What if an employee's credentials are compromised? Do you know what to do? Click below to get all the details, or get the personalized advice you need if suspicious links in phishing emails cause compromised credentials by booking a consultation with us!
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Strategic Relationship Manager, AAMC | Insurance Claims Specialist | Client and Partnership Expert | Sales and Process Improvement
A new cyber report has come out on the devastating impact business email breaches can have on companies worldwide. This is another reminder of the urgent need for robust cybersecurity measures, and the vulnerabilities businesses face in our increasingly digital world. In our sector, safeguarding our communication channels is paramount. A breach can not only disrupt operations but also erode client trust - something we cannot afford. Implementing comprehensive security protocols and educating employees about cyber threats are crucial steps towards mitigating these risks. As we make our way along the road to digital, it's essential we remain vigilant and proactive to protect our business and customers. #CyberSecurity #RiskManagement #Insurance
Cyber report warns on ‘devastating’ business email breaches - Insurance News - insuranceNEWS.com.au
insurancenews.com.au
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The human element accounts for *68% of breaches compared to 74% last year. Don't get smug though, this year the data no longer includes MALICIOUS insider threats *This includes credential theft, phishing & Business Email Compromise, and errors. How do the credential theft breaches occur? Phishing (again!) and what's known as credential stuffing (essentially people re-using passwords across multiple services) It's that time of the year when I get to nerd out with the annual Verizon Data Breach Investigations Report (DBIR). 100 pages, including covers & appendices, of exciting details! 🤦♂️ (Also, congrats to whoever writes the footnotes you have a sense of humour that resonates 😊👍) Sadly next year's report will be much the same, just as it has been for the past three years. More sadly (more sadly?) most of the breaches can be prevented with some basic security controls including, but not limited to, unique (and ideally complex) passwords for each service or application, MFA/2FA/2SV or some form of secondary authentication, and user awareness training As per the report: "You can address two-thirds of these breaches by training and equipping your employees appropriately" Organisations don't have a technology problem, they have a human problem. Too many try to fix the problem with super-duper-flashing-blinky-lights-solutions while training their users is left to a once a year boring-as-hell PowerPoint presentation which is mostly a compliance tick-box exercise anyway One item that that is included in the report is supposed to be a positive: "The overall reporting rate of Phishing has been growing over the past few years. In security awareness exercise data contributed by our partners during 2023, 20% of users reported phishing in simulation engagements, and 11% of the users who clicked the email also reported" Those numbers are horrendous! Only 20% of users reported and only 11% who clicked reported? 😱 One last gem: "The median time for users to fall for phishing emails is less than 60 seconds" There's a long road ahead... (Sources: Verizon 2024 Data Breach Investigations Report)
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Cybersecurity threats are closer to your business than you might think. Not all of them come in the form of an intimidating piece of software being launched as an overt attack. Many of the most successful and destructive attacks are based around spam and phishing, meaning they rely on covert tactics and deception to breach your systems and access your data. #Cybersecurity #ITNetwork #Broadband
Cybersecurity Tips for Your Business - Cross Insurance
https://www.crossagency.com
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I'm the Operations Coordinator at Kirkham IronTech - Protecting Businesses From Cyber Attacks and Providing Best-In-Class Managed IT Services and Cybersecurity. ✨ Nerd Alert 🤓 ✨ Stay Vigilant!
Protect your data before hackers strike! Taking proactive measures is key to keeping your sensitive information safe. Don’t wait until it’s too late—secure your digital assets today. 🛡️💻 #CyberSecurity #DataProtection #StaySecure
Take measures to prevent hackers from accessing data
https://businesspress.vegas
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Cyber security threats are everywhere. Some companies get through attacks unscathed. For others, it costs millions of dollars. Kudos to these firms for sharing their experiences with hackers so that others can learn how real these threats are and how to be better prepared to deal with them. From the story: "Think about cybersecurity before you need to think about it. It's sometimes difficult to do that."
Beyond the breach: How WNY companies reacted to cyber attacks - Buffalo Business First
bizjournals.com
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🚨 With the surge in email-based attacks like phishing and ransomware, having a solid Incident Response (IR) plan is a MUST! But here’s the kicker: even the best IR plan can fall flat if your cyber insurance doesn’t cover the firm you want to work with. Most insurance providers have a list of pre-approved IR firms, and if you’re not aligned with them, you might end up footing the bill during a crisis. So, how do you avoid this nightmare? 🔍 Make sure your cyber insurance policy is airtight by verifying that your preferred IR firm is on the approved list. If not, consider switching your coverage to one that allows you to work with the best in the business. It’s not just about having coverage—it’s about having the *right* coverage. The goal is to respond quickly, mitigate damage, and get back to business with minimal downtime. Be prepared, be covered, and ensure your IR strategy aligns with your insurance provider. 💼🔒 Ryan Dunn Cennairus Specialty #cyberinsurance #phishing #MSP #ransomware #incidentresponse #IR
Email attacks skyrocket 293% - Help Net Security
https://www.helpnetsecurity.com
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Great piece from our colleagues from Guy Carpenter on #BEC. Business e-mail compromise is a very prevalent threat and may cause severe losses. Interestingly and perhaps counter-intuitively, Marsh claims data has shown smaller-revenue companies are far more likely to lose a greater percentage of their revenue in a BEC event than a large-revenue company could expect. More insights on this threat and how to mitigate it inside! #cybersecurity
2024_6_Cyber_Business_Email_Compromise_publish.pdf
guycarp.com
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Navigating the Hershey Data Breach with Autonomos.AI The Hershey data breach serves as a stark reminder of the relentless challenges in cybersecurity. Malicious actors targeted a "limited number of Hershey email accounts," compromising sensitive personal data for over 2,200 individuals. While Hershey takes swift action with precautionary measures, including password changes and additional safeguards, the incident underscores the critical need for proactive cybersecurity solutions. Autonomos.AI stands at the forefront, offering advanced threat detection and response capabilities to fortify organizations against evolving threats. In the face of such challenges, Autonomos.AI empowers companies to safeguard sensitive data, ensuring a resilient defense against cyber threats. #cybersecurity #databreachprevention #nodezero #safeguard #sensitivedata #cyberresilience #threatdetection #dataprotection #infosecurity #proactivesecurity #protectyourdata
Hershey Investigates Data Breach
https://cybermaterial.com
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𝐏𝐫𝐞𝐯𝐞𝐧𝐭𝐢𝐨𝐧 𝐢𝐬 𝐁𝐞𝐭𝐭𝐞𝐫 𝐓𝐡𝐚𝐧 𝐂𝐮𝐫𝐞: 𝐓𝐢𝐭𝐥𝐞 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐂𝐲𝐛𝐞𝐫𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 Everyone's Email Nightmare. Returning from a long weekend to find a cluttered inbox can be overwhelming. You have a meeting scheduled for 9:00 AM, so you quickly start skimming through your emails, trying to reach "inbox zero." In the process, you click on a link in an email, only to realize later that it was a mistake. This is exactly what hackers are waiting for an opportunity to load your inbox and system with spyware. Most cyber frauds happen because of accidental security slip-ups by well-intentioned employees. Email viruses can infect your system's software and compromise your operational security. 𝟑 𝐰𝐚𝐲𝐬 𝐭𝐨 𝐩𝐫𝐞𝐩𝐚𝐫𝐞 𝐚𝐧𝐝 𝐚 𝐩𝐢𝐯𝐨𝐭 𝐭𝐨 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫. #titleinsurance #cybersecurity
Title Insurance and Cybersecurity: Prevention Is Better Than Cure
jobtracks.com
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Most small/medium-sized businesses lack a response plan for cyber attacks or incidents, with existing plans often gathering dust on a shelf. It's not a question of if an attack will happen, but when. Be prepared! #BreachPlanConnect
NetDiligence helping cyber insurers get more breach plans in place for policyholders
insurancebusinessmag.com
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