The rise in spear-phishing as a means to deliver potentially devastating malware to businesses has been one of the more troubling trends in cyber-security over the past year. And it’s a trend that looks likely to continue. Although, as experience tells us, these types of threats tend not to stand still, ever evolving to maintain it's capability to cause chaos.
Just as many of us are winding down for a well-earned break, this is exactly the time of year when cyber criminals are ramping up their activity.
Last year’s festive holiday season was dubbed “CyberCriminal Christmas” as online fraud attempts spiked between November and January. But it’s not just retailers that need to be wary; businesses of all types need to be wary of letting their guard down.
It might be one of the older forms of cyber-threat, but Phishing is on the increase. The first quarter of the year saw a rise in excess of 200% from the tail-end of the previous year. With cyber-security specialists Mimecast reporting that phishing accounts for 90% of all hacking attacks. It's an alarming rise and cause for concern.
For specific IT products, it’s not the FCA’s practice to hand out official endorsements. As such, (and rather unfortunately,) there isn’t a ‘stamp of approval’ to look for when shopping around for tech solutions.But of course, the issue of FCA needs to be a top priority when making those decisions. In a whole range of areas, from storing call records, through to managing relationships with clients, the correct approach involves considering carefully what the specific regulations say, and choosing a product that will keep you on the right side of those rules.
Statistically, your organisation is likely to be targeted by cyber criminals at some point - and, of course, building the type of environment to protect you against that threat requires financial outlay. So how much should you be spending - and where should resources be allocated?
Online security is one of the biggest dangers faced by a business these days with the collective cost to UK businesses reported to be in excess of £34billion annually. And the rise in remote working brings with it an increased threat of data breaches and security risks.
A recent study suggests that the majority of organisations (97%) have an IT security policy in place. But when it comes to staff actually following that policy, demonstrating security ‘savvy-ness’ and taking responsibility for their actions in real life - a different story starts to emerge.