We continually see cybersecurity popping up in our newsfeeds, but why? The cost of being attacked has increased, a price many companies can no longer afford and have instead redirected their focus into preventative measures.
Last year, Cybercrime Magazine said cyber-related crimes would likely cost $10.5 trillion by the year 2025 from the reported $6 trillion.
What are the most common cybercrimes?
- Phishing
- Ransomware
- DDoS
Ransomware
This isn’t a new concept, but cybercriminals are now more aware just how far businesses are willing to go to protect their data, including paying a criminal to get it back. According to Malwarebytes, April was the most notable month for the emergence of ransomware groups.
- Onyx—many believe this group is a data wiper rather than ransomware because instead of encrypting data files, they destroy it.
- Mindware—appeared in mid-March using a well-known ransomware strain and practice double extortion
- Black basta—appeared in April and made 11 successful breaches in a short span of time.
Solution:
Cynet has some of the most thorough ransomware protections currently on the market. Through their Cynet 360 AutoXDR program, it provides round the clock protection utilizing ream-time memory protection, real-time file filtering, critical component filtering, detection technology.
Phishing
An average of 85% of emails are sent to the spam box on a daily basis, with potentially harmful material. Google’s analytics team blocks 100M of those emails daily, but about 18M manage to escape the filters. Unfortunately there isn’t a smoking gun to preventing phishing, it’s more of a multilayered system to prevent this from occurring.
Solution:
Training
This is something that has popped up a lot. Training employees on what to look out for. 95% of breaches are caused by human error. If every employees was equipped with basic knowledge of these traps, it would save their companies a lot of money and headaches.
Secure email gateway
It monitors inbound and outbound emails, scanning for malicious content. This system operates behind the scenes and acts as a pair of eyes. SEG detects any spam, phishing or malware threats, it blocks the email so that it never reaches its intended recipient.
While this system is effective at blocking spam and traditional phishing attempts, sophisticated spear-phishing attacks are able to evade them by impersonating known trusted senders. To defend your data against internal threats, you need to implement a solution that protects each user at an individual level.
Distributed Denial of Service Attacks (DDoS)
This type of attack occurs when an attacker floods a server with internet traffic to prevent users from accessing connected online services and sites. While firewalls are intended to detect and prevent these types of occurrences, criminals are capable of using compromised devices to work around this. This behavior was increased by 75% since the start of covid, which forced many people online.
In 2022, there has been a spike in DDoS attacks from the previous year. According Lumen Technologies, formerly known as CenturyLink, they have received a 66% increase in DDoS attacks this year. 97% of those targets have gone after the below industries the most.
Top industry targets for DDoS attacks:
- telecommunications
- gaming
- software and technology
- hosting
- government
Solution:
Anti-DDoS and networking security solutions. The intent is to protect enterprises from various types of both DDoS and botnet attacks. Botnet is essentially a network of compromised computers and devices that have been infected with bot malware and are controlled by hackers.
For more information on how we can protect you, please contact us today.
