Security Breach – 23 Apr 2021

Security Breach – 23 Apr 2021

You need monitoring on everythingSmall Changes Now Pay Big Dividends Later

A down economy is forcing many companies to make spending cuts.

But when you’re going through your budget looking at things that you can pare down or put off, don’t add cybersecurity to that list. Instead, look at the ways that your security solutions can be maximised to ensure that you’re getting the real value out of them that you’re already paying for – you’re almost certainly going to find a few unexpected features.

For example, if you’re already using Dark Web ID for dark web monitoring, you’re making a strong move to protect your business from credential compromise danger, even if that risk comes from your employees reusing their work passwords elsewhere (which 65% of people do).

But are you monitoring your executives’ private email accounts too? You don’t need to buy anything extra to do it – you can do that with Dark Web ID, an often overlooked bonus!

Password protection isn’t really protection anymore. That’s why multifactor authentication (MFA) is a modern essential that authorities like Microsoft recommend to stop 99% of password-based cybercrime.

But experts also recommend single sign-on, and secure password vaults.

While it may be tempting to slash your security budget and put off making security adjustments, it’s a dangerous proposition. Overall cybercrime increased approximately 85% in 2020 and things aren’t slowing down. If anything, you need monitoring on everything.

Make the smart decision to play the long game and still profit in the short term by making careful investments in cybersecurity upgrades – and avoid having your business get knocked for a loop in the wake of today’s cybercrime wave.

Recent Breaches

 

Australia – Federal Group – Casino Operator

Exploit: Ransomware

Risk to Small Business: Severe: Threat actors struck casinos in Tasmania. Sole casino operator Federal Group was targeted in a ransomware attack that impacted both gambling and hospitality operations. The attack affected hotel booking systems in the company’s Wrest Point and Country Club venues. It also knocked out operations at the perennially-popular slot machine floors. The company is working on fully restoring services and investigating the incident. Federal Group’s other 2 casinos in Tasmania were not affected

Risk to Exploited Individuals: No sensitive personal or financial information was announced as compromised in this incident, but the investigation is ongoing.

Customers Impacted:  Unknown

Australia – Spotless – Hospitality Services

Exploit: Ransomware

Risk to Small Business: Severe: Hackers may have obtained past and present staff members’ passport and IRD numbers in a growing data breach at banquet and cleaning company Spotless. Impacted workers were informed by email last week. The company expects that a large amount of HR information may have been stolen by the cybercriminals in a suspected ransomware incident that is still under investigation.

Risk to Exploited Individuals: Severe: Current and former staff members may be at risk for identity theft and spear phishing. Fraud attempts have already begun to come to light.

Customers Impacted:  Unknown

Protect your data and systems by implementing a solid cybersecurity plan today. Talk to a TCT team member today and we can show you how.

Robert Brown
23/04/2021

Follow us on LinkedIn:

Related Articles:
Huge Cybercrime numbers provide food for thought
Are you Cyber Resilient?