Cybersecurity Trends to Watch for 2022

Bineesh Mathew | November 29, 2021 | 12 views

Cybersecurity Trends to Watch for 2022
No business can take cybersecurity for granted. Cybersecurity threats can put your business on hold or even jeopardize it. Cybersecurity trends of 2022 reveal that online security threats will be more severe in the year. However, companies are going to be more aware of the fact that they should do something to mitigate the breaches. This awareness would result in an increasing demand for cybersecurity products.

As new technologies evolve, the world is more digital; cybersecurity threats are increasing. Online fraudsters are inventing new ways to get into businesses and steal data. In addition, as the pandemic has caused firms to opt to work from home, the cybersecurity threat has been amplified. This is because the employees are not taking adequate measures to get rid of online fraud at home.

“As the new normal of hybrid work takes shape, all organizations will need an always-connected defensive posture and clarity on what business risks remote users elevate to remain secure.”


-Peter Firstbrook, VP Analyst at Gartner.

Cybersecurity- a Collective Responsibility

Cybersecurity is not just the responsibility of the IT team but a concern for everyone. As a fact, companies have to focus on providing training and awareness to handle suspicious activities. For example, according to professionals, trained employees are unlikely to click on a phishing email compared to those without training on cybersecurity essentials.

According to cybersecurity trends in 2022, there will be an increased rate of cybersecurity awareness among employees and the top management of companies.

Cybersecurity Trends in 2022

New and sophisticated cybersecurity solutions also come to the market as technology improves. This helps companies prepare themselves to cope with the latest cyber security threats that come with the evolution of technology. This is important as cyber criminals also utilize new technologies to invent more unique ways to hack and make money.

As a result, it is better to be aware of the new cybersecurity trends of 2022 than to wait. This will prepare you to mitigate cybersecurity threats by leveraging the latest cybersecurity solutions.

Let us have a look at the top cybersecurity trends of 2022.

Phishing to Remain as the most Prevalent Cybersecurity Issue

At present, phishing is the most prevalent security issue that affects businesses. Unfortunately, many people usually respond to phishing emails unaware of their danger.

According to the data breach investigations report of Verizon in 2019, 32% of the data breach was phishing.  In 2020, there were around 60,000 phishing websites on the internet. It was also found out that one in every eight employees shared information on those phishing sites.

Thus, cybersecurity professionals say phishing is expected to remain prevalent in the coming years, including 2022.


AI-Powered Cybersecurity

Artificial Intelligence and Machine Learning have made cybersecurity protocols less expensive and accessible. AI can respond to attacks by anticipating them. AI creates patterns using an extensive database and uses different algorithms to regulate.

Machine Learning enables cybersecurity solutions to help identify risks and predict cybercriminal behavior. This cybersecurity trend of 2022 will allow companies to detect and mitigate risks and challenges quickly.

Healthcare to be Targeted More

It is projected that hackers and other cybercriminals will continue to focus on healthcare. As a result, data breaches are the leading cybersecurity incident within the industry. For example, during the transition period between 2015 and 2020, the number of healthcare records exposed was 157.40 million. IBM says that this kind of data breach can cause a lot of significant losses to healthcare organizations.

Hackers focus more on the healthcare industry as patient data has commercial value. This trend from 2021 is expected to continue as a cybersecurity trend in 2022. Thus, top management in hospitals has to look at strengthening healthcare cybersecurity.

WFH Cybersecurity Challenges

Due to the onset of the pandemic, organizations have made their employees work from home. Almost all companies around the world are continuing this practice. The trend shows that the WFH will continue after the pandemic too.

However, the problem with this promising practice is that it brings many security challenges. This is because remote employees are less likely to leverage ample measures to mitigate cybersecurity when using company properties or accounts.


Growth in Cybersecurity Awareness

Organizations have realized that the cost of cyber threats and their damage is enormous. Even companies may have to shut down operations due to severe threats.

Due to this fact, companies have started conducting cybersecurity awareness programs for employees. Therefore, it is expected that, by 2022, there will be a growth in cybersecurity awareness. This will contribute a lot in helping companies mitigate risks quickly.

Summing Up

Cybersecurity threats can jeopardize your business. It can pull your business into an irrecoverable state. So, it is better to be aware of it, especially the latest developments in cybersecurity. Being aware of the cybersecurity trends of 2022 will help you be mindful of the risks quickly and mitigate them in time, saving you from cybersecurity threats.

Frequently Asked Questions

What is the most significant cybersecurity trend in 2022

Organizations have to be aware of many cybersecurity trends in 2002. Among these, the most significant cybersecurity trend is targeted phishing attacks. This is because most people are not able to recognize phishing e-mails.

Why the need for cybersecurity trends?

Being aware of cybersecurity trends helps companies recognize the threats quickly and take the necessary actions. In addition, it allows companies to use proper technologies to mitigate threats.

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Top 5 Endpoint Security Solutions for Business

Article | April 11, 2022

“As more of our IT resources shift to the cloud, and more workers become mobile, the importance of endpoint security increases” -Elliot Breukelman, Senior Information Security Engineer, Land O’Lakes, Inc Endpoint security is a must to secure your business against cyber threats, but it is challenging for companies to implement and maintain it. According to Small Business Administration research around 88% of small business owners think they face cyberattacks. Two significant factors contribute to this challenge: The amplified use of mobile phones and tablets for office work The rapid growth in the number of remote workers These factors make it difficult for businesses, especially SMBs, to manage IT security. So, the question is how the businesses will address the issue? The answer to this question is endpoint security software. This endpoint software protects all your servers, computers, and mobile devices, which are collectively known as endpoints, from cyberattacks. Different features of endpoint security products help businesses meet diverse requirements. For example, some companies manage thousands of endpoints using endpoint security solutions, while others might want to use threat hunting tools. Solo entrepreneurs and companies with their own SOC (security operations center) can utilize the best endpoint security software to safeguard their IT systems. Check out the list of the best solutions below that meet all your endpoint security requirements. The Necessity of Endpoint Security Solutions for Businesses All businesses need endpoint security software to protect computers and other IT assets from various cyberattacks. Cybercriminals think SMBs are easy targets; they are particularly vulnerable to cyberattacks than different types of businesses. Furthermore, as cybercriminals sophisticate themselves as technology improves, companies cannot think of running a business without endpoint security solutions. Cybercriminals wreaking havoc on IT systems and stealing your data can be effectively stopped using the best endpoint security software. Find yourself in peace with the below listed advanced top 5 endpoint security solutions that can help you mitigate any cybersecurity risks. Top 5 Endpoint Security Solutions for Businesses McAfee Endpoint Protection The McAfee endpoint protection system includes small business protection through its McAfee endpoint security platform. Also, the company offers a comprehensive range of security products for businesses of all kinds. This platform's threat-prevention capabilities were perfect at blocking malware and zero-day attacks in test situations. McAfee endpoint security comes with essential features, including a firewall and the ability to prevent users from visiting infected websites. In addition, adaptive threat protection (ATP) is one of the standout characteristics of this platform. With the help of ATP, McAfee endpoint security can detect all sorts of malware, even complex threats like file-less attacks. It looks at suspicious activity and decides what to do about it based on the McAfee Global Threat Intelligence network, reputation parameters, and risk criteria. McAfee's ePolicy Orchestrator (ePO) assists IT teams in managing the security of the company.. Set security policies, examine and analyze endpoint status, take action when threats are discovered, and assess the overall health of your company's security with ePO as a central management platform. Kaspersky Endpoint Security Kaspersky Endpoint Security provides adequate and easy-to-manage malware protection for small organizations. Kaspersky Endpoint Security cloud is a preconfigured protection platform designed for enterprises with a small IT team and less than 100 employees. It allows for speedy implementation and continuously checks the security system. Kaspersky's defenses blocked all malware and zero-day attacks in independent tests. Even on older devices, the technique works without affecting computer performance. Reports and a dashboard provide endpoint security information through the platform. For example, you can find out where endpoint security vulnerabilities exist and what threats the platform has prevented. In addition, the monitoring dashboard has a Cloud Discovery tool that allows you to look at how your employees use external cloud services like Google Drive. Microsoft Defender Antivirus Before 2020, Microsoft was known to develop poor antivirus protection. The brand has worked hard to change this reputation. In 2020, the tech giant unveiled a revamped antivirus solution, Microsoft Defender Antivirus, which replaced the existing Windows Defender software. The malware prevention capabilities of the new system are impressive. Over 13,000 malware samples were tested by AV-Test Institute, an independent testing organization. All of them were successfully blocked by Microsoft's solution. It also thwarted all zero-day threats, which exploit software flaws. This is better than the industry average of 98.9%. Avast Business Antivirus Pro Avast Business Antivirus Pro is a feature-rich antivirus explicitly designed for small and medium-sized businesses. It has a free trial version that is completely functional, allowing you to test the breadth and flexibility of this simple-to-use, simple-to-install tool. SMBs and managed service providers (MSPs) who serve SMBs should consider Avast Business Antivirus Pro. SMBs can purchase the management console or the standalone version. All devices have the standalone version loaded and managed from the device. It's a no-brainer alternative for SMBs with OS-agnostic networks, offering different versions for the modern Windows operating systems workstations, macOS, and Windows Server with Sharepoint compatibility. Avast also offers free versions and antivirus for Linux, which are not included in this evaluation. Bitdefender GravityZone Business Security Bitdefender GravityZone Business Security is a robust IT endpoint security solution that caters to the needs of small enterprises. More than 500 million endpoints worldwide are protected by GravityZone, which processes 11 billion queries every day and uses machine learning to assess and improve protection mechanisms. It uses numerous layers of defense to prevent cyberattacks. This strategy integrates machine learning, heuristics, endpoint security analytics, browser-based security, event correlation, continuous monitoring of computer operations, and more to block malware and other threats from getting on the computer and causing harm. The Future of Endpoint Security Endpoint security is essential to run any business online. With the resurgence of ransomware, ignoring endpoint security is a prescription for catastrophe. Malware affects businesses of all sizes' reputations and bottom lines. Endpoint security platforms are used because of their endpoint detection and response (EDR) capabilities, application control, and other features. Possible prospects on the future of endpoint security are: Endpoint security switches to monitoring Endpoint security merges with identity management Endpoint security goes lightweight Summing Up When it comes to supervising workplace security, the correct endpoint security software boosts efficiency and productivity without jeopardizing safety. Endpoint security solutions also have lots of advantages that can help your company grow and thrive. Sensitive data, customer trust, and financial loss can be protected with endpoint security solutions. Endpoint security solutions protect Frequently Asked Questions What do you mean by endpoint security? Endpoint security is a method of defending endpoint devices, such as PCs, laptops, and mobile phones, from threats. What are some of the examples of endpoints? Any device that is physically an endpoint on a network is referred to as an endpoint. Endpoints include laptops, mobile phones, desktops, servers, tablets, and virtual environments. What are some of the types of endpoint security solutions? Some types of endpoint security are Internet of Things (IoT) security, antivirus solutions, endpoint detection and response, URL filtering, application control, network access control, browser isolation, and cloud perimeter security.

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Tips to Protect your Business from Ransomware Attacks

Article | April 11, 2022

“Ransomware is not only about weaponizing encryption, its more about bridging the fractures in the mind with a weaponized message that demands a response from the victim.” - James Scott, Senior Fellow, Institute for Critical Infrastructure Technology Businesses can reduce their vulnerability if they know how to prevent ransomware. While this type of malware does not draw much attention, it can be much more devastating than other types of malware. As ransomware attacks are sophisticated in nature, many larger financial organizations have their own call centers for handling these types of data breaches. Ransomware contributes to 10% of all breaches, but it doubled its frequency in 2021. 37% of global organizations are victims of ransomware attacks. According to the Cybersecurity and Infrastructure Security Agency, 14 of the 16 U.S. critical infrastructure sectors faced ransomware attacks in February 2022. There are more than 130 different ransomware strains detected. Ransomware usually stops the user from using the system, programs, or files. Hackers ask you to pay a ransom to regain control of the PC. You may have to pay to avoid losing everything. As backups may not provide complete protection against ransomware attacks, this malware is considered essential. It shows the importance of depending upon a professional security service. Read the article to know more about how to detect and prevent potential data breaches through ransomware effectively. How to Detect Ransomware Attacks It is hard for traditional antivirus software to detect ransomware because this advanced malware uses a set of complex evasion techniques. Therefore, it has become essential to educate yourself and your employees on ways to detect ransomware before it damages data in your system. Ransomware creators apply advanced social engineering tricks and military-grade encryption algorithms to take control of your system and encrypt your data. Unfortunately, it becomes difficult to recognize which files are infected as the ransomware can scramble files. In 2018, 180,000 users globally had been infected with ransomware. Due to the increasing number of ransomware attacks, it has become imperative to know how to detect and prevent ransomware attacks in time. Below are some of the tips on how to detect ransomware. Through a similar-looking email account, ransomware creators send malicious emails. For example, they use capital letters instead of the small letters in the original email ID. So, it is important to learn how to spot ransomware by paying close attention to the email addresses. Another thing is to check the content of the email thoroughly, especially if it has sensitive information. Modern ransomware creators are so sophisticated that they even cleverly imitate emails and even the writing voice of the institution or person. Do not do anything suggested in the mail content if you sense anything strange. The best thing to do is to call the person or organization involved to check the email's authenticity. If you doubt the authenticity of the email, do not click on the links in the email immediately. Closely assessing the email can give you hints as to whether the email is genuine or not. In addition, you can check for unusual domains and spelling errors in the email. Another effective way to detect ransomware is to be careful while downloading attachments. Ransomware creators hide it in an encrypted zip file. You won’t be able to see the malicious file encrypted until you extract it from the file. Tips to Prevent Ransomware Attacks Avoid Providing Personal Data to Unknown Do not give out personal information if you receive a call, text, or email from an unknown source asking for it. Before a ransomware attack, there is a possibility that cybercriminals may try to obtain personal information. This information can be used to target individuals personally through phishing emails. The goal is to get you to open a malicious attachment or link. Permitting the perpetrators to access data to make their trap more plausible is not a good idea. If a corporation contacts you for information, ignore the request and contact the company on your own to confirm that it is legitimate. Get Security Software Assistance As cybercrime increases it becomes essential to have ransomware protection. Use a comprehensive internet security solution like Kaspersky Internet Security to protect your PC from ransomware. Software stops corrupted files from being downloaded or streamed, preventing ransomware from getting into your system and keeping hackers away. Back up your data It is always a good idea to keep a backup of your data. In case you are hit by ransomware, you will know that your data is safe. Keep everything on a hard drive, but don't leave it attached to your computer while you're not using it. Leaving the hard drive attached to your system can compromise the data if you become a victim of ransomware. The data inside the hard drive can get encrypted. With cloud storage solutions, you can also go back to previous versions of your files. As a result, if ransomware encrypts them, you should be able to restore an unencrypted version using cloud storage. Click Only on Verified Links Clicking links on unfamiliar websites or in spam emails should be avoided. One way for your computer to become infected is through downloads that begin when you click on malicious links. When ransomware infects your computer, it either encrypts your files or locks down your operating system. Once the ransomware has anything to hold as a 'hostage,' it will demand to unlock your files. The simplest solution is to pay the ransoms. However, this is what the criminal wants you to do, and paying the ransom does not guarantee that you will be able to access your device or data. Do Not Download Software from Unknown Websites To make sure that you do not get ransomware, don’t download software or media assets from unknown websites. If you want to download something, go to a site that has been verified and is reputable. Most reputable websites will have trust indicators that you can spot. For example, type “https” into the search field to see if the site uses “https” rather than “http”. A shield or lock symbol may appear in the address bar, to confirm that the site is secure. If it’s something that you want to download for your phone, be sure it's from a trusted source. For example, Android users should download apps from the Google Play Store, while iPhone users should go to the App Store. What to Do in Case You Have Become a Victim of Ransomware What if you've already been under a ransomware attack and you are unaware of it? It's critical to know what to do in the event of a ransomware attack. Here are some easy steps that may help reduce damage to some extent. If you're hit by ransomware, the first thing you should do is disconnect from all networks and the internet. By disconnecting, you isolate your computer and limit the ransomware virus from spreading to other devices. It's advisable to consult a cybersecurity professional before paying ransom to cybercriminals. They will learn the situation and advice you to act accordingly. Summing Up Ransomware is difficult to detect and defend against. Organizations, on the other hand, can take steps to protect their systems and sensitive data by taking necessary precautions. The first thing to do is to educate employees about common red flags and vulnerabilities, set up processes and procedures for preventative monitoring, and install anti-ransomware software and tools. Frequently Asked Questions How does ransomware work? Ransomware encrypts files on a computer and prevents the user or organization from accessing them. This malware encrypts files and demands a ransom for the decryption key. This puts businesses in a situation where paying the ransom is the most convenient way for them to get back the data. Is it possible to remove ransomware? Robust cybersecurity software can be used to decrypt ransomware files. A cybersecurity specialist should assist you at every step of the ransomware eradication process with the ransomware removal tool. However, retrieving all the files may not always be possible. Is it possible to detect ransomware? Ransomware can be identified at the network level by checking for unusual traffic patterns. This can signal a ransomware infestation or malware in general.

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Top Cybersecurity Threats and Vulnerabilities to Keep an Eye On

Article | March 31, 2022

Cybersecurity threats and vulnerabilities are prevalent in all types of businesses, from Fortune 500 companies to mom-and-pop shops. The basic fact is that there are far too many risks to counteract all of them adequately. According to Kaspersky Lab, a leading antivirus company, “The number of new malicious files processed by Kaspersky Lab’s in-lab detection technologies reached 360,000 a day in 2017.” This contributes to 250 new malware threats every minute. When it comes to cybersecurity threats and network vulnerabilities, malware is not the only thing to be worried about. Hackers can steal your data and sensitive information. Cybersecurity Threats and Vulnerabilities: The Difference To put it simply, vulnerabilities are weaknesses or flaws in a system or network that could be exploited to bring harm or allow an attacker to manipulate the system in some way. This differs from a cyber-threat. Computer system vulnerabilities are the weaknesses and flaws present in the system, unlike a cyber threat. Cybercriminals will also use these flaws in their attacks, but they aren't usually the result of a deliberate plan. I short, vulnerabilities lead to cybersecurity threats. How a computer cybersecurity vulnerability is exploited is determined by the nature of the exposure and the attacker's motivations. For example, these problems could be caused by software programs that don't work well together, system parts that don't work well together, or flaws in a single application. Top Cybersecurity Threats and Vulnerabilities of the Year Internet of Thing Devices The Internet of Things (IoT) includes many smart devices, such as Wi-Fi-equipped refrigerators, printers, factory robots, coffee makers, and countless other appliances. The challenge with these devices is that attackers can use them to create slaved networks of compromised devices to carry out additional attacks. Worse yet, many firms are unaware of how many IoT devices they have on their networks. This means they are unaware of the risks and possible threats they are exposed to, as well as the vulnerabilities to information security. These unknown devices provide countless opportunities for attackers and increase the vulnerability risk in cybersecurity for corporations. To reduce the network security threats and vulnerabilities of IoT devices, a security audit should be conducted that identifies the diverse assets of the network and the operating systems they use. In this manner, the company's cybersecurity plan can effectively account for these IoT devices. In addition, audits like these should be done regularly to account for any new devices added to the network over time. Phishing Attacks or Social Engineering In a phishing attack, the attacker tries to persuade an employee of the targeted organization to divulge important information and account credentials by prompting them to download malware. The most common attack is through identical emails from one of your company's vendors or someone from a higher level. One such example of a phishing email is: "This is Mark from IT. Your user account has shown unusual behavior. Please click this link to reset and secure your password." When you click the link in the email, it directs users to a website that downloads malware and compromises their machine. Other phishing scams may try to get people to handover their user account credentials to the attacker to resolve a problem. Malware New malware is generated regularly. The figure of 360,000 new malware files every day may appear alarming. Many of these new malware files are simply rehashes of earlier malware programs that have been tweaked just enough to make them unidentifiable to antivirus software. However, numerous new types of malware have been developed over time, such as ransomware, trojans, and worms, each uniquely affecting the target's systems. Security Vulnerabilities That Are Unpatched As new sophisticated threats are produced regularly, companies have to find sophisticated ways to tackle them perfectly. Malware is looking to exploit the same cybersecurity threats and vulnerabilities repeatedly. Failing to patch those cybersecurity vulnerabilities, once they're discovered, it can be dangerous for companies. It's all too usual for a company—or even individual users on a network—to ignore the ‘update available’ warnings that appear in some programs because they don't want to waste the 5-10 minutes to perform the update. These updates can save a company a lot of time and money and save from threats. Thus, it is good for companies to update programs regularly. Backdoor Programs that Are Hidden This is an example of a computer cybersecurity vulnerability that was purposefully engineered. Usually, a backdoor is a piece of software or code that is installed by the manufacturer of computer parts, software, or entire machines. This allows the manufacturer to access a computer remotely for diagnostic, configuration, or technical support purposes. A hidden backdoor program installs a backdoor into a computer without the knowledge of the user. Secret backdoors are a significant software flaw because it is easy to gain unauthorized access and affect the computer system and the networks to which it is connected. Employees The employees working for an organization are considered to be cybersecurity vulnerabilities. Most data breaches can be traced back to an employee due to intentional mistake or an accident. Employees, for example, may take advantage of their access credentials for personal gain. Alternatively, an employee could click on the wrong link in an email, download the wrong file from a website, or give the wrong person their user account credentials, giving attackers simple access to your systems. Using a least privilege policy, for example, prevents users from having too much data at once, making it difficult for them to steal data. Another benefit of cybersecurity awareness training is that it helps employees recognize phishing and other social engineering-style attacks and not fall for them. Software or Programming Interfaces With Unknown Security Flaws Computer software is complicated to comprehend. The complexity of a system grows exponentially as two or more programs interact with one another. The problem is that there may be programming flaws and conflicts inside a single piece of software, resulting in cybersecurity threats and vulnerabilities. When two applications are linked together, the chance of disputes that result in software flaws increases. Programming errors and unexpected code interactions are the most frequent cybersecurity vulnerabilities. Cybercriminals constantly seek new ways to exploit them. Unfortunately, forecasting the emergence of these threats and vulnerabilities to information security is not possible because of the infinite number of software combinations that can exist on a single computer, let alone an entire network. 3 Ways to Find and Prevent Cybersecurity Threats and Vulnerabilities Identifying vulnerabilities in cybersecurity before an attacker can exploit is one of the essential steps in preventing a security breach. Many firms, however, does not have the tools and expertise to identify network security threats and vulnerabilities. Here are some ways to find threats and vulnerabilities in information security: Audit Your Network Assets Penetration Testing Create a Threat Intelligence Framework Summing Up Cybersecurity threats and vulnerabilities have become too sophisticated as our dependency on digital technologies grows. It is because of this companies that use outdated cybersecurity techniques are at a risk of being hacked. Organizations must improve their cybersecurity program to avoid risks. An effective cybersecurity program can assist firms in preventing attacks, reducing recovery time, and containing future risks. Frequently Asked Questions What do you mean by cyber threats and vulnerability? Vulnerabilities are gaps in a system that allow threats to occur and let threat actors take advantage of the data. It is called a threat when the chance of an attack is multiplied by the possible loss. What are some of the vulnerabilities in cybersecurity? Network vulnerabilities, operating system vulnerabilities, human vulnerabilities, and process vulnerabilities are some of the vulnerabilities in cybersecurity. What is the difference between vulnerability and threat? A threat is a process that increases the possibility of an adverse event, such as a vulnerability being exploited. On the other hand, exposure is a flaw in your infrastructure, networks, or apps that could expose you to threats.

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Ways to Prevent Top Social Engineering Techniques

Article | March 30, 2022

‘Social engineering bypasses all technologies, including firewalls.” - Kevin Mitnick, an author and computer security consultant from the United States Social engineering is an attempt by attackers to trick or manipulate individuals into handing over access, passwords, financial or other sensitive information. It's a cyber-threat that exploits the weak link in the security chain to obtain access to company networks. Attackers use sophisticated deception and emotional manipulation to get workers, even top executives, to provide critical information. Phishing is the most common type of social engineering technique. 43% of IT experts report that they have been scammed in the last few years. 93% of successful data breaches result from social engineering attacks. 45% of workers click on suspicious emails thinking "just in case it's essential." 71% of IT experts report seeing workers fall for a social engineering attack. Social engineering assaults cost an average of $130,000 to any company. 60% of IT workers think that new employees are likely to fall for social engineering scams. 45% of workers fail to report suspicious emails and messages for fear of repercussions. Cyberattacks that are socially engineered are less than 80% successful. Business email compromise is the most expensive socially engineered attack - 64 times more expensive than ransomware! “Companies spend millions of dollars on firewalls, encryption, and secure access devices, and its money wasted; none of these measures address the weakest link in the security chain.” – Kevin Mitnick, computer security consultant and author from the United States Even though millions of dollars are spent on cutting-edge perimeters and end-point security systems, determined hackers can get into enterprise networks through human elements every day. How Does Social Engineering Affect Businesses? Successful social engineering has a catastrophic impact on a firm. When confidential information about customers, enterprises, finance, and personal details is compromised, your company's reputation and goodwill are at risk. Successful cyberattacks affect businesses in different ways, such as: Financial losses Loss of productivity The cost of recovering Cyber-attacks cause business disruption Social engineering hacks cause massive damage to your reputation Learn about the top social engineering attacks and how to protect against them. Top Social Engineering Techniques and How to Prevent Them Phishing In phishing, attackers send messages through social media, emails, SMS, or instant messaging to clients to trick users. This way, they make the user click on links that lead to malicious websites. Phishing messages capture a victim's attention and prompt them to act by stimulating curiosity, requesting assistance, or eliciting other emotional responses. In addition, they often use logos, photos, or writing styles to make it look like the communication came from a colleague, the victim's bank, or other legitimate source. Most phishing communications use a feeling of urgency to convince the victim that there would be severe repercussions if they did not immediately hand over critical information. Prevention Tips for Phishing Know what a phishing scam looks like Don’t click on strange links Get free anti-phishing add-ons Never give your information to an unsecured site Change passwords regularly Install firewalls Baiting Baiting attacks usually involve luring the victim by generating curiosity or offering a hard-to-refuse deal. For example, social engineers may send an email with an attachment or a free download/sample link that promises lucrative deals. This would install malware on the recipients' systems when clicked. Social engineers who access the location may also put USB devices on an employee's workstation to trigger curiosity. When the employee inserts the USB drive onto their computer to inspect its contents, malware is installed on their PCs. Social engineers may use the malware to control and access data once the malware gets installed on the computer. Preventive Measures for Baiting Companies should teach employees to recognize if an offer seems too good to be true. Encourage employees to ask questions (if in doubt) before sharing any personal information. Ensure all employees in the organization use antimalware and antivirus software on their systems. Set up network security measures to stop incidents even before they happen Pretexting Although more focused, pretexting social engineering attacks are similar to phishing attempts. The social engineer constructs a fictional setting by impersonating an authoritative, well-known, or trustworthy person. The social engineer wants to gain confidence by pretending to be genuine and persuades the victim to share information. Once the social engineer gets the information they want, they may execute further deception. For example, acting as if a customer needs urgent account information. How to Prevent Pretexting Teach employees the business rules and security best practices Make sure employees always check with management before disclosing sensitive information Have a clear-cut policy to handle suspected attacks Avoid clicking on unknown links shared via emails or other sources Spear Phishing Spear phishing is a more advanced kind of social engineering in which communications are more targeted, well-written, and addressed to a single individual or group of people. Criminals personalize and modify emails for their intended recipients. The subject lines are unique and will include relevant themes for the receivers. It's no surprise that spear-phishing emails are responsible for 91% of successful breaches. Unfortunately, email security filters and receivers may overlook the communication because they are well-tailored. In addition, the communication appears genuine and non-aggressive. The spear-phishing email's developer makes an effort to obtain precise information on the target. Such information may be found in company directories or on websites like LinkedIn. After that, the hacker may gather more personal data from social networking sites to fine-tune a spear-phishing email. How to Defend Spear Phishing Train users to recognize, avoid, and report suspicious emails. Security teams must develop, manage, and upgrade security technologies and practices to prevent, identify, and react to ever-evolving spear-phishing attacks. Security teams must invest in continuously updating threat information to employees to stay ahead of attackers. Vishing In vishing, the hacker pretends to call from a bank, merchant account, or another service. The phone call starts with an automated message that directs the callers to the criminals acting as customer support representatives. To fake or disguise their phone numbers, criminals use smartphone applications or other technologies. Vishing is a kind of social engineering attack in which the victim is deceived into disclosing personal, financial, or business information. The attacker may even act as an off-site executive from your organization. Preventive Measures for Vishing Verify unexpected phone requests using an official directory or call the company’s main office and ask to speak to the person making the request. Login credentials should not be disclosed over the phone. If a caller requests account or personal information, do not share it and inform the security. You will not be contacted by security to change your logins, passwords, or network settings. Any caller who makes such a request is most likely a hacker. Decline the call and alert the authorities. Summing Up Cognitive biases and fundamental human decision-making play a significant role in social engineering strategy. As humans, we are bound to make mistakes. Building awareness will help you make the perfect decision at the right time. This will guard your business and loss of reputation. Cybercriminals who use social engineering campaigns are aware of human psychology and use it to their benefit. Unfortunately, such cyber attacks may affect your company if a lot of data is compromised or there is a ransomware attack. Recognizing typical social engineering tactics is the first step in strengthening your security measures and avoiding data leaks. Next, make sure your personnel are trained on how to deal with potential dangers so you can have the most effective defense possible. Frequently Asked Questions What are some of the examples of social engineering attacks? Some of the examples of social engineering attacks are: Quid Pro Quo Tailgating Smishing What do you mean by social engineering attacks? Social engineering attacks take advantage of human mistakes to get passwords or spread malware, usually through infected email attachments or malicious website links. What are the six fundamental principles of social engineering? The six fundamental principles of social engineering are commitment and consistency, reciprocity, social proof, authority, scarcity, and liking.

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Spotlight

Cyber Security Challenge UK

Cyber Security Challenge UK is a non-profit organisation with a longstanding mission to encourage more cyber security talent into the pipeline. Known for our comprehensive back catalogue of nationwide competitions and events, we work with technical experts and industry leaders to proactively reduce the global cyber security skills gap.

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Veza, the Data Security Platform Built on the Power of Authorization, Announces Blackstone as a Customer and Strategic Series C Investor

Veza | June 27, 2022

Veza, the data security platform built on the power of authorization, announced an investment in their Series C funding round from Blackstone Innovations Investments, along with participation from previous investors. To date, Veza has raised a total of $110 million from top-tier investors including Accel, Bain Capital, Ballistic Ventures, GV, Norwest Venture Partners, True Ventures, and others. Blackstone has also selected Veza to help modernize its data security and access governance. Veza empowers organizations to address today’s greatest cybersecurity challenge: who can and should take what action on what data. As the world increasingly moves online, our changing behaviors are driving a transformational shift toward multi-cloud data systems, apps, computing, and infrastructure. This shift creates a complex, distributed web of human identities, accounts, apps, services, and access points that are constantly changing and susceptible to vulnerabilities. To address this, Veza takes a comprehensive approach that pulls together authorization data from disparate systems, giving customers a single source of truth to manage data access and controls. “Having a world-class cybersecurity program that protects our brand, reputation, investors and intellectual property is of paramount importance to our firm, and we are continuing to incorporate innovative technology solutions,” says Adam Fletcher, Chief Security Officer at Blackstone. “Our team is always looking for ways to develop a more comprehensive view of access across all of our applications and cloud infrastructure to allow us to modernize the firm’s access controls. We are excited to partner with Veza to help us accomplish this.” “Blackstone Innovations Investments is committed to investing in cutting-edge technology companies that we believe will have a meaningful impact on Blackstone, our portfolio companies, and the broader industry. We look forward to working with Veza and their impressive leadership team as they enter this next phase of growth,” comments Stevi Petrelli, Head of Blackstone Innovations Investments. “Institutions across multiple industries view Blackstone as an example of exceptional technology deployment and cybersecurity expertise. “Veza has greatly benefited from Blackstone’s product feedback and market insights. We are thrilled to work with Blackstone’s Security team to further modernize data security for their hybrid and multi-cloud environment.” Tarun Thakur, CEO and Co-Founder of Veza Additional investment in Veza comes from notable entrepreneurs including Dheeraj Pandey, Co-founder & CEO, DevRev and former CEO, Nutanix, and Lars Dalgaard, Founder Luv Ventures, Founder & Former CEO, SuccessFactors. “Authorization is the source of truth when it comes to understanding who has access to what,” says Dheeraj Pandey, Co-Founder and CEO of DevRev. “Understanding authorization at scale is one of the hardest problems to address and I am excited to watch team Veza bring on a new era of identity, rooted in authorization. Veza is defining authorization as a standard for protecting data against ransomware and other forms of data breach.” “Entrepreneurs will tell you that company building is one of the hardest, yet rewarding experiences, with real potential to make an impact,” says Lars Dalgaard, Founder Luv Ventures, Founder & Former CEO SuccessFactors. “When evaluating any company, I look for deep technical breakthrough for a massive market opportunity, deal composition and company traction, and passion amongst founders. And, I’m very excited to be partnering with Tarun and Veza on the mission to build an iconic company that will revolutionize the data security industry for decades to come.” About Veza Veza is the data security platform built on the power of authorization. Our platform is purpose-built for hybrid multi-cloud environments to help you use and share your data safely. Veza makes it easy to understand, manage, and control who can and should take what action on what data. We organize authorization metadata across identity providers, data systems, cloud service providers, and applications — all to address the toughest data security challenges of the modern era. Founded in 2020, the company is funded by top-tier investors including Accel, Bain Capital, Ballistic Ventures, Blackstone, GV, Norwest Venture Partners, and True Ventures. To learn more, please visit us at veza.com. Many Fortune 500, Fortune 1000 and smaller organizations use its data security platform for protection against ransomware, modernizing access governance for critical data and apps, and implementing data lake security for Snowflake and other solutions.

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DATA SECURITY

Cyware Achieves SOC 2 Type 2 Compliance for Data Security

Cyware | June 24, 2022

Cyware, the industry's leading provider of the technology platform for building Cyber Fusion Centers for businesses and threat intelligence sharing for ISACs and ISAOs, announces the successful completion of the System and Organization Controls (SOC) 2 Type 2 Audit for the trust services criteria relevant to Security ("applicable trust services criteria") set forth in TSP section 100, Trust Services Criteria for Security, Availability, Processing Integrity, Confidentiality, and Integrity, Confidentiality, and Integrity, Confident (AICPA, Trust Services Criteria). The result demonstrates the company's dedication to the highest levels of data protection. The American Institute of Certified Public Accountants (AICPA) developed SOC 2 as a reporting framework that establishes guidelines for Software-as-a-Service (SaaS) enterprises that manage customer and user data. The accreditation confirms that the organization's internal systems and controls are in ongoing conformity with the SOC 2 audit criteria. Schellman & Company, a worldwide-recognized attestation and compliance services provider, performed the audit for Cyware. “Commitment to the highest levels of data security has always been one of our foremost business priorities. The SOC 2 Type 2 certification process is not easy to achieve but our team was fully committed and prepared to ensure we check all the required boxes. The new milestone will further strengthen the confidence of our current and future customers in our robust compliance with industry benchmark data security standards including SOC 2 (Type 1 and Type 2) and ISO/IEC 27001:2013.” Anuj Goel, CEO, Cyware Cyware unifies previously compartmentalized security operations, allowing firms to more efficiently automate and exchange threat data, as well as cooperate on threat response inside their security divisions and with other enterprises within their network.

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DATA SECURITY

Cyble Launches Dedicated Managed Security Service Provider (MSSP) Program to Empower Industry-leading MSSPs

Cyble | June 16, 2022

Cyble, the Y Combinator-backed leader in AI-powered global cyber threat intelligence, is proud to announce its latest threat intelligence platform for the Managed Security Service Providers (MSSPs). Through the new program, Cyber MSSP partners can benefit from a comprehensive dashboard comprising advanced threat intelligence and cybercrime monitoring and mitigation. It will be instrumental in enabling both customers and partners to work in tandem towards achieving their cybersecurity goals. The platform is designed to empower Cyble’s MSSP partners with an enhanced control to provide, configure, and monitor all services provided by Cyble Vision as a software suite to its end customers. This new update brings in features such as a multi-admin management console, seamless access to the user hierarchy dashboard for the easy understating of customer distribution and ownerships, centralized dashboards and consoles for access, and the ability to manage and maintain end-user dashboards from their own accounts. Additionally, it also enables tracking of all customer alerts, thereby fostering early intervention and safeguarding customer assets & interests. Manish Chachada, COO and Co-founder of Cyble, said, “The launch of our MSSP program is a key development in Cyble’s journey. It will enable our partners to extend Cyble’s Threat Intelligence, Digital Risk Protection Services, and Darkweb and Cybercrime Monitoring capabilities to customers worldwide, ensuring seamless integration with their environment. We are completely committed to the needs of our clients and partners, and the ability of our MSSP program to provide users with a single intuitive dashboard for AI-enabled threat management, advanced threat hunting, and mitigation response has been a key differentiating factor against competitors.” “Strategic partnership is a critical necessity for organizations due to the unprecedented need to quickly and efficiently address takedowns, incident response, 3rd party risk scoring, and monitoring emerging risks etc. The MSSP program will pave way for cost savings with ROI and access to increased visibility, operational efficiencies, control, and actionable intelligence for our partners' clients.” Mandar Patil, Vice President International Market and Customer Success at Cyble The MSSP platform comes with upgraded threat detection abilities backed by AI-based innovation, unlimited scalability, open platform with the capability to integrate effectively, and is governed by the GDPR privacy mandates. The news closely follows Cyble’s recent announcement on being the winner in 8 categories of the prestigious 10th Annual Global InfoSec Awards by the elite Cyber Defense Magazine (CDM), the industry’s leading electronic information security magazine. “We are incredibly excited to release this core module to a broader partner base and can’t wait to help a larger enterprise community. This is an outcome of having worked tirelessly to design a solution that enhances the threat detection and proactive mitigation capabilities of our clients. MSSP partners look for nothing more than comprehensive, easy-to-navigate, secure solutions that provide the best-in-class threat intelligence and digital risk protection. Our solution does just that! Our excitement knows no bounds as we look forward to strengthening our existing strategic MSSP partnerships besides onboarding new partners worldwide,” said Beenu Arora, CEO, and Co-founder of Cyble. About Cyble Cyble is a global threat intelligence SaaS provider that helps enterprises protect themselves from cybercrimes and exposure on the Surface web, Deepweb, and Darkweb. Its prime focus is to provide organizations with real-time visibility into their digital risk footprint. Backed by Blackbird Ventures, Xoogler, and Y Combinator as part of the 2021 winter cohort, Cyble has also been recognized by Forbes as one of the top 20 Best Cybersecurity Start-ups, along with several other industry recognitions. Headquartered in Georgia, United States, and with offices in Dubai, Australia, Singapore, and India, Cyble has a global presence.

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DATA SECURITY

Veza, the Data Security Platform Built on the Power of Authorization, Announces Blackstone as a Customer and Strategic Series C Investor

Veza | June 27, 2022

Veza, the data security platform built on the power of authorization, announced an investment in their Series C funding round from Blackstone Innovations Investments, along with participation from previous investors. To date, Veza has raised a total of $110 million from top-tier investors including Accel, Bain Capital, Ballistic Ventures, GV, Norwest Venture Partners, True Ventures, and others. Blackstone has also selected Veza to help modernize its data security and access governance. Veza empowers organizations to address today’s greatest cybersecurity challenge: who can and should take what action on what data. As the world increasingly moves online, our changing behaviors are driving a transformational shift toward multi-cloud data systems, apps, computing, and infrastructure. This shift creates a complex, distributed web of human identities, accounts, apps, services, and access points that are constantly changing and susceptible to vulnerabilities. To address this, Veza takes a comprehensive approach that pulls together authorization data from disparate systems, giving customers a single source of truth to manage data access and controls. “Having a world-class cybersecurity program that protects our brand, reputation, investors and intellectual property is of paramount importance to our firm, and we are continuing to incorporate innovative technology solutions,” says Adam Fletcher, Chief Security Officer at Blackstone. “Our team is always looking for ways to develop a more comprehensive view of access across all of our applications and cloud infrastructure to allow us to modernize the firm’s access controls. We are excited to partner with Veza to help us accomplish this.” “Blackstone Innovations Investments is committed to investing in cutting-edge technology companies that we believe will have a meaningful impact on Blackstone, our portfolio companies, and the broader industry. We look forward to working with Veza and their impressive leadership team as they enter this next phase of growth,” comments Stevi Petrelli, Head of Blackstone Innovations Investments. “Institutions across multiple industries view Blackstone as an example of exceptional technology deployment and cybersecurity expertise. “Veza has greatly benefited from Blackstone’s product feedback and market insights. We are thrilled to work with Blackstone’s Security team to further modernize data security for their hybrid and multi-cloud environment.” Tarun Thakur, CEO and Co-Founder of Veza Additional investment in Veza comes from notable entrepreneurs including Dheeraj Pandey, Co-founder & CEO, DevRev and former CEO, Nutanix, and Lars Dalgaard, Founder Luv Ventures, Founder & Former CEO, SuccessFactors. “Authorization is the source of truth when it comes to understanding who has access to what,” says Dheeraj Pandey, Co-Founder and CEO of DevRev. “Understanding authorization at scale is one of the hardest problems to address and I am excited to watch team Veza bring on a new era of identity, rooted in authorization. Veza is defining authorization as a standard for protecting data against ransomware and other forms of data breach.” “Entrepreneurs will tell you that company building is one of the hardest, yet rewarding experiences, with real potential to make an impact,” says Lars Dalgaard, Founder Luv Ventures, Founder & Former CEO SuccessFactors. “When evaluating any company, I look for deep technical breakthrough for a massive market opportunity, deal composition and company traction, and passion amongst founders. And, I’m very excited to be partnering with Tarun and Veza on the mission to build an iconic company that will revolutionize the data security industry for decades to come.” About Veza Veza is the data security platform built on the power of authorization. Our platform is purpose-built for hybrid multi-cloud environments to help you use and share your data safely. Veza makes it easy to understand, manage, and control who can and should take what action on what data. We organize authorization metadata across identity providers, data systems, cloud service providers, and applications — all to address the toughest data security challenges of the modern era. Founded in 2020, the company is funded by top-tier investors including Accel, Bain Capital, Ballistic Ventures, Blackstone, GV, Norwest Venture Partners, and True Ventures. To learn more, please visit us at veza.com. Many Fortune 500, Fortune 1000 and smaller organizations use its data security platform for protection against ransomware, modernizing access governance for critical data and apps, and implementing data lake security for Snowflake and other solutions.

Read More

DATA SECURITY

Cyware Achieves SOC 2 Type 2 Compliance for Data Security

Cyware | June 24, 2022

Cyware, the industry's leading provider of the technology platform for building Cyber Fusion Centers for businesses and threat intelligence sharing for ISACs and ISAOs, announces the successful completion of the System and Organization Controls (SOC) 2 Type 2 Audit for the trust services criteria relevant to Security ("applicable trust services criteria") set forth in TSP section 100, Trust Services Criteria for Security, Availability, Processing Integrity, Confidentiality, and Integrity, Confidentiality, and Integrity, Confident (AICPA, Trust Services Criteria). The result demonstrates the company's dedication to the highest levels of data protection. The American Institute of Certified Public Accountants (AICPA) developed SOC 2 as a reporting framework that establishes guidelines for Software-as-a-Service (SaaS) enterprises that manage customer and user data. The accreditation confirms that the organization's internal systems and controls are in ongoing conformity with the SOC 2 audit criteria. Schellman & Company, a worldwide-recognized attestation and compliance services provider, performed the audit for Cyware. “Commitment to the highest levels of data security has always been one of our foremost business priorities. The SOC 2 Type 2 certification process is not easy to achieve but our team was fully committed and prepared to ensure we check all the required boxes. The new milestone will further strengthen the confidence of our current and future customers in our robust compliance with industry benchmark data security standards including SOC 2 (Type 1 and Type 2) and ISO/IEC 27001:2013.” Anuj Goel, CEO, Cyware Cyware unifies previously compartmentalized security operations, allowing firms to more efficiently automate and exchange threat data, as well as cooperate on threat response inside their security divisions and with other enterprises within their network.

Read More

DATA SECURITY

Cyble Launches Dedicated Managed Security Service Provider (MSSP) Program to Empower Industry-leading MSSPs

Cyble | June 16, 2022

Cyble, the Y Combinator-backed leader in AI-powered global cyber threat intelligence, is proud to announce its latest threat intelligence platform for the Managed Security Service Providers (MSSPs). Through the new program, Cyber MSSP partners can benefit from a comprehensive dashboard comprising advanced threat intelligence and cybercrime monitoring and mitigation. It will be instrumental in enabling both customers and partners to work in tandem towards achieving their cybersecurity goals. The platform is designed to empower Cyble’s MSSP partners with an enhanced control to provide, configure, and monitor all services provided by Cyble Vision as a software suite to its end customers. This new update brings in features such as a multi-admin management console, seamless access to the user hierarchy dashboard for the easy understating of customer distribution and ownerships, centralized dashboards and consoles for access, and the ability to manage and maintain end-user dashboards from their own accounts. Additionally, it also enables tracking of all customer alerts, thereby fostering early intervention and safeguarding customer assets & interests. Manish Chachada, COO and Co-founder of Cyble, said, “The launch of our MSSP program is a key development in Cyble’s journey. It will enable our partners to extend Cyble’s Threat Intelligence, Digital Risk Protection Services, and Darkweb and Cybercrime Monitoring capabilities to customers worldwide, ensuring seamless integration with their environment. We are completely committed to the needs of our clients and partners, and the ability of our MSSP program to provide users with a single intuitive dashboard for AI-enabled threat management, advanced threat hunting, and mitigation response has been a key differentiating factor against competitors.” “Strategic partnership is a critical necessity for organizations due to the unprecedented need to quickly and efficiently address takedowns, incident response, 3rd party risk scoring, and monitoring emerging risks etc. The MSSP program will pave way for cost savings with ROI and access to increased visibility, operational efficiencies, control, and actionable intelligence for our partners' clients.” Mandar Patil, Vice President International Market and Customer Success at Cyble The MSSP platform comes with upgraded threat detection abilities backed by AI-based innovation, unlimited scalability, open platform with the capability to integrate effectively, and is governed by the GDPR privacy mandates. The news closely follows Cyble’s recent announcement on being the winner in 8 categories of the prestigious 10th Annual Global InfoSec Awards by the elite Cyber Defense Magazine (CDM), the industry’s leading electronic information security magazine. “We are incredibly excited to release this core module to a broader partner base and can’t wait to help a larger enterprise community. This is an outcome of having worked tirelessly to design a solution that enhances the threat detection and proactive mitigation capabilities of our clients. MSSP partners look for nothing more than comprehensive, easy-to-navigate, secure solutions that provide the best-in-class threat intelligence and digital risk protection. Our solution does just that! Our excitement knows no bounds as we look forward to strengthening our existing strategic MSSP partnerships besides onboarding new partners worldwide,” said Beenu Arora, CEO, and Co-founder of Cyble. About Cyble Cyble is a global threat intelligence SaaS provider that helps enterprises protect themselves from cybercrimes and exposure on the Surface web, Deepweb, and Darkweb. Its prime focus is to provide organizations with real-time visibility into their digital risk footprint. Backed by Blackbird Ventures, Xoogler, and Y Combinator as part of the 2021 winter cohort, Cyble has also been recognized by Forbes as one of the top 20 Best Cybersecurity Start-ups, along with several other industry recognitions. Headquartered in Georgia, United States, and with offices in Dubai, Australia, Singapore, and India, Cyble has a global presence.

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