Tag Archives: Cybersecurity risks

What Is IT Compliance?

The term IT compliance is frequently heard these days in relation to running an organization and making sure that they keep within the regulations of a third party or a specific client. It is essentially a process that companies go through in order to keep within these predetermined guidelines or boundaries. The main goal of IT compliance is to satisfy the minimum requirements when it comes to security implementation and risk reduction.

IT Compliance versus IT Security

There is a blurry line between IT compliance and IT security, with many people confusing one for the other. While both aim to ensure the security of a company or organization in the digital environment, the level of commitment involved can be very different.

With IT security, the implementing body will go to great lengths to keep the assets of the organization as protected as can be. They will utilize the most cutting edge technology solutions to safeguard against any and all possible online threats known to man. In other words, IT security aims to follow best practices for the protection of the system or network.

IT compliance, on the other hand, simply aims to satisfy the minimum requirements of a third party, like the government or a contracting agent. Such third parties might have their own set of regulations that a company will have to fulfill in order to continue with operations. Such fulfillment of these regulations is what IT compliance is all about.

The Importance of IT Compliance in Cybersecurity

Although it does not necessarily guarantee that your company will be completely safe from online mishaps, IT compliance is a must. For starters, you won’t be able to continue operating if you fail to comply with even one small regulation.

Much more importantly, complying with IT rules and guidelines greatly reduces the risk that you face online. Of course, it is the third party that determines the standards of risk reduction. If you feel that the security procedures that they require are not enough to completely protect you online, you are free to implement even more advanced security measures that meet your needs.

In many cases, though, the simple act of IT compliance will already put you in a much safer place. In your own company, you can create your own compliance program that will effectively manage online risks and avert online attacks that could potentially lead to a dangerous data breach.

How a Managed Services Provider Can Help

Many companies, particularly those that are not directly operating in the IT industry, are not well-versed when it comes to IT compliance and such matters. In this case, the best move would be to partner with a reliable managed services provider that can take care of all the hard work and technical stuff for you.

We will guarantee that you comply with all the IT requirements that apply to your industry, region, or whatnot. We can also design and implement your own IT compliance program to further protect you from online dangers. Furthermore, we will train your employees on the best practices for ensuring IT compliance and protecting your network and data.

If, however, you feel that you have already been hacked, we have provided a free 10-step guide on what you should do to quickly remediate and be on the fastest road to recovery.

Many companies tend to be lax when it comes to IT compliance, only to learn their lesson after becoming victim to a data breach, by which it would be too late. Don’t wait for this to happen to your organization. Give us a call, let us take care of your IT compliance requirements today and give you the best cybersecurity solutions so you can continue running your business in peace without having to worry about online threats.

February Recap: Personal Identifiable Information (PII) In Data Security

Personal Identifiable Information (PII)

This month, we focused on a variety of topics regarding personal identifiable information (PII). PII includes an individual’s name, address, phone number, and medical history. In this digital age, PII is increasingly being stolen from unsuspecting individuals and organizations alike. PII allows cybercriminals to easily access financial accounts, and commit identity theft, and other crimes.

You can never really underestimate these hackers and the havoc they can wreak. Just to give you an idea, take a look at some of our latest blogs about PII.

Breaches

Week 1: Top Data Breaches in 2022

In one of our recent blogs, we enumerate the top 10 data breaches in 2022 so far. These data breaches have resulted in millions of dollars worth of losses and have affected millions of unsuspecting individuals.

Data Breaches to Steal Money

Cryptocurrency websites have been attacked, with about $33 million stolen from Crypto.com in January and $625 million from Ronin Crypto, also within the first quarter of the year. Microsoft and Twitter have also been victims of massive attacks, which they are fortunately able to catch shortly.

Data Breaches to Steal Personal Identifiable Information

Other massive data breaches in the year have involved stolen credit card information sold on the dark web, insurance, and healthcare records stolen from the Australian healthcare and insurance company called Medibank, and data on missing persons stolen from Red Cross.

How Data Breaches Happen

The hacker used someone’s personal information to break into the company’s highly protected network, causing these data breaches.

identifiable Information

Week 2: Understanding Personal Identifiable Information

Personal identifiable information or PII refers to any data or detail that can be used to unequivocally identify an individual. Some of the more popularly used PII are a person’s full name, social security number, and biometrics. We talk more about PII in another of our recent blogs.

Because of the power that these bits of information wield, hackers aim to collect them by whatever means necessary. Once they get their hands on this critical data, they will be able to easily gain access to restricted areas of companies, both online and offline.

Securing Information with a Data Privacy Framework

The importance of personal identifiable information is very clear. With this in mind, it is just as important to keep this data as safe as possible. One of the best ways to ensure this is to use a reliable data privacy framework.

There are many existing ones that you can use but for the highest level of protection, it is best that you have your own framework, designed and built specifically for your company. With such a security solution in place, you can be more at ease knowing that you are better protected against potential intruders.

pii

Week 3: Protecting Your Personal Identifiable Information

In week three, we talk about specific things you can do to protect your personal identifiable information. Because no matter how much you trust your data privacy strategy, you should still take all the steps you can to be ahead of hackers at all times. Our guide lists some effective ways to protect your PII both online and offline. Read the full blog here.

Recovering from Getting Hacked

So, you have been very careful and you have done everything that you are supposed to do to keep your PII safe. But despite all this, it is still possible for some really ingenious hackers to get into your system. In case that happens, here is our Free Breach Infographic that tells you how to quickly recover from whatever damage has been done. Want to learn more about PII and how to keep your data safe? Call us today and let’s have a talk!

Top 10 Data Breaches in 2022

Breaches

Cybersecurity tools and strategies have improved by a huge margin over the years. However, data breaches remain to be one of the biggest online threats. This means you can never let your guard down especially when you are operating online. In fact, even huge global companies with seemingly ironclad security systems can still be vulnerable to these attacks.

Many large companies have suffered massive data breaches this year, leaking confidential data, losing millions of dollars, and other damages. Here are the ten worst cases that have happened so far in 2022.

Crypto.com Theft

In January, hackers were able to find a way around Crypto.com’s 2-factor authentication, getting access to about $18 million in Bitcoin and $15 million in Ethereum.

Red Cross Data Breaches

It was also in January when online attackers breached the Red Cross database, specifically that of their Restoring Family Links Program. Information of individuals and families separated by war and other causes, as well as missing persons, were stolen. The Red Cross was able to stop the attacks by immediately taking their servers offline.

Ronin Crypto Theft

The Axie Infinity game became wildly popular early in 2022 and to accommodate more players, they loosened security protocols. This risky move allowed hackers to move in, who eventually managed to steal $625 million worth of cryptocurrency.

Microsoft Data Breaches

In March, the hacking group known as Lapsus$ managed to infiltrate the very tight defenses of Microsoft, putting several of the IT giant’s products at risk. Within two days, though, Microsoft was able to thwart the attack and reported that no client information had been taken.

Cash App Data Breach

A former employee who had beef with the payment company Cash App took to infiltrating their system in April. The hacker stole reports with names, portfolio values, and brokerage account numbers from over 8 million clients.

Student Loan Data Breaches

Nelnet Servicing, a student loan service provider, suffered a data breach in June that led to the exposure of confidential information of more than 2.5 million accounts, including names, contact details, and social security numbers. It was about a month before the breach was discovered.

Twitter Data Breach

In July 2022, a hacker sold data from over 5.4 million Twitter accounts on a hacking forum. The hacker was asking for $30,000 in exchange for the stolen data.

Medibank Data Breach

In October, a malicious party stole data for 9.7 million past and current customers of the Australian insurance and healthcare company Medibank. The company refused to meet the hacker’s demands, who eventually released the files online in separate batches.

Credit Card Information Leak

Also in October, details of over 1.2 million credit card accounts were posted for free on the BidenCash carding marketplace, where anyone on the dark web can use them to make online purchases. These are all active cards that have an expiry date between 2023 and 2026.

Shein Data Breaches

A third party stole 39 million Shein customers’ payment information and sold it on a hackers’ forum. Shein was fined $1.9 million for failing to disclose the 2018 data breach, which was discovered in October.

What to Do If You Think You Have Been Hacked

As you can see, these are all multimillion-dollar companies, and they can even be vulnerable to online attacks that result in data breaches. This only shows that anyone can be a victim. So if you think you are totally safe with the defenses that you have now, you might want to think again. There is no leeway when it comes to online attacks. You need to constantly reevaluate your cybersecurity strategies and keep them updated so they stay relevant to the changing times.

But in the event that you think you may have been hacked, you can follow our step-by-step guide on what to do in order to recover your data and restore your network security. If you need further assistance in reinforcing your security strategies, just call us and we will be on it right away.

January Recap: All You Need to Know About Social Engineering

Social Engineering

This month, we covered a range of topics concerning social engineering. Social engineering is now considered one of the most prevalent risks when it comes to online security. Most hackers rely heavily on social engineering tactics to lure unsuspecting users to divulge information.

It sounds complicated but it’s nothing more than the practice of manipulating people into revealing information through the use of false pretenses. It often creates a sense of urgency, fear or excitement, playing with people’s emotions to get them to do exactly what the hackers want them to do. In case you missed any of them, here is a brief summary.

social engineeringWeek 1: What Is Social Engineering and How Can It Affect Your Business?

We discussed the basics of social engineering and how the different types of attacks are used to exploit unsuspecting victims. We also looked at what makes up a successful social engineering attack and how attackers might use modern technology to increase their reach. Specifically, attackers may utilize deception techniques such as phishing emails or malicious links in order to gain access to personal information or data. Additionally, attackers may use impersonation tactics in order to manipulate their target into giving away information or credentials.

Social engineering is the infiltration of something secure, intending to acquire information or secure access through cunning means. With the use of modern technology, social engineering is now possible with the victims not even knowing. If you are caught unprepared, as a result, this could potentially lead to the downfall of your business. With awareness and the presence of mind, you can easily avoid becoming a victim. One of the commonly used methods is tailgating or entering the premises on the pretense that they are an authorized entity.

Simple practices like refraining from opening suspicious-looking emails and attachments would be very helpful. It is also advisable to implement multifactor authentication in all your systems and to keep your antivirus software updated. Click here to read more of our week-1 blog defining what exactly social engineering is.

Social Engineering scamsWeek 2: Where Does Social Engineering Scams Come from?

In order to prevent these attacks from being successful, it is important for users to remain aware and educated about cybersecurity best practices and protocols. This includes implementing strong passwords that include both upper- and lowercase letters, numbers, and special characters; avoiding suspicious links through email or messaging services; and utilizing two-factor authentication measures when possible–for example, when accessing accounts online or over public Wi-Fi networks. Users should also use secure VPNs whenever possible to protect their remote data..

There are more than 4.74 billion social media users today. Hackers are using social media to entice unsuspecting users into their traps. They create fake accounts that are used in either of the following four ways:. MIPs are bare profiles, usually with seductive profile photos that are meant to get people interested enough to add them as a contact. A hacker will then use this fake MIP to send malware through messenger or post malicious links on your wall. Fully Invested Profiles are intended purpose of fully invested profiles is the same as those created for MIPs. Click here to read more of our week-2 blog about the origin of social engineering.

Cybercriminals Use Social Engineering

Week 3: The Top 5 Ways Cybercriminals Use Social Engineering

Finally, we presented best practices for staying safe online when encountering suspicious links or other potentially dangerous content. For example, links in messages can lead to malicious sites with malware that could compromise users’ personal information and devices. It is also important for users not to respond immediately if they receive an unexpected message from someone they do not know or recognize – even if it appears legitimate – as this could be an attempt by adversaries to gain access to sensitive data via impersonation techniques.

Cybercriminals use social engineering to play on victims’ emotions and gain their trust. There are a number of different ways that cybercriminals manipulate their victims online. Phishing is by far the most common and most effective tactic that hackers use in social engineering. This is where the hacker pretends to be someone that the victim knows, then asks for their login details. There are so many ways that cybercriminals use social engineering for malicious intent these days. Piggybacking, also known as tailgating, is when someone discreetly follows an authorized person into a restricted area of the building. As a business owner, it is crucial to ensure that you educate all your employees fully when it comes to social engineering attacks and other cybercrimes. Click here to read more of our week-3 blog and the top 5 social engineering threats.

By following these tips and remaining vigilant about potential attacks, everyone can make sure to stay safe online! Give us a call if you think you need help strengthening your business against attacks.