Incidents of malware infection have been so regular that they are no more news to organizations worldwide. A single system infection is still within the control of the IT Security teams, but when it occurs at a significant scale, it can prove spine-breaking for the organization. Hence, there need to be contingency plans to counter it even before it comes to such a stage. Organizations must prepare a robust malware incident response plan and keep it ready for immediate implementation.
Today, we are in the digital age, where advanced technology makes everything easier. The advantage digitalization offers to organizations is especially remarkable. Organizations like banks that had to deal with millions of people and billions of transactions daily can now manage a large proportion of their customers online. As a result, online banking is gaining in popularity, thanks in part to the convenience it accords the customers.
The digital age has witnessed emails emerge as one of the most original and popular methods for online correspondence. Regardless of the size of an enterprise, email security continues to be a concern. In 2017, the number of email users across the globe was around 3.7 billion. This figure is likely to rise to 4.3 billion by 2022. Besides, malicious actors have close to 300 billion emails dispatched around cyberspace to target each day. Without a robust line of defense, an organization would always be in the shadow of an attack from adversaries. Phishing attempts, ransomware attacks, malicious attachments, and links continue to exploit the vulnerabilities.
With the rampaging virus and a restriction on movement, most staff have started to work from home. While this change has led to a successful fight against the virus, it has given IT Security teams a lot to work on. A widespread workforce and spread-out security protocols have led to systems and networks becoming increasingly vulnerable to cyber threats like spear-phishing, BEC, etc. Moreover, most enterprises moving to the cloud created an open field for both the victim and the perpetrator.
A tremendous evolution can be seen in the internet threat landscape in recent years. Cyber-attacks have become more sophisticated to easily infiltrate an email infrastructure and cripple any organization’s business operations in seconds. The latest Gartner report points out that attacks relating to business email compromise (BEC) will double in number every year (to over $5 billion) by 2023, resulting in substantial financial losses to organizations.
Emails are the primary means of commercial, professional, academic, diplomatic, and other official correspondence. An office employee receives around 200 emails daily, and not all of these emails come from harmless or relevant senders. Ninety percent of the email exchanged globally accounts for spam email. Spam email and its associated cyber risks are known to all – it is the root cause of malware, Trojan, and virus spread through email. Data breaches, compromise of confidential intelligence, and financial fraud are initiated by spam and phishing emails commonly appearing as an ’email security alert.’
In this digital age, communication and payment transactions are performed online. And email remains the number one communication channel due to its flexibility, reliability, and ease of use. As such, it is the preferred channel by malicious actors to attack an organization. The current pandemic has contributed much to the use of emails. As a result, cybercrime has evolved with innovative and sophisticated techniques to carry out Business Email Compromise (BEC) attacks, which necessitates robust email security for any organization.
Email security threats are increasing day by the day as more organizations use the online route for business and communications. Avoiding email security threats is of paramount importance and forms an integral part of every cybersecurity strategy employed by organizations worldwide.
No standard business in today’s world operates without an email server. Most business communication takes place through emails. It also means that a lot of sensitive, personally identifiable information (PII) remains in such organizations’ mailboxes. But a single cyberattack or security vulnerability can invite trouble not just in the form of business disruption but also as a risk of identity theft, extortion, or financial loss for all stakeholders, including employees, partners, and the most crucial part of any business – the customers.
The sophistication of phishing and hacking has improved with advancements in technology. Under such circumstances, online business owners must adhere to cybersecurity compliance without fail. An online business is at a more significant risk than an offline one as online malicious attacks can disrupt its activities anytime. It will require all sorts of protection, such as email security, phishing protection, ransomware protection, and anti-phishing services to protect the organization. The below information on data breaches in 2020 is something to ponder about
With the hike in the number of data leaks, phishing and spear-phishing attacks, and other security breaches, most users wonder how they can prevent their personal and sensitive information from getting into the hands of adversaries. Organizations have started to pay attention to phishing protection, ransomware protection, and other cybersecurity measures to secure their information assets. However, one aspect that no enterprise should sideline when it comes to email security is the concept of email encryption.
Walking in the shoes of a Chief Information Officer (CIO) brings the colossal responsibility of securing the clients’ interests. With online adversaries escalating in the digital age, email security continues to be a priority for organizations. Given that 88% of global organizations encountered spear-phishing attempts in 2019, the adversaries look even more menacing a couple of years later. For a CIO, the Information Technology policies largely revolve around managing persistent threats coming through emails. In 2021, emails continue to be one of the favorite channels for malicious actors to inflict damage. Therefore, right from choosing the email hosting provider to incorporating the security protocols, one needs to be on the front foot.
Maintaining standards across the organization by managing things well is what everyone dreams of, but lacunae creep into the structure gradually. To overcome this issue, most organizations outsource their internal services to third-party vendors. Maintaining the business email infrastructure, including overall email management and email security, is such a service.
Inactive accounts may not seem to be much of a security concern, but these can prove to be the reason behind the downfall of the entire digital network of an organization, given the threat actor is competent enough to use a single inactive account to get access to organization’s insider information.
Email security has been crucial in helping businesses implement appropriate business policies and achieve set objectives. Without safeguarding the confidentiality, integrity, and availability of data passed through email communication, an SME cannot think of business growth or further development.
Managed Service Providers or MSPs provide a host of services that help clients across a lot of domains. MSPs are a welcome addition to any team for various services, from protecting their network against malicious attacks to anti-phishing solutions. However, one of the areas that they have overlooked is the ubiquitous email. It is not only an important sector but a lucrative one too. MSPs must pay more attention to email security services if they want to claim that they provide complete assistance.
We all know how Office 365 consists of (almost) all the tools required to increase productivity at work. However, as with any other piece of software, the widely used Microsoft product has its cons. A significant issue that worries users is data security or, rather, data vulnerability and whether the phishing protection measures are enough to ensure that their data is safe.
2020 has been a testing year for every industry. The COVID-19 restrictions paved the way for new trends like the WFH culture, remote workforces, and cloud-platforms. These changes have also affected the digital communication pathways, including email communication, in various ways. As these trends continue in 2021, there is a need for ramping up email security strategies accordingly.
2020 was a roller-coaster ride for most individuals and businesses, and everyone had to adapt to a new normal. The most notable change was in the way we work. While businesses started work from home policies, individuals started relying on electronic modes of transactions and communications. The increasing reliance on emails, unsurprisingly, led to a considerable hike in the number of email-based cyberattacks. While businesses are becoming more informed about the advantages of maintaining a robust cybersecurity posture, they are ignoring email security. This article will persuade them otherwise.
Analyzing The State Of Email Security In 2020 And What Can You Do To Make Your Email Infrastructure Better
2020 has been a tumultuous year globally, with almost every industry suffering because of the pandemic. It has given rise to a revolutionary shift in the work culture as more people started working from home/remote locations. Emails have become the primary communication mode for everyone, from students to workers. Malicious actors have enjoyed a good outing under such circumstances, using spear-phishing, BEC, and ransomware to globally infiltrate enterprise networks.