Data Breaches & The Dark Web

Not 'If Your Network Is Breached,' - but WHEN

Data breaches are a REAL threat that you should plan for. Do you take that advice seriously? A lot of businesses don’t, which is alarming since SMBs have a higher susceptibility of being successfully breached, in comparison to larger corporations! There is a lack of knowledge and wherewithal to plan for varying attacks, but you can take small steps to mitigate exposure to the threats before they gain access to your network.

Ask yourself these questions:

–        What monetary value is at stake if my business is successfully is hit with a cyber-attack?

–        Could I detrimentally affect the lives of my customers if their information gets into the wrong hands?

–        Would my business go bankrupt because of an attack?

Think about it this way. When it comes to experiencing a data breach, the odds are as high as 1 in 4. Therefore, you must understand the probability of being attacked, how your business could be affected – and even more importantly, which factors can reduce or increase the impact and cost of your data breach.

You have to compare the cost of preventing an attack versus recovering from an attack. What is the value you put on protecting your network with the most up to date security offerings? Once you have responded to the questions above, this answer should be clear as day.

A good place to start is to see whether your credentials (email and passwords) are on the Dark Web. If you have been compromised, we can assist your business. If nothing turns up, you’ll have peace of mind and can take preventative actions. I would like to offer you. Take the next logical steps to robustly protecting your network!

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The Important Role Of Cyber Security

As technology continues to become more common in the workplace, so too are threats of cyber-attacks on your company. Organizations of all sizes are susceptible to cyber threats, with small and medium sized companies serving as the principal targets. In this now ever-changing online workflow, it is important to understand not only the role of cyber security, but also the impact cybercrime may have on your company if left unprotected.

Why Is Cyber Security Important?

As an employer, you’ll naturally want to protect your company’s sensitive data. But what about the personal information made available from your employees? Credit card numbers, Social Security numbers, emails and passwords. These are all targets cyber criminals look to capture when executing data breaches. With the rise of cloud services now leading the way in storing sensitive data, you’ll want a system that both works for and protects you and your data.

After securing personal information through a series of data breaches spread out over what could be multiple years, hackers stand to make a fortune selling your information on the dark web. The criminals who buy this information often times do so with the intention of stealing identities.

However, identity theft isn’t always the goal for cyber criminals. A cyber-attack may aim to compromise your data integrity. In other words, a hacker may attempt to change or destroy company data in order to create distrust and conflict within on organization. Without the proper means of security, it is only a matter of time before hackers find their way into your most sensitive accounts.

What Is the Potential Impact Of Cybercrime On A Company?

A lack of cyber security could lead to an increase in damage to your company, including:

  1. Attacks to Your Reputation – As mentioned above, hackers have the ability to change or even delete data once infiltrating your system. This could cause consumers to stop trusting your business, a poor media reputation and even a decrease in future business.
  2. Economic Loss – The cost to repair a damaged or breached security system could be quite expensive. Not to mention the theft of intellectual property and corporate information that may have also been stolen by hackers.
  3. Fines – That’s right. If your company were to get hacked and have a client’s sensitive data stolen, you could very well be on the hook for a civil lawsuit.

No matter the size of your company, it’s important to train your employees on the importance of online safety. Cybergate IT also provides vulnerability assessments to determine how your organization matches up against cyber-crime, and where best to prioritize security measures.

How To Keep Your Company Safe Online

There are many different measures you can instill to protect your company and employees from cyber-attacks.

  1. Educate Your Employees – All levels within the organization should understand the importance of online security. Familiarize them with phishing scams and emails and train them on what to do when they encounter suspicious activity.
  2. Keep Software Updated – Software companies will release updates that increase security measures. If you aren’t updating your software, you may be leaving your organization open to attacks.
  3. Strengthen Password Policies – This can be a companywide policy. A minimum of 8 characters, having a mix of both upper and lowercase letters, numbers and symbols helps to prevent theft. To increase security, change passwords at least once a month.
  4. Contract Cybergate IT – Our Cyber Security Threat Detection Bundle is an essential package that protects companies online. We perform a dark web credential search for your business, network vulnerability test, as well as a cyber security assessment. We also provide onsite consultation after these are performed to discuss results.

Cyber crime is only a headache if you allow it to be. Contact Cybergate IT to talk over security options and plans for your company today!

Cybersecurity company finds classified NSA, Army data online

“A cybersecurity company said Tuesday it found top secret files related to classified Army communications systems sitting unprotected online for anyone to see.

The data belonged to the U.S. Army’s Intelligence and Security Command, a division of both the Army and the National Security Agency. It’s the latest known setback linked to the NSA where former agency contractor Edward Snowden disclosed a cache of classified material in 2013.”

Read more details here.

Author: Deb Riechmann

FedEx Grapples With TNT Express Cyberattack: Time to Dump?

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“FedEx’s operations have been severely hurt by the Jun 27 cyberattack on its subsidiary, TNT Express. The attack caused large-scale service delays on its TNT Express unit. Evidently, the company’s top line in first-quarter fiscal 2018 was affected, primarily due to decreased volumes at TNT Express. First-quarter results were also hampered by Hurricane Harvey. In fact, the company incurred costs of approximately $300 million during the quarter due to the catastrophe.”

Read more details here.

Author: Zacks Equity Research

Guarding the firewall: Ensuring cyber security for small businesses

Phishing, scanning/probing, website intrusions and defacements, virus/malicious code, ransomware, Denial of Service attacks, and data breaches are some ways in which hackers attack business websites, which can cause operational disruptions and potentially steal sensitive information.

Small and medium businesses (SMBs) , unfortunately, have been seeing rising incidences of cybercrime. Growing digitization of business assets and access to sensitive customer information, while driving rapid improvements in business, are also making them more vulnerable. Shops, clinics, community centers, and small manufacturers have all been attacked in the recent past. In fact, 70 percent of cyberattacks occur at organizations with lesser than 100 employees. Reports also say that half of the attacked small businesses close down within six months as a result of the loss of customer loyalty and reputation.

For a list of must-have cyber security measures for SMBs, click here.

Contact your local Cyber Gate IT vCIO to learn more about how we can help you safeguard your business.

Author: Nikhil Arora

U.S. Government issues alerts about malware and IP addresses linked to North Korean cyber attacks

US-CERT, the Department of Homeland Security team responsible for analyzing cybersecurity threats, has posted a warning about cyber attacks by the North Korean government, which it collectively refers to as “Hidden Cobra.” The technical alert from the FBI and Department of Homeland Security says a remote administration tool (RAT) called FALLCHILL has been deployed by Hidden Cobra since 2016 to target the aerospace, telecommunications and finance industries.

FALLCHILL allows Hidden Cobra to issue commands to a victim’s server by dual proxies, which means it can potentially perform actions like retrieving information about all installed disks, accessing files, modifying file or directory timestamps and deleting evidence that it’s been on the infected server.

The FBI and Department of Homeland Security also posted a list of IP addresses linked to Hidden Cobra. The FBI says it “has high confidence” that those IP addresses are linked to attacks that infect computer systems with Volgmer, a Trojan malware variant used by Hidden Cobra to target the government, financial, auto and media industries.

For more details, read here.

Author: Catherine Shu

Hackers ‘take over Boeing 757’ as it’s sitting on the runway, without the pilots realizing

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Security researchers have shown off alarming hacks where they ‘take over’ cars – but a new demonstration may be the scariest yet.

Security researchers from America’s Homeland Security were able to remotely ‘hack’ a Boeing 757 while it sat on the runway, without the pilots being aware.

For more details, read here.

Author: Rob Waugh

SMEs and Cyber Attacks: What you need to know

According to Technopedia, “A cyber attack is a deliberate exploitation of computer systems, technology-dependent enterprises and networks. Cyber attacks use malicious code to alter computer code, logic or data, resulting in disruptive consequences that can compromise data and lead to cyber crimes, such as information and identity theft.”

Why are some SMEs Targets for Cyber Attacks?

Poor security and a lack of awareness training can leave SMEs ill-prepared for attacks, making them easy targets for cyber criminals.

The threat of cyber attacks is ever-present and isn’t going away. Methods are becoming more sophisticated and ever-increasing connectivity means there are more opportunities for cyber criminals than ever. The risks to businesses are severe: a cyber attack can impact your bottom line, your reputation and even your ability to continue operating.

Check out the link below to find out why small and medium businesses should be concerned and how an attack could happen.

For more details, read here.