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Are You Protecting Your Business from These New Cyber-threats

By mjackson
image of cryptojacking

As technology continues to advance in the workplace, it has become even more critical to ensure proper cyber-security measures within your organisation. And one of the best ways to ensure robust cyber-risk management practices is by staying updated on the latest cyber-threats.

In the recently released European Union Agency for Network and Information Security (ENISA) Threat Landscape Report 2018, ENISA identified Europe’s top 15 cyber-security threats from the past 12 months. While the top four threats remained identical to previous years (eg malware, web-based attacks, web-application attacks and phishing), the report discovered a rise in two relatively new cyber-threats—cryptojacking and denial of service (DoS) botnets.

Don’t let these evolving concerns cause disaster within your business—use this guide for an overview of the new threats and best practices to reduce your risk:

Cryptojacking—This threat takes place when cyber-criminals hijack the victim’s computer power via an internet browser or email to mine cryptocurrencies (eg Bitcoin or Monero) without consent from the victim. Cryptojacking is a serious concern, as it can cause a significant financial loss in seconds. Consider these tips to protect your business:

  • Keep your internet browsers secure by installing ad-blocking and anti-cryptomining extensions.
  • Prevent email hacking by reminding staff members to never click on suspicious websites or links in their emails.

DoS botnets—While normal botnets can be beneficial, malicious botnets hack into your device and trick you into downloading software that allows the botnet’s owner to gain full control of your device. From there, the botnet owner can execute a DoS attack to shut down your organisation’s website or email spam to millions of internet users. Use this advice to avoid botnet issues:

  • Never download attachments or software without confirming its validity.
  • Routinely update your devices’ operating systems. In addition, be sure to implement hacking safeguards such as firewall and anti-malware software.

As cyber-threats continue to evolve, so do your insurance needs.

You can ensure ultimate peace of mind against data breaches with robust cyber-cover. For more information and insurance solutions, contact LI Insurance Services today.