Have you felt more secure from cyberattacks because you have a smaller business? Maybe you thought that you couldn’t possibly have anything that a hacker could want? Didn’t think they even knew about your small business.

Well, a new report by cybersecurity firm Barracuda Networks debunks this myth. Their report analyzed millions of emails across thousands of organizations. It found that small companies have a lot to worry about when it comes to their IT security.

Barracuda Networks found something alarming. Employees at small companies saw 350% more social engineering attacks than those at larger ones. It defines a small company as one with less than 100 employees. This puts small businesses at a higher risk of falling victim to a cyberattack. We’ll explore why below.

Why Are Smaller Companies Targeted More?

There are many reasons why hackers see small businesses as low-hanging fruit. And why they are becoming larger targets of hackers out to score a quick illicit buck.

Small Companies Tend to Spend Less on Cybersecurity

When you’re running a small business, it’s often a juggling act of where to prioritize your cash. You may know cybersecurity is important, but it may not be at the top of your list. So, at the end of the month, cash runs out, and it’s moved to the “next month” wish list of expenditures.

Small business leaders often don’t spend as much as they should on their IT security. They may buy an antivirus program and think that’s enough to cover them. But with the expansion of technology to the cloud, that’s just one small layer. You need several more for adequate security.

Hackers know all this and see small businesses as an easier target. They can do much less work to get a payout than they would, trying to hack into an enterprise corporation.

Every Business Has “Hack-Worthy” Resources

Every business, even a 1-person shop, has data that’s worth scoring for a hacker. Credit card numbers, SSNs, tax ID numbers, and email addresses are all valuable. Cybercriminals can sell these on the Dark Web. From there, other criminals use them for identity theft.

Here are some of the data that hackers will go after:

• Customer records
• Employee records
• Bank account information
• Emails and passwords
• Payment card details

Small Businesses Can Provide Entry Into Larger Ones

If a hacker can breach the network of a small business, they can often make a larger score. Many smaller companies provide services to larger companies. This can include digital marketing, website management, accounting, and more.

Vendors are often digitally connected to certain client systems. This type of relationship can enable a multi-company breach. While hackers don’t need that connection to hack you, it is a nice bonus. They can get two companies for the work of one.

Small Business Owners Are Often Unprepared for Ransomware

Ransomware has been one of the fastest-growing cyberattacks of the last decade. So far in 2022, over 71% of surveyed organizations experienced ransomware attacks.

The percentage of victims that pay the ransom to attackers has also been increasing. Now, an average of 63% of companies pay the attacker money in hopes of getting a key to decrypt the ransomware.

Even if a hacker can’t get as much ransom from a small business as they can from a larger organization, it’s worth it. They often can breach more small companies than they can larger ones.

When companies pay the ransom, it feeds the beast and more cyber criminals join in. And those newer to ransomware attacks will often go after smaller, easier-to-breach companies.

Employees at Smaller Companies Usually Aren’t Trained in Cybersecurity

Another thing is not usually high on the list of priorities for a small business owner. We’re talking about ongoing employee cybersecurity training. They may be doing all they can just to keep good staff. Plus, priorities are often sales and operations.

Training employees on how to spot phishing and password best practices often isn’t done. This leaves networks vulnerable to one of the biggest dangers, human error.

In most cyberattacks, the hacker needs help from a user. It’s like the vampire needing the unsuspecting victim to invite them inside. Phishing emails are the device used to get that unsuspecting cooperation.

Phishing causes over 80% of data breaches.

A phishing email sitting in an inbox can’t usually do anything. It needs the user to either open a file attachment or click a link that will take them to a malicious site. This then launches the attack.

Teaching employees how to spot these ploys can significantly increase your cybersecurity. Security awareness training is as important as having a strong firewall or antivirus.

Need Affordable IT Security Services for Your Small Business?

Reach out today to schedule a technology consultation. We offer affordable options for small companies. This includes many ways to keep you protected from cyber threats.

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This Article has been Republished with Permission from The Technology Press.

Phishing. It seems you can’t read an article on cybersecurity without it coming up. That’s because phishing is still the number one delivery vehicle for cyberattacks.

A cybercriminal may want to steal employee login credentials. Or wish to launch a ransomware attack for a payout. Or possibly plant spyware to steal sensitive info. Sending a phishing email can do them all

80% of surveyed security professionals say that phishing campaigns have significantly increased post-pandemic.

Phishing not only continues to work, but it’s also increasing in volume due to the move to remote teams. Many employees are now working from home. They don’t have the same network protections they had when working at the office.

Why has phishing continued to work so well after all these years? Aren’t people finally learning what phishing looks like?

It’s true that people are generally more aware of phishing emails and how to spot them than a decade ago. But it’s also true that these emails are becoming harder to spot as scammers evolve their tactics.

One of the newest tactics is particularly hard to detect. It is the reply-chain phishing attack.

What is a Reply-Chain Phishing Attack?

Just about everyone is familiar with reply chains in email. An email is copied to one or more people, one replies, and that reply sits at the bottom of the new message. Then another person chimes in on the conversation, replying to the same email.

Soon, you have a chain of email replies on a particular topic. It lists each reply one under the other so everyone can follow the conversation.

You don’t expect a phishing email tucked inside that ongoing email conversation. Most people are expecting phishing to come in as a new message, not a message included in an ongoing reply chain.

The reply-chain phishing attack is particularly insidious because it does exactly that. It inserts a convincing phishing email in the ongoing thread of an email reply chain.

How Does a Hacker Gain Access to the Reply Chain?

How does a hacker gain access to the reply chain conversation? By hacking the email account of one of those people copied on the email chain.

The hacker can email from an email address that the other recipients recognize and trust. They also gain the benefit of reading down through the chain of replies. This enables them to craft a response that looks like it fits.

For example, they may see that everyone has been weighing in on a new product idea for a product called Superbug. So, they send a reply that says, “I’ve drafted up some thoughts on the new Superbug product, here’s a link to see them.”

The link will go to a malicious phishing site. The site might infect a visitor’s system with malware or present a form to steal more login credentials.

The reply won’t seem like a phishing email at all. It will be convincing because:

• It comes from an email address of a colleague. This address has already been participating in the email conversation.
• It may sound natural and reference items in the discussion.
• It may use personalization. The email can call others by the names the hacker has seen in the reply chain.

Business Email Compromise is Increasing

Business email compromise (BEC) is so common that it now has its own acronym. Weak and unsecured passwords lead to email breaches. So do data breaches that reveal databases full of user logins. Both are contributors to how common BEC is becoming.

In 2021, 77% of organizations saw business email compromise attacks. This is up from 65% the year before.

Credential theft has become the main cause of data breaches globally. So, there is a pretty good chance of a compromise of one of your company’s email accounts at some point.

The reply-chain phishing attack is one of the ways that hackers turn that BEC into money. They either use it to plant ransomware or other malware or to steal sensitive data to sell on the Dark Web.

Tips for Addressing Reply-Chain Phishing

Here are some ways that you can lessen the risk of reply-chain phishing in your organization:

• Use a Business Password Manager:

This reduces the risk that employees will reuse passwords across many apps. It also keeps them from using weak passwords since they won’t need to remember them anymore.

• Put Multi-Factor Controls on Email Accounts:

Present a system challenge (question or required code). Using this for email logins from a strange IP address can stop account compromise.

• Teach Employees to be Aware:

Awareness is a big part of catching anything that might be slightly “off” in an email reply. Many attackers do make mistakes.

How Strong Are Your Email Account Protections?

Do you have enough protection in place on your business email accounts to prevent a breach? Let us know if you’d like some help! We have email security solutions that can keep you better protected.

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This Article has been Republished with Permission from The Technology Press.

There is a reason why phishing is usually at the top of the list for security awareness training. For the last decade or two, it has been the main delivery method for all types of attacks. Ransomware, credential theft, database breaches, and more launch via a phishing email.

Why has phishing remained such a large threat for so long? Because it continues to work. Scammers evolve their methods as technology progresses. They use AI-based tactics to make targeted phishing more efficient, for example.

If phishing didn’t continue working, then scammers would move on to another type of attack. But that hasn’t been the case. People continue to get tricked. They open malicious file attachments, click on dangerous links, and reveal passwords.

In May of 2021, phishing attacks increased by 281%. Then in June, they spiked another 284% higher.

Studies show that as soon as 6 months after training, phishing detection skills wane. Employees begin forgetting what they’ve learned, and cybersecurity suffers as a result.

Want to give employees a “hook” they can use for memory retention? Introduce the SLAM method of phishing identification.

What is the SLAM Method for Phishing Identification?

One of the mnemonic devices known to help people remember information is the use of an acronym. SLAM is an acronym for four key areas of an email message to check before trusting it.

These are:

S = Sender
L = Links
A = Attachments
M = Message text

By giving people the term “SLAM” to use, it’s quicker for them to check suspicious email. This device helps them avoid missing something important. All they need to do use the cues in the acronym.

Check the Sender

It’s important to check the sender of an email thoroughly. Often scammers will either spoof an email address or use a look-alike. People often mistake a spoofed address for the real thing.

In this phishing email below, the email address domain is “@emcom.bankofamerica.com.” The scammer is impersonating Bank of America. This is one way that scammers try to trick you, by putting the real company’s URL inside their fake one.

You can see that the email is very convincing. It has likely fooled many people into divulging their personal details. People applying for a credit card provide a Social Security Number, income, and more.

Doing a quick search on the email address, quickly reveals it to be a scam. And a trap used in both email and SMS phishing attacks.

It only takes a few seconds to type an email address into Google. This allows you to see if any scam warnings come up indicating a phishing email.

Hover Over Links Without Clicking

Hyperlinks are popular to use in emails. They can often get past antivirus/anti-malware filters. Those filters are looking for file attachments that contain malware. But a link to a malicious site doesn’t contain any dangerous code. Instead, it links to a site that does.

Links can be in the form of hyperlinked words, images, and buttons in an email. When on a computer, it’s important to hover over links without clicking on them to reveal the true URL. This often can immediately call out a fake email scam.

When looking at email on a mobile device, it can be trickier to see the URL without clicking on it. There is no mouse like there is with a PC. In this case, it’s best not to click the URL at all. Instead go to the purported site to check the validity of the message.

Never Open Unexpected or Strange File Attachments

File attachments are still widely used in phishing emails. Messages may have them attached, promising a large sale order. The recipient might see a familiar word document and open it without thinking.

It’s getting harder to know what file formats to avoid opening. Cybercriminals have become savvier about infecting all types of documents with malware. There have even been PDFs with malware embedded.

Never open strange or unexpected file attachments. Use an antivirus/anti-malware application to scan all attachments before opening.

Read the Message Carefully

We’ve gotten great at scanning through text as technology has progressed. It helps us quickly process a lot of incoming information each day. But if you rush through a phishing email, you can miss some telltale signs that it’s a fake.

Look at the phishing example posted above in the “Links” section. There is a small error in grammar in the second sentence. Did you spot it?

It says, “We confirmation that your item has shipped,” instead of “We confirm that your item has shipped.” These types of errors can be hard to spot but are a big red flag that the email is not legitimate.

Get Help Combatting Phishing Attacks

Both awareness training and security software can improve your defenses against phishing attacks. Contact us today to discuss your email security needs.

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This Article has been Republished with Permission from The Technology Press.

You’ve completed your annual phishing training. This includes teaching employees how to spot phishing emails. You’re feeling good about it. That is until about 5-6 months later. Your company suffers a costly ransomware infection due to a click on a phishing link.

You wonder why you seem to need to train on the same information every year. But you still suffer from security incidents. The problem is that you’re not training your employees often enough.

People can’t change behaviors if training isn’t reinforced. They can also easily forget what they’ve learned after several months go by.

So, how often is often enough to improve your team’s cybersecurity awareness? It turns out that training every four months is the “sweet spot.” This is when you see more consistent results in your IT security.

Why Is Cybersecurity Awareness Training Each 4-Months Recommended?

So, where does this four-month recommendation come from? There was a study presented at the USENIX SOUPS security conference recently. It looked at users’ ability to detect phishing emails versus training frequency. It looked at training on phishing awareness and IT security.

Employees took phishing identification tests at several different time increments:

• 4-months
• 6-months
• 8-months
• 10-months
• 12-months

The study found that four months after their training scores were good. Employees were still able to accurately identify and avoid clicking on phishing emails. But after 6-months, their scores started to get worse. Scores continued to decline the more months that passed after their initial training.

To keep employees well prepared, they need training and refreshers on security awareness. This will help them to act as a positive agent in your cybersecurity strategy.

Tips on What & How to Train Employees to Develop a Cybersecure Culture

The gold standard for security awareness training is to develop a cybersecure culture. This is one where everyone is cognizant of the need to protect sensitive data. As well as avoid phishing scams, and keep passwords secured.

This is not the case in most organizations, According to the 2021 Sophos Threat Report. One of the biggest threats to network security is a lack of good security practices.

The report states the following,

“A lack of attention to one or more aspects of basic security hygiene has been found to be at the root cause of many of the most damaging attacks we’ve investigated.”

Well-trained employees significantly reduce a company’s risk. They reduce the chance of falling victim to any number of different online attacks. To be well-trained doesn’t mean you have to conduct a long day of cybersecurity training. It’s better to mix up the delivery methods.

Here are some examples of engaging ways to train employees on cybersecurity. You can include these in your training plan:

• Self-service videos that get emailed once per month
• Team-based roundtable discussions
• Security “Tip of the Week” in company newsletters or messaging channels
• Training session given by an IT professional
• Simulated phishing tests
• Cybersecurity posters
• Celebrate Cybersecurity Awareness Month in October

When conducting training, phishing is a big topic to cover, but it’s not the only one. Here are some important topics that you want to include in your mix of awareness training.

Phishing by Email, Text & Social Media

Email phishing is still the most prevalent form. But SMS phishing (“smishing”) and phishing over social media are both growing. Employees must know what these look like, so they can avoid falling for these sinister scams.

Credential & Password Security

Many businesses have moved most of their data and processes to cloud-based platforms. This has led to a steep increase in credential theft because it’s the easiest way to breach SaaS cloud tools.

Credential theft is now the #1 cause of data breaches globally. This makes it a topic that is critical to address with your team. Discuss the need to keep passwords secure and the use of strong passwords. Also, help them learn tools like a business password manager.

Mobile Device Security

Mobile devices are now used for a large part of the workload in a typical office. They’re handy for reading and replying to an email from anywhere. Most companies will not even consider using software these days if it doesn’t have a great mobile app.

Review security needs for employee devices that access business data and apps. Such as securing the phone with a passcode and keeping it properly updated.

Data Security

Data privacy regulations are something else that has been rising over the years. Most companies have more than one data privacy regulation requiring compliance.

Train employees on proper data handling and security procedures. This reduces the risk you’ll fall victim to a data leak or breach that can end up in a costly compliance penalty.

Need Help Keeping Your Team Trained on Cybersecurity?

Take training off your plate and train your team with cybersecurity professionals. We can help you with an engaging training program. One that helps your team change their behaviors to improve cyber hygiene.

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This Article has been Republished with Permission from The Technology Press.