2020: A New Decade of Digital Threats - Is Your Business Email Secure?
- by Brittany Day
A new decade is on the horizon, and 2020 will undoubtedly consist of many advances in technology and security. However, unfortunately many of the digital threats and security shortcomings that have plagued this decade will persist or worsen - new threats targeting businesses of all sizes are anticipated.
The current security posture of many organizations - especially SMBs - is shamefully subpar. According to Ponemon Institute, only 40% of SMBs report that the technologies currently used by their organization can detect and block most cyber attacks and only 14% rate their ability to mitigate cyber risks, vulnerabilities and attacks as highly effective. Email is an extremely popular method of communication that is essential to business success, so it comes as no surprise that it is also threat actors’ preferred attack vector. According to Verizon, 90% of cyber attacks are initiated via email.
Sadly, many organizations either fail to recognize the importance of effective email security or think that their email accounts are adequately secured when in fact they are not. It is only after they are hit with an attack and forced to deal with the unpleasant and often devastating consequences such as hefty losses, decreased productivity and ruined reputations that this becomes apparent.
This article will examine a few of the most significant trends expected to impact the digital threat landscape in 2020, as well as provide some insight into how organizations can most effectively mitigate their risk of suffering a damaging and costly attack.
Top 4 Cybersecurity and Cybercrime Predictions for 2020:
Phishing attacks and credential theft will skyrocket.
Threat actors are shifting their focus away from time-consuming APT attacks and costly zero-day exploits and honing in on phishing and credential theft. While seemingly primitive, these attack variations are actually highly efficient and effective, especially given many organizations’ inadequate defenses.
Phishing is currently the most commonly used attack vector on organizations, leading to 53% of all cyber security breaches and frequently resulting in credential theft and account takeovers. Credential phishing is especially problematic in Microsoft Office 365 due to the platform’s growing popularity and the insufficiency of its built-in security features. Office 365 has over 180 million monthly users - adding more than 50 thousand per month - so it’s no surprise that its email system is becoming an increasingly popular target for cyber thieves. According to Osterman Research, despite existing Office 365 protection, 40% of Office 365 customers have experienced credential theft.
Third-party data breaches will constitute a larger part of the digital threat landscape than ever before.
According to IBM, the average time it took an organization to identify a data breach in 2019 was an alarming 206 days. In even worse cases, breaches go undetected by victims due to the sophistication of modern attacks and many organizations’ lack of cybersecurity skills. Threat actors recognize the effectivity of these attacks and will continue to take advantage of businesses’ shortcomings to compromise data and intellectual property which can be monetized for personal gain. When it comes to data breaches, no organization is too small to be a target. In fact, according to Verizon 43% of 2019 data breaches involved small business victims.
The spread of compliance fatigue will carry serious repercussions for businesses.
The California Consumer Privacy Act (CCPA), which was finalized on January 1, 2019, has been a topic of ongoing controversy and debate. The objective of this legislation is to protect citizens’ personal data and prevent the misuse or unconsented usage of personal information, and the law imposes hefty fines of up to $7,500 per intentional violation and $2,500 per unintentional violation.
If other US states follow California’s lead and introduce their own state privacy laws, things could potentially become pretty confusing. Organizations could be forced to comply with overlapping and sometimes incompatibly contradictive regulations on US territory to avoid harsh financial and legal repercussions. As a result, 2020 may end up being the beginning of a steady decrease in cybersecurity compliance. A combination of the slow and complex judicial system, tight budgets and insufficient cybersecurity skills may cause professionals to disregard privacy and data security regulations.
Ransomware will dominate the media, with mobile ransomware and RaaS becoming increasingly problematic for organizations.
The growing potential for threat actors to profit off ransomware attacks is driving rapid innovation in ransomware variants and the tactics they employ. Criminals are often able to easily modify small-scale attacks so they can be used against large corporations, demanding larger ransom payments. It only takes a few successful large-scale attacks to produce substantial revenue, which serves as a major incentive for ransomware authors and operators.
However, enterprises and large companies are not the only organizations that need to worry about ransomware. Although 54% of SMBs believe that their companies are “too small” to be ransomware targets, in reality no company is “too small” or “too large” to be safe from this serious threat. In fact, according to the US National Cyber Security Alliance, SMBs are the most popular targets for ransomware attacks and 60 percent shut down within six months of an attack.
Certain types of ransomware are expected to be especially problematic in 2020. Mobile ransomware is on the rise, and the number of new mobile variants increased by 54% this past year. This can be attributed to the fact that mobile phones often lack adequate security defenses and contain valuable information. Security experts predict a steady increase in both the number of mobile ransomware attacks and the magnitude of these attacks. Ransomware-as-a-service (RaaS) schemes on the dark web, which enable individuals and groups to have a disproportionately large impact relative to their knowledge and skills, are also expected to become increasingly prevalent in the coming years.
How to Secure Business Email Against the most Advanced Threats
Combating today’s advanced email threats requires a comprehensive, defense-in-depth approach to business email security. Antivirus software or spam filters alone are insufficient in protecting against sophisticated attacks such as polymorphic malware, new viruses and zero-day exploits. In fact, according to Ponemon Institute 80% of SMBs report that malware has evaded their antivirus software.
In order to effectively protect against the sophisticated attacks that constitute the modern digital threat landscape, it is imperative that organizations implement an intuitive, adaptive business cloud email security solution that provides complete end-to-end control of their email infrastructure, preventing malicious emails from reaching the inbox.
While employee education and security awareness training are also important in preventing attacks, user behavior is ultimately unpredictable. Thus, it is critical that businesses invest in technology that creates a safeguarded environment around users, mitigating the risk associated with human error. Luckily, email security has evolved immensely over the past 20 years and solutions that provide this complete, multi-tiered protection necessary in effectively securing business email accounts now exist.
Guardian Digital EnGarde Cloud Email Security: Real-Time Protection Against Today’s Most Dangerous Threats
Guardian Digital EnGarde Cloud Email Security provides comprehensive, proactive protection against the most advanced, difficult-to-detect email attacks. Benefits of securing your business email with EnGarde include:
- Multi-layered threat protection that not only protects business email from threats but also anticipates them
- Multiple leading antivirus engines and spam filtration frameworks
- Adaptive-learning heuristic system, which continues to improve over time
- Secure endpoint encryption using strong cryptography
- Real-time URL filter
- URL analysis
- Robust auditing and reporting
- Next-generation statistical analysis
- Dynamic reputation system classifies emails based on origin
- Centrally managed cloud-based administration and flexible policy management
- Tighter security, adaptive implementation and eliminated risk of vendor lock-in through the use of a transparent, collaborative development approach
- Passionate, knowledgeable 24/7/365 customer support and around-the-clock system monitoring
Don’t start the new year off with your business email accounts inadequately secured, leaving an “open door” into your business for threat actors to exploit with their ever-evolving attacks. Contact us today - we would love to continue the discussion on the importance of effective email security and how our protection could benefit your business.
- Effectively Securing Business Email Accounts: Are Employees the Weakest Link?
- Encryption: An Essential Yet Highly Controversial Component of Digital Security
- Business Email Security Redefined: Key Benefits of Securing Your Business Email with Guardian Digital
- 8 Business Email Security Best Practices
- Demystifying Email Encryption: Stop Sender Fraud
- Demystifying Phishing Attacks: How to Protect Yourself Now
- Demystifying Tax Fraud: How to Avoid Falling Victim to Deceptive, Costly Scams This Tax Season
- Coronavirus Phishing Scams are On the Rise - Is Your Business Email at Risk of Infection?
- Dave Wreski: Founder of Guardian Digital – Open Source Cloud Email Security
- New Ransomware Warnings: Is Your Business Safe from This Silent Threat?
- FBI: Existing Cloud Email Protection Inadequate Against Phishing, Ransomware
- Email Risk is Universal: Securing Business Email in Every Industry Sector
- How To Safely Navigate Office 365 While Working Remotely
- Tips and Advice for Staying Safe Online During COVID-19
- Why Your Business Needs Better Email Security
- Defending Against COVID Email Spoofing Attacks with DMARC
- You’ve Got Mail: How To Tell If It’s Fraud
- Open-Source Security Is Opening Eyes
- Think Like A Criminal: How To Write A Phishing Email
- The Four Biggest Email Threats Your Business Faces Today
- Everything On DocuSign Phishing Attacks in 3 Minutes
- Understanding Payload-Less Email Attacks in Under 3 Minutes
- Demystifying Fileless Malware in Less than 3 Minutes
- How to Protect Sensitive Data & Maintain Client Trust in Financial Services Industry
- Exchange Servers Are Vulnerable - Learn How To Secure Your Email Server Now
- Apache SpamAssassin Leads A Growing List of Open-Source Projects Taking Steps to Correct Instances of Racism and White Privilege
- Cyber Risk Is Greater than Ever in the Legal Industry
- Understanding Malicious URL Protection - And Why You Need It to Secure Your Email
- Email Security for SMBs Beyond COVID-19
- Email Risk Is BIG for SMBs - How To Protect Your Business Now
- Email Threats By The Numbers: How Big Is My Risk?
- The Modern Email Threat Landscape: Where Traditional Defenses Fall Short
- Why Email Security Is More Important Than Ever in This 'New Reality'
- The Threat of CEO Fraud Extends Beyond the C-Suite
- Top Email Security Trends Putting Your Business at Risk of Attack
- Think Like A Criminal: What You Need to Know About Social Engineering Attacks in 2020
- Managed Services: A Key Element of Effective Email Security that Even Modern Solutions Lack
- How To Secure Your Remote Workforce: Advice from Leading Security Experts
- FBI: The 2020 Presidential Election Is Under Attack by Email Scammers
- AT&T Security Researchers Identify a Correlation between Strong Cybersecurity and Business Success
- Your Current Approach to Email Security May Not Be Enough
- Ways to Prevent Email Account being compromised in a Breach
- Celebrating 20 Years of Revolutionizing Digital Security
- IBM Closes its $34 Billion Acquisition of Red Hat
- Interview with Security Expert and Author Ira Winkler
- What is Phishing Email? How to prevent Phishing email scams?
- Ways Our Business Email Exceed Your Expectations
- Spear Phishing Protection - Definition & How To Recognize Spear Phishing Email
- What is Whaling (Whaling Phishing)? & How to Prevent Whaling attacks?
- Ransomware Attack Explained - Best Practices For Ransomware Protection
- Business Email Compromise (BEC) - Definition & Prevention From BEC Attacks
- Wire Transfer Scams Involving Real Estate Transactions: How to Prevent Fraud with Effective Email Security
- Guardian Digital and Mautic: A Dynamic Open-Source Duo
- Email Malware - How to Recognize & Prevent Malware Email Attack
- An Open-Source Success Story: Apache SpamAssassin Celebrates 18 Years of Effectively Combating Spam Email
- What is Spam Email - Types & How to Prevent Spam Emails?
- Email Virus - Complete Guide to Email Viruses Plus Best Practices
- What Is A Zero-Day Attack & How To Prevent Zero Day Exploit?
- 2020: A New Decade of Digital Threats - Is Your Business Email Secure?
- Linux: An OS Capable of Effectively Meeting the US Government’s Security Needs Heading into 2020
- Email Security: Complete Guide on Email Security & Types of Email Threats
- Guardian Digital Keeps its Customers Protected from Intel Design Flaw
- Security Spotlight: Open Source Email Security Solutions
- Top Six Advantages of Open Source Development/Products
- Python and Bash - Contenders for the most used scripting language
- Guardian Digital Outlines Top 4 Benefits of Choosing Cloud
- Unrivaled Protection Against Today’s Most Dangerous Threats
- Guard Your Email Accounts Against Today’s Most Dangerous Threats
- Security Highlights from Defcon 26
- Linux / Open Source FAQs: Common Myths / Misconceptions
- Email Security FAQs Answered by Guardian Digital
- Guardian Digital Mail Systems: Designed to be Secure Without Fail