Cyber Defense eMagazine December Edition for 2021

However, as concerning as these practices are, they are often relatively simple to fix. This Cybersecurity
Awareness Month provides the perfect opportunity to remind ourselves and co-workers to do our part
and #BeCyberSmart. The simplest way we can do this is by developing good daily routines that work to
manage the most common cybersecurity risks facing our organisations. Examples of this include keeping
software up to date, backing up data, and maintaining good password practices. At the end of the day,
lack of education and human error are two of the largest contributors to data breaches. Businesses need
to start implementing more safeguarding protocols and make cybersecurity training not just accessible
for all employees, but a basic part of onboarding.
Cyber attacks nowadays do not often come from ingenious ‘hackers’ in dark rooms, they’re often the
result of an employee reusing the same password, or businesses not implementing basic practices such
as multi-factor authentication. By acting smart now, we can eliminate some of the greatest cyber threats
facing our businesses today."
Liron Damri, president/co-founder, Forter
“At Forter, we’ve seen a marked uptick in Account Takeovers (ATO); a form of identity fraud in which a
third-party steals credentials and / or gains access to user accounts. Our first party data shows that ATO
has increased 55% year-over-year!
How can that be? The global pandemic has kept people home, and so many consumers have entered
the world of eCommerce. Many of those who are new to eCommerce have proven more likely to reuse
passwords and less likely to follow security best practices. Fraudsters have been opportunistic in taking
over these accounts.
The burden isn’t only on the consumer here, it’s on businesses to deploy more sophisticated methods
and models to protect those new customers from ATO—identifying them (and approving their
transactions) and preventing fraud and abuse.”
Jon Clemenson, director of information security, TokenEx
"This National Cybersecurity Awareness Month, we’re reminded of how constantly evolving cyber threats
such as breaches and ransomware create the need for security professionals to develop increasingly
sophisticated defense strategies. These strategies can vary widely, which makes it especially important
for security leaders to select the appropriate controls and security methods for the unique needs of their
organization.
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