The Busting of Cybersecurity Myths
As the number of cyberattacks increases at an exponential rate, cybersecurity is becoming an increasingly essential topic of discussion. Our mission
is to educate organizations about the ever-increasing hazards and refute some of the most common myths about digital security.
Myth 1: Small firms do not need to be concerned about hackers.
Although it is reasonable that some smaller firms prioritize other elements of their organization above cyber security, cybercriminals are up to three
times more likely to attack small firms than enterprises. It is because SMBs are viewed as ‘low-hanging fruit’ and are targeted due to their insufficient
security infrastructure. Furthermore, people working for smaller firms have less security training and are more vulnerable to social engineering.
Myth 2: Antivirus and firewalls provide sufficient security.
Traditionally, antivirus combined with a firewall provided appropriate security protection for your organization. Complex malicious software and social
engineering hackers can easily get through the holes. Due to the ever-increasing number of attack vectors, you must update your defense mechanisms
regularly to remain secure.
ACM works with our clients to create a security roadmap and comprehensive cyber strategy that includes the implementation of a backup and disaster
recovery plan, regular cyber security training, the implementation of two-factor authentication, and more.
Myth 3: Phishing attacks are evident.
A prevalent misconception is that only the technologically uneducated fall victim to phishing attempts, therefore cyber awareness training is not
considered as an efficient use of their time. However, a new type of attack known as ‘spear phishing attacks’ is becoming more widespread. This is
where attackers acquire information about your company before sending the infected email, making the fraud harder to detect. This strategy is used in
65% of all assaults. For example, they may want cash or immediate action for a convincing cause. Attackers may even fake a legitimate email such as
that of a manager, the CFO, or the CEO.
This is why security training for all personnel is critical to maintaining data security. Even so, certain phishing assaults may be too convincing to detect.
As a result, we urge all firms to look into email filtering services.
4th Myth: A lengthy password will keep my account secure.
Every password you make should be a strong password, since this is a critical component of a comprehensive cybersecurity plan, other than having a
long, complicated password, there are some more factors to consider:
• Passwords should be updated often. A brief search on the dark web will reveal that hackers frequently sell secret credentials for very little money;
frequent updates will decrease your risk.
• Encourage staff to remember their passwords rather than writing them down. What’s the purpose of a complicated password if it’s visible to everyone
in a text file?
• Passwords should never be shared. Implement multifactor authentication to prevent hackers from accessing your workers’ accounts even if they
know their passwords.
5th Myth: Only concern about external dangers.
Internal threats are often classified into 3 basic categories:
• Stolen Credentials
Stolen credentials are frequently associated with social engineering attacks like spear phishing. Frequent security training and the use of multi-factor
authentication will reduce their efficacy.
• Negligent Insider
Negligent insider risks occur when an employee unintentionally exposes your company to a cyber-vulnerability, this is the most typical type of insider
threat.
• Malicious Insider
A malicious insider attack is the least prevalent sort of insider threat, in which an employee or business partner purposefully causes damage or steals data.
This is by far the most difficult to guard against since organizations often think that all of their employees are not aiming to undermine them. The easiest
approach to avoid this is to enforce rigorous access permissions (and ensure that staff only have access to the data they need) and to use data loss
prevention (DLP) and monitoring technologies.
How do we assure the safety of your company?
We hope we have dispelled some cybersecurity myths you used to believe and we highly advise you to upgrade your security infrastructure immediately.
ACM can offer a wide range of security services that help you capitalize on the enormous opportunities provided by IP networks and the Internet while
mitigating cybersecurity threats. Contact us right now via the hotline at 6295 5962 or
email at info@achievement.com.sg to begin developing your personal
security roadmap to safeguard your data and reputation.
