460 Million Records Reported Stolen in May
A tally of May cybersecurity instances found that 460 million records were compromised last month, marking another staggering total in an already-historic year for cybersecurity. However, the sum only represents the beginning of the problem, as many data breaches are going unreported as companies fear regulatory repercussions and customer blowback. In addition, many data breaches also expose reams of sensitive personal data, making it difficult to quantify the full scope of the problem.
Find out how records sold on the Dark Web can endanger your data in unexpected ways.
For businesses, this information has two prominent implications. First, there is a growing need to identify compromised data on the Dark Web. As more records are stolen and distributed in the dark corners of the internet, companies need eyes and ears to know if their information is among the mountain of stolen data.
What’s more, the sheer number of compromised records makes it more important than ever for organizations to put additional barriers between their IT infrastructure and bad actors. If your staffer is reusing a password from a compromised retail account or using their pet’s name to log in, that can put you at risk for a breach by making it easy for cybercriminals to find a way into your systems.
Our Dark Web Scan can help keep accounts secure by alerting you when your staff’s compromised information hits the Dark Web. This cost-effective solution gives you peace of mind and gives you an opportunity to mitigate threats (like your staffer’s compromised login credentials) before they become disasters.
Data is the lifeblood of every business. Unfortunately, the risks and threats to the protection, privacy and usability of that data are endless. Follow the 3-2-1 method for backups; a minimum of three unique copies of your data, two available locally and one off-site or in the cloud. Make sure to test your backups often for functionality and integrity.
DON’T NEGLECT COMPLIANCE
Maintaining regulatory compliance is mandatory for many organizations. While navigating and satisfying the obligations can be complicated and stressful, achieving compliance is a critical component of having a cyber ready business. Security and privacy are integral elements of compliance.
CONTINUOUS NETWORK INTELLIGENCE
Knowledge is power. A critical component of cyber readiness is having on-demand insight of anomalous activities, suspicious changes, potentially harmful misconfigurations or any other malicious activities occurring internally on your network. Promptly detect and remove threats before they cause damage.
Security Awareness Training
Users are the weakest link in security, given a lack of education and experience. Instituting a security awareness training program for every member of your staff will significantly reduce the probability of user-related errors and exposures.
Combat the Password Crisis
With over 80% of hacking-related breaches linked to weak, reused or stolen passwords, user credentials are emerging as the top vulnerability for businesses. Balance convenience and security by monitoring the dark web for exposed credentials, implementing multi-factor authentication, and streamlining control of password management.
Don’t Skip the Insurance
Increasing risks and threats of data breaches and ransomware, regardless of size or industry, have prompted many businesses to adopt Cyber Risk Insurance to protect themselves from catastrophic loss. Investing in a cyber insurance policy could save your business should you be the next victim.
Reduce Supply Chain Vulnerabilities
Nearly two-thirds of firms (65%) have experienced cyber-related issues in their supply chain in the past year. As a part of your cyber readiness plan, you must deploy protocols to evaluate and monitor the security of your supplier networks and third-party vendors.
Deploy a Multi-Layer Security Strategy
Security is asymmetrical. Where businesses must plan, prepare and defend against every threat or scenario, cybercriminals only need to find a single weakness or hole in your defenses to carry out their malicious plans. Protect your data and your business by deploying multiple security strategies together as one.