New Cyber Threats

As technology continues to advance in the workplace, it has become even more critical to ensure proper cyber-security measures within your organisation. And one of the best ways to ensure robust cyber-risk management practices is by staying updated on the latest cyber-threats.

In the recently released European Union Agency for Network and Information Security (ENISA) Threat Landscape Report 2018, ENISA identified Europe’s top 15 cyber-security threats from the past 12 months. While the top four threats remained identical to previous years (eg malware, web-based attacks, web-application attacks and phishing), the report discovered a rise in two relatively new cyber-threats – cryptojacking and denial of service (DoS) botnets.

Don’t let these evolving concerns cause disaster within your business-use this guidance for an overview of the new threats and best practices to reduce your risk:

  • Cryptojacking – This threat takes place when cyber-criminals hijack the victim’s computer power via an internet browser or email to mine cryptocurrencies (eg Bitcoin or Monero) without consent from the victim. Cryptojacking is a serious concern, as it can cause significant financial loss in seconds. Consider these tips to protect your business:
    • Keep your internet browser secure by installing ad-blocking and anti-cryptomining extensions.
    • Prevent email hacking by reminding staff members to never click on suspicious websites or links in their emails.
  • DoS botnets –  While normal botnets can be beneficial, malicious botnets hack into your device and trick you into downloading software that allows the botnet’s owner to gain full control of your device. From there, the botnet owner can execute a DoS attack to shut down your organisation’s website or email spam to millions of internet users. Use this advice to avoid botnet issues:
    • Never download attachments or software without confirming its validity.
    • Routinely update your devices’ operating systems. In addition, be sure to implement hacking safeguards such as firewall and anti-malware software.

As cyber-threats continue to evolve, so do your insurance needs. You can ensure ultimate peace of mind against data breaches with robust cyber-cover. For more information and insurance solutions, you can check out our Cyber Insurance webpage here. You can also obtain a FREE QUOTE.

Read our other posts

Island Hopping Technique in Cyber Attacks

Island Hopping Technique in Cyber Attacks

While ‘island hopping’ might come across as a fun and tropical activity to try during your next holiday, this term carries a far more negative connotation in the realm of cyber-attacks. Indeed, island hopping refers to a data breach technique that occurs when cyber-criminals infiltrate smaller organisations – such as human resources, marketing or health […]

Top Culprits of Business Interruption

Top Culprits of Business Interruption

Today’s evolving risk landscape contains a wide range of intangible threats-cyber attacks, broken supply chains and the mental health of your employees, to name a few that all have the potential to cause noticeable business interruption within your organisation. In fact, recent research found that 20 per cent of organisations feel ill-prepared for unforeseen events […]

Multi-Factor Authentication

Multi-Factor Authentication

Implementing multi-factor authentication (MFA) is a business-critical imperative.  The below advice is from our recommended cyber insurer, CFC Underwriting. Why is this important? The CFC Incident Response Team notes that the vast majority of claims for business email compromise (BEC) and the associated crimes that result from such a compromise (wire transfer fraud, data theft […]

What Your Business Can Learn From the Notre Dame Fire

What Your Business Can Learn From the Notre Dame Fire

As flames engulfed the Notre Dame Cathedral this past April, such a tragedy emphasised the grim reality that no building is immune to the costly consequences of a fire. Review these lessons learned from past fire disasters to ensure your organisation is practising proper fire prevention and mitigation methods: Eliminate common causes—Try to eliminate commonly […]

Top 10 Tips To Protect Your Business Against Hole In The Wall Attacks

Top 10 Tips To Protect Your Business Against Hole In The Wall Attacks

There are a growing number of burglaries where unlawful entry to premises is gained through the walls of the building and not via the more usual route of doors and windows.  Both external walls and party walls connecting to neighbouring properties have been breached. This is a worrying trend but there are plans you can […]