security

The Dark Web: What it is, how it impacts your organization, and ways to protect your business

October 19, 2018 by securewebsite

The Dark Web sounds like the name of Hollywood’s latest horror movie. In reality, it is something much scarier. It can rob your business, negatively impact employees, and shutter companies.
While you can’t see it, the Dark Web is a huge threat to the stability and continuity of business. Knowing what it is and why it is threatening is the first step to protecting what you have built with hard work and dedication. Here is what you need to know about the Dark Web, why it’s so dangerous, and ways to best protect your organization.

What is the Dark Web?
The Dark Web is the shady side of the World Wide Web. Digital communities on the Dark Web are accessible with special software that allows users and those operating dark websites to remain anonymous and untraceable. While it offers some legitimate uses, it is estimated that more than 50 percent of all sites on the Dark Web are employed in criminal activities. This can mean everything from the theft of digital credentials to their disclosure through sale.

Your Credentials
Digital credentials such as usernames and passwords keep you and your employees connected to critical business applications, email, and other online services. Criminals know that if they can get those credentials, they can access everything from your business’s list of clients to your trade secrets and funds. This means digital credentials are some of the most valuable pieces of information floating around the Dark Web.

Credential Theft
Criminals steal credentials from login information for social media platforms such as Facebook to dates of birth and credit card numbers. The problem is that many individuals and companies often fail to realize their credentials have been stolen until it’s too late.

In more than 75 percent of cases, it is law enforcement or another third-party that notifies a victim that something is amiss. By then, it’s usually too late to prevent data theft or a serious breach that could stop your company in its tracks, lead to a loss of customers, or even bankrupt your business.

Human Resources and Payroll
Your business relies on its human resources and payroll department(s) but these valuable individuals are some of the biggest risks to your organization’s digital security. When they utilize their work email to access websites and programs such as ADP, Paychex, and Ceridian, it can open the door for criminals who have stolen their credentials.

Cybercriminals can use their stolen information to heist the personally identifiable information (PII) of other employees, access payroll information, and even steal from the company coffers. Such breaches can also lead to other criminal activity such as the identity theft of employees or customers.

Client Relations Management
The client relations management (CRM) tool your business uses allows you to communicate seamlessly with your customers. This is great for your business and it’s great for cybercriminals, too.
Pretend for a moment that you have used the same password for your eBay account as you do for your business’s HubSpot. If a hacker steals your eBay credentials, they can access your business’s HubSpot. They can now send an email to your clients pretending to be you. The hacker can ask your clients for anything they want from money to their PII. This can ruin your name and reputation with your clients and within your industry as well as that of your company.

Communications
Another risk lays in your company’s communications from Verizon to Adobe and T-Mobile. For example, if someone wants to hack your AT&T account, they may be able to reveal your payment information from a bank account or credit card. Now they have access to your accounts and can steal money from you and/or your business. Using your mobile number, they can also spoof text messages, reset your bank account password, and access your cash as well as other websites, social media platforms, and other apps you utilize.

Business tools such as email services can also become hacked with the theft of employee credentials. Whether your company uses Gmail, Yahoo, or Office365, these are all hackable. Once someone has access, they can send spoofed emails to clients pretending to be you or an employee asking for more information or even money.

Collaboration
While collaboration among employees, contractors, and vendors is typically considered a positive attribute in business, it can also put your organization at risk. Many individuals and businesses today use Dropbox as a great method of file sharing and collaboration. Such files often contain a plethora of valuable information including trade secrets, PII, and client data. A hacker can use this information to spoof emails, gather data from clients, and target them as their next victims.

Travel Services
If your business employs a travel service to help them get from point A to point B, this can be another security risk. Companies such as Expedia, Travelocity, and Orbitz typically store your credit card information along with other PII that can be devastating in the event they are breached.

Be sure to employ different login credentials for each of these websites to best protect yourself and your business. Use multi-factor authentication if it is offered and don’t store your billing information with these sites if given this as an option.

E-Commerce
Whether your company orders office supplies online from Staples/Office Depot or your business sells products through Amazon/eBay, this is yet another area of risk. Again, stolen credentials can allow for the theft of PII and access to financial information that can drain your bank account before you realize what has happened.

Banking & Finance
Programs such as QuickBooks or Freshdesk or banking apps from financial organizations such as Bank of America or Wells Fargo can also lead to problems when it comes to credentials. If a hacker steals access to your bank accounts, credit cards, or financial programs, it can be truly devastating for your business.

Imagine having all of your accounts wiped out. How will you pay your employees, cover your business mortgage, or pay out contractors? Once the money is gone, the likelihood you will ever see it again is minimal, as hackers can be very difficult to trace and, even if you do get it back, how will you cover your business expenses in the meantime?

Social Media
If your employees or business are on social media, which most are, this can put your business at higher risk for a breach. Pages on social media can be easily spoofed or copied. A cybercriminal can invite your friends and followers, steal their information, and worse. This can ruin your reputation whether the hacker takes an unpopular political stand on the false page or accesses more people to victimize through spoofing of their personal or business pages.

Other Employee Risks
In addition to the threat of employees having their work credentials stolen, their personal credentials can also put your business at risk if they end up in the wrong hands. For example, if an employee uses their LinkedIn credentials such as their username and password for work in QuickBooks, they can expose your company to a breach. Employees should be trained to use unique usernames and passwords for each program, app, and website they use. This is true not just for work but also for their private internet use as well.

While it can be cumbersome to keep track of different usernames and passwords for each website or app they use, there are password management tools such as MyGlue or LastPass that can keep track of them all. While some of these password management programs are free, some do have a minimal cost associated with them. Remember, you get what you pay for in business. Some of the free apps are poorly encrypted locally on your own device so if you get hacked, the bad guys will still have access to your information. We advise working with a larger company so you know they have the manpower and ability to keep your information safe and secure.

Users often have the same password for multiple services such as network logons, social media, and online stores. This greatly increases the potential for a breach. Train and retrain your employees on cybersecurity. It is worth the investment as is paying a small annual fee for a secure password management tool. Consider this well spent money as an operating expense just as you do with your marketing budget.

Combating the Dark Web
At Oram, our experts are able to search the Dark Web so you don’t have to. Using Dark Web ID from ID Agent, our experts search for your personally identifiable Information (PII) on the Dark Web to determine if you are at risk of experiencing a breach. This gives you time to protect your information, notify your bank or lender, and change passwords before you experience a breach.

How Dark Web ID Works
Dark Web ID is a commercial solution to detecting compromised credentials in real time on the Dark Web. It offers the same advanced credential monitoring capabilities that are employed by Fortune 500 companies. This specially designed software connects to multiple Dark Web services including Tor, I2P, and Freenet where it searches for compromised credentials. With this proprietary software, you don’t have to expose your own software, hardware, or network to these high-risk services directly.

By searching the most secretive and covert corners of the internet, Dark Web ID locates compromised credentials associated with your business, contractors, and personnel. If we find credentials that compromise your company, we notify you immediately BEFORE you become the victim of identity theft, data loss, or a breach. The real-time awareness of compromised credentials Dark Web ID provides means you will know if your PII has been stolen so you can safeguard both your personal and business assets before it’s too late.

Be Prepared
The more information you have, the more valuable it is and the more prepared you can be. We employ extensive logging and reporting capabilities that allow us to track your credentials and the credentials of your employees on the Dark Web. As a result, we can triage incidents quickly and create effective policies and procedures to reduce the risk to your business.

How It Helps Businesses
We use the Dark Web ID as a tool to identify compromises throughout your organization that could put your company at risk for a data loss or major breach. With this software, we are able to monitor the Dark Web 24 hours a day, seven days a week, 365 days a year. It is so effective, it reports more than 80,000 compromised emails daily. In addition to email, the program searches and monitors the following platforms frequented by cybercriminals:

• Hidden chat rooms
• Private websites
• Peer-to-peer networks
• Internet relay chat (IRC) channels
• Social media platforms
• Black market sites
• 640,000+ botnets

Predictable Patterns
While it is good practice to be prepared for a breach, it’s even better to have a warning that one could be coming. Using Dark Web ID, we can identify industry patterns. If we see that your industry is starting to come under attack, we can share that intelligence with you to best protect your employees, your business, and your consultants.

Prevention is the Best Medicine
While a network attack may be inevitable, they can be made less destructive and costly. With proactive monitoring of stolen and compromised credentials, you can be alerted to prevent losses before they happen. With alerts that tell you when your credentials have been stolen, you can respond immediately to prevent a breach.

By employing monitoring services and software such as Dark Web ID, your company can move toward compliance with data breach and privacy laws. Our experts can even help you develop and implement a data breach response plan.

If you would like more information about the Dark Web, Dark Web ID, or reducing cyber risks to your business, please call Oram today at (617) 933-5060 or visit us online.

October is National Cyber Security Awareness Month

October 9, 2018 by securewebsite

A look at cyber awareness and tips for protecting yourself online

Whether you are turning on the television, checking the daily newsfeed online, or reading a magazine, you’re sure to hear about the breach of a major business such as Yahoo, a data leak by the government, or hackers attacking a local school. Over the last two decades, cybersecurity has been legislated to protect consumers, businesses, and the government alike. There’s a need for greater awareness of cyber security and how people can best protect themselves and their businesses. That is the purpose behind National Cyber Security Awareness Month (NCSAM) which has been celebrated every October for the last 15 years.

The History of NCSAM
Developed as a collaborative effort between industry and the U.S. government, the purpose of NCSAM is to ensure every American has the necessary resources to stay safer and more secure online as well as advance awareness of the threats we all face when we log on. Launched in 2003, NCSAM was conceived by the U.S. Department of Homeland Security and the National Cyber Security Alliance.

According to the National Cyber Security Alliance, the goal was to reach as many people and businesses as possible to educate them about cybersecurity. The target audience consists of consumers, small and medium-sized business, corporations, educational institutions and young people across the country.

STOP. THINK. CONNECT.
This year marks the 8^th anniversary of the STOP. THINK. CONNECT.™ campaign used during NCSAM which offers tips and advice for everyone from the daily internet user to business owners.

The message to consumers of every age is clear. We are all warned to stop and think before connecting which means doing things to protect ourselves before we get online. We are warned to “Keep a Clean Machine,” “Protect Your Personal Information,” and “Connect with Care.” But what does all of this really mean?

Keep a Clean Machine
All of your internet-connected devices should be kept free of malware and other infections such as viruses as they can interrupt your connectivity at home and at work as well as spread to others. A dirty machine can also threaten your safety and the safety of others online. This is especially true when it comes to malware that connects your devices to botnets, which are networks of computers controlled by cybercriminals that can steal your information and make money from it.

There are several things you can do to keep a clean machine including:

Use the Latest Software– Ensure you have the newest security software, web browser and operating systems to offer the best defense against known viruses, malware, and other threats.
Automate Updates– Most software programs automatically update to defend against threats. Keep auto updates turned on and turn your computer off each night so updates will occur when you reboot.
Protect Every Device– In addition to computers, be sure to turn on auto updates for all devices including smartphones, laptops, and tablets.
Plug & Scan– External devices such as USBs can harbor viruses and malware. Use security to scan them before using.
Get Rid of Garbage– Delete links, emails, tweets, posts, etc. that look suspicious. These are ways cybercriminals compromise your computer. If it’s not from a trusted source, trash it. Don’t open it.
Hot Spot Smarts– Limit the business you conduct when away from your home or office. Be sure to adjust the security settings on your device to limit who can access it.
Act Fast– If you think your machine is infected, get help fast to remove viruses and malware before they can spread or cause more damage.

Protect Your Personal Information
Each one of us has the responsibility of protecting our personally identifiable information (PII) online. If your personal information ends up in the wrong hands, there could be serious consequences from a breach in your social media or theft from your business to your identity being stolen and your bank account being wiped out.

While you may have worked hard to protect that information, all of us must still assume our personal information has been leaked because hacks happen all of the time. Here are some tips for protecting your PII online from the New York Times:

Use Different Passwords– Across multiple sites from Facebook to your bank account, NEVER use the same password in more than one place. Doing this allows a hacker that gets your password in one place to use it in another. Password managers such as 1Password or LastPass can help you keep track of them all.
Never Your Social- Never use your social security number as a username or password. This is especially true in the face of the recent Equifax breach.
Be Suspicious- Treat everything online with an abundance of suspicion. Hackers send emails, notices, letters, etc. posing as people you know and businesses you solicit to gain information. Contact a business or individual requesting PII online by calling them directly before deleting the email as they may need it to press charges or stop the cybercriminal from targeting others.
Use Stronger Passwords- Sites such as LastPass can help you create unique passwords for each site you visit and save them for you in a protected database. If you create your own, be sure to use uppercase and lowercase letters, numerals, and special characters in each password.
Employ Extra Security- Passwords are not enough. If a site allows you to use secondary or two-factor authentication, enable those features. When you enter your password, you will receive a message with a one-time login code to allow you to finish logging in.

Connect with Care
Many web users are very quick to click whether it be on an email, a link, or an attachment. Slow down and take time to examine what it is you are about to click before you do so. Ensure you know who an email is from before opening it. If you don’t know the sender or aren’t expecting an email, delete it without opening it.

If you receive an email from a person or business you know and the email address looks familiar, feel free to open it. Once open, look at the email itself. Does it sound like it’s from the sender or does it seem odd? If the English is suddenly broken, the business logo is not right or is missing, or something else is off about the email, do not click on any links or attachments. Contact the person or business directly to see if they have sent you something via email.

Use care when connecting to public Wi-Fi. This is especially true if you are conducting business such as banking or shopping online. Use only trusted secure connections when using portable devices outside of the home or office.

Be Web Wise
Personal information about anyone is now easy to find online. This is especially true with the advent and use of social media. That means we all have to be wise when it comes to using the web. The first thing you should know is how your information gets online. Here are some ways you may inadvertently be sharing your personal information:

Posting on social media
“Checking in” through social location sites such as Foursquare
Commenting on blogs or shopping sites
Creating online wish lists online at sites like Amazon or Pinterest
Sharing videos or photos online
Using online games
Giving location data when uploading photos online

If you are on social media, check to see if you can change your privacy settings to limit what others can see about you or who has access to your information. Be sure to read the privacy policy of any company before sharing your information with them to ensure they don’t sell it to third parties. You’ll also want to ensure that your data is backed up at home and at the office in the event of ransomware, other cyber attacks, or even a computer shutdown.

Be a Good Online Citizen
Being a good online citizen involves employing the Golden Rule of treating others online the way you would like to be treated and using common sense. Don’t visit unsecured sites and don’t forward emails from unknown sources to others.

Be aware of how the action of one person can damage an entire online community. For example, one employee surfing unsecured sites through your business network can open the door for malware, viruses, and cybercriminals. Have common expectations in your home and office about what is an acceptable use of the network and what types of sites should be avoided.

Report cybercrime and breaches immediately. These should be reported not only to your internal technology personnel but to law enforcement as well. By reporting such issues, you are helping others avoid becoming victims, too, and stopping cybercriminals in their tracks.

Own Your Online Presence
This means safeguarding your own personal information and activity. For example, data should be treated like money. It should be protected. This means everything from your birthdate and personal address to the names of your children and pets which are often used as passwords. It can be easy for a hacker to get into your accounts with such personal information floating around on the web.

Be careful about who you share information with. For example, you may get “friend” requests from people you don’t know on social media. Simply delete the request. This is not being rude, it’s being prudent. Also, don’t send login information via email. Email can easily be hacked without the proper, updated security in place. If you get a request for information from a business online, call them to see if the request was really from them and provide any data they may need that way.

Lock Down Your Login
One of the main points of the STOP. THINK. CONNECT.™ campaign is to Lock Down Your Login. There are several ways you can ensure your login information stays secure. Here are six tips to get you there:

Protect accounts with strong authentication
Keep security software updated
Avoid phishing by thinking before clicking
Use unique passwords for every site
Protect your mobile devices
Employ trusted security tools

Our Responsibility
Staying safe online and protecting those we are connected with is everyone’s responsibility. Because the world has become so digital, we are more interconnected than ever before. From our desktops to our tablets, phones to laptops, we find ourselves working, playing, learning, and living online. That means all of us has a responsibility to try to stay as safe as possible by adhering to the advice of cyber experts.

National Cyber Security Awareness Month is a chance for us all to become more aware of the threats we face online and ways to protect ourselves and others. For more information, safety tips, and ways to get involved in NCSAM, visit the National Cyber Security Alliance online or contact Oram at (617) 933-5060.

Ransomware: A Guide for Protecting Todays Businesses

August 21, 2018 by securewebsite

Ransomware has become one of the top threats to businesses in today’s global and digital society. It has become such a danger in fact that a late 2017 report from Cybersecurity Ventures predicted that the global cost of cybercrime would reach $6 trillion by 2021 with ransomware playing a major role in that total. Furthermore, Cisco’s 2017 Annual Cybersecurity Report showed ransomware is increasing by 350 percent each year and a business falls victim to a ransomware attack every 40 seconds. Last year’s worldwide attack in May 2017 of the WannaCry ransomware caused complete and utter chaos around the globe and begged the question of what’s next.

So what is a business owner to do? For starters, you must know what you’re up against. Next, there are steps for preventing the threat from opening the door to your business. Here’s your guide to ransomware and how to stop it before it stops your business.

What Ransomware Is
Ransomware is a malicious malware that targets the private files of your business. While malware can cause some annoying problems or create more malicious issues such as reformatting a disk or deleting files, ransomware is different. Ransomware is a malware that infects computers and restricts access to files, stopping businesses in their tracks.

When you run into ransomware, you will know it because it will notify a system’s user that it has been attacked. The notification will come after the damage has been done and your information is already encrypted. A cybercriminal will use the ransomware to demand a ransom, typically money or cryptocurrency, in exchange for the safe return of files. If the funds are not paid, the cybercriminal responsible may delete or publish your private business files. If you do pay, you may still not get your data back anyway as the hacker responsible can simply take the money and run.

Like a virus that can attack the body, ransomware can attack an entire network. And like viruses, ransomware can morph and adapt from the way they spread to the way they encrypt data. This means a business must approach protection on a multitude of fronts and be ready to adapt to new protections as they are developed.

Means of Protection
Your IT provider should offer you protection through at least six areas. By securing a variety of entryways and providing layers of protection, your business will be safer from all threats including ransomware. At Oram, we take a six-step approach to protecting our clients against ransomware and other cyber threats.

Patching
The most basic layer of security is to monitor and patch all computers and applications on an ongoing basis. We address all known operating system security vulnerabilities with the latest patches. This measure is the first step in protecting your operating system particularly when a flaw has been uncovered. Your company’s outside business IT partner or in-house professionals should be providing the latest patches to ensure your operating systems are running at peak performance while ensuring any system vulnerabilities are addressed.

Anti-Virus and Network Monitoring
Businesses are being targeted every day through a plethora of avenues: email, ad networks, mobile applications, etc. This is why the second part of a best-in-class security network employs both anti-virus and network monitoring. These two pieces of the security puzzle examine all traffic on your business network and all files. The anti-virus employs a filter to protect them from all known threats. Your anti-virus should be updated regularly in order to identify the latest viral threats.

Backup and Disaster Recovery
One of the things cybercriminals bank on is that your business didn’t think ahead in terms of implementing backup and disaster recovery. That’s why this step is a must, especially where ransomware is concerned. There can sometimes be gaps between when a threat is introduced to your network and remediation of the full system.

To ensure that your data is safe, it’s best to have a full system backup in place to protect your back-office systems. This will enable your business to stay on top of things if and when an attack occurs and it provides a recovery option for unknown threats. In the event of a catastrophic failure or a ransomware attack, a good backup can get your business back online fast.

Endpoint Backup
Though backup and disaster recovery provides a layer of protection for your back-office systems, businesses should also have backup and recovery of data for all devices. Devices such as laptops and tablets create, share, and store business data. Should a device become lost or a cybercriminal capture your proprietary data and sensitive information from these devices, your business will still be covered. This can have a significant impact on your business productivity and profitability. Your endpoint program should offer real-time data backup on such endpoint devices to prevent the compromise of business-critical information and keep your organization moving full-steam ahead.

Secure File Sync and Share
In today’s global society, being able to work remotely, collaboratively, and securely from any device anywhere is a modern business necessity. With the proper software in place, your employees can securely collaborate from any location on any device including their smartphones and tablets. Such a system can allow you to grant access and editing controls for specific documents including those in Word, Excel, and PowerPoint. Such software also allows you to recover documents employees may have accidentally deleted or that have been lost due to malicious activity.

Education and Awareness
One of the best steps you can take in protecting your business against ransomware or other digital threats is to educate and train your employees. With proper cybersecurity awareness training, you can turn your employees into your most important layer of defense. They should be trained and provided with educational materials about cybersecurity risks, new ransomware strains, and the best practices for spotting phishing attempts, suspicious emails, and other security risks. Additionally, they should be provided a simple and quick way to report any suspicious activity. By empowering your employees with such training, they can become proactive in the fight against cyber threats to your business.

Small ransoms are just the beginning of the ransomware threat and it is only expected to get increasingly worse. This is why it is so imperative for businesses to stay ahead of cybercriminals when it comes to security. While such protection may seem overwhelming, it’s nothing when compared with the downtime, stress, and financial cost of dealing with a ransomware attack. If you need assistance in protecting your business against ransomware, contact Oram Corporate Advisors today for a free consultation at (617) 933-5060.

Cybersecurity Awareness Training: How proper training can turn employees into your best security asset

August 10, 2018 by securewebsite

Cybersecurity has become a major focus for business leaders today and rightly so with the number of major data breaches on the rise. Just look at the number of breaches in the first six months of 2018 from an infiltration of U.S. power companies by Russian hackers to 150 million users of Under Armour’s MyFitnessPal app having their personal data stolen. The threat to today’s businesses is very real but employees can be a business’s best security resource if properly trained.

The report, Magic Quadrant for Security Awareness Computer-Based Training, by Garner, a leading computer trends analyst, reported, “People impact security outcomes much more than any technology, policy, or process. People play an undeniable role in an organization’s overall security and risk posture. This role is defined by both inherent strengths and weaknesses: People’s ability to learn and their capacity for error.”

The Human Factor
Human error leads to breaches all the time. Whether an unsuspecting employee in your business clicks on a phishing link that exposes your entire network to a malicious virus or someone misplaces a phone, tablet, or laptop with unsecured access to proprietary data, human error can lead to big security problems.

Study after study shows the largest threat to any business, by far, is the people who work there. The 2018 Data Breach Investigations Report by Verizon shows malicious employees were responsible for 28 percent of attacks. In addition, the same report revealed human error was responsible for another 17 percent (or nearly one in five) breaches studied in the report.

Though these types of statistics show the desperate need for ongoing, repetitive, and engaging cybersecurity awareness training, many business leaders fail to see its importance and value.

Terrible Training Stats
Employees should be the first layer of security for every business but the fact of the matter is they have become the largest threat to business security today in major part due to a lack of proper cybersecurity awareness training. A report by SolarWinds MSP, Cybersecurity: Can Overconfidence Lead to an Extinction Event?, demonstrates that despite how important cybersecurity awareness training is, only 16 percent of respondents in the study considered it a priority.

An incredible 71 percent of companies studied in the SolarWinds investigation admitted to including such training only as part of the onboarding process or as a one-off annual event. Another 13 percent of organizations studied said that they offered no cybersecurity training to employees at all.

Why Training is Imperative
As mentioned earlier, breaches among businesses of all sizes are on the rise and the costs to remediate such attacks are also increasing. The FBI reported a 2,370 percent increase in exposed losses between January 2015 and December 2016. Additionally, a total of more than $5 billion was stolen from businesses in cyber theft between October 2013 and December 2016. That meant there was an average loss of $100,000 per incident and losses are projected to top $9 billion this year alone.

With this in mind, the primary goal of cyber security awareness training is to change the behavior of your employees so they are less susceptible to social engineering: Being manipulated, influenced, or deceived by someone to take action that isn’t in the best interest of your business. Some of the most common examples of social engineering attacks include phishing or spear-phishing by phone, email, postal service, or direct contact in order to trick people into doing something that will harm your company. You have the power to stop this by incorporating cybersecurity awareness training into your business before it’s too late.

When to Train?
The most-effective cybersecurity awareness training programs are ongoing. The first training for every employee should occur during the onboarding process. Thereafter, there should be frequent training opportunities and reminders, even if they are brief such as a once-a-month, computer-based training that only takes a few minutes.

Every employee should be offered a deeper training annually to update them on the latest threats to businesses in their industry and remind them of what they can do to help prevent attacks. There should also be additional trainings whenever a potential threat is identified or a cyber incident has occurred within the company so there are no repeat events.

What Should Be Covered?
One of the best ways companies can mitigate their cybersecurity risk is through proper training. The wrong way to approach training is as a once-a-year or semi-annual exercise where everyone is gathered for a training involving a long, boring PowerPoint presentation. This can feel more like a punishment for your busy employees rather than a valuable learning opportunity.

Not only should training be consistent with frequent, easy-to-follow training sessions, it should vary by topic and address the particular access to valuable data each employee has due to their individual role. Not everyone learns in the same way and not everyone needs to learn the same material.

Offer trainings aimed at specific roles taking into consideration how much access each has to valuable data and how they are most likely to be targeted by hackers. By offering interactive, role-based training in small, digestible portions with greater frequency, your employees will see it as valuable and easier to implement.

There should also be an emphasis on defeating social engineering attacks such as phishing emails that could lead to network-wide disaster. The aforementioned Verizon report determined that while 78 percent of people don’t click on a single phishing campaign all year, an average 4 percent of targets in any given phishing campaign will click it. Even more astonishing, it was found that the more phishing emails someone has clicked, the more likely they are to do so again.

Assess for Success
Cybersecurity training should also be assessed with frequent, short quizzes through training and reinforced through pen testing. This ensures employees absorb the valuable lessons being taught so they can act as the business’s first line of cyber defense.

How to Train
One of the most effective and more commonly used methods of cybersecurity awareness training being utilized by businesses today is interactive, computer-based training. It wields modern technology such as laptops, tablets, smartphones, and Internet of Things (IoT) devices to engage your employees in learning about the invaluable role they play in protecting your business.

“Showing a trainee how to recognize that out of nearly 20 types of files an email attachment could come in, the only one that is absolutely safe to open is a file ending in .txt can be a security game changer,” according to the whitepaper How to Fortify Your Organization’s Last Layer of Security- Your Employees. “Providing short, three- or four-question quizzes at regular intervals during a training module helps employees review and reinforce their understanding of particular training elements and can increase their trust in the impact the course is having and motivate them to complete it, thanks to congratulatory messages after each quiz.”

At the end of the day, human beings can become your best means of defense only when the proper security awareness training is employed. It can show them how they may be susceptible to social engineering, which is considered to be the single greatest security risk in the years to come, and that they can defeat it. Such training also demonstrates that you are willing to invest in them as much as you are in the technology they utilize each and every day. With such insight and education, your employees will feel empowered to protect the business you all are working so hard for.

If you need assistance with developing and implementing an effective cybersecurity awareness training program, contact Oram today at (617) 933-5060.

Multi-factor authentication: A necessity for today’s businesses

July 9, 2018 by securewebsite

Just recently I had a client contact me here at Oram about a serious security issue. Another business they work with was hacked and it nearly ended up costing my client big money. The worst part about the whole situation is that with the right technology in place, it could have been easily prevented.

The Problem Hack

The client called in to say he had wired his travel agent about €1.4 million (or roughly $1.63 million U.S.) for an extended European family vacation. Well, lo and behold, the travel agency’s email was hacked. Turns out a hacker, not the travel agent, had been communicating with my client for the entire month. My client thought he was planning this event with the travel agent when, in fact, he was communicating with a cybercriminal. Everything culminated when the hacker, posing as the agent, sent my client the wiring instructions for the funds.

The way that this hack presented itself was that a person in Germany deployed a phishing scheme to compromise the travel agent’s email. The hacker had been monitoring the agent’s email for a number of weeks and was just waiting for some event like my client’s to occur so they could then interrupt the communications.

The reason the travel agent was none the wiser is that the hacker also set up rules in the mailbox so that any time a communication came in from my client, it would go straight into the deleted items. This made it so the travel agent had no idea that someone else was communicating by email with my client.

Luckily, this scenario ended on a positive note. My client was able to get all of his money back. The FBI is now involved with the situation to try and catch this criminal. Without Oram, the travel agency would never have been alerted to the hack and may have seen more of its customers defrauded of their funds.

Passwords Aren’t Enough

The reality is that the majority of data breaches occurring today are the result of compromised authentication. Though having a strong password is a great start for implementing security, just having this one step in place can leave your network incredibly vulnerable. That’s why multi-factor authentication (MFA) is so important, particularly for securing your business’s most valuable data.

According to the 2017 Cost of Data Breach Study by the Ponemon Institute, data breaches cost businesses millions of dollars each year in the U.S. alone. The study also shows the likelihood of a business experiencing a recurring material data breach within the next two years after an initial hack is nearly 28 percent. Data breaches are the most expensive to deal with in the United States and Canada, costing $225 million and $190 million respectively. The average total organizational cost of breaches in the United States found in the 2017 study was a whopping $7.35 million.

Why Your Email Is Key

The reason hackers want into your email is that it can lead to a huge payday. With access to your email, a cybercriminal can log into any account you have by simply clicking on “forgot my password.” This allows them to create a new password using your email.

Access to your email allows criminals to create new, fraudulent accounts in your name. They can use your identity and email address to open new accounts and create their own passwords. From there, the possibilities are limitless from ordering goods online to withdrawing your entire life savings.

In addition to your business being negatively impacted, the friends and connections in your email network can also be put at risk for infection. Or, in the case of my client, hackers can steal access to your clients and could possibly ruin solid business relationships. Many criminals even sell access to hacked email accounts on the black market. The amount of damage that can be done in less than an hour is astounding.

How It Works

Multi-factor authentication is a security system that requires more than one method of authentication to verify a user’s identity. This can range from requiring passwords that must periodically be changed by legitimate users to requiring a one-time PIN provided via smartphone for access.

Without having all of the required pieces of information, a user would not be able to log in successfully. This means better protection for you and your business. Multi-factor authentication can help secure everything on your business network from logging into your server to shared resources and employees who bring their own devices to work. Some larger organizations that use MFA that you are probably familiar with include Google and PayPal. Most financial and medical institutions also employ MFA as well.

Our Recommendation

The moral of the story is that whether you are using personal email or corporate email, you need MFA. Had my client’s travel agent employed MFA, this hack would likely have never occurred. The would-be criminal would have likely hit a brick wall of security and moved on to a less secure target.

While Oram already recommends multifactor authentication, going forward, we are requiring our clients to utilize MFA for everything possible from email and icloud accounts to banking and financial sites. The reasoning behind this is that MFA significantly reduces the risk that a cybercriminal could access your most important systems. Additionally, it adds extra layers of security that will make your network and other proprietary systems that much more difficult to breach.

If you would like to learn more about multi-factor authentication or other ways to better secure your business, we are happy to assist you. Call Oram today at (617) 933-5060 or visit us online.

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