2024 Gartner® Market Guide for Managed Detection and Response
2024 Gartner® Market Guide for Managed Detection and Response Get the Report
Common Attack Vectors
AND KEYS TO PROTECTING YOUR BUSINESS
Your company has its own unique set of cyber risks. Your lines of business, your technical infrastructure, threats, employees, third-party vendors, and other variables all factor into your cyber risk profile.
Each year, risks continue to grow more complex and new threats raise their ugly heads. Though you can’t control the evolving cyber landscape, you can control your cybersecurity strategy.
By adopting a risk-based, proactive approach to cybersecurity aligned with your specific business objectives, compliance regulations, and desired business outcomes, you can prevent and protect your organization against cyber threats. Partnering with Pondurance will minimize your risk of falling victim to costly and damaging cyberattacks and build your cyber maturity and resiliency.
Malware, short for malicious software, is a term that encompasses a wide range of software programs designed with the intent to cause harm to computer systems, networks, and users. Cybercriminals create malware to gain unauthorized access to sensitive data, disrupt computer operations or networks, or simply spread chaos in the digital world. With the rise in our reliance on technology and the internet, it has become increasingly important for individuals and organizations alike to understand what malware is, how it works, and how they can prevent cyberattacks.
Protecting against malware requires an ongoing effort, and in many cases, organizations will implement foundational controls and partner with a cybersecurity adviser like Pondurance to ensure they have cybersecurity programs with comprehensive methods focused on their specific needs. Download our eBook to get started:
-
Install reputable antivirus software and ensure it remains up to date
-
Regularly update your operating system and all installed applications
-
Enable built-in firewalls on your devices
-
Be cautious of email attachments and links from unknown sources
-
Utilize strong passwords and enable multifactor authentication (MFA) where possible
-
Create regular backups of your important files and store them securely offsite
-
-
Employee training – Educate staff members about potential threats such as phishing emails and social engineering tactics employed by cybercriminals
-
Network segmentation – Divide your organization’s network into separate zones to minimize the spread of malware should an attack occur
-
Vulnerability management – Regularly assess, identify, and remediate vulnerabilities in your IT infrastructure before they can be exploited by attackers
-
Incident response planning – Develop a well-defined incident response plan outlining roles, responsibilities, and procedures to follow when faced with a security breach
-
Ransomware is a malicious type of software designed to encrypt an individual’s or organization’s data, rendering it inaccessible until a ransom demand is met. Ransomware attacks are becoming more prevalent against companies of all industries. Cybercriminals are changing the techniques they use to execute attacks. Initially, ransomware had a single function where the attacker entered a network and encrypted the data. It then evolved to double extortion where the attacker now steals data and threatens to leak it and encrypts the data and holds it for ransom.
Cybersecurity organizations like Pondurance take a risk-based approach to your cybersecurity needs and focus efforts aligned with your business objectives and desired outcomes. Pondurance assists organizations with implementing foundational controls and offers specialized services aimed at helping clients protect against potential threats like ransomware attacks. Download our eBook, or check out our blog library on ransomware to learn more.
-
Keep all computers and devices patched
-
Enable MFA
-
Limit user access
-
Allow only authorized applications
-
Use network segmentation
-
Limit remote access as much as possible
-
Establish 360-degree visibility
-
Monitor and analyze logs
-
Provide consistent security awareness training
-
Encrypt endpoints
-
Phishing
Phishing is a deceptive practice that cybercriminals employ to obtain sensitive information, such as login credentials, credit card numbers, and personal data from unsuspecting individuals. Cybersecurity experts have identified this nefarious activity as one of the most prevalent threats in today’s digital landscape. With a primary focus on email communications, phishing attacks often involve fraudsters posing as legitimate entities to deceive their targets into revealing valuable information or executing actions that could compromise their security. Organizations must remain vigilant in educating their staff about the various phishing examples and how to protect against such threats.
ADDITIONAL PHISHING RESOURCES
Spear Phishing
Spear phishing is a highly targeted digital social engineering attack that aims to deceive individuals into divulging sensitive information or granting unauthorized access to their accounts. This form of cyberattack has gained notoriety in recent years due to its increasing prevalence and sophistication. Unlike traditional phishing techniques, which cast a wide net in hopes of ensnaring unsuspecting users, spear phishing involves meticulously crafted messages designed to appeal specifically to the intended victim. By impersonating familiar contacts or trusted organizations, these malicious communications can be exceedingly difficult to recognize and resist.
Protecting against spear phishing requires a multifaceted approach that combines employee education and training, robust email security measures, and swift incident response capabilities. By partnering with cybersecurity experts like those at Pondurance who offer managed detection and response and incident response services, organizations can significantly enhance their security postures and reduce the likelihood of falling victim to these highly targeted and deceptive attacks.
ADDITIONAL SPEAR PHISHING RESOURCES
Business Email Compromise (BEC)
BEC is a sophisticated form of phishing attack that targets organizations and their employees. By exploiting human vulnerabilities, BEC perpetrators deceive victims into transferring funds or disclosing sensitive information to unauthorized recipients. A typical BEC attack often begins with a phishing email that appears to come from a trusted source such as a high-ranking executive within the organization.
The key to organizations protecting themselves and their employers from falling victim to a BEC scam is educating employees on how to scrutinize incoming emails for signs of fraudulence and how to validate requests for sensitive information. Organizations can instruct employees to contact the purported sender through an independent channel such as a phone call or text message, establish robust internal controls within the organization, implement policies requiring multiple approvals for large financial transactions, and conduct periodic audits and reconciliations to detect unauthorized payments.
ADDITIONAL BEC RESOURCES
How to Avoid Phishing
Phishing attacks in cyber security have been an ongoing concern for both individuals and businesses alike. These malicious attempts to deceive people into revealing their sensitive information, such as passwords or banking details, are becoming increasingly sophisticated. Organizations must remain vigilant in educating their staff about the various phishing examples and how to protect against such threats.
Spear phishing, for example, is a targeted form of phishing attack where the perpetrator specifically focuses on an individual or organization. In contrast, traditional phishing attacks may cast a wider net across multiple potential victims. The attacker may impersonate a trusted colleague or boss and send emails requesting sensitive information or directing them to visit a phishing attack website.
To avoid falling victim to these deceptive schemes, corporate employees need to practice caution in several areas. Firstly, it’s crucial never to click on suspicious links or download attachments from unknown sources. If an email seems odd or requests personal data unexpectedly, it’s always better to verify the legitimacy of the request by contacting the supposed sender through another channel (e.g., phone call). This extra step can help prevent cases of mistaken identity, ensuring that valuable data remains secure.
How to stop phishing emails requires vigilance and awareness from everyone within the organization. Employees should be encouraged to report any suspicious emails they receive so that IT departments can investigate and take necessary action. Utilizing strong spam filters and continuously updating security software will further mitigate risks.
Mobile devices are not immune from these threats either; hence it’s essential to know how to avoid phishing emails on phones as well. Similar precautions apply – scrutinize links before clicking, use reputable apps for accessing email accounts, keep software up-to-date and enable built-in security features provided by device manufacturers.
Ultimately, organizations must prioritize cybersecurity education for all employees, thereby fostering a culture of vigilance against online threats. Excellent training programs combined with practical tips on how to prevent phishing will empower staff members with the knowledge and skills required to recognize potential risks early on and avoid falling prey to scammers who aim to exploit their trust for nefarious purposes.
Phishing scams can be major factors in gaining access to account numbers, social media, or social security numbers. Identity theft, and threats to an organization can be mitigated however with strong awareness training on anti phishing techniques. Pondurance recommends a few standard techniques for mitigating attacks by phishing. Users should never:
Open an attachment of unknown origin
Send money to unknown entities
Provide their phone number when prompted on an unfamiliar email
What is Phishing?
Phishing is a deceptive practice that cybercriminals employ to obtain sensitive information, such as login credentials, credit card numbers, and personal data from unsuspecting individuals. Cybersecurity experts have identified this nefarious activity as one of the most prevalent threats in today’s digital landscape. With a primary focus on email communications, phishing attacks often involve fraudsters posing as legitimate entities in an attempt to deceive their targets into revealing valuable information or executing actions that could compromise their security.
A prime example of phishing emails is when an attacker crafts a message that appears to come from a reputable organization, such as a bank or government agency. These malicious emails often contain urgent requests for the recipient to update their account information or verify their identity by clicking on a provided link. However, upon closer inspection, the embedded link generally leads to a fake website designed to harvest the victim’s personal information.
Phishing attacks can also manifest themselves in various forms within the realm of computer and cybersecurity. One such instance is spear-phishing. In this highly targeted approach, attackers conduct thorough research on their intended victim and tailor their communication based on specific details about the individual or organization being targeted.
In real life situations, employees are frequently targeted for phishing attacks due to their access to valuable company data and systems. To mitigate these risks and protect both personal and corporate assets from potential breaches, it is crucial for employees to adopt best practices for safeguarding against these cyber threats.
Firstly, it is important for staff members to be vigilant when receiving unsolicited emails asking for sensitive information or prompting them to click on suspicious links. By carefully examining sender details and scrutinizing email content for inconsistencies or errors in grammar and formatting, employees can better identify potential spam email examples.
Secondly, businesses should invest in cybersecurity training programs aimed at educating team members about common phishing tactics and strategies employed by attackers. This includes teaching employees how to recognize phishing email examples and encouraging them to report any suspicious activity to their IT department for further investigation.
Lastly, organizations must ensure that they have robust security measures in place, such as multi-factor authentication, up-to-date anti-virus software, and firewalls. These tools can help prevent unauthorized access to company systems and data even if an employee inadvertently falls victim to a phishing attack.
In conclusion, understanding the various facets of phishing attacks is essential for both individuals and businesses seeking to safeguard their sensitive information. By promoting cybersecurity awareness in the workplace and implementing robust protective measures at both the individual and organizational levels, companies can significantly reduce the risk of falling prey to these malicious schemes.
How to Identify Phishing Emails
Email phishing is a deceitful and manipulative method utilized by cybercriminals to obtain sensitive information, such as login credentials, credit card numbers, or bank account details from unsuspecting individuals. These nefarious actors often pose as reputable businesses or trusted entities in order to dupe their targets into revealing valuable data. This malicious practice has become increasingly prevalent and sophisticated over the years, making it even more vital for corporate employees to be well-informed and vigilant when encountering potential phishing emails.
To effectively identify phishing emails, one must be familiar with various telltale signs that indicate an email may be fraudulent. One common red flag is an unexpected email from a supposedly legitimate organization, especially if it contains links or attachments. These emails often feature unprofessional language riddled with grammatical errors and spelling mistakes. Additionally, the email’s tone may come across as urgent or threatening in a bid to provoke immediate action from the recipient.
Another useful tactic for identifying phishing emails is to scrutinize the sender’s address diligently. Cybercriminals often attempt to mimic legitimate email addresses but will typically have discrepancies or inconsistencies that can alert a cautious recipient. Moreover, hovering over embedded links before clicking on them can reveal deceptive URL addresses designed to lead victims to counterfeit websites.
As technology evolves rapidly and cybercriminals employ more advanced techniques in their phishing campaigns, staying up-to-date on the latest phishing email trends is crucial for corporate employees who wish to safeguard their personal and company information effectively.
One way of staying informed about the latest phishing email tactics is through regular training sessions offered by organizations specializing in cybersecurity awareness. These sessions can educate employees on recognizing newly-emerging threats while also reinforcing best practices when dealing with suspicious emails.
In addition to vigilance and education, reporting suspected phishing emails promptly is another essential aspect of combating this pervasive threat. For those using Microsoft Outlook as their primary email service, reporting suspicious emails can be done quickly through built-in features such as the “Report Message” add-in or the “Junk Email” reporting option. These tools not only protect the user from potential harm but also help security teams identify and address phishing attacks targeting the organization.
In conclusion, understanding how to identify phishing emails, staying abreast of the latest phishing email trends, and knowing how to report suspicious emails are all critical skills for corporate employees who wish to avoid falling victim to these malicious schemes. By remaining vigilant and proactive in their approach to email security, employees can significantly reduce the risk of a successful phishing attack on their personal or company information.
Business Email Compromise
Business email compromise (BEC) is a sophisticated form of phishing attack that targets organizations and their employees. By exploiting human vulnerabilities, BEC perpetrators deceive victims into transferring funds or disclosing sensitive information to unauthorized recipients. This type of cybercrime has been on the rise in recent years, with the FBI estimating that global losses from BEC attacks reached a staggering $26 billion between 2013 and 2019.
Endpoint detection and response (EDR) systems have emerged as a crucial defense mechanism against such threats, providing continuous monitoring and analysis of user activities across corporate networks. By identifying unusual patterns or behaviors, EDR solutions can help organizations detect potential BEC attacks early in the process, thereby minimizing the risk of financial loss or reputational damage.
Ransomware endpoint protection is another essential security measure that businesses should invest in to safeguard their digital assets from extortion attempts. This technology prevents unauthorized access to company databases and files by encrypting them in case of an attack. It also enables fast recovery by allowing system administrators to restore encrypted data from secure backups without paying ransoms to cybercriminals.
A typical BEC attack often begins with a phishing email that appears to come from a trusted source: a high-ranking executive within the organization, for example. The message might request an urgent wire transfer or ask for sensitive data like employee tax records. In some instances, cybercriminals may even impersonate vendors by sending counterfeit invoices demanding payment for nonexistent goods or services.
To protect themselves and their employers from falling victim to a BEC scam, employees must remain vigilant and adhere to best practices in cybersecurity. One effective strategy involves scrutinizing incoming emails for signs of fraudulence: unusual sender addresses, grammatical errors, or requests for urgency are all red flags that warrant further investigation.
Another vital component of thwarting BEC phishing attempts is establishing robust internal controls within the organization. Companies should implement policies requiring multiple approvals for large financial transactions, as well as periodic audits and reconciliations to detect unauthorized payments. Employees should also be encouraged to validate requests for sensitive information by contacting the purported sender through an independent channel, such as a phone call or text message.
Ultimately, the key to mitigating the risk of business email compromise lies in fostering a culture of security awareness among all employees. Regular training sessions that educate staff members on emerging cyber threats, along with practical guidance on how to identify and respond to suspicious emails, can go a long way in safeguarding valuable company resources from increasingly cunning adversaries.