Cyber Crime in the Post Pandemic Era: All You Need to Know
The recent pandemic has led a lot of entrepreneurs to digitalize their businesses. But that isn't without its challenges. Learn more here.
The Internet is much more than just a space for online shopping and socializing. It has become an essential part of our lives, but its growing usage during the pandemic also means that it can be one of the most dangerous places on Earth.
While the world’s market for information security is expected to hit $170.4 billion in 2022, the cybercrime trends remain unpredictable; there are a few things we do know about what this might look like.
Here's what we expect to see.
Growth in Ransomware Attacks
The number of ransomware attacks will grow exponentially over time, with new strains being created as soon as one starts taking a hit; ransom costs will range from $400 to $25 million per head, depending on the severity of the attack.
Hacking Attacks Expected to Slow Down But…
The growth in the number of hacking attacks is expected to slow down, although this doesn't mean that the number of breaches will; we'll see a plethora of attacks against individuals, companies, and governments. In addition, 68% of entrepreneurs currently feel that they'll become more prone to cybercrimes as time passes.
A Rise in Phishing Attacks and Malware-Related Incidents
The growth in the number of phishing attacks will slow down somewhat as users become more aware of how this works and where their spam filters need to be adjusted for maximum protection. Phishing scams that target customers and defraud them will also continue to grow steadily.
Malware-related incidents will rise slightly due to vulnerabilities of PCs, mobile devices, gaming consoles, home routers, and other hardware connected to the Internet.
Social engineering and malware explicitly designed for social media sites will be some of the most prevalent types of malware. An example of this is the "Tripwire" worm, which could spread to potential victims from a compromised contact on Facebook.
Viruses and Worms Will Continue to Grow
Viruses and worms will continue to be a serious threat as they can serve as entry points for cybercriminals. However, the prevalence of mobile malware will decline when users' phones can adapt themselves to avoid exploitation.
Growth in Phishing and Pharming
Phishing and pharming will continue to evolve using more sophisticated social engineering tactics (such as fake news items and fake messages about money or gift cards) that will cause users to click on links that lead them to malicious websites.
The above information highlights a few of the major trends expected in the post-pandemic era. Get in touch with us if you’re concerned about the trends in cybersecurity and cybercrimes. At Lean Security, we offer premium cybersecurity services in Australia, including advanced web security testing, web security assessment, vulnerability scanning, source code security assessment, and more.
Revolutions in the Cyber Security Industry
The cybersecurity industry is constantly growing. Recently there have been some major revolutionary breakthroughs in the industry. Learn more about them here.
Cybersecurity is an industry that demands constant innovation from IT experts to stay ahead of potential threats. Recently, there have been several breakthroughs in research and development which could lead to new technologies that revolutionize security in the future.
The unfortunate reality is that it's only a matter of time before we see another major cyber-attack or breach, and these new developments need to be implemented in response to such potential threats.
In 2020 alone, Australia’s Cyber Security received 436 threats from government agencies, and worldwide the damages from cybercrime are expected to hit $6 trillion by the end of 2021.
In this blog, we will look at several advancements in cybersecurity and what they could potentially mean for the future of modern cybersecurity.
1. Private Side-Channel Attacks
The first innovation comes from researchers at Princeton University, which is designed to prevent hackers from stealing data with a form of data scrambling that's called "data encryption" or "private side-channel attacks."
This will be particularly useful for securing sensitive data, such as medical records, since it doesn't rely on traditional encryption types, which certain techniques can break.
2. Filtering System: Privacy-Preserving
Another breakthrough is a filtering system that will help prevent hackers from getting in and disturbing the systems by keeping track of all the network communication data.
It works by scanning all data packets to ensure they are coming from legitimate sources and not random ones. This prevents outsiders from seeing and understanding the information being sent over the system and blocking out potential intrusions automatically by shutting down suspicious connections.
This groundbreaking innovation was created by researchers at Princeton University called "privacy-preserving.”
2. Blockchain Technology
The latest innovations in cybersecurity also include blockchain technology, which has already been adopted by industries such as banking, real estate, and insurance. Various companies also used it to conduct transactions using cryptocurrencies.
Blockchain is a secure, immutable, and transparent digital ledger of transactions that can be used, not only for cryptocurrency like Bitcoin but also for various other applications.
The technology that allows this is called a distributed database system that can record and store data across multiple sites to enable all participants to verify the data. The data can only be added by consensus between all the participants and cannot be deleted or altered retroactively.
These are just a few examples of many recent innovations in cybersecurity. Feel free to contact us if you want to know more about the current state of cybersecurity and learn about how you should improve yours.
At Lean Security, we offer premium cybersecurity services in Australia, including, but not limited to, web security assessment, penetration testing, and web vulnerability scans.
4 Ways Your Computer Can Be Exposed To Malware While Working From Home
Work from home has become increasingly common, but so have the threats associated with it. Here is how you may be vulnerable.
The pandemic has given a massive boost to the digital industry. Businesses of all kinds are struggling to create an online presence, and many have delegated tasks to their employees online. Work from home is a widespread phenomenon now as it comes with its own set of advantages. For example, it saves travel costs, you don't need an office to work in, and employees can work when they're unwell at home or even outside working hours.
However, with this increased opportunity have come increased security threats.
What is Malware?
Malware is a type of software that is meant to harm your existing setup—whether hardware or software. Viruses, spyware, ransomware are all examples of malware. The purpose of malware is to assist a hacker in conducting a cyberattack.
According to statistics, several cyber attacks were carried out last year, which calls for cyber solid security nets.
How is Your Computer Vulnerable?
Working from home means working on smaller, private systems that may be more vulnerable to attack. Here are four ways in which your computer is at risk of malware.
Issues With Home Computers
Computers at home are less impersonal and less dedicated to work as compared to those in the office. These computers can easily be accessed by other people at home who may access various malware-prone websites.
Lack Of Security
Generally, computers at home have weaker passwords and fewer checks, making them more vulnerable to exploitation by hackers.
Lack of Inspection
Computers at work are dedicated to a particular cause, and some workplaces may even regularly survey their network system for any faults or troubleshooting. This is not possible to do with employees' computers, making it less likely to find and resolve privacy issues in time.
Unsecured Wifi Access
Wifi networks and VPN security at home are generally unchecked; this can become a way for hackers to invade a setup and disrupt it.
What Can You Do About It?
Secure Home Wifi
Start by securing your network with a strong password. Then ensure that you have enabled network encryption and are running the latest version of your device.
Use Antivirus and Security Software At Home
A comprehensive antivirus and security software can be an excellent investment for any business. Cyber attacks can cause losses of billions of dollars, and this investment is prevention for any such attack.
Dedicate Devices For Work
Dedicated devices are excellent for maintaining the privacy and can be a worthy investment in the long run.
Hire Professional Security Options
Finally, you can hire professionals to devise a security plan for yourself and your business. At Lean Solutions, we help you do exactly that. Reach out to us and avail of our security testing service. We also provide infrastructure vulnerability scanning service, managed Internal vulnerability scanning, manual application penetration testing services for our clients.
Ways You “Agreed” To Privacy Invasion Through Apps On Your Phone
Privacy of data is a big concern in the Information Age. Here is how you may be giving it away on your phone.
Our concerns about our data and privacy are becoming more and more serious as companies and educational, and healthcare facilities continue shifting online. Applications and software we love to use for 'free’ do not provide free services and use our data and information to their advantage. And this doesn’t happen entirely without our consent. As we continue to download all the applications that make our smartphones smarter, we inevitably share our valuable information like our contact lists, location and media files.
What Is Privacy Invasion?
Australian Law identifies some fundamental principles of online privacy. These principles include collecting data through non-intrusive means, non-disclosure of personal data to third parties, protecting the collected data from any theft, and destroying the data once it has been used. Any violation of these may lead to privacy invasion.
How Do Phone Applications Invade Privacy?
Phone applications usually ask for your permission before they can access your phone. Some of these conditions are expanded on under 'terms and conditions.’ Sometimes, permission is sought once the application has been downloaded.
For example, applications may ask you to allow access to your location, media files, microphone, etc. Most of the time, these applications and permissions are relevant, and much needed to function. For example, a cab service may need access to your location. However, some permission may be riskier.
According to research, some applications may go as far as accessing your phone’s motion sensors and even trick users into granting permission and access indirectly. This data can prove dangerous because it may be compiled and sold to third parties who may be hackers.
In such circumstances, each phone application is like spyware in its ways and may need security testing to ensure potentially dangerous third parties do not access your data.
What Can You Do To Overcome It?
The dangers of allowing unhindered access to your phone are apparent. Data is the most valuable currency in the current day, and allowing unlimited access to it may endanger your security and that of your business.
You can take the following steps to ensure safety:
Delete Old Applications
Ensure you delete any unwanted applications from your phone to prevent them from unnecessarily accessing your data.
Don’t Install More Applications Than You Need
All of your applications are lying there in your phone and transferring your data to marketers. Therefore, do not be tempted to install applications you don’t intend to use—you’re giving away your data for free!
Check Your Applications’ Permissions
Ensure you are familiar with how your applications share your data and how private they are about it. Make sure you change settings in your phone about data sharing that you don't like, and if you don't have that option with a specific app, beware of its potential threat.
Hire Professionals for Vulnerability Testing
Hire professionals to ensure your data’s safety. Lean Security is an IT solutions firm that offers security testing, penetration testing services, and mobile application security assessment. Let our professionals handle your online security for you.