Three Ways to Protect Your Company from Rising Cyberattacks

Cyberattacks

The rising cyberattacks have pushed the need for cybersecurity awareness

We live in a digital world where we deal with a wide range of cyber risks and threats. Most cases of data breaches suggest that businesses of all types and sizes are at risk of a cyberattack anytime and anyplace. According to Trend Micro’s biannual Cyber Risk Index (CRI) report, 86 percent of companies surveyed said they may suffer a data breach in the next 12 months. The report also highlighted the top four data types at the highest risk of loss: financial information, business communication (email), consumer data, and analytics (data models). These data types could dramatically affect the health of an organization.

Here are the three steps that can protect your company against cyberattacks.

  • Lock your computer

Manually locking your computer is the primary step of cybersecurity. There’s no real reason to justify leaving your work devices unattended and unlocked. Always log out or lock your computer even if you are stepping away for a minute. This step will prevent data leaks to unauthorized users. In addition to locking your computer, always change your password every three months.

  • Encrypt all the data

Data encryption is one of the most common and effective steps organizations implement when it comes to cybercrimes. It secures the transmitted and stored data on computer systems or the cloud. The process of encryption converts the readable data into an unreadable or encoded format. Only the person who holds the secret key can decrypt or access the data. Fortunately, there are various free & paid encryption software tools online to protect your data from cybercriminals. Some encryption software tools are free for a limited time, while some are always free with limited features. Examples of free encryption software tools are VeraCrypt, Folder Lock, AxCrypt, BitLocker.

  • Use a password manager

To date, the password remains the most common and widely used authentication method. Remembering passwords for multiple accounts can be challenging and frustrating. This is where a password manager can come in handy. A password manager software typically saves, generates and manages passwords for multiple accounts. It not only helps in creating unique and robust passwords, but also protects users from phishing attacks. Many password managers pop up a warning when a user falls for a phishing email or link. Therefore, opting for a good password manager is a must in a current scenario where cyber threats are rising. The good news is that there are some password managers available online for free. Here are few examples: LastPass, Myki, LogMeOnce, Bitwarden.

Now that you know all the basics of cybersecurity, you can have a safe internet browsing experience. But you may ask, why is this important?

Amazon & T-Mobile: the brunt of a data breach

Despite security measures, many organizations experience security threats. Recently, the American telecom giant T-Mobile bore the brunt of a massive data breach. Last week, T-Mobile announced that hackers had compromised the data of about 50 million users. The company encouraged its customers to change their PINs and password proactively. T-Mobile discovered the breach when hackers posted the stolen database on an online forum. To combat future cybercrimes, T-Mobile is offering free McAfee’s ID Theft Protection Service for two years to those impacted by the latest breach.

Even e-commerce company Amazon could not save its customers from cybercrime. According to an internal document obtained by Motherboard, Amazon has found four cases where its security team identified four incidents of data theft. “We have a security gap as we don’t have a reliable mechanism for verifying that users are who they claim they are,” Amazon states in the document.

As a result, Amazon is planning to monitor employees’ keystrokes and mouseclicks to prevent data leaks. It is considering to opt a software called BehavioSec. The biometrics software protects human-digital identities by understanding how they uniquely type and swipe across the ever-changing devices.

Amazon is doing its every bit to secure its data.

Header image courtesy of Unsplash

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

Top 3 Cheapest Tesla Alternatives to Consider Buying

Top 3 Cheapest Tesla Alternatives to Consider Buying

Those who care about the environment have progressively shifted to electric cars. In December 2022, electric car sales reached 11% of the car market worldwide. These cars not only have significantly fewer carbon emissions but are also cheaper to maintain. Some countries, such as New Zealand, the U.K.

Workplace Bullies: How Do You Deal With Them

Workplace Bullies: How Do You Deal With Them

According to the 2021 U.S. Workplace Bullying survey, 30% of employees have direct experience being bullied at work. The typical office bully constantly puts you down, ignores your opinions and blames you for things you had nothing to do with. Some bullies are better at concealing their behaviors than others, and some might even gaslight you into thinking that you are making a big deal out of nothing. 

What Should Employees Do in a Crisis

What Should Employees Do in a Crisis?

At the start of January 2023, a drunk man in an Air India flight’s business class urinated over a 72-year-old woman sitting beside him. The man, Shankar Mishra, was the Vice President of the financial services company Wells Fargo (he was fired following the incident). In itself, the incident is disgusting.

Top 5 AI Companies in the World

Top 5 AI Companies in the World

Technological developments are driven by the human need to make life easier and complete tasks faster and more efficiently. The drastic growth of technology in recent years has paved the way for artificial intelligence (AI) to become an integral part of almost every industry—from education and lifestyle to music and sports. It is everywhere. And by the looks of it, it is here to stay.

3 High Demand Metaverse Jobs in Future That Your Kids Should Look into

3 High Demand Metaverse Jobs in Future That Your Kids Should Look into

It’s no wonder why Jumpstart Media named “metaverse” one of the top emerging trends and technologies to look forward to in 2023. With an expected compound annual growth rate (CAGR) of 39.4% from 2022 to 2030, Grand View Research forecasts that the global metaverse market is set to expand exponentially. From fashion shows, gaming, luxury products, sports and travel to art, many industries are tapping into the metaverse’s potential.

4 Most Anticipated Tech IPOs of 2023

4 Most Anticipated Tech IPOs of 2023

The technology industry has been a driving force in shaping the global economy for decades and the initial public offerings (IPOs) of technology companies are often highly-anticipated events. In 2022, the tech IPO market saw a slowdown compared to the previous year, 2021.