Top 4 Cyber Crimes

Every business performs online functionalities to some degree. In fact, there are many companies who have fully remote employees. As our work life continues to become more digital, cybercrimes are increasing along with it. Because of this, it’s important to be cognizant of the most common cybercrimes so that you can remain on high alert. From phishing scams to data breaches to identity theft to ransomware heists, there are many ways your company can be at jeopardy.

Phishing Scams

Similar to fishing (or what the word sounds like), phishing scams consists of someone who sets a trap and waits for someone to bite. Once someone is caught in the hacker’s web, he or she receives access to all sorts of valuable information. Email is a common ground for fraudsters with phishing scams. Have you ever received an email claiming to be your boss, but when you look closer, the email address is slightly different? That most likely was a phishing attempt. Hackers hope minor details like that go unnoticed. Once the document is downloaded, the phisher would receive access to all the data that is stored on the victim’s network as well as any personal information that was entered in the document.

Data Breach

Data breaches often take it a step further, resulting in the hacker having control over your entire network, giving them the ability to shut down all of your business capabilities. As serious as data breaches are, they are also becoming a more popular choice among hackers. In 2021, data breach costs rose to $4.24 million in the United States. To protect your data from being stolen during a breach, it’s important to train your employees so they are aware of security best practices. Set up your own actions of defense, whether that’s utilizing multi-factor authentication or investing in an endpoint security system.

Identity Theft

Identity theft is a serious offense which consists of a criminal using stolen identifiable information to impersonate you. Most commonly, the thief will steal your financial information. If you fall victim to a phishing scam or data breach, you can also experience identity theft. For data that has to be recorded on paper, make sure you have a shredder handy so that anyone with ill intention can’t get their hands on it. For digital data, a strong encrypted password goes a long way to ensure hackers steer clear.

Ransomware Heist

According to CNBC, “Ransomware attacks involve malware that encrypts files on a device or network that results in the system becoming inoperable. Criminals behind these types of cyberattacks typically demand a ransom in exchange for the release of data.” Unfortunately, heists of this sort can happen to any business. Garmin is a recent example of a company who was ultimately forced to pay their hackers $10 million in ransom to retain control of their company. To prevent a ransomware heist, it’s important for your team to understand what malware is and to also hold training sessions so that you can work towards protecting your important information.

Nutmeg Technologies is an IT managed service provider based out of Windsor, CT. We are happy to assist companies who are looking to have in-office or remote workforce through secure technology. Contact us to today to find a product that best suits your company’s needs.