Right now, extremely dangerous and well-funded cybercrime rings in China, Russia, and Ukraine are using sophisticated software systems to hack into thousands of financial firms like yours to steal client information, trade secrets, and swindle money directly out of your bank account. Some are even being funded by their own government to attack American businesses.
Think again. 82,000 NEW malware threats are being released every single day and HALF of the cyber-attacks occurring are aimed at small businesses; you just don’t hear about it because it’s kept quiet for fear of attracting bad PR, lawsuits, data-breach fines and out of sheer embarrassment.
Keep reading to learn why cybersecurity is important and the top ten ways that your business might be targeted by hackers and what you can do to prevent it.
Unlock the Guide to Protect Yourself Against Cyber Threats
Learn these top tips to reliably protect your business.
Why Is Cyber Security Important?
42% of Financial Services companies have experienced a data breach according to their I.T. professionals according to the Tales Data Threat Report in 2017.
Financial firms are in the top 5 targeted verticals every day, usually #1 or #2 according to the Recorded Future Cyber Daily.
You can’t turn on the TV or read a newspaper without learning about the latest online data breach, and government fines and regulatory agencies are growing in number and severity.
Because of all of this, it’s critical that you protect your business from these top 10 ways that hackers get into your systems.
What Does a Cyber Attack Mean?
So exactly what does cyber-attack mean? It’s a frequently used phrase that has a wide range of answers.
A cyberattack is an online attack in which cybercriminals target your network in order to gain access to information. This might be bank accounts, general account passwords, or your personal information in order to act as you to another company. Cyberattacks can also be done for the purpose of disabling devices so that you can’t do so much as contact your credit card company to turn off your cards.
Cyberattacks are incredibly dangerous and can result in identity theft or money loss among other outcomes and can affect the success and validity of your business (and yourself) for years to come.
10 Tips On How To Have Cyber Security
When you ask yourself, how does cybersecurity protect us and how to have cybersecurity you need to first know what you’re being protected from.
Keep reading to learn how cybercriminals target businesses so that you can learn how to protect yourself.
They Take Advantage Of Poorly Trained Employees
The #1 vulnerability for business networks are the employees using them. It’s extremely common for an employee to infect an entire network by opening and clicking a phishing email (that’s an email cleverly designed to look like a legitimate e-mail from a web site or vendor you trust). If they don’t know how to spot infected emails or online scams, they could compromise your entire network.
They Exploit Device Usage Outside Of Company Business
You must maintain an Acceptable Use Policy that outlines how employees are permitted to use company-owned PCs, devices, software, Internet access, and e-mail. We strongly recommend putting a policy in place that limits the web sites employees can access with work devices and Internet connectivity.
Further, you have to enforce your policy with content-filtering software and firewalls. We can easily set up permissions and rules that will regulate what websites your employees access and what they do online during company hours and with company-owned devices, giving certain users more “freedom” than others.
Having this type of policy is particularly important if your employees are using their own personal devices to access company email and data. If that employee is checking unregulated, personal emails on their own laptop that infects that laptop, it can be a gateway for a hacker to enter YOUR network. If that employee leaves, are you allowed to erase company data from their phone? If their phone is lost or stolen, are you permitted to remotely wipe the device – which would delete all of that employee’s photos, videos, texts, etc. – to ensure YOUR clients’ information isn’t compromised?
Further, if the data in your organization is highly sensitive, such as patient records, credit card information, financial information and the like, you may not be legally permitted to allow employees to access it on devices that are not secured; but that doesn’t mean an employee might not innocently “take work home.” If it’s a company-owned device, you need to detail what an employee can or cannot do with that device, including “rooting” or “jailbreaking” the device to circumvent security mechanisms you put in place
They Take Advantage Of WEAK Password Policies
Passwords should be at least 12 characters and longer the better. We recommend using passphrases or mixing unlike words. On a cell phone, requiring a passcode of at least 6 digits to be entered will go a long way toward preventing a stolen device from being compromised. Again, this can be ENFORCED by your network administrator so employees don’t get lazy and choose easy-to-guess passwords, putting your organization at risk.
They Attack Networks That Are Not Properly Patched With The Latest Security Updates
New vulnerabilities are frequently found in common software programs you are using, such as Microsoft Office; therefore, it’s critical you patch and updates your systems frequently. If you’re under a managed IT plan, this can all be automated for you so you don’t have to worry about missing an important update.
They Attack Networks With No Backups Or Simple Single Location Backups
Simply having a solid, reliable backup can foil some of the most aggressive (and new) ransomware attacks, where a hacker locks up your files and holds them ransom until you pay a fee. If your files are backed up, you don’t have to pay a crook to get them back. A good backup will also protect you against an employee accidentally (or intentionally!) deleting or overwriting files, natural disasters, fire, water damage, hardware failures, and a host of other data-erasing disasters. Again, your backups should be AUTOMATED and monitored; the worst time to test your backup is when you desperately need it to work!
They Exploit Networks With Employee Installed Software
One of the fastest ways cybercriminals access networks is by duping unsuspecting users to willfully download malicious software by embedding it within downloadable files, games, or other “innocent”-looking apps. This can largely be prevented with a good firewall and employee training and monitoring.
They Attack Inadequate Firewalls
A firewall acts as the frontline defense against hackers blocking everything you haven’t specifically allowed to enter (or leave) your computer network. But all firewalls need monitoring and maintenance, just like all devices on your network. This too should be done by your IT person or company as part of their regular, routine maintenance.
They Attack Your Devices When You’re Off The Office Network
It’s not uncommon for hackers to set up fake clones of public WiFi access points to try and get you to connect to THEIR WiFi over the legitimate, safe public one being made available to you. Before connecting, check with an employee of the store or location to verify the name of the WiFi they are providing. Next, NEVER access financial, medical or other sensitive data while on public WiFi. Also, don’t shop online and enter your credit card information unless you’re absolutely certain the connection point you’re on is safe and secure.
They Use Phishing Emails To Fool You Into Thinking That You’re Visiting A Legitimate Web Site
A phishing email is a bogus email that is carefully designed to look like a legitimate request (or attached file) from a site you trust in an effort to get you to willingly give up your login information to a particular web site or to click and download a virus.
Often these emails look 100% legitimate and show up in the form of a PDF (scanned document) or a UPS or FedEx tracking number, bank letter, Facebook alert, bank notification, etc. That’s what makes these so dangerous – they LOOK exactly like a legitimate e-mail.
They Use Social Engineering And Pretend To Be You
This is a basic 21st-century tactic. Hackers pretend to be you to reset your passwords. In 2009, social engineers posed as Coca-Cola’s CEO, persuading an exec to open an email with software that infiltrated the network. In another scenario, hackers pretended to be a popular online blogger and got Apple to reset the author’s iCloud password. A week doesn’t go by that we don’t encounter at least one such of these specifically targeting the CFO of our clients.
Bonus 11: They Hide in Systems that You Didn’t Know Were There
Want Help Ensuring That Your Company Has All of These Holes Plugged?
If you are concerned about employees and the dangers of cybercriminals gaining access to your network, then call us about how we can implement a managed security plan for your business.
At no cost or obligation, we’ll send one of our security consultants and a senior, certified technician to your office to conduct a free Security Review of your company’s overall network health to review and validate different data-loss and security loopholes, including small-print weasel clauses used by all 3rd-party cloud vendors, giving them zero responsibility or liability for backing up and securing your data. We’ll also look for common places where security and backup get overlooked, such as mobile devices, laptops, tablets, and home PCs. At the end of this free review, you’ll receive a report card containing:
- Is your network really and truly secured against the most devious cybercriminals? And if not, what do you need to do (at a minimum) to protect yourself now?
- Is your data backup TRULY backing up ALL the important files and data you would never want to lose? We’ll also reveal exactly how long it would take to restore your files (most people are shocked to learn it will take much longer than they anticipated).
- Are your employees freely using the Internet to access gambling sites and porn, to look for other jobs and waste time shopping, or to check personal email and social media sites? You know some of this is going on right now, but do you know to what extent?
- Are you accidentally violating any PCI, HIPAA or other data-privacy laws? New laws are being put in place frequently and it’s easy to violate one without even being aware; however, you’d still have to suffer the bad PR and fines.
- Is your firewall and antivirus configured properly and up-to-date?
- Are your employees storing confidential and important information on unprotected cloud apps like Dropbox that are OUTSIDE of your backup?
I know it’s natural to want to think, “We’ve got it covered.” Yet I can practically guarantee my team will find one or more ways your business is at serious risk for hacker attacks, data loss and extended downtime – I just see it all too often in all the businesses we’ve audited over the years.
Even if you have a trusted IT person or company who put your current network in place, it never hurts to get a 3rd party to validate nothing was overlooked. I have no one to protect and no reason to conceal or gloss over anything we find. If you want the straight truth, I’ll report it to you.
Service of the Highest Calibre
Deborah Farrington, StarVest Partners
Never Worry about IT with Reliable and Helpful Support
Valerie Malter, Matarin Capital Management
Over a Decade of Partnership and Personalized Service
Anthony Clemente, Canaras Capital Management
Always Able to Access What I need from our IT Systems
Margaret Riley, Vedanta Capital Management
Tailored Solutions with Industry Experience
Triada Networks have extensive experience with the financial industry. They are up to date with prevailing standards and regulations and they are committed to ensuring their clients are best in case in the cybersecurity space. The personalized service we have received from Raffi has given us confidence that we are working with a partner and not a vendor.
I would highly recommend Triada Networks for their knowledge, experience, innovativeness, responsiveness, and commitment to their clients.
Michelle Brown, Grain Management
Schedule a Free Consultation Today
We’ve answered the question, “how does cybersecurity protect us” and you know just what you need to do to prevent hackers from accessing your information.
Now, the best thing that you can do for the cybersecurity of your business is to understand your weaknesses with a free consultation.
I also want to be very clear that there are no expectations on our part for you to do or buy anything when you take us up on our Free Security Review. As a matter of fact, I will give you my personal guarantee that you won’t have to deal with a pushy, arrogant salesperson because I don’t appreciate heavy sales pressure any more than you do.
Whether or not we’re the right fit for you remains to be seen. If we are, we’ll welcome the opportunity. But if not, we’re still more than happy to give this free service to you.
You’ve spent a lifetime working hard to get where you are. You earned every penny and every client. Why risk losing it all? Get the facts and be certain your business, your reputation, and your data are protected. Book a Call with Raffi and let him show you exactly how he can you help keep your business secure.