How to Prevent Social Engineering Attacks
From phishing to scareware, social engineering attacks wear many hats. Find out more about how to identify key indicators with our latest infographic.
DownloadTo meet employee needs and retain top talent, many companies are planning to maintain hybrid workforce models for the long-term. While attracting and retaining talent is one benefit, organizations also found that hybrid workforce models save money and increase employee productivity. At the same time, the rise in ransomware attacks makes hybrid workforce a data breach risk. In order to maintain a robust security posture, organizations need a way to mitigate ransomware attacks facing their hybrid workforces.
Moving between home offices and in-person locations means changing how employees connect to corporate networks. In doing so, this creates endpoint security risks that will continue as people combine work-from-anywhere and corporate office connectivity.
When employees connect their devices to public wireless networks, they put their devices at risk. Although they may be using some security tools, like anti-virus, to protect their device, cybercriminals often write malware intended to evade detection. When employees connect to the corporate network - whether remotely or on location - those devices can bring the ransomware with them.
With employees in and out of the office, spear phishing attacks are often more successful. Email becomes a primary mode of communication. If employees click on attachments or links in emails that appear to come from company leadership or a credible source, it creates an attack vector, exposing the company to harmful viruses or malware.
From phishing to scareware, social engineering attacks wear many hats. Find out more about how to identify key indicators with our latest infographic.
DownloadRelated to the public wireless network issue is the lack of a traditional security perimeter. Access becomes more important than ever since companies no longer have the ability to protect networks using only firewalls. As ransomware attacks now include data exfiltration, managing the security perimeter and preventing lateral movement is more difficult for hybrid IT and security teams.
The rise in ransomware attacks over the last year is disrupting the cybersecurity insurance business. It’s not just the ransoms driving up the costs of claims. It’s also the business interruption costs. Let’s take a closer look:
Business interruption arising from a ransomware attack may be a few hours or a few days. For example, the Colonial Pipeline attack led to a week-long fuel shortage across the east coast in mid-2021. On the other hand, attacks against the enterprise may be a few hours or days.
However, the few days or hours of downtime may still lead to large business losses. The longer an organization’s data is encrypted, the longer it takes to get back to business.
Backup and recovery also reduce the time it takes to fully recover from a ransomware attack. Organizations with robust data backup and recovery are more likely to resume business as usual, reducing the business interruption costs.
However, in order to put a data recovery process in place, companies need a backup solution that works across multiple types of devices, including user devices and servers.
Equally important, they need backup services that enable them to have real-time or near real-time backups. As companies use the cloud to engage in business operations, data changes nearly every second, especially across hybrid workforces. This means that in the event of a ransomware attack, having a data backup from the previous day can lead to significant losses.
Cybercriminals will continue to target hybrid workforces because they are difficult to secure. However, it’s important to remain vigilant. Here are the top 3 ways to mitigate ransomware threats for the hybrid workforce:
Managing and securing endpoints is challenging, especially when employees can work anywhere and want to use their own devices. At a minimum, organizations should put in place anti-virus protections that regularly scan devices using Artificial Intelligence (AI) and Machine Learning (ML) to help predict new malware variants. Taking proactive endpoint security actions can help mitigate risk by reducing the likelihood that a ransomware attack will be successful.
EDR tools detect and investigate suspicious behavior across hosts and endpoints, actively responding to advanced malware and cyberattacks. They provide visibility into the scope and impact of incidents, including attacks that may have previously gone undetected. With EDR, organizations respond more rapidly to potential incidents, reducing the likelihood that the attack can spread to other networks and systems.
When deploying EDR, organizations should make sure that their solution includes:
Ransomware attacks encrypt data across devices, leading to costly business interruption. Robust endpoint backup should be part of a company’s business continuity and disaster recovery planning.
For most organizations, endpoint backup can be challenging. Many organizations establish their own backup processes using external hard drives or servers stored offsite. However, when a ransomware attack occurs, these may be impacted by the attack.
Best data backup practices traditionally include:
To mitigate the ransomware risks that a hybrid workforce creates, organizations need to make sure that their “offsite” backup is cloud-based. They may not be able to bring everyone to an off-site physical location easily, and cloud-based data backups can sync across devices no matter where a user is located.
With SoftwareONE’s Managed Cloud, customers can use our managed backup services to help mitigate business interruption caused by ransomware attacks. We provide a single view into all data, no matter where the organization stores it to improve visibility.
With our solution BackupSimple powered by Metallic, customers gain complete control of their backup and recovery environment. This ensures comprehensive and streamlined data recovery by centralizing all backup needs across Microsoft Azure and AWS through to Microsoft 365. Consolidating backup solutions lowers operational costs by reducing effort, especially across increasingly complex public cloud and hybrid environments.
We also provide backup experts in our support center, giving customers the advisory services they need to recover rapidly. Our experts suggest corrective actions and prioritize implementation of agents to streamline recovery.
Absolutely no one is immune from ransomware attacks, and everyone must learn how to protect against it. Download SoftwareONE’s latest infographic to find out how your organization can take the right precautions.
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