As businesses adopt new technologies, information officers and business owners must be aware of the cybersecurity threats that these technologies bring along. Forensic experts have shown that many major security vulnerabilities are confronting business of all sizes today. Here are five major enterprise cybersecurity threats and ideas for preventing them.
1. CEO Spoofing
CEO spoofing is falsifying the identity or instruction of the CEO of a company to trick an unsuspecting employee to transfer company funds. For example, if a hacker discovers that a CEO is currently at a conference, he can send a mail that looks like its from CFO or CEO, saying I’m here in Singapore, please transfer $2 million, we need to make a transaction immediately.
The solution is to slow things down and educate every employee in the company. Make sure all business transactions are thoroughly verified and crosschecked before they are executed.
2. Insider Threats
insider threats are among the most serious cybersecurity concerns for many enterprises today, with about 67 percent of respondents in a survey saying that they had received such threats. When employees are terminated, reprimanded or they resign, they can create a backdoor, take data to competitor or create denial of service attacks.
To protect your company against this, you need to properly revoke employee credentials immediately they leave the company and do a periodic assessment like the Cytelligence.ca vulnerability assessment. In a county in Minnesota, investigations revealed that though it was in the policy manual, thousands of employees left without any of their credentials being revoked.
Ransomware is a cybersecurity threat where criminals access your network through a phishing scam or any other means, and then encrypt your data, then leave you helpless unless you pay a fee or ransom. The best way to avoid this type of threat is to inform all employees to refrain from clicking on strange links or mails and to backup all important information on a secure server. That way you can afford to wipe off all the information and avoid paying any fee and still gain access to all your data.
4. Zeus Malware
Zeus is a kind of malware that cyber criminals use to gain unlawful access to personal and banking details using keystroke logging software that grabs details from forms used on a browser. Zeus malware permits criminals to discover users’ online passwords and details of their bank accounts and use them to transfer money to themselves. The best way to avoid this type of threat is to have your systems checked one of the reputable cyber security consulting firms. The avoid clicking on any kind of link that appears to be from any bank or financial institution like the FDIC.
5. Vulnerabilities from Internet of Things
Connectivity of gadgets, also known as internet of things (IOT) makes our lives easier and more convenient. But it also introduces a lot of cyber threats and security concerns. This is particularly true when utility companies and businesses that want to help customers fix their appliances are connected during non-office hours. For example, in Minnesota, the IOT-controlled water system got shut down causing school closures and recommendations that users should boil their water before drinking.
If strong security measures are not in place, criminals can gain access to utilities like wind turbines and water towers. Also, cameras used in stores may be manipulated by hackers to watch employees type in sensitive information. That is why all default passwords and log in details must be changed after IOT systems are installed.
To avoid becoming a victim of a major cybersecurity threat, you need to consult an expert in the field of cybersecurity and forensics. They will be able to provide training, education and a thorough assessment of your systems to help avoid vulnerabilities.