By 2021, cybercrimes will cost companies USD 6 trillion, according to a study.
The number of internet users has grown from an estimated at 2 billion in 2015 to 4.4 billion in 2019, but so have the cybercrimes which are expected to cost companies USD 6 trillion worldwide, according to a study by Cybersecurity Ventures.
Similarly, the number of smartphone users has grown from 2.5 billion in 2016 to 3.2 billion in 2019 and is forecasted to grow to 3.8 billion by 2021. Smartphones and the internet will make further inroads to our economic system. But there are certain risks involved as well.
Mobile phones are becoming targets of cybercriminals because of their widespread use and increasing computing power. Consider the fact that more than 60 % of online fraud occurs through mobile phones. This threat is not just towards individual users but businesses as well. It does not matter how large the company is either. 43% of the cyberattacks in 2019 were aimed at smaller businesses because they do not have adequate protection.
The way we work and the spaces we work in have evolved considerably in the last fifty years. Corporate culture is nothing like what it used to be back in the 80’s and 90’s. Cabins and cubicles have given way to open offices. Many in the work-force today prefer to work remotely and maintain flexible hours. As such, hot-desking is common in many multi-national companies including those who have large office spaces. As the start-up culture evolved, there was a need for multiple small offices. This growing breed of self-employed professionals and start-up owners need other resources that are commonly required in the office environment like printers, shredders, Wi-Fi, meeting rooms, video-conferencing abilities etc . They also need a common place to meet people, network and exchange ideas because working solo could be monotonous at some time. Co-working has provided an all-in-one solution for the needs of such individuals and small groups of people by providing a common space where equipment and utilities could be shared between businesses who rent the space. Co-working spaces have thus become very popular across the world and especially in cities where real-estate is very expensive. According to statistics the number of co-working spaces has increase by 205% between 2014 and 2018
Breach and Attack Simulation is a new concept that helps organizations evaluate their security posture in a continuous, automated, and repeatable way. This approach allows for the identification of imminent threats, provides recommended actions, and produces valuable metrics about cyber-risk levels. Breach and attack simulation is a fast-growing segment within the cybersecurity space, and it provides significant advantages over traditional security evaluation methods, including penetration testing and vulnerability assessments.
Going over the players in this industry, it is clear that the BAS category includes a number of different approaches with the common target to provide the customer with a clear picture of its actual vulnerabilities and how to mitigate them.
CyberDB has handpicked in this blog a number of exciting and emerging vendors. These players are (in alphabetical order):
Those companies have a number of characteristics in common, including a very fast time to market, successful management team and strong traction. In addition, all of them have managed to raise Series A or B funding over the last 16 months, ranging from $5M to $32M.
Industrial espionage is a much more common occurrence than many people realize. As a business grows and begins to compete at a higher level, the stakes grow and their corporate secrets become more valuable. It isn’t just other businesses that might want this information, hackers who think they can sell the information will also be sniffing about.
Even if you can’t eliminate the risk entirely, there are certain things you can do to reduce the risk of a security breach in your business.
Some businesses – usually those that have never experienced any kind of major IT incident – think of cybercrime as an inconvenience. They may believe that if their company is hacked it will cause some disruption and perhaps an embarrassing news story, but that ultimately the breach will have only a minor effect.
However, the truth is that cybercrime can have a huge range of unexpected consequences. Here we take a lot of the real impact of a breach – cybercrime might affect you a lot more than you think.
Cybersecurity is the process of protecting and defending an enterprise’s use of cyberspace by detecting, preventing and responding to any of the malicious attacks like disabling, disrupting, injecting malware, or anything thing else aimed to harm the organization.
At its center, cybersecurity defends your organization from vicious and threat attacks aimed to disrupt and steal information from your organization. Cybersecurity risks are similar to financial and reputational risks as it could directly affect the organization’s growth, driving the costs up and adversely affecting the revenue.
If you’re a part of an organization, and especially, if your workplace stocks sensitive information of individuals or clients involved, then this is an ideal time to educate yourself regarding cybersecurity and ways to safeguard your organization against cyber attacks and threats with the help of professionals who hold cybersecurity certifications.
Cybercrime affecting businesses has become so widespread that IT and network security professionals are always thinking about that next breach and the costs of recovering from it. This increased risk has also raised the demand for better virtual defenses to prevent the loss of sensitive organizational data such as personal consumer details and internal communications.
There is a substantial need for cybersecurity training. It’s something that many businesses are interested in, but implementing the right system isn’t easy. Physical labs are expensive, require significant time and resources, and aligning everyone’s schedules is often impossible.
Virtual labs are a great way for you to provide your customers and partners with access to the latest cybersecurity product demos and training. These labs are accessible from anywhere, customers can engage with them on their terms, they cost less, and increase the overall quality of the training.
If you don’t do your utmost best to ensure that your online store is safe to use, you could end up putting your customers in real danger. From their finances being stolen to their personal data being hacked into, any kind of trouble could befall your site’s users if you do not take cyber security seriously. Make sure, then, that you take it seriously!
When it comes to improving your online store’s cybersecurity measures, the following advice makes for essential reading.
Make your mobile payments safer
One of the most burgeoning e-commerce trends is mobile payment. As stated on Oberlo’s mobile shopping trends article, this is because this kind of transaction process prioritizes comfort, and it makes the buying process a whole lot simpler. You would be foolish not to grant your customers the opportunity to pay for things on your store via their mobile devices.
Allowing this kind of payment to take place does come with its fair share of drawbacks; however, the biggest one being that it isn’t always the safest form of transaction. This doesn’t mean that you can’t strengthen your mobile payment process, though. Some of the measures that you can and should put into place in this instance include:
- Only ever using a trusted payment platform
- Ensuring that your payment terminals are NFC-enabled
- Encrypting your network to ensure sensitive information cannot be sent through it
Switch to HTTPS
In this day and age, if you continue to stick with the HTTP protocol, your online store will be a sitting duck for cyber criminality. If you’re serious about safety, you must switch to HTTPS.
Created initially to safeguard the particularly sensitive elements of e-commerce sites, such as the payment process, HTTPS is now used to protect whole websites. By embracing this protocol, you will be able to be sure that your visitors’ data will remain safe at all conceivable points.
Protect your Admin Panel
Your Admin Panel is the aspect of your store that is least difficult for cybercriminals to crack. All it takes is for you to set a weak password, and hackers can have a field day when it comes to accessing all of the data you store in the backend of your site.
To protect your Admin Panel, you need to:
If they were to encounter trouble with a cybercriminal while using your online store, you can be sure that your customers will not give you a second chance. They will lose trust in you instantly, and more than likely never return to you again — and they’ll tell everybody that they know to avoid your website in the future, too, for good measure. If you don’t take cybersecurity seriously, you could also even find yourself in hot water with the authorities. The impact cyber criminality could have on your online store is something you should want to avoid at all costs, which is why you must put all of the above advice into practice as soon as possible.
It is not a secret that many people nowadays do not pay much attention when they surf the web at home or at work. There are new data breaches and exploits on a daily basis and still avoiding to take any precautions may result in a catastrophic consequences. Even the biggest corporations are paying millions of dollars so they can improve their cybersecurity and remain safe. However, if you still believe in some of the cybersecurity myths you may put your own computer or even your whole organization to a huge risk. We from CyberDB have decided to bust some of the top 5 cyber security myths and make it clear for you.
There has been recent focus on alleged Iran cyber activity the past few weeks, spurned on by the publication of a vendor report on Iranian operations. Per the vendor’s findings, not only was Iran likely behind the activity that was targeting government and private sector in the Middle East, it was implementing National Security Agency exploits that were stolen and dumped into the public domain by the Shadow Brokers group in April 2017. As recently as late August 2018, Iran is suspected of trying to launch influence operations ahead of the midterm elections. The conclusion is that Iran is increasingly using asymmetric attacks, particularly via cyberspace, as part of its tool box to conduct retaliatory attacks.
The new reporting comes at a time when Russia’s cyber malfeasance has largely dominated the press, due to its influence operations efforts and election shenanigans, not just in the United States but in other countries as well. Prior to the Russia focus, North Korea was the focal point with its suspected cyber activities targeting cryptocurrency, and the SWIFT banking transactions before that. Iran was propelled onto the scene with Operation Ababil