Top 3 Cyber Security Predictions for 2022 – and how you can protect your business

After a year that saw the largest rise in cyber-crime rates in history, it’s more important than ever to protect your business from the threat of cyber-attacks.

A recent poll from PWC highlighted that almost two thirds of UK business leaders believe the threat from cyber criminals will only increase, mostly fearing business email compromise, ransomware attacks, and viruses delivered via software updates.

Strengthening your cyber security management means being proactive. Here we have highlighted the top 3 threats most likely to impact businesses in 2022 and steps you can take to stay ahead of cyber criminals.

1. Phishing

Phishing is a type of social engineering attack often used to steal sensitive data. Most attacks arrive by email, but it can occur via a text message, social media or by phone.

Phishing attackers pretend to be a trusted organisation and trick people into revealing data or taking action that will trigger an attack.

The most common phishing attack is a user clicking a bad link in an email. Attacks can install malware, (ransomware), sabotage computer systems, allow the hackers to steal login details, intellectual property and corporate funds.

Phishing can hit an organisation of any size and type and remains one of the cheapest and easiest ways for cyber criminals to attack an organisation.

2. Cloud Jacking

Cloud jacking, also known as cloud hijacking, is when a hacker compromises or takes over a business’s cloud account. 

There are multiple ways that hackers can use an account takeover to damage your business and gain financial benefit.

Some of these things include stealing financial information, moving company funds, releasing sensitive customer data, using your email accounts for phishing, adding ransomware and deleting your files. 

3. Insecure Endpoints & Networks

Remote work environments have more recently become a bigger target for hackers. The increase in remote working, means an increase in different remote devices (endpoints) logging into business systems from insecure networks.

Devices such as phones, laptops, tablets on outside networks may not possess the same level of security used within a traditional workplace.  Cyber criminals are using this to their advantage to infiltrate networks and steal critical information. 

3 Tips to Protect Your Business from Cyber Security Threats

We recommend a multi-layered approach to cyber security management with different methods working together to defend your systems. Collectively building a solid foundation for cyber security.

1. Educate your team

In the first instance, Cyber Security should be part of your regular employee training. Your employees need to know how to handle and protect sensitive data, they can be trained to recognise attacks, understand the latest tricks and how to escalate any problems that they see in your business.

2. Stay up to date with the latest Cyber Security Threats

Even large companies with dedicated IT Security Managers can find it difficult to stay up to date with the ever-evolving landscape of cyberattacks.  However, in order to protect your business, it’s key that you understand the latest cyber threats and what to do to prevent and combat them. 

All our customers benefit from our central management and expertise as we protect and monitor their business 24/7. But that’s not all, we partner with a leading Cyber Security vendor to ensure we have access to all the latest information and technology, safe in the knowledge that our services remain ahead as cyber-crime advances.

3. Create a Cyber Security Policy  

Regardless of size, it’s vital that every business using IT devices or IT Systems has a Cyber Security Policy.

The basics of a policy should include:
– Guidelines on protecting devices (including up-to-date operating systems, patching, browsers, firewalls, and encryption)
– Multi-factor authentication (not just strong passwords, but secondary methods of authentication)
– Data protection (including how to handle customer data and what is appropriate to send via email). 

Your policy should be available to all employees and reviewed frequently to ensure everyone in the business understands and abides by the proper protocol. 

“One small business in the UK is successfully hacked every 19 seconds.” – Source: Hiscox

So, whether you build up in-house expertise or find a trusted outside partner, cyber security management can no longer be a project set on the back burner.

If you’d like further information on how we can help your business with our Cyber Security Services and management, please get in touch. 

Written by
Richard Barbera
Director
Netcomm Systems Ltd