The pandemic forced businesses to adopt different working practices. Rather than having employees working from the office, restrictions introduced to combat COVID-19 meant businesses had to allow their employees to work from home. Protecting business networks when virtually all workers are accessing those networks remotely was a major challenge and it was inevitable that vulnerabilities would be introduced that could potentially be exploited by threat actors.
Those vulnerabilities were exploited, with cybercriminals and APT groups targeting at-home workers mostly by exploiting vulnerabilities in remote access systems and through phishing attacks to obtain credentials to allow networks to be accessed. While these attacks had many different goals, one of the most common was to encrypt files using ransomware to prevent them from being accessed, usually with data theft prior to file encryption.
According to Osterman Research, the three main priorities for cybersecurity in 2021 are protecting endpoints, educating users about ransomware and stopping them becoming victims of attacks, and protecting backups from ransomware. The fact that two of the three main priorities are related to ransomware show just how serious the threat has become.
Protecting endpoints requires a combination of cybersecurity solutions, one of the most important being an advanced email security solution. Email is the attack vector of choice in cyberattacks and is commonly the initial attack vector in ransomware attacks. Phishing campaigns are easy to conduct and they target the weakest link in cybersecurity – employees. Further, with many employees working from home, phishing has become even easier. Studies have shown at-home employees have been taking security shortcuts, with many also admitting to clicking links in phishing emails and opening potentially malicious email attachments. When errors such as this are made, many employees fail to report the matter to their IT department out of fear of reprisals.
Cybersecurity training is important to teach and reinforce cyber hygiene best practices and raise awareness of the threat from ransomware. If employees are not taught how to identify phishing emails and ransomware, they cannot be expected to avoid those threats. With training, susceptibility to phishing can be greatly reduced. However, even with training employees will make mistakes and will fail to recognize every threat.
A recent study conducted by Osterman Research and TitanHQ looked into the main cybersecurity threats faced by security professionals in 2021. The biggest threats were found to be business email compromise (BEC) attacks that tricked employees, phishing messages that result in malware infections, and phishing messages that result in account compromises. The latter is usually the first step in a BEC attack. 85% of interviewed organizations said they had experienced at least one security incident in the past 12 months, and while security professionals were aware of the dangers of phishing and ransomware attacks, only 37% rated their defenses as highly effective.
Due to the lack of confidence in defenses against phishing and ransomware attacks identified by the study, TitanHQ and Osterman Research are hosting a webinar in which attendees will discover the most effective mitigations against phishing and ransomware attacks and will learn best practices they need to adopt to avoid those threats.
Webinar attendees will also learn about the full findings of the in-depth cybersecurity study into the rising threat from phishing and ransomware and how risk can be reduced to a low and acceptable level.
The webinar will be taking place on June 30, 2021:
How to Reduce the Risk of Phishing and Ransomware Attacks
Wednesday, June 30, 2021
- 7:00 p.m. to 8:00 p.m. BST
- 2:00 p.m. to 3:00 p.m. EST
- 11:00 a.m. to 12:00 p.m. PST
The webinar will be conducted by Michael Sampson, Senior Analyst at Osterman Research and Sean Morris, Chief Technology Officer at TitanHQ.