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Guarding Against Online Threats: Safeguarding Your Business and Home

Guarding Against Online Threats: Safeguarding Your Business and Home

An estimated 306 billion emails are sent and received every day. Imagine that a little more than half of these emails are classified as spam. Your antivirus system and inbox work tirelessly to filter out massive amounts of commercial, promotional, and unwanted junk mail. However, lurking in this vast sea of ​​emails are malicious messages, which are becoming increasingly sophisticated in their tactics.

The rise of cyber-attacks via email has become a worrisome issue, with criminals taking advantage of the current COVID-19 pandemic to target both businesses and individuals. This has increased uncertainty and confusion among potential victims. These emails may appear trustworthy at first, causing users to click on a link and unwittingly allow a security breach.

It's important to have a clear understanding of the potential threats to your security, which we'll provide guidance on below, and take a proactive stance on email security.

Our customized services offer advanced antivirus software solutions, ensuring maximum security and peace of mind for your business and residential systems. Contact one of our cybersecurity experts for more information.

Understanding the dangers of cyber threats and the tactics used by malicious actors

Malicious actors exploit weaknesses in your security system, commonly known as vulnerabilities. Gaining a comprehensive understanding of the different forms of cyber threats and the tactics used to execute them is critical to enhancing your cyber security.

Here, we'll discuss some of the most common cyber threats coming from your inbox, along with the various impacts that security breaches can have on a legal, economic, and social level.

The targets and characteristics of these threats vary, and cybercriminals often have different reasons for engaging in attacks.

Phishing, Spear Phishing, and Business Email Compromise (BEC) All are serious cybersecurity threats that individuals and businesses need to be aware of. These tactics include deceptive techniques intended to trick people into divulging sensitive information or transferring funds to unauthorized parties. It is important to be vigilant and take the necessary precautions to protect yourself and your organization from falling victim to these malicious activities.

Phishing is a form of social engineering where criminals attempt to fraudulently obtain sensitive information. Most commonly appear in the form of emails (or pop-ups) that appear to come from credible sources, these messages usually ask for verification of personal details.

With the advancement of technology, the level of sophistication in email scams has also increased. According to Google, a large majority of the 'phishing' emails that Gmail blocked in 2019 were previously missed.

Phishing campaigns are usually sent to a large number of recipients, while spear phishing involves highly targeted attacks on specific individuals or businesses. According to TrendMicro, a staggering 91% of targeted attacks come from 'spear phishing' emails.

Business Email Compromise (BEC) is a targeted type of phishing where hackers impersonate high-ranking individuals, such as CEOs, to trick and deceive employees, customers, and partners.

Fraudulent and Fraudulent Activities

Similarly, spoofing is a deceptive tactic used by malicious individuals to unfairly exploit a company or person. Commonly associated with phishing, email spoofing involves using a fictitious email header to trick recipients into believing its authenticity.

These emails often contain malicious software intended not only to infect your computer, but to spread across networks.

Pharming, also known as IP spoofing, involves impersonating a real website. It is strongly associated with phishing and spoofing as links within emails often direct users to malicious websites intended to collect sensitive information.

Threats such as malware, viruses and ransomware

Malware, also known as malicious software, consists of a wide range of code that cyber attackers use to infiltrate networks, disrupt systems, or compromise data.

Viruses are a special type of malware that can copy themselves by injecting code into other programs.

Ransomware, a type of malicious software, effectively holds the data of individuals or businesses hostage. It achieves this by encrypting data and restricting access to ransom payments. According to a reliable source, in the first half of 2019, ransomware attacks in the UK increased significantly by 195%.

According to one reliable source, in 2019, a staggering 94% of all malware was delivered via email.

The importance of human involvement

Regardless of their intentions, both current and former employees can pose a threat to your cybersecurity. According to Proofpoint's Human Factors 2019 report, the majority of cyber attacks rely on human interaction to succeed. Additionally, insider actors were responsible for a large portion of data breaches, according to Verizon's report.

Results

Protecting your personal information

From a personal or business perspective, this can be incredibly damaging. With access to sensitive data, cybercriminals gain the ability to impersonate victims, leading to many potential consequences. In addition to the financial implications of fraud, it is important to recognize the damaging effects of an Account Takeover (ATO) on a business or corporation. Both the company and the customer can benefit at the same time.

Potential damage to one's reputation

The negative impact of a security breach, where customer data is lost or compromised, can seriously damage the reputation of any business. When consumer confidence is lost, it can result in significant financial losses.

In addition, any interruption in services will have a comparable impact. Denial of Service (DoS) attacks aim to overwhelm networks or servers with information overload, causing them to fail. According to a reliable source, a large number of enterprises fell victim to a DoS attack in 2018.

Abiding by the rules

The potential consequences of breaching the General Data Protection Regulation (GDPR) are significant from both a legal and financial perspective. During its initial year, a significant number of complaints were filed with various GDPR enforcement agencies, as well as a significant number of recorded data breaches.

Surprisingly, a 2018 study revealed that only half of companies feel confident in complying with GDPR regulations.

Financial expenses

Since 2015, the financial impact of cybercrime on UK businesses has been staggering, estimated at £87 billion. This amount includes money recovered from victims as well as non-compliance penalties and costs related to service interruptions or downtime.

In today's digital age, online criminal activity is a significant threat to the security of your home or business.

To provide some context on the frequency and impact of these threats, it is estimated that hackers launch an attack approximately every 39 seconds, which is 2,244 attacks per day. (Source).

Perhaps even more alarming is the data collected by IBM. The average time taken to detect a security breach is 206 days, while the average time taken to contain a breach is 314 days.

Make sure cyber security is given top priority.

By collaborating with industry leaders in computer protection, TN Computer Medics guarantees comprehensive security for your business and residential networks. Our core antivirus services include:

  • Installation of antivirus software
  • Ensuring the security of personal data and the security of identity
  • Software installation, upgrade, and maintenance services
  • Address potential threats with effective solutions
  • Continuous monitoring of well-being

To expand our security offering, we are excited to introduce two new products to our clients: Dark Web ID and Bullfish ID. These solutions have proven to be highly effective, complementing our existing partnership with ESET.

  • Dark Web ID is a very popular dark web monitoring service that takes a proactive approach to protecting users from data breaches. It offers comprehensive monitoring for stolen credentials, ensuring maximum protection.
  • Billfish ID Specializes in offering simulated phishing attacks and cybersecurity awareness training to help minimize human error.

If you would like to speak with one of our team members about effective ways to protect your home or business, please feel free to call us at +1 (615) 806-1535 or +1 (931) 315-4885 Contact at Alternatively, please fill out this form and one of our cyber security experts will respond to your inquiry promptly.

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