What Is Social Engineering and How Can It Affect Your Business?

Terms like phishing and malware have become very common terms these days because of their widespread use online. Did you know that these activities are but a small part of a much bigger operation known as social engineering?

Definition of Social Engineering

The term might be new but the practice has been going on for centuries. It’s the infiltration of something secure, intending to acquire information or secure access through cunning means. With the use of modern technology, social engineering is now possible with the victims not even knowing. If you are caught unprepared, as a result, this could potentially lead to the downfall of your business.

External Threats in Social Engineering

Businesses these days rely heavily on technology across all operations and as a result, it makes our life easier. This gives social engineers vast opportunities to trick people into providing all sorts of information, such as the following.

Phishing

Phishing is by far the most prevalent form of social engineering attack. It is a very straightforward kind of trickery, and that simplicity is also the reason why it is so effective. Through an authentic-looking email, the hacker would take victims to websites that look real and ask them to log in, which many people would do without a second glance. Just like that, you would just as well be giving the hackers the keys to your network.

Spear Phishing

This kind of social engineering attack is a highly targeted version of phishing. It is directed at specific victims and involves a great deal of preparation, making use of contacts and references very familiar to the targeted victim, making the scam almost imperceptible.

Baiting

Just as the term suggests, this strategy is all about enticing the victim to fall for the bait. There are many approaches to this, like telling them they won something then asking to click on a link to claim the prize, or letting them know that their computer has been infected and again, getting them to click on a link that will supposedly fix the problem.

Internal Threats in Social Engineering

Once a hacker is in the system, there are countless ways that they can steal information or wreak havoc on your business. So getting their foot in the door is of the utmost priority for many of these devious social engineers.

Doing this physically is not as difficult as it might seem. One of the commonly used methods is tailgating or entering the premises on the pretense that they are an authorized entity. Many hackers also take advantage of what they can glean from public information, which is surprisingly a lot, especially if they have the patience to do a regular observation of the target area, or are willing to go dumpster diving.

How to Keep Your Business Safe from Social Engineering Threats

It’s quite scary to think that many use social engineering tactics today, but with awareness and the presence of mind, you can easily avoid becoming a victim. Simple practices like refraining from opening suspicious-looking emails and attachments would be very helpful. It is also advisable to implement multifactor authentication in all your systems and to keep your antivirus software updated.

In conclusion, as a business owner, it would be in your best interest to have all employees undergo training that will equip them with the tools and skills needed to circumvent any social engineering attack. You can find out just how much your staff knows about social engineering and other online threats by having them take this free cybersecurity quiz.

We can help bolster your company’s defenses against online threats of all kinds. From training your employees to updating your network, we can cover for you. Just let us know when you are ready and we will be happy to be of service!

Quiz Time: How Well Do You Understand the Role of Backup Disaster Recovery?

In recent weeks, we have talked a lot about backup disaster recovery and how important it is when running a business. We have discussed what a business owner needs to form a solid recovery strategy. We’ve also listed some terrible things that can happen if you don’t protect your business with a good plan for dealing with disasters.

It troubles us that many business owners do not fully understand backup disaster recovery and do not take it seriously. If you want to check your comprehension of this process, you can take this simple quiz we have prepared. It is very informative and reveals important facts about disaster recovery.

A Brief Quiz on Backup Disaster Recovery

The following are ten statements that have to do with backup disaster recovery. Read each one carefully and establish whether the statement is TRUE or FALSE.

  1. Cyberattacks are no longer as frequent as in previous years, so having a disaster recovery plan for your business data is not important anymore.
  2. Backup and recovery involve making copies of data and storing them in a safe place where they can be accessed and restored if needed.
  3. Cloud-based data backup is completely and permanently safe.
  4. Hiring a professional to back up your data and doing it yourself are equally reliable.
  5. You can only lose your data if a hacker infiltrates your system.
  6. Hackers can create a data breach through phishing attacks.
  7. There is no connection between being hacked and having weak passwords.
  8. Regularly updated cybersecurity software will protect you from phishing attacks.
  9. Data encryption is an effective way to protect your data from hackers.
  10. Implementing multi-factor authentication for all employees can be expensive for your company.

Quiz Answers

  1. FALSE.

Quite the contrary, cyberattacks are even more prevalent today than ever. There are also many new kinds of attacks that were unheard of as hackers have become more creative as we improve our disaster recovery plan.

  1. TRUE.

Data can be duplicated and stored in as many locations as you want. Usually, there is at least one on-site and one off-site location. Frequent backups are recommended.

  1. FALSE.

It’s safer than a few other types of storage, but cloud backups are still not 100% guaranteed to be safe, especially now that a rising number of cyberattacks are targeting the cloud.

  1. FALSE.

A professionally managed service provider can do so much more to protect and back up your data than you can do on your own for disaster recovery. This protection includes 24/7 monitoring and full restoration in case of a disaster.

  1. FALSE.

There are many ways of losing data. It could be through an online attack, human error, electronic failures, natural disasters, and many more.

  1. TRUE.

Phishing is now a common way for hackers to steal data, and it is also used to break into networks and encrypt data.

  1. FALSE.

According to surveys, approximately 80% of data breaches can be traced to weak passwords and are not recommended when having a disaster recovery plan.

  1. FALSE.

It is necessary to update your cybersecurity software. Unfortunately, this does not ward off phishing attacks. For protection from these scams, employee training and education are the best forms of protection.

  1. TRUE.

Data encryption is one of the most trusted methods of protection. A managed service provider can easily do this for you and keep your confidential information safe.

  1. FALSE.

Multi-factor authentication is one of the cheapest ways for business owners to protect their data and have disaster rcovery, but they don’t spend enough on it.

Evaluating the Results

As we said, there are a lot of false notions about backup data recovery. So if you did not get a perfect score, don’t fret! The good news is that you are now more informed. We can also help you protect your business with a reliable backup and disaster recovery strategy that you can quickly and systematically roll out whenever necessary.

If this Quiz was harder than it looked, then maybe you should watch out Free Cybersecurity Webinar to brush-up on the latest cyber trends. If you have any questions about your data security, give us a call and let’s solve that problem. Finally if you enjoyed this quiz, we have a second Disaster Recovery Quiz for you to further your knowledge!

The Consequences of Not Having a Proper Disaster Recovery Plan

We have often talked about how having a disaster recovery plan is one of the most crucial elements of good business management. Despite our constant posts and reminders, however, there are still thousands of business owners all over the world that do not take disaster recovery seriously.

Most businesses take precautions to protect other aspects of their business—car insurance, vendor contracts, and so on. But it’s scary that many people choose not to spend money on a good disaster recovery plan.

How will you handle a disaster that damages your data, equipment, or other resources? If you have prepared a business contingency plan for such events, you will have something to fall back on. There might be losses, but they will be minimal, and you will be able to restore everything soon enough.

If you don’t have a proper disaster recovery plan, you might not be able to continue with business operations. Here are some consequences you might face if you cannot prepare a suitable recovery plan for your business right from the beginning.

Disaster and Substantial Data Loss

Businesses rely on many kinds of data to operate properly. From marketing to sales to customer records, your company’s data plays a considerable role in day-to-day operations. If your data gets lost or damaged, your business can invariably collapse!

Even huge companies are not immune to the effects of data loss. Many people have had to spend millions of dollars just to get their data back after they lost it because of a cyberattack or a natural disaster.

Business Interruption

If a disaster hits your business and you don’t have the means to recover, your operations may come to a stop. You can’t work and earn money until your business is back on its feet. Without a proper disaster recovery plan, recovery can take a very long time!

Depending on the amount of damage, you will either need to rebuild your business or relocate. Either way, the process will be difficult if you don’t have a recovery plan.

Loss of Customers when not having a Disaster Recovery Plan

No matter how loyal some of your customers might be, it is unlikely that all of them will stick around if they see that your business has suffered from a disaster. Some may wait a while if they see you doing your best to recover and restore all lost information. They will take their business elsewhere if they discover you can’t fully recover.

What’s worse is that even if the disaster did not directly affect other clients, the news might spread quickly, and they might leave as well. New prospective clients might also think twice about entrusting their needs to you.

Huge Spending

Disaster recovery can be expensive, even with a plan, especially if you do not prepare for a disaster. Depending on the type of disaster, you may need to buy new hardware and re-encrypt any lost or damaged data. You are also losing a lot of money because you haven’t yet gotten back on your feet.

Disaster Recovery Plan: Final Thoughts

Research shows that 40% of businesses do not have a contingency plan in case of a disaster. These businesses will have a hard time getting their money back if something bad happens.

If you want to prepare your business for a disaster, we can help! Get in touch with us, and we will build a disaster recovery strategy to give your business the most comprehensive protection possible. Don’t forget that we can help you check if your office has exposed or stolen passwords or login info by running a Free Dark Web Scan. If you want to test your Backup Disaster Knowledge, take our BDR Quiz!

Things to Consider in Building a Data Recovery Strategy

Disasters have different effects on our business, all of them unpleasant. We can avoid many of these disasters by setting up cybersecurity protocols to protect sensitive data. We can think of a data recovery strategy to help prevent these disasters from happening. Many threats avoid the tightest defences, leaving your system in complete chaos. With these breaches, you need a plan for recovering data that will keep your business running even if something unexpected happens.

Types of Disasters to Look Out For With Your Data Recovery Strategy

There are many types of disasters that can befall a business. The first type that comes to mind is the online attacks that lead to data breaches, hacking, and data theft if you don’t have a recovery strategy in place. Indeed, cybercrime is among the leading causes of data loss and damage these days. But there are also plenty of other dangers that you should be able to recover from.

Building Disasters

Natural disasters or man-made disruptions in the physical location of your business can cause a lot of damage and must be planned for. If you experience a fire or the power goes out, a bucket of water or generators might not be enough to save your business. You will also need a good data recovery strategy that you can rely on.

Communication Failure

Digital and non-digital disasters can also cause a failure in communication. Hacking and data breaches, for instance, can hinder inter-departmental communication. Natural disasters can also cut off communication channels, but differently.

Application Failure

Hardware and software that haven’t been updated regularly can cause systems to crash, which can cause data loss or damage if we have no recovery strategy for our data. You can protect your business from these things by ensuring your equipment and all apps are always up to date.

Datacenter Disasters

Malware attacks are the most common cause of data centre disasters. Viruses, phishing software, and similar tools can directly target your company’s data for theft or use them to make ransom demands.

City and Regional Disasters

These are more widespread disasters that affect the entire city or state. It can be harder to stop these disasters because they are often out of people’s control. Typhoons, floods, earthquakes, and other similar natural disasters are examples of this type.

National and Worldwide Disasters

These disasters happen on an even bigger scale. They can be physical or digital and can quickly spread to many places. The recent pandemic is an example of a disaster that was so bad that it stopped all businesses globally. Similarly, many types of data attacks also target victims on a global level. That is why we should always have a data recovery strategy in place when this type of disaster happens.

Critical Elements of an Efficient and Reliable Data Recovery Strategy Solution

Now that you know what you are up against, you can plan a data recovery strategy that will work best for your business. When making a strategy, prioritize which parts of your business must be recovered first.

Each business is unique and has its own specific needs and priorities. To understand the best data recovery strategy for your business, you need to know about your resources, finances, risks, insurance, supply chain, and compliance needs.

The Crucial Role of Dependable Backup In Data Recovery Strategy

When coming up with a data recovery strategy, you should always have a copy of all your data for when something goes wrong. You can store your backup in the same place as your business, which sometimes works and is usually the easiest option. But usually, cloud-based data backup is much more reliable, especially in natural disasters that could destroy your physical data storage.

Final Thoughts

Preparing a data recovery strategy for your business is not something you should take lightly, as you can see. It will take a lot of careful thought, time, and, ideally, the expertise of cybersecurity experts.

One step you can take is to watch our on-demand cybersecurity webinar. You’ll feel safer knowing your credentials are not for sale by hackers!

You know your business best, so you are in a great position to make a strategic plan for data recovery. But if you would like to take advantage of our team’s expertise and experience in data recovery, we are more than happy to help! Call us anytime, and we will prepare your business for any disaster.

Importance of a Reliable Disaster Recovery Plan for Your Business

Running a business is not always a smooth-sailing operation. There are often things that could go wrong regardless of how cautious you are or how hard you abide by the so-called rules. Because of this, you should have a good backup and disaster recovery plan in case a disaster happens, like an accident or a cyberattack.

There are plenty of BDR solutions for different businesses. You must find the one that fits your needs and will protect your network and data in the best way possible.

Understanding Backup Disaster Recovery

All businesses deal with important information, like details about transactions, private information about employees and customers, and so on. Part of good business management is providing ample protection for all the data.

As you run your business, there will be a lot of things that can cause you to lose or damage data. Natural disasters are among the reasons, like severe storms, flooding, fires, and similar events. Equipment failure can also damage your system, like if an unexpected electric surge fries your hard drives.

These days, however, the most common cause of network and data disasters is cyber-attacks. Malware can lead to the theft or destruction of sensitive data. We’ve seen terrible things happen that forced businesses that weren’t ready or protected to close.

Why Are Backup Disaster Recovery Solutions Important?

Reliable BDR solutions play several roles in the security and protection of a business. One of the best ways to use them is to be sure that you can keep running even after a disaster. Depending on the damage, your business might not run at all or only partially after a disaster. But once you roll out your disaster recovery solution, your business can operate as usual.

Likewise, having a sound disaster recovery plan will minimize financial losses for your company. For example, it will reduce expenses on data restoration if you have secure backups. It will also reduce the time that you can’t conduct transactions and generate sales, like when you temporarily don’t have a website that works properly.

Competent Disaster Recovery Specialists

To create a successful recovery plan, you must recognize the essential elements. First, you need to find a team of experts that you can trust and who can give you the technology, protocols, and training you need to prevent data loss and fix any damage caused by disasters. Part of their function is to get your business back on its feet in the event of such disasters.

Risk Evaluation System

Businesses face varying degrees of risk that a specific disaster will occur. A reliable risk evaluation system will help you understand which disasters are most likely to happen and what the best plan of action would be if something were to happen.

Identification of Critical Assets

In the aftermath of a disaster, your business will go through a recovery and rebuilding process. You must identify quickly and prioritize the most critical assets in this recovery process.

Secure Data Backup

Before anything happens, you should already have safe copies of your data, preferably in multiple places. In a disaster, your backup recovery process must be able to get to your data. This step is important, as a result, it can help you restore lost or damaged files.

Final Thoughts

Now that you are aware of why disaster recovery is such a crucial part of running a business, waste no time and start planning your business recovery strategy today. Better yet, locate a managed services provider that specializes in backup and recovery.

And don’t forget that training your employees in cybersecurity is an important step to your protection. You can start by having them watch our Free Webinar or having them take our BDR quiz!

We have the most reliable backup and disaster recovery services that are tailored to fit your business. Call us today, and we’ll start working on the best solution for your business.

Quiz Time: Can You Handle Social Media Phishing Attacks at work?

Our last three blogs have discussed cybersecurity threats and how they affect businesses. We have talked about the dangers that stem from various types of malware. We have warned about the newest cybersecurity risks expected to wreak havoc on businesses soon. And in the face of the continuously growing popularity of remote work setups, we have delved into the cybersecurity threats associated with working from home.

The common denominator of all these discussions is that they are all linked to phishing. A successful phishing attack can make a network susceptible to the online threats that we have talked about. Thus, you and your employees must know how to handle social media phishing attacks at work. To find out just how prepared your staff is to circumvent phishing attacks on social media, you can have them take the following quiz.

A Brief Quiz on Social Media Phishing

Here are ten statements that have to do with phishing in social media. Read each one carefully and decide whether it is TRUE or FALSE.

  1. It’s safe to click on social media links and messages at work.
  2. A lot of phishing attacks use publicly available information.
  3. Social media phishing attacks target only individuals, not organizations.
  4. A cybersecurity risk assessment reveals the weak areas in your company’s security strategy.
  5. A ransomware attack occurs once every 40 seconds.
  6. Smaller businesses have a lower risk of being attacked by hackers.
  7. Malware and virus protection is more important than employee cybersecurity training.
  8. Cybersecurity insurance can save your business.
  9. Two-factor authentication is better for account logins.
  10. Working from home and working from the office are equally safe.

 

Quiz Answers

  1. False

Even if your company has a reliable cybersecurity system in place, it’s never 100% certain, so be conscious and vigilant if you want your data and network to stay secure.

 

  1. True

Most of the time, cybercriminals use information already available to the public. We should be prudent in revealing information, even if it seems harmless. Hackers might use anything that is made public as a tool for infiltrating your confidential files.

 

  1. False

Phishing attacks used to target individuals, but the hackers that use this method have now leveled up and are also targeting organizations, even multinational companies.

 

  1. True

You don’t have to wait for an actual phishing attack to gauge the strength or weakness of your defenses. An MSP can give you a thorough cybersecurity risk assessment to identify the weak spots you need to work on.

 

  1. True

Ransomware attacks are much more frequent than people realize. Most businesses are on a hacker’s hit list, but they have not launched an attack yet.

 

  1. False

Smaller businesses are at a greater risk because they often have weaker defenses against online threats,

 

  1. False

Both are very important and go hand-in-hand with an effective cybersecurity strategy.

 

  1. True

Some business owners forego getting cybersecurity insurance, thinking it is unnecessary and expensive. But if you fall victim to a security breach, it can cost you upwards of $50,000, and cyber insurance can help cover such amounts.

 

  1. True

Two-factor authentication is much harder for hackers to penetrate than single-step login, making it more secure.

 

  1. False

While there are plenty of things we can do to make working from home safer, it is still not nearly as secure as working from the office, where software updates and router upgrades are easily done.

 

Evaluating the Results

Did you get a 10? If so, you are equipped with the knowledge and skills to deal with any online attack! Warding off phishing attacks on social media will be a cinch!

A lower score means more training is needed, which is something that we can do for your company. As a comprehensive managed services provider, we have a highly competent cybersecurity team that can train your entire staff and get your company ready to face cybersecurity risks. Contact us today to learn more!

If you want to be more thorough with testing your Phishing knowledge, we have another quiz for you to take! After taking your quizzes, if you feel you need to learn more about cybersecurity please watch our cybersecurity webinar, so you can better protect yourself and your business!

Addressing the Cybersecurity Risks of Working from Home

A remote workforce has become the norm since the pandemic. Even now that we consider it safe to return to the office work environment, many businesses have maintained the remote work setup because of the advantages. However, working from home also brings cybersecurity issues that need attention so as not to jeopardize the company’s network and sensitive data.

What Are the Cybersecurity Dangers That Come with Working from Home?

When working from home, employees lack the usual protective measures used in an office network. Many workers use their home networks and may also use the same device for both work and personal transactions. Because of this, there are a lot of security issues that can arise and potentially cause damage to the company.

Vulnerable Personal Networks

You can keep your home network protected by regularly updating your antivirus software. However, most people do not realize there is also a need to update their router software. Without doing this, you will make your home network, and ultimately your work data, susceptible to the prying eyes of online criminals.

Greater Reliance on Technology

Now more than ever, we rely heavily on online tools for doing all kinds of business procedures. Besides the basic emailing and sending of files, practically everything else gets done using digital technology, from video conferencing to banking to fulfilling orders. This widespread use of online tools gives hackers more opportunities to hack company records.

Lack of Cybersecurity Awareness

In the office environment, IT people take care of any cybersecurity issues. Thus, employees do not take such matters too seriously as it is not their primary responsibility, although they are still liable. You must train them in cybersecurity and be sure they are fully aware of potential issues when working at home. Unfortunately, this is not the case since most employees still lack adequate skills and knowledge to circumvent these cybersecurity threats.

Fatigue and Lack of Focus

Human error is still the most common cause of data breaches, and this is especially true in the remote work environment. Studies have shown that almost 40% of work-from-home employees feel exceptionally tired in the remote work setup. In addition, they also need to juggle home chores, which reduces their focus on implementing cybersecurity protocols and makes them lax in their judgment. All these things combined can significantly increase the chance of remote employees inadvertently exposing the company’s confidential files to hackers.

Weak Passwords

In trying to infiltrate company networks through remote workers, hackers will try to crack the user’s passwords. It is the easiest method, and it just so happens that many people still use weak passwords, even for sensitive accounts.

Use of Personal Devices

In the typical office environment, employees will use company-issued computers with current malware protection. When working at home, however, many people use their laptops or smartphones, which are likely to have less than adequate IT security measures installed, like data encryption.

Making Remote Work Safer From Cybersecurity Risks

There are many benefits to working from home. If you feel this is the best strategy for your company, go for it. However, make sure that all remote processes are completely secure. This step is where we can help!

Since we are focusing on cybersecurity this quarter, we have developed a little Quiz for you and your employees to take. Not only is the Quiz fun, but it counts toward your Employee Cybersecurity Training! Access the Quiz Here!

Our cybersecurity experts can equip your company and your remote workers with the skills and technology to stay protected from malware attacks and other online threats. Contact us to learn more about our comprehensive and fully customizable cybersecurity services today!