, alerts often fail in their purpose: they’re either not usable or don’t contain information that could be used to take action. This form of alert fatigue increases the likelihood that actual cyberattack will go unnoticed.
‘Over 31% of IT security specialists don’t respond to security alerts, due to the high number of false positives.’ – Source: research by The Cloud Security Alliance
Many cyber-security solutions cause integration problems when exchanging data, resulting in inefficient and ineffective data silos. MSSPs usually have integrated technical solutions that fully focus on action-oriented alerts.
So if your MSSP sends you alerts, these are hardly ever redundant or unusable.
Most MSSPs use technology of all types and sizes that in-house specialists have integrated over time for businesses. The MSSP therefore offers solutions that avoid situations where IT staff receive endless alerts, while at the same time increasing response efficiency. Moreover, thanks to the insights provided by an MSSP, you can set easily measurable goals for cyber security.
Another benefit is that MSSPs can be scaled perfectly to your needs, and the required security IT infrastructure can be easily adapted. So if you temporarily need extra capacity, you simply scale up. Resources automatically grow with your capacity needs. And if you need to scale back at a later time, you can. MSSPs respond quickly.
8. Good guarantees and fast response times
Good MSSPs offer Service Level Agreements (SLAs) alongside their 24-hour, 7-days-a-week, 365-days-a-year support An SLA contains guidelines for customers on incident response times and guarantees in the event of security incidents.
In short, all potential risks associated with cyber threats are shifted from your organization to a specialized third party, the MSSP.
Cybercrime is evolving at an incredible pace, with even the largest international companies discovering vulnerable points in their security systems. Without proper protection, tracking these threats would take an awful lot of time and energy, not to mention manpower and salaries for qualified in-house IT specialists.
Today’s threat landscape poses a real risk to your sensitive data, profitability, and reputation. IT security is an ongoing activity that requires a clear understanding of how users, customers, and applications access data and how devices are configured. An MSSP is the solution and also provides Regular Cyber Security Assessments.
It’s often the cost that prevents a company from hiring MSSPs. But that’s a misconception. Hiring these providers usually saves your organization a lot of money:
Reducing costs after a cyber-security incident;
Fewer costs for hiring in-house experts and further training staff;
24-hour protection prevents intrusion and avoids costs;
No high investment costs;
Good prior insight into costs;
The insight an MSSP gives into cost savings is crucial.
An MSSP for your organization
Cyber security should support rather than hinder innovation and change. Manageable, flexible, resilient, and responsive protection gives your organization what it needs. If you are looking for best IT solutions for your company, be free to contact us at Demakis Technologies.