Surprisingly, Deepfake Technology, which was once used for fun, has now enabled phishing attacks. Rick McRoy detected a deep fake-based voice call that caused a CEO to transfer a sum amount of $35 Million.
Further, AI-powered cyberattacks also pose a serious security risk. Existing cybersecurity tools are not enough to counter this cyber weaponry.
In the wake of such incidents, the need for advanced cybersecurity tools is growing important.
2. The increased reliance on digital technology results in an increased dependence
on cybersecurity. This increased reliance also results in increased cybersecurity
threats. IBM estimates the average cost of a data breach at $3.8 Million in 2022.
Not all businesses can afford to pay such a huge amount.
We have compiled some well-tested procedures that can help you strengthen
your cybersecurity and ride the digital wave.
Introduction
3. TABLE OF CONTENTS
1. Understanding the New Age Threats of
Cybersecurity
2. Vulnerability Assessment Checkpoints
5. Evaluating Endpoint and Device
Security
3. Identifying Critical Assets and Sensitive
Data of Cybersecurity
4. Assessing Network Vulnerabilities
6. Assessing User Awareness and Training for IT
security
7. Reviewing Third-Party and External Security
Risks
10. Conclusion
8 .Implementing and Testing Disaster Recovery and
Business Continuity Plans
9. Staying Up-to-Date with Cybersecurity Best
Practices
5. The new age of cyber threats is not limited to data breaches and ransomware
attacks. They have become much more advanced with AI-based security
analysis, crypto-jacking, facial recognition, and voice cloning via deep fake, IoT
compromise, and cloud-based DDoS attacks.
Cloudflare recently stopped a DDoS attack that used a network of 5000 bots.
The attack took place on a crypto platform. Further, large volume DDoS attacks
increased by 81% in 2022 as compared to 2021.
7. Metaorange Digital provides top-notch cybersecurity solutions to protect clients
against cyber threats. Our team of certified experts leverages resource
optimization strategies and helps implement automated tools and security
protocols to enhance the effectiveness of security measures. With a focus on
maximizing your budget, we work tirelessly to ensure that your business is
secure against emerging threats at all times.
9. Critical assets like CRM, Invoicing software, Financial Data, Client Information, etc.,
must be backed up in a multi-cloud environment. Multicloud and multi-location
storage can help reduce vulnerabilities. Further, a greater budget can be allocated for
safeguarding more sensitive resources.
11. A thorough assessment of network security to identify weak points is necessary. The
effectiveness of existing security protocols is also gauged. Further, a proper plan is
outlined to counter any security breaches and restore system functionality.
13. Network endpoints are the most vulnerable points for breaches and exploits. Layman
users often use laptops, mobiles, and other devices without any security software. Such
users unintentionally become carriers for different types of viruses, malware, and
spyware.
Businesses based on the B2C model must provide tools and resources for securing
endpoints.
15. User awareness and training are perhaps the greatest security factors in any
organization. According to IBM, human error accounts for over 95% of security
incidents. With the average cost of cybersecurity incidents being $4 Million, it
becomes increasingly necessary to have competent staff. Training, demonstrations,
workshops, etc., can help prepare staff to deal quickly with incidents and restore
systems
17. Third parties also provide a significant threat to your security. In 2013, Target, one of
the biggest retailers in the USA, suffered a data breach that was caused by a failure in
due diligence from a third-party vendor. Hackers could access vendors’ credentials and
steal the personal data of 40 Million customers.
To avoid such incidents, businesses can arrange awareness meetings with stakeholders,
suppliers, and even their staff to discuss protocols and demonstrate best practices.
19. Disaster Recovery plans are critical because they help your business get back online
after security incidents. Loss of data also means loss of trust. Further, they also
handicap your relations with existing clients and customers.
However, these plans are only effective as long as they are tested and implemented.
According to a Spiceworks study, about 95% of companies have disaster recovery
plans, but about 25% of them never test their strategies.
Untested strategies often prove disastrous in the most critical times.
21. Keeping up with trends through online publications, blogs, workshops, and seminars is
essential. Not all of them would be equally beneficial, but a few of them will benefit
you beyond expectations.
Metaorange blogs help you stay abreast with the latest trends, ideas, and best practices
for helping you run your business smoothly. Further, each of our blogs extracts the best
information from the internet and only shows you highly relevant information.
23. Cybersecurity threats have evolved. Tools and security infrastructure of the past are
barely enough to secure systems from new-generation threats like AI-based cyber
attacks, crypto-jacking, facial and voice cloning via deep fake, IoT compromise, and
cloud-based DDoS attacks.
However, there are multiple methods of security in these systems such as endpoint
security, securing third-party contact points, backing up critical assets, disaster
recovery plans, and a lot more.
24. THANKS
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https://metaorangedigital.com/
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