According to IBM’s 2018 Cost of a Data Breach study, the leading causes of most data breaches within businesses are malicious and criminal attacks. They amount to 48% of all data breaches, but 27% is due to human error and 25% due to glitches within internal systems. The same report stated that globally, the average cost of a data breach is now $3.86 million.
How to Prevent a Devastating Email Attack on Your Business
As we’ve already mentioned, a sizable percentage of all data breaches occur due to human error, which means that both you and your employees need to learn how to be vigilant.
You need to be proactive by staying up to date on all the latest news and techniques used by hackers.
Furthermore, when it comes to emails themselves, everyone in the company needs to learn to identify that an email address is legitimate (sender and intentions are clear), and to take a good look at each link or attachment they receive via email as well, or a website that looks legitime but asks you to download malware or entering your confidential information. All of that goes for those regular-looking emails from a colleague, a customer, a supplier, a partner, a bank, etc. Those kinds of emails can easily be fake. For complete safety, it’s best to avoid clicking on any money-related link from an email – if you know what it is, then you should type it yourself.
You need to create a safer digital culture in your company. By that, we mean all of the above, but you also need to train everyone not to divulge their work passwords to anyone, not even people within the company. Those same passwords need to be changed regularly and preferably using two-factor authentication.
In the end, it’s best for everyone to learn to ignore suspicious requests like account and file transfers, or those for sharing sensitive data.
When it comes to security, your company should make sure that:
Your endpoints are protected (anti-virus and password vaults, for instance)
Your networks are protected (a good firewall should be in place, for example)