Businesses that permitted their employees to work from home during the pandemic faced challenges giving their workers to access internal networks remotely while maintaining security. Cybercriminals took advantage of vulnerabilities that were introduced and readily exploited weaknesses. Attacks on businesses increased and remote employees were the natural target. Throughout the pandemic, phishing and ransomware attacks were rife, with many businesses falling victim to attacks.
Now that restrictions have been eased, businesses have been able to open their offices once again, but many have now adopted a hybrid working model where employees continue to work from home at least some of the week. Businesses that have adopted this model need to now focus on cybersecurity strategies to combat phishing and ransomware attacks targeting their home workers.
A recent Osterman Research/TitanHQ survey of cybersecurity professionals revealed the challenges they faced during the pandemic and the extent to which their businesses were attacked. 85% of the 130 security professionals surveyed said they had experienced at least 1 security incident in the past 12 months, with phishing and ransomware perceived to be the biggest threats.
Even though IT professionals are well aware of the seriousness of the threat from phishing and ransomware attacks, only 37% of organizations surveyed rated their defenses as highly effective at combatting these threats. Security budgets had increased by an average of 28% from 2020 to 2021, yet defenses were still not up to the job.
When asked about the biggest threats their organization faced, the top three threats were email related. The biggest threat was business email compromise (BEC) attacks that trick low-level employees into divulging sensitive information, followed by phishing messages that result in malware infections and phishing emails that result in an account compromise.
Phishing emails are commonly used to deliver ransomware, either via the theft of credentials that give the attackers a foothold in the network or via the delivery of malware such as TrickBot, which is subsequently used to deliver ransomware.
The survey revealed many businesses are struggling to deal with phishing and ransomware threats, despite increases in security budgets. To help businesses improve their defenses against phishing and ransomware attacks, TitanHQ and Osterman Research will be hosting a webinar. During the webinar, attendees will learn about the advanced security threats uncovered by the in-depth survey, learn about the most effective mitigations against phishing and ransomware attacks, and will receive actionable information and best practices to reduce the risk of attacks succeeding.
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.