COVID-19: A New Threat to Enterprise Cyber Security
Advanced technology has directly affected the immunity of Enterprise Cyber Security from Cyber-attacks. The explosion of cloud-based platforms, handheld devices and distant access points has considerably amplified the vulnerability of organizations. The Enterprise Cyber Security risk is gradually changing; encouraging organizations to strategize a shift from outdated discrete and remote security devices to a comprehensive approach that is built around open standards and integrated security tools that enable speed and scale.
The work-from-home explosion triggered by an unprecedented global pandemic of COVID-19 has brought impulsive and immediate changes to the nature of Enterprise Cyber Security. Organizations that work on traditional model of security supported by on-premises networks now face a drastic challenge to secure workers on home networks and the public Internet. That’s why; an all-inclusive Enterprise Cyber Security approach with cutting-edge behavioural analytics is required to manage the cyber threats. With this organizations can prevent new threats and work diligently to compile, analyze, and store sensitive data.
Here are six major enterprise security threats, and tips for how to avoid them during COVID-19.
CEO fraud, a newly evolved email security threat, has risen sharply in recent months. It can impersonate individuals with access to financial information or other sensitive data into making wire transfers or divulging bank account numbers, passwords and other highly valuable data via email.
To combat this, Enterprises need security, archiving and continuity cloud services that protect business email and deliver comprehensive email risk management. With this, an email security technology should be integrated that scans and filters emails in real time in order to block users from opening suspicious attachments or clicking on links which may be malicious.
The extreme news coverage regarding COVID-19 has created a new danger; phishing attacks looking to abuse public fears. These phishing attacks and scams we are seeing use both fear and fiscal incentives to create urgency to try to prompt users to respond. No matter the size of your business, IT teams are facing increased pressure to navigate the challenges of COVID-19.
Security during COVID-19 has to act as an accelerator against phishing, so the enterprise can invite new customers and enhance engagement with existing customers. Enterprise needs to take charge of their threat management operations with a proactive approach. Identify, investigate and stop threats before they become costly data breaches.
Insider threats are one of the crucial cyber-security concerns for enterprises that are often unnoticed. Employees who have either quit or got terminated have the capability to create a backdoor for themselves, or steal the confidential data for any competing company. Along with this, insider threat also occurs when employees who lack malicious intent become a threat through negligence.
In the midst of the COVID-19 pandemic, enterprise risk managers need to pay attention to unintentional insider threats. Risk managers need to manage the delicate issue of the insider threat during a time when many employees have concerns; they need support and require protection. In such scenarios, Enterprises should conduct an insider threat risk assessment on their critical business functions that could be leveraged by an insider to conduct fraud.
After years of lying dormant, the Zeus malware strain has been resurrected to capitalize on the COVID-19 pandemic in a new wave of scams. It is a type of malware that is used to steal confidential information from the victims’ computers. Once the Zeus malware gets into your system, it joins a Zeus botnet via your device and can steal information and also use your device or phishing and other activities online, without you even knowing.
Even though Zeus malware is breaching thousands of devices every day, it’s not impossible to keep your business protected. There are professional-grade solutions that can safeguard your devices and your data from outside threats and ensure that you can access your financial and business data without risk of it falling into the wrong hands.
Internet of Things (IoT) vulnerabilities
The COVID-19 pandemic is possibly the first time a biological virus has a significant impact on the security industry. The quick shift to remote working, for office workers as well as executives monitoring IoT-enabled operations remotely, unlocks threats related to extended network access. Remote access to the systems can be convenient for solving problems in off-hours, but also creates security vulnerabilities.
The rapid growth of the Internet of Things (IoT) has left enterprise networks and IoT devices extremely vulnerable to security breaches. Without strong security, Cyber-attackers can often gain access to victim’s confidential information. The heterogeneous nature of device software, insufficient monitoring, and a lack of visibility into IoT devices only add to the complexity of safeguarding enterprise IoT ecosystems. Enterprises need to develop such an infrastructure, organizations need to build in security at every stage, from application conception and design, to deployment, operations, maintenance, upgrades and retirement.
Cyber-attackers are targeting the computer networks and businesses at a time when cyber defenses might be lowered due to the shift of focus to the health crisis. While some are authentic websites, cyber-attackers are creating plenty of new sites every day to carry out spam campaigns, phishing, spreading malware or to compromise Command and Control servers.
The ransomware on other hand can enter the systems through emails containing infected links or attachments, compromised employee credentials, or by exploiting vulnerability in the system. Security experts agree that the best way to protect from ransomware is to prevent it from happening in the first place. With an increasing number of countries encouraging citizens to stay, learn or work from home, now is the moment to focus on Enterprise cyber security, whether it’s for yourself or your workplace.
Netsoftmate provides in-dept cyber security and compliance audit services to help you secure and protect your IT infrastructure against unknown threats. Talk to our experts by booking an appointment. Click on the image below –