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Month: November 2016

Tackling Insider Threat boost your Organization Productivity

Tackling Insider Threat boost your Organization Productivity

There are various security steps that organizations are taking now to stop cyber breaches and theft from outside, but still the risk of data theft lays and that is from the inside of the organization. The danger is from those who are trusted the most.

This is not new as there are a lot of companies which have faced millions of dollars of damage caused by some insiders and it is the perfect time to take necessary steps to ensure stoppage of insider threat.

Proper Screening of New Hires and Possible Attritions: – It is very important to run a background check of the new hires, it may be an expensive task but can easily be outsourced and this small investment can help in securing huge damage.

It is also necessary to keep an eagle eye on the possible attritions especially who have access to the important and confidential information’s of the company.

Physical Security: – This one needs to be on the priority list to do for companies to avoid damages caused by some trusted insider. Limit the access to the restricted infrastructure and files or use advanced authentication system like multi-factor authentication to get access to the data. It will ensure proper security and also show the details of the log used to access the data or file.

It is also suggested that employees in the organization have their individual lockers to store the confidential files of the company they are working on along with CCTV coverage on the same. Restricting use of personal devices like laptop, pen drive, smartphones inside the company premises is also a clever step to avoid data theft.

Strong and Advanced Authentication: – There are many advanced technology available nowadays which can break through any password within few seconds. Using advanced authentication procedure may be an expensive idea like the multi-factor authentication where you can even use biometric locks to secure confidential data but it can save millions of the company.

Direct Monitoring: – Direct physical monitoring of thousands of employee may not be possible, but it can easily be done through CCTV cameras to check about their movement and can also be used as future evidence.

There are different software’s available now which offers keystroke recording, URL visit history and much more which can be used to monitor the activity of employees in their desktop.

Cross Examine the Security: – It’s never too late to start fresh. If you think that all the security measures of your organization are perfect, it is the best time to run a cross check on the same. You can even outsource this activity to any professional and expert third part as thy will be working without any biasedness which will be helpful to find any loophole in the security system.

Employees current or former, business partners and even IT teams of the organization can cause a huge damage of security incidents than some outsiders as these people have all kind of knowledge and information of the business secrets and security layouts. So it is very important to take necessary and strict steps to tackle insider threats.

Small Businesses- A Major Target

Small Businesses- A Major Target

Why do hackers target small businesses?

Small businesses are a major target for hackers as they have more digital assets to target than an individual consumer would have and less security as compared to a larger enterprise. Another major reason why the small businesses are a hot target is because hackers know that these companies are less concerned about their security. According to a survey, 82% of the small business owners said that they are not target for attacks. The problem is that they consider their risk level to be very low, as they feel they have nothing that can be worth stealing. One should understand that the increase in digitization in all aspects of our lives the scope of cyber attacks has grown tremendously.

What are the type of cyber attacks which can affect your business?

It is good to be prepared and prevent rather than facing the after effects, as most of the cyber attacks are recognized after the attack has already taken place. Let us discuss some common types of cyber attacks.
APT (Advanced Persistent Threats) are long term attacks that are targeted to break into a network in multiple phases to avoid detection.

DDoS an acronym for distributed denial of service, occur when the server is loaded with loads of requests, intentionally with the goal of shutting down the target system or pulling down the internet completely.

Inside Attacks, these are the attacks which are taken place from within the organization mainly by those who have administrative privileges, making use of their credentials to gain access to confidential information of the company. The major threat is from former employees of the company who leave the company on a bad note.

Malware are programs induced in the target computer with the intention to cause damage or gain unauthorized access.
Many other form of attacks include password attacks, phishing and so on.

What to look for?

Basic security solutions in the market offer various levels of protection for organizations. Firewalls can be used both software/hardware based to prevent unauthorized user from hacking into a computer system or a network. Data backup solutions can be implemented to recover data in case of loss from another location.Encryption software must be used to protect sensitive data such as employee credentials and personal information, customer information and financial statements.

Most importantly two factor authentication must be implemented at all platforms to prevent against crimes of password cracking. Two factor authentication works on the principle of what you have and what you know. You have the password and you know the code or OTP (one time password) which you receive on your mobile device only then will you be allowed to login your account.

On similar lines multi-factor authentication uses an additional factor which is usually a bio-metric i.e. a fingerprint, voice or face recognition. These are some of the solutions if implemented would provide a decent layer of protection for your organization.

Biggest Misconceptions about Cyber Threats

Biggest Misconceptions about Cyber Threats

Cyber threats have become very predominant in the digital world. It’s no longer a distant threat. In recent years there has been a significant increase in the frequency of cyber-attacks and many businesses have suffered huge losses and have continued to do so. Every now and then we hear of companies losing million dollars and more due cyber-attacks. But we never hear of the small-scale and mid-sized companies suffering any such attacks, it’s not the case that they are completely insulated to such attacks. They too are equally subject to cyber-attacks and suffer proportionately similar damaging effects.

With advancement in technology hackers too have improved their hacking skills and devised new methods of breaching into the security setups of modern companies. Though many effective steps have been taken to curb cyber crime but it still has prospered due to many misconceptions and myths about cyber threats. Companies and people usually underestimate the threats posed by such attacks and often think that they are well protected against such attacks or are not the targets of hackers. These kinds of misconceptions have helped to hack become stronger and frequent with every passing hour.

Here are some of the main misconceptions about cyber threats that lead to a more vulnerable digital environment for every business in the market:

  • Only Mass enterprises or large business are affected by cyber-crimes is one of the biggest misconceptions about cyber threats. This misconception amongst small and mid-sized businesses leads to a lack of sophisticated security framework which makes them an easier target for hackers.
  • The other leading misconception is when companies undervalue their assets and believe that their kind of business is not a target for cyber criminals because they do not possess anything of great value. Hence, they keep a loose cyber protection setup and fall prey to hacking.
  • The belief that your security framework is 100% hacking proof is a very big misconception among many companies. What companies do not acknowledge is that cyber criminals are continuously honing their skills of hacking and finding new ways to breach into their data. Thus, in a misleading manner companies underestimate the hackers and do not upgrade their security framework regularly.
  • Companies and firms usually think that they can self-insure themselves against cyber-attacks. This becomes a problem when the companies are mid-sized or small scale. They do not comprehend the high costs of cyber-attacks. Data breach leads to defense costs and can cause a rapid increase in costs.
  • Companies generally underestimate the financial consequences of cyber-attacks. They believe that outsourcing their network security and data management doesn’t hold them responsible in case of a data But the law holds them liable in the case of a data breach as they are the original data owners.

Hence, there is a need for better cyber liability policies which can cover the risks usually not included in the cyber insurance policies. Taking care of these misconceptions and improving the cyber protection can help companies stand strong against any kind of cyber threats.

Rise in Payment Frauds with e-Commerce Growth

Rise in Payment Frauds with e-Commerce Growth

This is the era of e-Commerce where the growth rate of online shopping is soaring at an incredible rate. Nowadays everything from a pin to plan is available online and more people are moving towards online shopping with every passing day due to which the rate of online frauds has also taken a big leap. With the advancement of technology and internet services, the cyber crimes have become a big issue for the e-Commerce business.

Cyber theft from bank accounts became more common since the introduction of the credit cards. Even the use of many advanced security features couldn’t put an anchor to these fraudulent activities and since the rise of demand of e-Commerce, the payment frauds has also increased a lot.

So, how to deal with these frauds? Can’t it be stopped?  What will be the future of the e-Commerce growth if these kinds of fraudulent activities continue? The necessary steps need to be taken by both, the e-Commerce business owner and the buyers.

Multi-Factor authentication for Buyers

Multi-Factor Authentication is a big security option for buyers to safeguard their account from any kind of security breaches. It is very easy to get into the bank details nowadays and with the growth of e-Commerce business, the bank details face more threat to get exposed to the fraudsters. So, in this case, multi-factor authentication ensures complete protection of the account so that no one can get access without individual consent.

Different Protective Steps for the e-Commerce Business

E-Commerce is a great way for the small business unit to grow in this competitive market, but the increasing fraudulent activities have put a big question mark on the future of this. Businesses now need to approach for more sophisticated security ways for fraud detection. Below are the few simple recommended steps: –

  • Compliance: – PCI Compliance Guide is a critical step to protect the business. The standard set by the Payment Card Industry’s Data Security Standard (PCI DSS) ensures the protection of all online business and their customers from any kind of cyber breaches.
  • Strong Credentials: – If the e-Commerce platform requires the customer to create an online profile then ensure about strong passwords to minimize the frauds. Use of password strength checkers is also a good option.
  • Updated Software’s: – The cyber frauds and thefts are always done with some superior and advanced technologies as they can easily suppress the less sophisticated security systems. So as a business, keep your each and every software updated at regular intervals. Whenever required purchase new software updates to make the life of the fraudsters more difficult.
  • Keep a track of the orders: – Every business has their own particular customer base. So whenever there is any kind of unusual orders like bulk orders or orders from a different place or country comes up, it is suggested to do a double check on the customer.
  • E-Commerce Platform: – For a secured business, it is essential for the e-Commerce business to choose the perfect e-Commerce platform to run the business which will help to minimize the online frauds. There are numerous e-Commerce platforms available in the market, so choose from the best after comparing then and which suits the business type the most.

There are many other fraud protection ways which can be used. This can’t ensure complete eradication of cyber frauds but it defiantly provides a security shield against them.

Guard yourself against Phishing Scams- Two factor Authentication

Guard yourself against Phishing Scams- Two factor Authentication

Junk and spam emails are common things in our mailbox, but sometimes there are emails that we receive which are from some of the known places like the bank or institutions or any others with which we are somehow interrelated and it is common for us to read those emails and reply to them. But beware; this can also be a part of phishing scams.

What is Phishing Scams

Any fraudulent emails showing as coming from some legitimate sources like your office, bank, university or any others are phishing scams. These emails will direct you to illegitimate website or ask for your private information’s like credit card details, email id password, bank account details and others to commit identity breaches.

The emails from phishing scams come with a strong and urgent message stating to reply at once and induce panic for any kind of inconvenience like account getting blocked or others.

Types of Phishing Scams

The types of phishing scams have emerged in various types in modern days. The types vary from each other in terms of objectivity, kind of forgery and their complexity.

  • Spear Phishing: – Any attack planned and directed to any individual, roles or organization is known as “Spear Phishing”. As these attacks are directed to individuals, so the attacker goes to the extent of collecting personal information’s about the person in details making the attack more trustworthy and increases the success rate.
  • Whaling: – This is a part of spear phishing only and this describes the type of phishing attacks which are skillfully directed to significant officials of any company, government or business. They are high-profile targets
  • Deceptive Phishing: – Deceptive email message has become the most common broadcast method of phishing scams. Various messages like to verify account information, free services asking for quick actions and others are broadcasted to a wide group with a chance of getting a positive response.

Above are just few from the lot, there are various types of phishing scams which are coming out in every passing day.

How to Protect from Phishing Scams

The most basic step to protect from phishing scams is to verify the source of any mail which is asking for confidential information. Usually, confidential details like account information and password should never be shared via emails.

Secondly, avoid opening any malware links and registering to them as no one is going to pay millions in the lottery without buying the same.

Two-factor Authentication- Strong Way to Avoid Phishing Scam

Multi-Factor or Two-Factor authentication is the best way to avoid the trap of phishing scam as it will require additional authentication factor to get access to the confidential details or accounts. So even with password or pin, it will be a difficult task to get the required particulars without the additional authentication details which will be only known to the legitimate person.

Two-Factor authentication is a great way to secure confidential details from phishing scams and also various other cyber breaches.