Small Businesses Are Attacked by Hackers 3x More than Larger Ones

by Blog | Oct 15, 2022 | Cybersecurity

Have you felt more secure from cyberattacks because you have a smaller business? Maybe you thought that you couldn’t possibly have anything that a hacker could want? Didn’t think they even knew about your small business.

Well, a new report by cybersecurity firm Barracuda Networks debunks this myth. Their report analyzed millions of emails across thousands of organizations. It found that small companies have a lot to worry about when it comes to their IT security.

Barracuda Networks found something alarming. Employees at small companies saw 350% more social engineering attacks than those at larger ones. It defines a small company as one with less than 100 employees. This puts small businesses at a higher risk of falling victim to a cyberattack. We’ll explore why below.

Why Are Smaller Companies Targeted More?

There are many reasons why hackers see small businesses as low-hanging fruit. And why they are becoming larger targets of hackers out to score a quick illicit buck.

Small Companies Tend to Spend Less on Cybersecurity

When you’re running a small business, it’s often a juggling act of where to prioritize your cash. You may know cybersecurity is important, but it may not be at the top of your list. So, at the end of the month, cash runs out, and it’s moved to the “next month” wish list of expenditures.

Small business leaders often don’t spend as much as they should on their IT security. They may buy an antivirus program and think that’s enough to cover them. But with the expansion of technology to the cloud, that’s just one small layer. You need several more for adequate security.

Hackers know all this and see small businesses as an easier target. They can do much less work to get a payout than they would, trying to hack into an enterprise corporation.

Every Business Has “Hack-Worthy” Resources

Every business, even a 1-person shop, has data that’s worth scoring for a hacker. Credit card numbers, SSNs, tax ID numbers, and email addresses are all valuable. Cybercriminals can sell these on the Dark Web. From there, other criminals use them for identity theft.

Here are some of the data that hackers will go after:

• Customer records
• Employee records
• Bank account information
• Emails and passwords
• Payment card details

Small Businesses Can Provide Entry Into Larger Ones

If a hacker can breach the network of a small business, they can often make a larger score. Many smaller companies provide services to larger companies. This can include digital marketing, website management, accounting, and more.

Vendors are often digitally connected to certain client systems. This type of relationship can enable a multi-company breach. While hackers don’t need that connection to hack you, it is a nice bonus. They can get two companies for the work of one.

Small Business Owners Are Often Unprepared for Ransomware

Ransomware has been one of the fastest-growing cyberattacks of the last decade. So far in 2022, over 71% of surveyed organizations experienced ransomware attacks.

The percentage of victims that pay the ransom to attackers has also been increasing. Now, an average of 63% of companies pay the attacker money in hopes of getting a key to decrypt the ransomware.

Even if a hacker can’t get as much ransom from a small business as they can from a larger organization, it’s worth it. They often can breach more small companies than they can larger ones.

When companies pay the ransom, it feeds the beast and more cyber criminals join in. And those newer to ransomware attacks will often go after smaller, easier-to-breach companies.

Employees at Smaller Companies Usually Aren’t Trained in Cybersecurity

Another thing is not usually high on the list of priorities for a small business owner. We’re talking about ongoing employee cybersecurity training. They may be doing all they can just to keep good staff. Plus, priorities are often sales and operations.

Training employees on how to spot phishing and password best practices often isn’t done. This leaves networks vulnerable to one of the biggest dangers, human error.

In most cyberattacks, the hacker needs help from a user. It’s like the vampire needing the unsuspecting victim to invite them inside. Phishing emails are the device used to get that unsuspecting cooperation.

Phishing causes over 80% of data breaches.

A phishing email sitting in an inbox can’t usually do anything. It needs the user to either open a file attachment or click a link that will take them to a malicious site. This then launches the attack.

Teaching employees how to spot these ploys can significantly increase your cybersecurity. Security awareness training is as important as having a strong firewall or antivirus.

Need Affordable IT Security Services for Your Small Business?

Reach out today to schedule a technology consultation. We offer affordable options for small companies. This includes many ways to keep you protected from cyber threats.

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This Article has been Republished with Permission from The Technology Press.

You Need to Watch Out for Reply-Chain Phishing Attacks

by Blog | Sep 30, 2022 | Cybersecurity

Phishing. It seems you can’t read an article on cybersecurity without it coming up. That’s because phishing is still the number one delivery vehicle for cyberattacks.

A cybercriminal may want to steal employee login credentials. Or wish to launch a ransomware attack for a payout. Or possibly plant spyware to steal sensitive info. Sending a phishing email can do them all

80% of surveyed security professionals say that phishing campaigns have significantly increased post-pandemic.

Phishing not only continues to work, but it’s also increasing in volume due to the move to remote teams. Many employees are now working from home. They don’t have the same network protections they had when working at the office.

Why has phishing continued to work so well after all these years? Aren’t people finally learning what phishing looks like?

It’s true that people are generally more aware of phishing emails and how to spot them than a decade ago. But it’s also true that these emails are becoming harder to spot as scammers evolve their tactics.

One of the newest tactics is particularly hard to detect. It is the reply-chain phishing attack.

What is a Reply-Chain Phishing Attack?

Just about everyone is familiar with reply chains in email. An email is copied to one or more people, one replies, and that reply sits at the bottom of the new message. Then another person chimes in on the conversation, replying to the same email.

Soon, you have a chain of email replies on a particular topic. It lists each reply one under the other so everyone can follow the conversation.

You don’t expect a phishing email tucked inside that ongoing email conversation. Most people are expecting phishing to come in as a new message, not a message included in an ongoing reply chain.

The reply-chain phishing attack is particularly insidious because it does exactly that. It inserts a convincing phishing email in the ongoing thread of an email reply chain.

How Does a Hacker Gain Access to the Reply Chain?

How does a hacker gain access to the reply chain conversation? By hacking the email account of one of those people copied on the email chain.

The hacker can email from an email address that the other recipients recognize and trust. They also gain the benefit of reading down through the chain of replies. This enables them to craft a response that looks like it fits.

For example, they may see that everyone has been weighing in on a new product idea for a product called Superbug. So, they send a reply that says, “I’ve drafted up some thoughts on the new Superbug product, here’s a link to see them.”

The link will go to a malicious phishing site. The site might infect a visitor’s system with malware or present a form to steal more login credentials.

The reply won’t seem like a phishing email at all. It will be convincing because:

• It comes from an email address of a colleague. This address has already been participating in the email conversation.
• It may sound natural and reference items in the discussion.
• It may use personalization. The email can call others by the names the hacker has seen in the reply chain.

Business Email Compromise is Increasing

Business email compromise (BEC) is so common that it now has its own acronym. Weak and unsecured passwords lead to email breaches. So do data breaches that reveal databases full of user logins. Both are contributors to how common BEC is becoming.

In 2021, 77% of organizations saw business email compromise attacks. This is up from 65% the year before.

Credential theft has become the main cause of data breaches globally. So, there is a pretty good chance of a compromise of one of your company’s email accounts at some point.

The reply-chain phishing attack is one of the ways that hackers turn that BEC into money. They either use it to plant ransomware or other malware or to steal sensitive data to sell on the Dark Web.

Tips for Addressing Reply-Chain Phishing

Here are some ways that you can lessen the risk of reply-chain phishing in your organization:

• Use a Business Password Manager:

This reduces the risk that employees will reuse passwords across many apps. It also keeps them from using weak passwords since they won’t need to remember them anymore.

• Put Multi-Factor Controls on Email Accounts:

Present a system challenge (question or required code). Using this for email logins from a strange IP address can stop account compromise.

• Teach Employees to be Aware:

Awareness is a big part of catching anything that might be slightly “off” in an email reply. Many attackers do make mistakes.

How Strong Are Your Email Account Protections?

Do you have enough protection in place on your business email accounts to prevent a breach? Let us know if you’d like some help! We have email security solutions that can keep you better protected.

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This Article has been Republished with Permission from The Technology Press.

What Should You Do to Reduce Risk When Your Mobile Device Goes Missing?

by Blog | Sep 25, 2022 | Cybersecurity

Few things invoke instant panic like a missing smartphone or laptop. These devices hold a good part of our lives. This includes files, personal financials, apps, passwords, pictures, videos, and so much more.

The information they hold is more personal than even that which is in your wallet. It’s because of all your digital footprints. This makes a lost or stolen device a cause for alarm.

It’s often not the device that is the biggest concern. It’s the data on the device and access the device has to cloud accounts and websites. The thought of that being in the hands of a criminal is quite scary.

There are approximately 70 million lost smartphones every year. The owners only recover about 7% of them. Workplace theft is all too common. The office is where 52% of stolen devices go missing.

If it’s a work laptop or smartphone that goes missing, even worse. This can mean the company is subject to a data privacy violation. It could also suffer a ransomware attack originating from that stolen device.

In 2020, Lifespan Health System paid a $1,040,000 HIPAA fine. This was due to an unencrypted stolen laptop breach.

The Minutes After the Loss of Your Device Are Critical

The things you do in the minutes after missing a device are critical. This is the case whether it’s a personal or business device. The faster you act, the less chance there is for exposure of sensitive data.

What Types of Information Does Your Device Hold?

When a criminal gets their hands on a smartphone, tablet, or laptop, they have access to a treasure trove. This includes:

• Documents
• Photos & videos
• Access to any logged-in app accounts on the device
• Passwords stored in a browser
• Cloud storage access through a syncing account
• Emails
• Text messages
• Multi-factor authentication prompts that come via SMS
• And more

Steps to Take Immediately After Missing Your Device

As we mentioned, time is of the essence when it comes to a lost mobile device. The faster you act, the more risk you mitigate for a breach of personal or business information.

Here are steps you should take immediately after the device is missing.

Activate a “Lock My Device” Feature

Most mobile devices and laptops will include a “lock my device” feature. It allows for remote activation if you have enabled it. You will also need to enable “location services.” While good thieves may be able to crack a passcode, turning that on immediately can slow them down.

What about “find my device?”

There is usually also a “find my device” feature available in the same setting area. Only use this to try to locate your device if you feel it’s misplaced, but not stolen. You don’t want to end up face to face with criminals!

Report the Device Missing to Your Company If It’s Used for Work

If you use the device for business, notify your company immediately. Even if all you do is get work email on a personal smartphone, it still counts. Many companies use an endpoint device manager. In this case, access to the company network can be immediately revoked.

Reporting your device missing immediately can allow your company to act fast. This can often mitigate the risk of a data breach.

Log Out & Revoke Access to SaaS Tools

Most mobile devices have persistent logins to SaaS tools. SaaS stands for Software as a Service. These are accounts like Microsoft 365, Trello, Salesforce, etc.

Use another device to log into your account through a web application. Then go to the authorized device area of your account settings. Locate the device that’s missing, and log it out of the service. Then, revoke access, if this is an option.

This disconnects the device from your account so the thief can’t gain access.

Log Out & Revoke Access to Cloud Storage

It’s very important to include cloud storage applications when you revoke access. Is your missing device syncing with a cloud storage platform? If so, the criminal can exploit that connection.

They could upload a malware file that infects the entire storage system. They could also reset your device to resell it, and in the process delete files from cloud storage.

Active a “Wipe My Device” Feature

Hopefully, you are backing up all your devices. This ensures you have a copy of all your files in the case of a lost device.

Does it look like the device is not simply misplaced, but rather stolen or lost for good? If so, then you should use a remote “wipe my device” feature if it has been set up. This will wipe the hard drive of data.

Need Mobile Device Security Solutions?

No matter what size company you have, mobile device management is vital. Contact us to learn more about our endpoint security solutions.

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This Article has been Republished with Permission from The Technology Press.

How Using the SLAM Method Can Improve Phishing Detection

by Blog | Aug 31, 2022 | Cybersecurity

There is a reason why phishing is usually at the top of the list for security awareness training. For the last decade or two, it has been the main delivery method for all types of attacks. Ransomware, credential theft, database breaches, and more launch via a phishing email.

Why has phishing remained such a large threat for so long? Because it continues to work. Scammers evolve their methods as technology progresses. They use AI-based tactics to make targeted phishing more efficient, for example.

If phishing didn’t continue working, then scammers would move on to another type of attack. But that hasn’t been the case. People continue to get tricked. They open malicious file attachments, click on dangerous links, and reveal passwords.

In May of 2021, phishing attacks increased by 281%. Then in June, they spiked another 284% higher.

Studies show that as soon as 6 months after training, phishing detection skills wane. Employees begin forgetting what they’ve learned, and cybersecurity suffers as a result.

Want to give employees a “hook” they can use for memory retention? Introduce the SLAM method of phishing identification.

What is the SLAM Method for Phishing Identification?

One of the mnemonic devices known to help people remember information is the use of an acronym. SLAM is an acronym for four key areas of an email message to check before trusting it.

These are:

S = Sender
L = Links
A = Attachments
M = Message text

By giving people the term “SLAM” to use, it’s quicker for them to check suspicious email. This device helps them avoid missing something important. All they need to do use the cues in the acronym.

Check the Sender

It’s important to check the sender of an email thoroughly. Often scammers will either spoof an email address or use a look-alike. People often mistake a spoofed address for the real thing.

In this phishing email below, the email address domain is “@emcom.bankofamerica.com.” The scammer is impersonating Bank of America. This is one way that scammers try to trick you, by putting the real company’s URL inside their fake one.

You can see that the email is very convincing. It has likely fooled many people into divulging their personal details. People applying for a credit card provide a Social Security Number, income, and more.

Doing a quick search on the email address, quickly reveals it to be a scam. And a trap used in both email and SMS phishing attacks.

It only takes a few seconds to type an email address into Google. This allows you to see if any scam warnings come up indicating a phishing email.

Hover Over Links Without Clicking

Hyperlinks are popular to use in emails. They can often get past antivirus/anti-malware filters. Those filters are looking for file attachments that contain malware. But a link to a malicious site doesn’t contain any dangerous code. Instead, it links to a site that does.

Links can be in the form of hyperlinked words, images, and buttons in an email. When on a computer, it’s important to hover over links without clicking on them to reveal the true URL. This often can immediately call out a fake email scam.

When looking at email on a mobile device, it can be trickier to see the URL without clicking on it. There is no mouse like there is with a PC. In this case, it’s best not to click the URL at all. Instead go to the purported site to check the validity of the message.

Never Open Unexpected or Strange File Attachments

File attachments are still widely used in phishing emails. Messages may have them attached, promising a large sale order. The recipient might see a familiar word document and open it without thinking.

It’s getting harder to know what file formats to avoid opening. Cybercriminals have become savvier about infecting all types of documents with malware. There have even been PDFs with malware embedded.

Never open strange or unexpected file attachments. Use an antivirus/anti-malware application to scan all attachments before opening.

Read the Message Carefully

We’ve gotten great at scanning through text as technology has progressed. It helps us quickly process a lot of incoming information each day. But if you rush through a phishing email, you can miss some telltale signs that it’s a fake.

Look at the phishing example posted above in the “Links” section. There is a small error in grammar in the second sentence. Did you spot it?

It says, “We confirmation that your item has shipped,” instead of “We confirm that your item has shipped.” These types of errors can be hard to spot but are a big red flag that the email is not legitimate.

Get Help Combatting Phishing Attacks

Both awareness training and security software can improve your defenses against phishing attacks. Contact us today to discuss your email security needs.

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This Article has been Republished with Permission from The Technology Press.

Did You Just Receive a Text from Yourself? Learn What Smishing Scams to Expect

by Blog | Aug 25, 2022 | Cybersecurity

How many text messages from companies do you receive today as compared to about two years ago? If you’re like many people, it’s quite a few more.

This is because retailers have begun bypassing bloated email inboxes. They are urging consumers to sign up for SMS alerts for shipment tracking and sale notices. The medical industry has also joined the trend. Pharmacies send automated refill notices and doctor’s offices send SMS appointment reminders.

These kinds of texts can be convenient. But retail stores and medical practices aren’t the only ones grabbing your attention by text. Cybercriminal groups are also using text messaging to send out phishing.

Phishing by SMS is “smishing,” and it’s becoming a major problem.

Case in point, in 2020, smishing rose by 328%, and during the first six months of 2021, it skyrocketed nearly 700% more. Phishing via SMS has become a big risk area. Especially as companies adjust data security to a more remote and mobile workforce.

How Can I Text Myself?

If you haven’t yet received a text message only to find your own phone number as the sender, then you likely will soon. This smishing scam is fast making the rounds and results in a lot of confusion. Confusion is good for scammers. It often causes people to click a malicious link in a message to find out more details.

Cybercriminals can make it look like a text message they sent you is coming from your number. They use VoIP connections and clever spoofing software.

If you ever see this, it’s a big giveaway that this is an SMS phishing scam. You should not interact with the message in any way and delete it instead. Some carriers will also offer the option to delete and report a scam SMS.

Popular Smishing Scams to Watch Out For

Smishing is very dangerous right now because many people are not aware of it. There’s a false sense of security. People think only those they have given it to will have their phone number.

But this isn’t the case. Mobile numbers are available through both legitimate and illegitimate methods. Advertisers can buy lists of them online. Data breaches that expose customer information are up for grabs on the Dark Web. This includes mobile numbers.

Less than 35% of the population knows what smishing is.

It’s important to understand that phishing email scams are morphing. They’ve evolved into SMS scams that may look different and be harder to detect.

For example, you can’t check the email address to see if it’s legitimate. Most people won’t know the legitimate number that Amazon shipping updates come from.

Text messages also commonly use those shortened URLs. These mask the true URL, and it’s not as easy to hover over it to see it on a phone as it is on a computer.

You need to be aware of what’s out there. Here are some of the popular phishing scams that you may see in your own text messages soon.

Problem With a Delivery

Who doesn’t love getting packages? This smishing scam leverages that fact and purports to be from a known shipper like USPS or FedEx. It states that there is a package held up for delivery to you because it needs more details.

The link can take users to a form that captures personal information used for identity theft. One tactic using this scam is to ask for a small monetary sum to release a package. Scammers created the site to get your credit card number.

Fake Appointment Scheduling

This scam happened to a community in South Carolina. They had recently had an installation of AT&T fiber internet lines in their neighborhood. Following the installation, AT&T did a customer drive to sign people up for the service.

During this time, one homeowner reported that he received a text message. It pretended to be from AT&T about scheduling his fiber internet installation. He thought it was suspicious because the address they gave was wrong. The scammer had wanted him to text back personal details.

Get Your Free Gift

Another recent smishing scam is a text message that doesn’t say who it’s from. It says, “Thank you for your recent payment. Here is a free gift for you.” It includes a link at the bottom of the message.

This is a widespread scam that many have noted online. And it’s an example of a scammer using a common fact. The fact that most people would’ve paid some type of bill recently and mistake the text to be from a company they know. It also lures people in with the promise of giving them a free gift.

Does Your Mobile Device Have the Security It Needs?

Smishing scams are very clever and can easily infect your device with malware. Do you have the proper security precautions (mobile antivirus, DNS filtering, etc.)?

If not, give us a call. We can help!

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This Article has been Republished with Permission from The Technology Press.