Cyber-attacks are becoming an increasing concern for Australian businesses. Over the past 12 months, cyber-attacks have increased by 700% and cost Australian businesses $7.8 Billion.(1)
Cybersecurity is essentially the systems and processes implemented to prevent successful hacking attacks.
Our ready to go, no fuss Cybersecurity Management System (CSMS) has been created specifically for small to medium size Australian businesses, providing enterprise-level protection – without the enterprise-level cost. This involves implementing a combination of both system solutions and processes to ensure companies have the maximum protection required for their individual needs.
Find out now how to protect one of your most precious assets: your data.
Our CSMS acts like a shield for your business, protecting you, your employees and your clients from hacking attempts. Unfortunately, there are currently no methods to stop hackers from attempting to attack your business. However, a strong CSMS will block hackers from achieving their goals – even when they attempt to hack a system, or an employee makes an innocent mistake.
There are many techniques hackers use to attempt an attack on a business. Below are the more common attacks experienced by Australian businesses:
1. Taking advantage of innocent employees: hackers know many employees may not think twice when opening an email from a trusted source, viewing a known website or logging into a business cloud-based app. Therefore, hackers will often attempt to deceive employees and infiltrate ‘routine business actions’ to gain access to business data.
2. Internal knowhow from malicious employee: unfortunately, disgruntled employees sometime purposefully attempt to hack into a company system from the inside.
3. Sending spam/scam/phishing emails: these emails aim to trick the user into either divulging passwords and logins, make the user click on a dangerous link which may download a virus or malware, or convince the user to make a fake payment to a fraudulent account. The coronavirus pandemic has resulted in a huge spike in thiese types of emails, read more about COVID-19 scams here.
4. Stealing/guessing passwords: majority of people use the same passwords for multiple logins, meaning hacking bots can easily guess and steal passwords. This enables the hacker to access a business computer systems from the employees password/account.
5. Creating fake/malicious websites: there has been a recent increase in malicious websites stating to provide information about coronavirus and then convincing the user to click on a dangerous link which then downloads a virus or malware. Read more about COVID-19 scams here.
6. Gaining access to cloud-based business platforms: most cloud-based programs offer high security, however it only takes one vulnerable computer system, or out-dated app, to allow a hacker to access the company system. If a hacker can reach the backend of cloud-based programs, they can access data and change passwords.
7. Hacking employees using remote access: working remotely increases the chance of remote access hacks (aka Remote Desktop Protocol (RDP) attacks). This means hackers set themselves up as an ‘administrator’ on the remote network. This gives the hacker access to every activity being undertaken on that computer, including passwords and files.
8. Hacking your IT provider or a 3rd party business: hackers predominantly attack businesses where they can achieve the largest impact and thus demand the greatest ransom. This is why they target companies such as IT providers as they can then also reach a large range of affiliated businesses.
Hackers use these techniques to implant malware/viruses onto the business network and/or gain access to businesses data. This results in direct and indirect consequences for businesses.
The primary goal of cyber-attacks on small to medium businesses is for the hacker to extort money from the business owner. There are a plethora of actions a hacker can undertake once they gain access to a business’s data. Below are the top five direct impacts businesses experience from a cyber-attack:
1. Data Theft: hackers access systems and steal confidential files – including client information. This information can be then on-sold to external buyers, ransomed back to the company or the hackers use the information to commit further attacks on a company’s clients and contacts.
2. Payment Fraud: criminals access bank account passwords or credit card details and steal money from the business and/or employees. Alternatively, hackers may trick the business into paying fake bills into false accounts.
3. Data Corruptions: when viruses and/or malware are downloaded onto a computer, they can corrupt files making them unusable. Hackers then ransom the data back to the business or utilise the corrupt files to spread the infection to other external networks such as customers and contacts.
4. ID Theft: unfortunately, criminals also can target individual employees and steal their ID’s to gain access to their personal details. This can lead to individual extortion, stealing of employee’s social media profiles (including catfishing) and gaining access to employees finnances.
5. Ransomware/Blackmail: one of the most brutal consequesnces a business can experience is a Ransomware Attack. This is where hackers encrypt business data and demand a ransom fee to return and not disclose the data. Having no access to files means the company cannot undertake any operational output on computers until the attack is resolved. This form of blackmail can result in businesses losing vast sums of money, or alternatively being shut down.
Our cybersecurity products are aligned to the Australian Government’s ACSC Essential 8 strategies to mitigate cyber-attacks. As part of our cybersecurity service, we install all required cybersecurity software to your computer systems, build tailored security options to ensure maximum security for your firm and industry and, we offer employee training to decrease your overall attack risk. This complete approach ensures your business is as protected as it can be.
Whilst general anti-virus systems may catch and remove known viruses, it is worth noting that viruses are only one of many potential cyber-attack threats. Further, there are approximately 1 million new computer viruses and/or malicious code creations every day. (2)
Next-Generation Antivirus systems can dramatically improve protection from viruses and are a beneficial first point of defence against cyber-attacks. However, cyber-attacks are becoming increasingly complex; often convincing innocent employees to download malicious virus-infected software directly to the company’s systems.
Therefore, as attacks become more sophisticated, so does the need for heightened cybersecurity.
A CSMS uses a range of mitigation strategies to protect a business’s networks and systems from a vast range of cyber-attack threats as well as human errors. Our CSMS involves a combination of system solutions as well as processes to ensure companies have the maximum protection required for their individual needs.
Further, our data recovery technology can ensure that even if something does go wrong (via malware or human error) you can recover what you need to run your business. Find out more about how we protect our clients by viewing our Cybersecurity Management Systems.
Get in touch with our friendly team, we can provide you with all of the information you need to make the best decision for your business.Contact Us