Cybersecurity is a high-demand, rapidly expanding area with a high need for competent personnel. It offers high median incomes, employment possibilities in a wide range of industries, and a fast-paced work environment for those who choose this career path.

Even if you’re intrigued by the prospect of safeguarding organizations’ digital assets and intelligence from security breaches, you should conduct thorough research into the field to determine whether you’re a good fit for the position. Learn more about typical cybersecurity jobs and the skills required for cybersecurity careers.

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Cybercriminals are constantly becoming more sophisticated, and making use of a huge range of different techniques and tactics. Worse, it is getting more common.

Phishing emails are still a constant source of problems, as are ransomware attacks and data breaches are still unfortunately common. But, despite this wide range of cyber attacks, you might be surprised to learn that nearly half of all cybercrime’s financial loss comes as a result of Business Email Compromise (BEC) attacks. Indeed, a shocking 42% of all cybercrime loss was recently attributed to BEC.

Evidently, global businesses need to take BEC attacks very seriously. So, here we take a look at how BEC attacks are performed and what businesses of all sizes can do to minimize their risk of falling victim. 

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No matter which sector of society you’re involved with, for sure, technology has already invaded that space in your life. Nowadays, various organizations turn to a technology solution to streamline their operations.

Cloud technology enables organizations to store their data on remote servers. Anytime and anywhere, you can simply access these files and do your job. Such flexibility and scalability empower organizations to continue operating even when their members are miles apart. If you don’t have a cloud infrastructure yet, you can ask for Oracle cloud consulting pricing and other cloud servicing companies.

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Technology has connected the business world like never before. Businesses can scale and grow immensely in a short period and serve their clients and customers in ways we never thought possible.   

Such hyperconnectivity has opened new doors to a more integrated and seamless world. However, that door can swing both ways.   

With businesses going digital, they also expose themselves to cybersecurity vulnerabilities. In specific, supply chain attacks have been growing in prevalence in the past year and have become worrisome. Such attacks can trigger a chain reaction— one attack on a single supplier can compromise a network of businesses and providers.  

That said, you must safeguard your supply chain from cyber-attacks. Here are some strategies to follow.   

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The BFIS (Banking, Finance, Insurance, Securities) is a critical infrastructure sector that greatly depends on IT systems, which makes it especially vulnerable to cybercrime. While analyzing security incidents within the domain in 2018-2021, Costella identified 6,472 breaches and data leakages, with more than 3.3 million records exfiltrated from 20 companies of Fortune 500. The amount of leaked data has increased six-fold over the last two years, pushing financial businesses to intensify the protections. Currently, the finserv sector spends $18,5 annually per company to combat cybercrime, which is 40% higher than in any other industry, says the Ninth Annual Cost of Cybercrime Study by Accenture.

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As businesses look to recover from the worst of the pandemic in 2022, they need to be mindful of the things that can still trip them up. As a company recovers, the last thing it needs is to suffer a cyberattack, taking on a further financial blow and potentially losing its reputation. 

It’s clear that cybercrime is a growing problem. In 2020, more than $3.3 billion was lost to cyber fraud – a number that has nearly doubled since 2010. 

There can be no doubt that businesses of all sizes and across all industries need to take cybersecurity seriously in 2022. In this article, we take a look at the industries that look set to be the most vulnerable to cybercrime this year, and what organisations in those sectors need to do to keep themselves protected. 

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A cyber attack or cyber breach happens when malicious people try to hack a computer system or network to destroy it or get sensitive information. These attacks have become commonplace and are getting more sophisticated and devastating by the day. Unfortunately, cyber threat is expected to increase as business operations and transactions become digitized. 

The attack may not be noticed immediately it happens – it may take a few days. Once it is noticeable, people panic and may not know what to do. The impact of the attack is usually adverse, including reputation damage and a reduction of operational abilities and revenue. 

That an organization can recover from a cyber attack is a crucial aspect that needs to be considered as part of the strategy in place for cyber security and risk management. In case of an attack, organizations from Baltimore and other nearby cities can engage IT support services in Baltimore to help in the recovery process. Here are critical steps to take towards recovery.

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Have you imagined your personal information being exposed? Or are your company’s financial records being scattered everywhere? With almost everything being done online nowadays, there is a chance that your or your company can experience a cybersecurity breach. 

A cybersecurity breach occurs when your data gets exposed or stolen by a cybercriminal. Common cyberattacks are:

  • Ransomware: As the name suggests, you have to pay the cybercriminal a ransom to give you the encryption key to retrieve all your data. 
  • Phishing: A widely used social networking scam that attempts to obtain sensitive information through email.
  • Baiting: Another widely used scam where people are tricked into clicking some offers like free downloadable movies or content, infecting your system with malware.

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How often do you go to the bank these days? Or when was the last time you signed a contract with both parties present?

In our heavily digitalized world, almost everything can be done online. It’s more convenient, it requires less human interaction, and it’s a safe and quick way to solve problems that usually take a lot of time without doing anything actually productive.

If we add the stress of the pandemic to the equation, we no longer have to wonder why the e-commerce sector made a huge jump from 16% in 2019 to 19% in 2020. While there are a lot of positive aspects to this situation, there’s also a worrying trend that starts to show its devastating effects. Cybercriminals find the online world extremely suitable for their illicit activities because without face-to-face iterations, it’s easier to assume someone else’s identity or break into low-security devices or accounts.

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When it comes to cyberattacks, security experts say it’s not a matter of who but when. Cyber threats target all entities, regardless of whether they’re small businesses or large corporations. Hence, organizations must identify and stop risks before they can do any damage.

According to a study done by the University of Maryland’s Clark School, cyberattacks happen every 39 seconds on average, with unsecured usernames and passwords being the most common entry point. Additionally, thousands of individuals fall victim to identity theft regularly, with hackers successfully wiping out bank accounts and engaging in anomalous credit card transactions.

There are certain things you can do to prevent cyberattacks, such as working with managed security services or implementing strict data security policies in the workplace. However, different types of cyber threats may require specific methods of prevention. If you’d like to better protect yourself and your business information from getting hacked by online criminals, it would help to familiarize yourself with these threats.

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