With the advancement of technology over time, new types of cybersecurity threats emerge for consumers and businesses to worry about. Lately, deepfake cybersecurity breaches have become more common. According to Tech Beacon, deepfakes are defined as “synthetic media in which a person in a video or audio is replaced with someone else’s likeness or voice.” This type of threat can ruin businesses quickly due to how convincing the synthetic media are.
Due to the advancement of artificial intelligence (AI) and machine learning, cyberhackers and criminals can create false audio and images pretending to be you or another coworker. Hackers are so precise, they can perform flawless impersonations. The frustrating part of the process is that if you don’t know this is a false video call or audio, hackers can easily obtain the information they need. Once financial details or unreleased company information falls into the wrong hands, it can be disastrous.
Experts found that deepfake hacking methods have increased by 84% between December 2018 and October 2019. Research estimates $250 million in losses, as a result of deepfake hacking for the 2020 fiscal year.
Why It’s Popular Among Hackers
Businesses still struggle with high-level email phishing scams, making deepfakes harder to prevent. Due to the lack of knowledge surrounding this threat, deepfakes are becoming a new favorite method for cybercriminals who have the time and patience to implement this method. Deepfake hackers attack businesses in these ways:
Impersonating clients or suppliers asking for payments
Pretending to be supervisors and business owners, asking for fund transfers or sensitive information
Using fake blackmail audio and videos for extortion
Presenting fake pictures, videos, and audio files on social media to create slander campaigns
The first step in preventing deepfake attacks is to be aware it is a method of cybersecurity destruction. Once you are informed, the next question is how you can protect your business. There are a few available solutions, like Deeptrace or Cogito. These software programs can be expensive for small- and medium-sized businesses. For those on a limited budget, here are some things to consider executing immediately:
Educate staff members about deepfakes, reporting odd situations before proceeding with any actions asked
Add two-step verification to your system for emails, phone calls, and video sessions, ensuring none provided over these communication methods are used over existing ones
Strengthen security measures for cybersecurity, adding systems if you currently have none or looking into upgrades for your current system
Add additional steps for fund transfer verification — this helps ensure the transfer is supposed to occur and can save your business thousands of dollars, if not.
Taking action now is the best thing you can do for your business. Employees and business owners should also periodically check in on the issue to see if better methods of protection are discovered.
As new threats arise, you must be proactive! At WesTec Services, our IT professionals want to help you safeguard your business and its assets. If you’re unsure how to get started, contact us today.
As we make new advancements in internet technology, hackers are getting smarter! Therefore, it is crucial that you stay informed on emerging cybersecurity threats. WesTec Services has compiled a list of cybersecurity threats to be aware of:
As remote work has become more popular and necessary as a result of COVID-19, cloud jacking has become more prevalent. Cloud jacking occurs when a hacker gains access to your cloud server. Often, hackers will hijack cloud accounts to steal identities and conduct unauthorized or illegal activities. Cloud jacking should not be taken lightly, especially if you store sensitive, confidential information on your cloud server.
In the past, centralized security measures were enough to protect a network from security breaches. However, the introduction of mobile phones and laptops posed new security threats — and brought awareness to security vulnerabilities (or “endpoints”). Using encryption, endpoint security seals any vulnerabilities in a network’s connection. This additional layer of security protects against threats if an infected device connects to the network. However, with the rise of remote work, we are seeing an increase in endpoint interception, as many are using mobile devices and laptops on networks that are not secure.
Phishing is still alive and well in 2020! Hackers are now targeting small businesses with spam emails. These emails will appear to be from companies that sell a product or service that may be of interest to small businesses — and of course, upon the user clicking a link or downloading a file, their computer has been infected. Furthermore, some emails will provide a link that prompts the user to enter their log-in credentials for a familiar website, while even displaying a reCaptcha security pop-up to appear more credible and secure.
It is important to use the internet with care. Cybersecurity threats can cause a variety of issues for your business, ranging from system failure to productivity loss. At WesTec Services, we believe there is power in educating yourself. As a business owner, you should familiarize yourself with potential threats and educate your employees on internet safety. Have questions about cybersecurity? Contact us today!
For businesses, security threats of any kind can disrupt productivity and ultimately result in costly repairs or damage control. Video surveillance (CCTV) offers many benefits for businesses, including theft deterrence and employee safety. Here are a few reasons you should consider investing in video surveillance technology:
Installing CCTV technology internally and/or externally will allow you to monitor who comes and goes on a day-to-day basis – this includes guests, vendors, contract workers, and even employees. Additionally, if there is ever internal conflict that requires investigation, video surveillance allows for easy reference with timestamps.
According to Cornell University, the use of video surveillance has shown a 51% decrease in crimes committed in parking lots. Installing visible security cameras will establish a presence of security and deter crime, as criminals will want to avoid high-security facilities. Visible CCTV sends a message: “stay away!”Though CCTV technology decreases your chances of security threats, it cannot guarantee you will never fall victim to theft or other crimes. However, if an incident does occur, you have video evidence for insurance and the police.
Video surveillance also allows you to monitor the safety conditions of your employees and overall workflow and productivity. If an accident occurs on the job, you may verify the incident and eyewitness accounts with CCTV records. If an employee is injured on the job and files for worker’s compensation, these records will benefit you when filing a claim. Having video surveillance technology for the purpose of employee safety may also lower your insurance costs.At WesTec Services, we believe it is always safer to implement preventative measures and solutions before there’s a need for them; after all, prevention is key to maintaining productivity and cash flow. Interested in learning more about how video surveillance may protect your valuable assets? Contact us today!
Experts estimate that the global market for cybersecurity products this year will exceed that of last year. At first glance, an increase in spending seems necessary and shows that businesses are becoming more aware of cybersecurity issues. But a closer look may prove otherwise. Learn why your company could be investing on cybersecurity products the wrong way.
Uncover threats and vulnerabilities
Every business should evaluate the current state of its cybersecurity by running a risk assessment. Doing so is one of the easiest ways to identify, correct, and prevent security threats. After discovering potential issues, you should rate them based on probability of occurrence and potential impacts to your business.
Keep in mind that risk assessments are specific to every business and there is no one-size-fits-all approach for small business technology. It all depends on your line of business and operating environment. For instance, manufacturing companies and insurance groups have totally different applications to secure.
After tagging and ranking potential threats, you should identify which vulnerabilities need immediate attention and which ones can be addressed further down the line. For example, a web server running an unpatched operating system is probably a higher priority than a front desk computer that’s running a little slower than normal.
Tailor controls to risks
Instead of spending time and money evenly on all systems, it’s best that you focus on areas with high risk. You should address these issues immediately after an assessment, but also put plans in place to evaluate their risk profiles more often.
Assess existing products
Chances are, your organization has already spent a great deal of money on security products and their maintenance and support. By conducting risk assessments more often, you can improve the strategies you already have in place and uncover wasteful spending. You may discover that one outdated system merely needs to be upgraded and another needs to be ditched. Remember, your existing products were purchased to meet specific needs that may have changed immensely or disappeared altogether.
It’s much harder to overcome cybersecurity obstacles if you’re not regularly evaluating your IT infrastructure. Contact our experts for help conducting a comprehensive assessment today!
Published with permission from TechAdvisory.org. Source.
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