Manage An Online Business? 3 Reasons Why You Need To Strengthen Cyber Security

Cyber threats are becoming increasingly sophisticated. For online businesses, this makes cyber security a critical priority. If you manage an online business, whether this is …

Cyber threats are becoming increasingly sophisticated. For online businesses, this makes cyber security a critical priority.

If you manage an online business, whether this is an online shop or internet-based service then you operate in a dangerous arena. The evolving threat landscape reveals how cyber criminals are becoming increasingly ambitious to cause chaos and get their hands on sensitive data.

At this festive time of the year, every online shop will be put to the test. The high demand tests not just your efficiency and customer service capabilities but also the strength of your online security.

As we move closer to the end of the year, a proactive cyber security strategy is essential. Experts are predicting a difficult year for security in 2017, therefore planning ahead is crucial to secure your business.

Here are 3 key reasons why your online business needs to strength cyber security:

Maintain customer trust

People are becoming increasingly cautious about where they shop online. Large-scale data breaches often make headlines and this puts doubt in the buyer’s mind. Multiple reports have revealed that customers lose trust in a brand following a cyber security breach. To keep your customers loyal, it’s crucial to prioritise cyber security across your organisation and proactively evolve your approach.

Data protection regulations

All businesses need to prepare and adapt processes in light of the impending general data protection regulations. If your business operates online, it’s highly vulnerable to a damaging attack. When the new data protection regulation come into effect a breach could come with a huge cost implication. Consider how you store, manage and record sensitive data.

Online payment fraud

Hackers are targeting e-commerce sites looking to steal credit card information. With this type of activity on the rise, it’s important to implement measures to protect your customers. Look at setting up verification systems and confirm that your site is PCI compliant. Your website needs particular attention to not only prevent fraud but also manage suspicious activity which could impact your business.

Cyber Security: Small Businesses Need To Take Action

Cyber criminals are targeting small businesses. It’s important to understand the key threats and proactively keep these out of the workplace. We often hear about …

Cyber criminals are targeting small businesses. It’s important to understand the key threats and proactively keep these out of the workplace.

We often hear about large-scale cyber-attacks in large organisations, but cybercriminals are not letting SMBs off the hook. It’s been reported that 1 in 40 small businesses are at risk of becoming a victim of cybercrime. Unfortunately, it’s often the case that small businesses are ill-equipped when it comes to cyber security. This can usually be caused by lack of understanding, awareness and lack of resource.

Take action against cybercrime

As we near the end of 2016, it’s advisable for businesses to reflect on this turbulent year of cyber security breaches. These cyber-attacks clearly demonstrate the growing dangers of the online world, which is something that no business can avoid.
To keep your small business secure, start by improving your awareness. If you understand the threats targeting your business it’s easier to prioritise solutions to build a well-rounded cyber security strategy.

Prepare your business for 2017

Looking ahead to next year, don’t make the mistake of overlooking cyber security. With new regulations such as the impending GDPR, it’s no longer possible to hide from cybercrime and the implications of a cyber breach. Don’t head into 2017 without a cyber security shield around your business.

For advice on this important topic, contact our expert team to discuss your cyber security concerns.

Halloween Special: 6 Scary Cybercrime Statistics

Cyber threats are real. The horror stories that make headlines reveal the dangerous truth and these real examples serve as a cautionary tale to us …

Cyber threats are real. The horror stories that make headlines reveal the dangerous truth and these real examples serve as a cautionary tale to us all.

A recent ONS report has revealed that over the past year 1 in 10 adults in the UK were affected by cybercrime. As the world of online crime evolves, it has a grave impact on businesses all over the world.

Cybercrime comes in many forms. From the ransomware attack, that holds your data hostage to the large-scale extortion attack that causes widespread damage. In short, the online world is becoming increasingly dangerous. It’s therefore, essential to grasp an understanding of the threats, learn how to avoid them and implement a security shield around your business.

View our collection of 6 scary cybercrime statistics and take action today! Click to expand the image below.

6 scary cybercrime statistics 2016

The facts about DDoS attacks

Following the high profile DDoS attacks last week here at the key facts to know about DDoS and how this could impact your business. When …

Following the high profile DDoS attacks last week here at the key facts to know about DDoS and how this could impact your business.

When leading corporates are hit by a large-scale cyber-attack the whole world pays attention. This was the case last week when a DDoS attack impacted a string of large online organisations, including a social media site and music streaming service.

The truth is DDoS attacks are on the rise. Only a few months ago a report revealed that DDoS attacks have increased “over 125 percent year over year”.

To protect your business, consider these key facts about DDoS attacks:

DDoS means Distributed Denial of Service

A DDoS attack denies services of a website (network or server). Without getting too technical, this attack disrupts the service by overwhelming or bombarding the target with a high volume of requests/traffic. This causes disruption to the website making it unavailable to legitimate users.

DDoS attacks are difficult to block

The malicious traffic can involve a of number computers, from all over the world. It’s, therefore, difficult to stop and defend against an attack. There are solutions available to limit the impact to ensure a DDoS attack doesn’t cause too much havoc!

What are the signs of a DDoS attack?

Usually, you will notice slow page load on your business website, transaction failures and failure to load or connect to the site.

These attacks are costly!

A DDoS attack is not only frustrating for users within your business, it’s incredibly frustrating for your site users. A denial of service can lead to significant downtime which can be highly costly. A 2014 survey of 270 organisations revealed that DDoS attacks cost an average of £25,000 p/hour with attacks lasting an average of 6 hours.

Small businesses are a target

Whilst a DDoS attack can take down a large organisation, small businesses are also a prime target. Reports show that in the third quarter of 2015 attacks on small organisations increased by 180%. A DDoS attack on a small business can be highly damaging. The loss of business is costly and often many small businesses do not have the resource to rapidly recover services and protect from future attacks.

Email Security: The Cyber Threats Targeting Your Email Inbox

What dangers are lurking amongst your emails? Can you spot a potential threat? It’s time to prioritise email security in your organisation. With email being …

What dangers are lurking amongst your emails? Can you spot a potential threat? It’s time to prioritise email security in your organisation.

With email being a primary business communication tool, it’s no wonder cyber-criminals are exploiting it to further their agenda. In the stream of emails that attempt to pass through your inbox every week, statistics show that not all of these will be genuine.

As much as 70% of all email traffic is estimated to be spam. Cyber criminals are becoming increasingly sophisticated to lure unsuspected victims, but what are their tactics?

The key ones to watch out for…

Spear-Phishing

Spear-phishing is targeted which makes it highly dangerous. Cybercriminals attempt to scam individuals using emails that appear to be sent from known users (colleagues in your organisation) or trusted businesses (your bank, a company provider etc). Spear-phishing emails are designed to deceive the recipient.

Alarmingly, it’s estimated that 91-percent of hacking attacks begin with a phishing or spear-phishing email. These emails can contain malicious attachments or links which will infect your computer and network when clicked. There are also numerous phishing scams designed to trick the recipient into providing confidential information such as passwords or even banking information.

Ransomware

Ransomware has been described as a prime threat in 2016. It’s impacting organisations of all sizes and has resulted in a significant financial loss for many. Ransomware usually hides behind attachments within spear phishing emails. In fact, it’s been discovered that 93% of phishing emails are now ransomware.

There are different types of ransomware, each having different levels of impact. This malicious virus is usually hidden within attachments posing as word document invoices or CVs. It’s important to understand ransomware in 2016 and as a general rule avoid unknown websites, links and attachments!

There are numerous threats targeting your email inbox. Spear-phishing is an example of a delivery method and ransomware is an example of a cyber-attack.

As a general rule for email security:

  • Always check the email recipient. Even if it looks credible, try hitting reply and check if the recipient address changes.
  • Never carelessly click unknown links or open attachments.
  • Invest in a trusted spam detection software to block untrustworthy email sources.