Cyber crime operations are now among the multi-million dollar businesses thriving in 2019. Crooks are able to blitz IT infrastructure and pilfer precious pieces of data with ease. Attacks are becoming extremely sophisticated and discreet. At times, they are only detectable once the damage has been done.
Businesses are under attack by Business Email Compromise (BEC). This efficient form of fraud has devastated countless companies, preying on those that frequently conduct wire transfers or who deal with foreign suppliers.
The amount of information stored online rises with each passing second. Within these quantities of data are keys to unlock personal identities, exploit financial details and blackmail high profile corporations. Each time an individual discloses sensitive information to an enterprise, they could be putting themselves at extreme risk.
With numerous applications now functioning within the cloud, how do we ensure the safety of employees, customers and partners?
Our lives are run through email. Not only does email manage our professional activities, but it follows us home as well. We use it as a form of online ID. We build a profile of ourselves in our inbox with each subscription and service we link. No longer are we simply sending communications to one another. We are crafting an epicenter of sensitive information that is fully readable and entirely unprotected.
The password is one of the most recognized means of encryption and a hacker’s favourite weak spot. Passwords are notoriously susceptible to decoding because of their human factor. We have to create them. We have to remember them. So naturally we make them our birthdays, our pets names or even variants of our own names.
For those who are a little more committed to making unshakable passwords, the trouble lies in deploying password managers. These applications are helpful in theory, but they are not always available for all the different devices that we may have to use.