According to a report published by the FBI Internet Crime Complaint Center (IC3), losses resulting from attacks against business emails are 64 times more damaging than ransomware when measured by dollar amount losses. Phishing and email data breaches can be particularly damaging in the health sector. Regulatory authorities and oversight bodies are incredibly stringent when enforcing compliance measures designed to protect sensitive medical and patient data.
2021 was a banner year for phishing attacks. According to our latest report, Fighting Phishing: The IT Leader's View, more than eight in ten organizations, or 84%, were hit by them last year. That's up from the 73% revealed in our previous report. Given stats like these, it's no wonder cyber threats now top the list of concerns reported to the Allianz Risk Barometer by business risk experts.
Looking to improve your organization’s cybersecurity intelligence? We’ve compiled eight ways to boost your internal capabilities and stay abreast of emerging threats.
In his book Secrets and Lies: Digital Security in a Networked World, cybersecurity expert Bruce Schneier wrote, “People often represent the weakest link in the security chain and are chronically responsible for the failure of security systems.” That remains as true today as when the book was first published 22 years ago. It’s easy to understand why users often represent the weakest cybersecurity link within an organization.
As we navigate through 2023, ransomware attacks continue to grow in scale and sophistication. This year has already witnessed an alarming number of high-profile incidents (at the time of writing), meaning ransomware attacks remain one of the most significant cybersecurity threats organizations face.
It’s always frustrating when your laptop starts to slow down. The more you click, the more it seems to stutter and have a good think about everything you ask it to do. Joining video calls and even opening documents becomes a chore. Normally, this is a sign to free up some storage space or request a new device/component from the IT department. However, an unusually slow laptop can also be the sign of something more sinister – cryptojacking.
2021 has been another challenging year for businesses, not least because of the ongoing wave of cyberattacks. Everyone is hoping for some good news in 2022, but realistically, cybercrime slowing down won’t be on the agenda. Cybersecurity and avoiding the threat of data breaches is going to be front of mind for many going into next year. We’ve spoken to two members of our leadership team who’ve shared their thoughts on four trends we’re likely to encounter in 2022.
2021 has been another challenging year for businesses, not least because of the ongoing wave of cyberattacks. Everyone is hoping for some good news in 2022, but realistically, cybercrime slowing down won’t be on the agenda. Cybersecurity and avoiding the threat of data breaches is going to be front of mind for many going into next year. We’ve spoken to two members of our leadership team who’ve shared their thoughts on four trends we’re likely to encounter in 2022.
The way in which we respond to email security risks needs to change. It’s no longer a case of reinforcing the network perimeter. The risks are now far more complex and nuanced, driven by human behaviour. From every conversation we have, Security and IT leaders tell us that people: These are a combination of both inbound and outbound threats but what they have in common is that they are human-activated risks – there’s a person behind each of them.
For many of us, the Thanksgiving and Christmas period is a chance for some well-deserved downtime. For cybercriminals, not so much. The holiday season is one of the most productive time of the year for the Phishing-as-a-Service (PhaaS) industry. Online retail sales spike around holidays, creating more opportunities to catch people out with phishing emails and spoofed websites.
