Guardian Digital Blog - Page No: 19

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In this paradigm shift for business driven by the rapid transition to a remote workforce, there appears to be a real need for a shift in securing the digital premise in order to maintain, or even enhance, business continuity and success. AT&T Cybersecurity researchers have cited a “relationship between business success and a commitment to strong security”, reporting that 91% of companies that lag in cybersecurity miss revenue goals, while 57% of companies that lead in this increasingly critical area exceed revenue goals by over seven percent. 
Phishing is the predominant modern cyber threat, and is currently undermining the security and integrity of the upcoming presidential election. Tensions surrounding the 2020 presidential election are higher than ever - presenting cyber thieves with the perfect environment to launch dangerous, timely phishing attacks designed to steal sensitive credentials and large sums of money from victims.
It is no secret that 2020 has been a year of rapid transformation for businesses. Companies worldwide have been forced to quickly become more digital in the way that they operate, and many have transitioned to a largely remote workforce. Businesses have become increasingly reliant upon inherently insecure cloud platforms like Microsoft 365 and Google Workspace to fulfill their communication and collaboration needs. While these changes have introduced certain advantages in terms of efficiency and productivity, they have also brought on significant challenges - namely, effectively securing cloud email in this increasingly complex and dangerous threat environment.
Email risk is at an all-time high for businesses. Threat actors have taken note of the money to be made in this industry, and are devoting more time and resources than ever to crafting highly sophisticated and targeted attack campaigns. CEO fraud is at the forefront of the global email threat landscape, with attacks being reported in all 50 states and in 150 countries. Despite its name, this $26 billion scam is not only a concern for C-suite executives - finance, HR and IT employees and all members of a company’s executive team are also frequent targets in CEO fraud attacks.
The COVID-19 pandemic has forced us all to embrace a 'new normal'. Companies have had to adjust operations, and many workers have been asked to work from home - either over a corporate network or a network tied to a cloud-based system like Microsoft 365. While working remotely undoubtedly has its benefits in terms of safety, morale and decreased employee turnover, it has also brought on significant new challenges for businesses - one of the most serious being email security.
Email risk is big for small- and medium-sized businesses. Luckily, by understanding the threats you face and the measures you can take to defend yourself, you can make this risk significantly smaller.

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