Guardian Digital Blog - Page No: 8

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Email threats such as ransomware are becoming increasingly prevalent, costly, and damaging for businesses. Many organizations, especially SMBs that often experience a shortage of cybersecurity resources and expertise and lack a full-time IT department, cannot afford to mount an in-house team capable of defending against the modern cybersecurity risks they face. This lack of adequate management leaves them vulnerable to damaging, costly attacks that frequently result in data theft, financial loss, lasting reputational harm, significant downtime, or worse - permanent business closure. This is why Osterman Research reports that half of organizations have turned to managed security services, while another 20% say they hope to in the future. 
Ransomware is one of the biggest cyber threats that all organizations face today. The infamous attacks on SolarWinds and the Colonial Pipeline serve as high-profile examples of state-sponsored threat actors waging increasingly sophisticated cyber-warfare. With the current conflict in Ukraine, experts predict that Russia will target U.S. financial systems and the nation’s critical infrastructure with ransomware to put pressure on the U.S. to relent on sanctions.
UPDATE: On April 20, 2022, CISA reported that the cybersecurity authorities of the United States, Australia, Canada, New Zealand, and the United Kingdom have released a joint Cybersecurity Advisory (CSA) to warn organizations that Russia’s invasion of Ukraine could expose organizations both within and beyond the region to increased malicious cyber activity from Russian state-sponsored cyber actors or Russian-aligned cybercrime groups.
In this modern mobile era of heightened digital risk, effective email security defenses are of critical importance to the security and success of your business. Over 90% of modern cyberattacks begin with a phishing email, and threats like targeted spear phishing, fileless malware, and zero-day attacks are becoming increasingly sophisticated, and difficult to detect. A successful cyberattack can carry great costs for victims including data theft, significant, costly downtime, financial loss, and severe, lasting reputation damage. Securing business email in 2022 and beyond requires a defense-in-depth strategy that includes multiple layers of proactive technology customized to meet businesses’ individual security needs, and expert ongoing system monitoring, maintenance, and support. 
Gartner Research Confirms Default Email Security Is Insufficient to Combat Business Email Compromise (BEC) - Guardian Digital
Business email compromise (BEC) is a simple yet lethal attack that can have devastating effects on any business. BEC has become a favorite among cybercriminals, as these scams are simple and effective. By spoofing a trusted user, BEC requires no malware or malicious URL to convince a recipient to share valuable information or transfer significant amounts of money into the hands of the attacker.
The recent Covid-19 pandemic affected many different industries. The lockdown caused many business networks to expand rapidly as more employees worked from home. This also accelerated digital transformation for many companies. While most IT departments can quickly make this transition, these changes exposed more businesses to cyber threats. So, how can businesses improve their cybersecurity to stay protected from these threats?

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