KMT Download I All I want for Christmas is Cyber Security
A focus on privacy laws, ransomware attacks, cyber-physical systems and board-level scrutiny are driving the priorities of security and risk leaders.
Published on: November 30th, 2021
Last edited: May 24th, 2023
Oh No! – we made a mistake in our February newsletter and included the wrong link! here is the link to our most recent newsletter.
Hi All,
We are reaching the end of another COVID-19 affected year with 6 lockdowns affecting Victorian businesses and cybercriminals continuing to take advantage of the pandemic.
With businesses winding down for the holiday period, Cybercriminals are starting to ramp up their activity. Cybercriminals are banking on businesses taking their focus off their cyber security diligence.
An emerging trend is that long weekends and the holiday periods are becoming the choice time for cybercriminals to attack and the Kaseya ransomware attack over the July 4 holiday weekend is one recent example. This is a familiar pattern, another example was the Solarwinds breach in 2020, occurring just before Christmas. Attacking 100 private businesses and also branches of the US military.
Respected security analysts Kapersky Lab conducted extensive research on the rate of financial phishing and other cybercrime during the holiday season and itas found that the incidence of cybercrime was up 30% during this period. (1)
Cybercriminals target holidays for a reason: IT staff are likely to be on holiday and it is more difficult to react and react fast to an attack when IT resources are limited or stretched. Implementing proactive measures to protect your databases and networks from an attack and/or corruption should be your top priority.
Andrew Hastie Assistant Minister for Defence has called on all Australian’s and businesses to shore up their cyber posture ahead of the holiday period, ensuring they are vigilant against cyber actors looking to steal money and personal information via online shopping fraud.
The fact of the matter is, Christmas and Boxing Day marks the biggest online shopping events of the year presenting more opportunities than ever for cybercriminals to generate online scams.
Cybercrime in Australia has surged in 2021, according to the ACSC latest annual report. Meanwhile, Australians are spending in excess of $44 billion dollars shopping online in 2020 and 2021 is looking to blow that out of the water.
The ACSC received over 11,000 reports of online shopping cyber crime over the last financial year making up 17% of all reported incidents.
Good Security Starts with You
Careful strategic planning is essential when securing your data along with the implementation of key security measures. Protecting your hardware is also important, especially for mobile devices and laptops which present greater security risks due to their portability.
Maintaining strong password management, a quality Incident Response plan and a strong Endpoint Detection and Response solution should be implemented as a minimum.
Here at KMT we can efficiently appraise your company on the safest and most effective ways of increasing your data security – as well as securing your valuable information via encryption and other tools.
On a lighter note! We are launching our 3rd Elevate & Celebrate networking event a Golf Day – Date to be Confirmed – Register Now!
If you are interested in attending – you don’t have to be a great golfer, we will be playing ambrose. Please register your interest on our form.
If you have any questions or would like to discuss your ongoing strategy, please feel free to reach out to your Account Manager or myself for a strategy session.
Take Care!
Bradley Kaine
Managing Director – KMT
Learn More
74%
Cyber security is a priority for senior managers
77%
of businesses do not have an Incident Response Plan
30%
Increase in Ransomware during the holidays (1)
Phishing you a very Merry Christmas
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References:
- Report reveals 30% rise in Ransomware attacks during the holidays. Source: https://www.cybersecurityconnect.com.au/commercial/7395-report-predicts-30-rise-in-ransomware-attacks-during-holiday
