{"id":30847,"date":"2022-02-15T22:20:17","date_gmt":"2022-02-15T22:20:17","guid":{"rendered":"https:\/\/grapevinemsp.com\/?p=30847"},"modified":"2022-02-15T22:20:17","modified_gmt":"2022-02-15T22:20:17","slug":"prepare-for-a-rise-in-cyber-attacks","status":"publish","type":"post","link":"https:\/\/grapevinemsp.com\/prepare-for-a-rise-in-cyber-attacks\/","title":{"rendered":"Prepare for a Rise in Cyber Attacks"},"content":{"rendered":"

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Cybercriminals of the 2020s are like the bank robbers of the 1930s. Today\u2019s more shadowy dark web counterparts of notorious bank robber Willie Sutton<\/a>\u00a0 steal information, ransom businesses, and hijack personal information because, in Sutton\u2019s words, \u201c…that\u2019s where the money is.\u201d<\/p>\n

Sutton earned his nickname \u201cSlick Willie\u201d because of his genteel and polite demeanor during robberies. His modern-day cohorts rely on subterfuge and secrecy and tactics ranging from dark web data hijacking to trickery and phishing schemes. They are impossible to locate, cannot be extradited, and frequently operate under the auspices of protection of foreign governments.<\/p>\n

2021 was a “good” year for the crooks<\/h2>\n

The Identity Theft Resource Center<\/a> reports that as of the beginning of the third quarter of 2021. 1,291 companies reported data breaches affecting over 281 million victims\u2014up 17% from 2020. The operative word here is \u201creported”, because according to ZDNet, \u201can entrenched lack of transparency around the disclosure of security incidents continues to persist — and so this may be a low-ball estimation.\u201d<\/p>\n

Nevertheless, the average cost of a data breach far exceeds what Willie Sutton and his gang could have reaped\u2014about $4 million. Ransomware demands against U.S. companies have also reached an epidemic average of\u00a0well past $6 million\u2014with one record payout <\/a>by an insurance company at $40 million.<\/p>\n

So, 2021 was a good year for cybercriminals proving that cybercrime is here to stay and, if anything, will intensify. Accordingly, in 2021, a cyberattack occurred every 39 seconds.<\/p>\n

2022 promises to get worse. The upward trajectory is in a target-rich cybercrime environment where both small- to medium-sized businesses are as vulnerable as high-profile corporations. In fact, cyber-attacks can be piggy-backed on many of those smaller targets for backdoor exploitation of bigger fish.<\/p>\n

RaaS is booming<\/h2>\n

The growing sophistication of ransomware attackers over the past few years has spawned a cottage industry for so-called \u201cRansomware as a Service (RaaS). Hackers penetrate their targets, while the franchising service provides the tools and collection methods for a percentage of the take.<\/p>\n

Access to unbreakable encryption tools and a proven record of success could likely recruit even more malware attackers. Organizations who would rather pay than face prolonged shutdowns or have their proprietary information sold to the highest bidder will likewise continue to pay up even with no guarantee <\/a>that their data will be safe.<\/p>\n

It should come as no surprise, then, that RaaS, along with the difficulty of tracking and jailing hackers, are both indicators that the ransomware business model will flourish in 2022. One senior product marketing manager made the alarming prognosis that \u201cwe will see a growth in the ransomware-as-a-service market… Whether you are a small business or large enterprise, at some point, you will be targeted by a ransomware attack…\u201d<\/p>\n

The Pandemic Brought New Vulnerabilities<\/h2>\n

As many workers were sent to their home offices during the pandemic, many also decided to participate in the so-called \u201cgreat resignation.\u201d They are pursuing new opportunities, and this worker exodus has brought its own set of security vulnerabilities.<\/p>\n

Staff turnover means gaps or weaknesses in security protocols and awareness. Human engineering and exploiting a person\u2019s natural curiosity and eagerness to please are the fertile targets of phishing and planting malware on the company\u2019s systems and servers. Social engineering, then, can bypass even the strongest firewalls.<\/p>\n

A new approach to security is needed<\/h3>\n

The rise of hybrid working and continued innovation from threat actors means 2022 has plenty of nasty surprises in store. As a result, a fresh approach to secure the future of work is required.<\/p>\n

Cybersecurity leaders should focus on protection where it is needed most: the endpoint. Organizations should embrace a new architectural approach to security that helps to mitigate risk. This involves applying the principles of zero trust \u2014 least privilege access, isolation, mandatory access control, and strong identity management. Also, the foundation of data security is to backup everything and backup your backups.<\/p>\n

What can you do to protect your business? Working with Grapevine MSP is a great place to start. With the help of strategic IT consulting services, proactive security, data compliance, and cost-effective solutions, Grapevine MSP can keep your business on track to grow and stay safe in the ever-growing range of online threats.<\/p>\n

If you have questions and would like to hear from one of our cyber security experts, send us a message<\/a> or give us a call. We are here to help you!<\/p>\n","protected":false},"excerpt":{"rendered":"

    Cybercriminals of the 2020s are like the bank robbers of the 1930s. Today\u2019s more shadowy dark web counterparts of notorious bank robber Willie Sutton\u00a0 steal information, ransom businesses, and hijack personal information because, in Sutton\u2019s words, \u201c…that\u2019s where the money is.\u201d Sutton earned his nickname \u201cSlick Willie\u201d because of his genteel and polite […]<\/p>\n","protected":false},"author":1,"featured_media":30848,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,7,16,1],"tags":[19,20,11,14,15,30,27,36],"yoast_head":"\nPrepare for a Rise in Cyber Attacks<\/title>\n<meta name=\"description\" content=\"Grapevine MSP can help fight cybercrime and meet the new threats in 2022. 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