Recent trends in cyber crime
In the first half of 2023, there was a notable shift in threat trends. While traditional consumer-focused cyber threats declined slightly, social engineering and web-related threats (such as scams, phishing, and malicious advertising) increased sharply.
It is predicted that generative AI, unsecured employee behavior, third-party risks, continuous threat exposure, boardroom communication gaps, and identity-first approaches to security will shape cyber-security trends as 2024 continues.
The different types of Cyber Attacks:
Pandemic-Related Phishing: Scammers have exploited COVID-19 fears by sending phishing emails related to health information, vaccines, and relief efforts.
Ransomware Attacks: Ransomware remains a significant threat, targeting both individuals and organizations. Cyber criminals encrypt data and demand payment for its release.
Business Email Compromise (BEC) Attacks: BEC attacks involve impersonating executives or employees to trick victims into transferring funds or sensitive information. These attacks have become increasingly common.
Mobile Malware: As mobile device usage grows, so does the threat of mobile malware. Cyber criminals target smartphones and tablets with malicious apps and phishing schemes.
Cyber activism: Political and social causes drive cyber attacks. Activist groups use hacking techniques to promote their agendas or expose sensitive information.
AI and IoT in Cybercrime: Criminals leverage advanced technologies such as artificial intelligence (AI) and the Internet of Things (IoT) to carry out attacks.
Supply Chain Attacks: Cyber criminals exploit vulnerabilities in supply chains to compromise software, hardware, or services.
Data Breaches: Personal and sensitive data continue to be at risk. Breaches can lead to identity theft, financial losses, and privacy violations.
How to protect yourself and business from cyber-crime!
Strong Passwords:
Use unique, complex passwords for each online account. Make sure it is something that is not easy for others to figure out but is still something that you can personally remember.
Consider using a password manager to securely store and manage your passwords.
Multi-Factor Authentication (MFA) or Multi-Step Account
Doing this adds an extra layer of security by requiring a second form of verification (such as a text message or app notification) in addition to your password.
Regular Software Updates:
Keep your operating system, applications, and antivirus software up to date. Updates often include security patches.
Beware of Phishing Emails:
Be cautious when clicking on links or downloading attachments from unknown senders.
Verify the legitimacy of emails, especially those requesting sensitive information or urgent action.
Secure Wi-Fi Networks:
Use strong passwords for your home Wi-Fi network. And just like in number one, ensure the password is something that is not easy for others to figure out but is still something that you can personally remember.
Avoid using public Wi-Fi for sensitive transactions unless you’re using a virtual private network (VPN).
Backup Your Data:
Regularly back up important files to an external drive or cloud storage. This helps protect against data loss due to ransomware or other attacks.
Privacy Settings:
Review and adjust privacy settings on social media platforms and other online accounts.
Limit the personal information you share publicly.
Be Skeptical of Unsolicited Calls and Messages:
Scammers often impersonate legitimate organizations. Verify the identity of callers or message senders before sharing any information.
Avoid Clicking Suspicious Links:
Hover over links to see the actual URL before clicking.
Be cautious of shortened URLs or misspelled domain names.
Educate Yourself and Others:
Stay informed about common cyber threats and tactics.
Educate family members and colleagues about safe online practices.
Remember that cyber-security is a shared responsibility. By following these guidelines, you can significantly reduce your risk of falling victim to cyber-crime. Stay vigilant and stay safe!
If you have specific concerns or need further assistance, feel free to ask!