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.
Hello, everyone! Welcome to new webinar at “Tea Time With Demakis”. In this webinar we will be talking about 10 Uncommon Cybersecurity Threats you need to avoid. The Cyber World or the Internet is a vast place where the sharing of data has its pros and cons. We all know the pros as our lives are now much easier, thanks to the Internet. However, not many of us are aware of the external cyber threats that go hand in hand with data Cybersecurity Threats.
Learn about Cloud Jacking, The threat to IoT Devices, Deepfake, Mobile Malware, 5G-to-Wi-Fi Security Vulnerabilities, Insider Cybersecurity Threats, Application Programming Interface (API) Vulnerabilities and Breaches, Email Initiated Infections, User-Initiated Website Visit and DDoS.
If you’d like to learn more about Cybersecurity threat mitigation for your business, contact us here at Demakis Technologies.