5 New Cybersecurity Threats You Need To Be Very Prepared For This Year

The year of 2023 marked a significant turning point for cyber-attacks with the introduction and wide proliferation of AI (artificial intelligence), now in the hands of people who wish to do you harm and who are actively using it to find faster and easier ways to rob you, extort you or simply burn your business to the ground.

As I write this, I’m well aware there’s a tendency to shrug and just accept the “we’re all gonna get hacked anyway” mantra to avoid having to deal with it. Further, like overhyped weather reports, it’s also tempting to just ignore the warning signs, thinking all of this is just fearmongering rhetoric designed to sell stuff.

However, it truly is becoming a situation where the question is no longer IF your organization will be hacked, but WHEN. The Hiscox Cyber Readiness report recently revealed that 53% of all businesses suffered at least ONE cyber-attack over the last 12 months with 21% stating the attack was enough to threaten the viability of their business.

This year is going to be a particularly nasty one, given the U.S. presidential election along with the ongoing wars between Russia and Ukraine and Israel and Hamas. Tensions are high and hacking groups are often motivated by revenge as well as money.

Now, here are the 5 biggest developments in cyber threats you need to know about.

1. The Proliferation Of AI Powered Attacks:

If cybersecurity is a chess game, AI is the Queen, giving the person in possession the most powerful advantage for whomever plays it best. All cyber-related reports expect to see highly sophisticated deepfake social engineering attacks on the rise designed to separate you from your money.

We’ve already seen scams using AI-generated voices of family members, calling relatives to claim they’ve been injured, kidnapped or worse, to extort money. This is also being used to hack into companies by getting employees to provide login information to people they think are their IT department or boss.

This is where employee awareness training comes in, as well as controls such as MFA (multi-factor authentication), come into play.

2. Increased Risk of Remote Workers:

The expansion of remote work is a trend that is not going away; and with that comes an exponentially greater risk for cyber threats. From laptops being carried around and connected to suspicious Wi-Fi to mobile phones providing a “key” to logging into critical applications (like your bank account, Microsoft 365, line-of-business and credit card applications), these devices pose a high risk for being easily lost or stolen. Further, when people use their own devices or work remote, they tend to mix business and personal activities on the same device.

That employee who frequents gambling or porn sites may be using the same device used to login to company e-mail or critical applications. Even logging into personal social media sites that get hacked can provide a gateway for a hacker to get to YOUR company’s information through a user’s (employee’s) personal accounts.

3. Escalation Of Ransomware Attacks:

There are an estimated 1.7 million ransomware attacks every day, which means every second 19 people are hacked worldwide. If you’ve been lucky enough to avoid this, know that someone else is getting hacked on a very frequent basis, and you are very likely to be hit.

Last year, ransomware attacks increased by 37% with the average ransom payment exceeding $100,000, with an average demand of $5.3 million.

Fortunately, not all ransom attacks are successful. Businesses are getting much smarter about cyber protections and have been able to put in place protections that prevent hackers from successfully extorting their victims.

4. IoT Attacks:

IoT, or “Internet of Things,” is a term to describe the proliferation of Internet-connected devices. Today, even kitchen appliances, like a refrigerator, can be connected to the Internet to tell you when it’s time to change the water filter to alerting you if there’s a power outage.

This means hackers have a FAR greater number of access points into your world. If there are 100+ more doors to walk through in a house, you have a much greater security risk than if there are only five. That’s why IoT attacks present such a problem for us, and a huge opportunity for the hackers.

While many people know they should lock their PC, they might not be as meticulous in locking down their fridge or their dog’s tracking collar, but those could all provide access to you, your devices, e-mail, credit card and personal information.

5. Cyber Protection Legal Requirements

To try and combat the out-of-control tsunami of cybercrime, the government is initiating more comprehensive federal and state laws requiring business owners to have in place “reasonable security” protections for their employees and clients.

The FTC (Federal Trade Commission) has been the most active in this space, bringing numerous actions against companies it alleges failed to implement reasonable security measures, issuing monetary penalties.

Of course, all 50 states plus Washington D.C. have passed laws imposing security requirements as well as data breach notification laws that require businesses to notify anyone whose data and PII (personally identifiable information) has been stolen or accessed by hackers via the company. For example, in California, under the California Privacy Rights Act (CCPA), a business could face a penalty of $100 to $750 per consumer and per incident if that company gets hacked and the court determines they failed to put in place reasonable security procedures.

Not Sure If You’re As Protected And Prepared As You Should Be?

To make sure you’re properly protected, get a FREE, no-obligation Cybersecurity Risk Assessment. During this assessment, we’ll review your entire system so you know exactly if and where you’re vulnerable to an attack.

Schedule your assessment with one of our senior advisors by calling us at 305-574-2169 or going to https://virtualitmanagers.com/free-network-analysis-and-security-assessment/.

Your 15-Step IT Profitability Road Map For 2024

If you’re hoping to cut costs and boost profitability in 2024 without compromising productivity or efficiency, assessing the technology you use in day-to-day operations is one of the first areas in your business to examine.

We’ve created a road map that you can use to go step-by-step through your organization to determine if and where you can be saving money or utilizing new or better technology to improve operational efficiency.

1. Technology Inventory:

• Conduct a comprehensive inventory of your current technology assets, including hardware, software licenses and peripherals like monitors, printers, keyboards, etc.
• Identify outdated or underutilized equipment that can be upgraded or decommissioned.

2. Software Licensing And Subscriptions:

• Review all software licenses and subscriptions to ensure compliance.
• Identify any unused or redundant software and eliminate unnecessary expenses.

3. Cloud Services Optimization:

• Evaluate your usage of cloud services and consider optimizing resources based on actual needs.
• Monitor and adjust cloud service subscriptions to match fluctuating business demands.
• Evaluate security protocols for cloud-based services to ensure you’re not at risk of a data breach. This can be an expensive problem, so do not skip it.

4. Energy Efficiency:

• Implement energy-efficient practices, such as consolidating servers, using energy-efficient hardware and optimizing data center cooling.
• Consider virtualization to reduce the number of physical servers, saving both energy and hardware costs.

5. Remote Work Infrastructure:

• Optimize remote work capabilities to support flexible working arrangements. Inefficiency in this area will decrease productivity, inflate costs and increase cyber security risks.
• Invest in secure collaboration tools and virtual private network (VPN) solutions for remote access.

6. Data Storage Optimization:

• Assess data storage needs and implement data archiving strategies to free up primary storage. Are you saving documents you don’t need? Are there redundant files that should be removed?

• Consider cloud storage options for scalability and cost-effectiveness.

7. Network Performance:

• Regularly monitor and optimize network performance to ensure faster and more reliable data transfer, reduce downtime, enhance the user experience and support cost savings, ultimately contributing to the overall efficiency and success of your business operations.
• Implement quality of service (QoS) settings to prioritize critical applications and services.

8. IT Security Measures:

• Regularly update and patch software to address security vulnerabilities.
• Ensure that antivirus, anti-malware and other security solutions are up-to-date and active.
• Conduct regular security audits and employee training to prevent security breaches.

           
NOTE: This cyber security measures list barely scratches the surface. If you haven’t had a professional dig into your security solutions, this needs to be a priority. Data breaches are expensive and can shut a business down. Click here to book a call with our team.

9. IT Help Desk Efficiency:

• Implement or optimize an IT help desk system to streamline support requests.

• Use a faster, more efficient ticketing system to track and prioritize IT issues, improving response times and resolution rates.

10. Mobile Device Management (MDM):

• Implement MDM solutions to manage and secure mobile devices used by employees.
• Enforce policies that ensure data security on company-issued or BYOD (bring our own device) devices.

11. Vendor Management:

• Review vendor contracts and negotiate better terms or explore competitive options.
• Consolidate vendors where possible to simplify management and potentially reduce costs.

• Evaluate vendor cyber security practices to ensure your data is as secure as possible. If they are breached and your data is released, you’re still at fault.

12. Employee Training Programs:

• Provide ongoing training programs to enhance employees’ IT skills and awareness.
• Reduce support costs by empowering employees to troubleshoot common issues independently.

13. Energy-Efficient Hardware:

• Invest in energy-efficient hardware to reduce electricity costs and contribute to environmental sustainability.

• Consider upgrading to newer, more power-efficient devices when replacing outdated equipment.

14. Paperless Initiatives:

• Explore paperless solutions to reduce printing and document storage costs.
• Implement digital document management systems for greater efficiency and cost savings.

15. Telecommunications Optimization:

• Review telecom expenses and consider renegotiating contracts or exploring alternative providers.
• Utilize Voice over Internet Protocol (VoIP) for cost-effective and scalable communication solutions.

By systematically addressing these areas, business owners can enhance their IT infrastructure, drive productivity and achieve cost savings that contribute to overall profitability. Regularly revisiting and updating this checklist will help businesses stay agile in the ever-changing landscape of technology and business operations.

If you need help implementing the action steps on this list, our team is ready to help. Click here to book a FREE 10-Minute Discovery Call with our team, where we’ll discuss what your company needs and answer questions you might have or contact us at :

Beware Of Cybersquatters!

Have you ever searched for a specific website but landed on a completely different one after misspelling a letter or two in the URL? This deceptive tactic is known as cybersquatting. This practice not only jeopardizes the online presence of businesses and individuals but also poses a significant challenge in the ever-evolving landscape of cyber security. The scariest part is that you can be a victim of a cybersquatted domain and not even realize it.

Here’s what you need to know about this type of cybercrime:

What Is Cybersquatting?

Cybersquatting, also known as domain squatting, involves the malevolent act of registering a domain name that is confusingly similar to that of a legitimate entity, be it a business, organization or individual. The primary motive behind this maneuver is often financial gain, with cybersquatters aiming to exploit the recognition and success of well-known brands. However, the repercussions extend beyond monetary losses, as cybersquatting can stain the reputation of its victims.

Types Of Cybersquatting

There are many types of cybersquatting scams, but here are the most common ones that you need to be aware of.

1. Top-Level Domain (TLD) Exploitation:
   A TLD is the final element of a domain name, such as “.com,” “.co.uk” and “.org.” Because there are so many variations, it’s difficult for small to medium-sized businesses to register all of them for their brand, and it’s even more difficult for celebrities or famous individuals.

   Cybercriminals will register matching domains using different TLDs and either create offensive or inappropriate websites, requesting the original domain owner to pay them to take them down, or they will use these websites to gain customers’ trust and make them susceptible to phishing attacks.

2. Typosquatting: This form of cybersquatting involves intentionally registering misspelled domain names to capitalize on common typos, leading unsuspecting users to malicious sites.

   If you take Facebook.com, for example, here’s how a cybersquatter might buy their domains:

3. Faecbook.com

• Facebokk.com

• Faceboook.com

Typos are easy to make, so misspelled domains can generate a lot of traffic.

3. Look-Alike Cybersquatting: This form of cybersquatting involves creating domains with common words added to mislead customers, even if they aren’t confusingly similar at first glance.

Here are a few examples:

1. Original: Google.com
   Lookalike: G00gle.com
2. Original: Amazon.com
   Lookalike: amaz0n.com or amazon1.com
3. Original: Microsoft.com

Lookalike: Microsofty.com

Looking at these, you might not think they’d easily trick users, but they still do!

How To Avoid Being A Cybersquatting Victim

You can avoid being a cybersquatting victim by taking a proactive approach. Here are a few steps to take:

1. Register Your Trademark: To benefit from the full protection of the Anti-Cybersquatting Consumer Protection Act (ACPA) and Uniform Domain Name Dispute Resolution Policy (UDRP), it can be helpful to register your trademark early. These regulations will still apply if a cybercriminal registers a cybersquatting domain name and you have an unregistered trademark; however, you’ll need to prove you were using it for business before the domain was registered. Trademarks aren’t required, but they can make this easier.

2. Invest In Multiple Prominent TLDs: When you register your domain, also register it with the most popular TLDs, like .co and .org.
3. Be Cautious Of What Websites You Visit: When typing URLs into the address bar, double-check to make sure you’re going to the correct website.

   This applies to links you click too! Hover over links with your mouse to confirm that it is the correct link. For extra security, skip clicking links and type them into the search bar on your own.

Cybersquatting is only one method hackers use to cause chaos. Cybercriminals are constantly coming up with new ways to scam businesses and individuals alike. If you want to double down on security to make sure you and your company are protected from sneaky attackers, we can help.

We’ll conduct a FREE, no-obligation Security Risk Assessment where we’ll examine your network security solutions to identify if and where you’re vulnerable to an attack and help you create a plan of action to ensure you’re protected. Click here to book a 10-minute Discovery Call with our team to get started.

How IT Support CompaniesCharge For Their Services – Part 2 Of 2

Continuing on from our previous blog post, we’re answering one of the most common questions we get from new prospective clients: “What do you charge for your IT services?” In the last blog posted, we discussed the most common models – break-fix and managed IT. In this post, we’ll discuss the actual fees.

The price ranges provided are industry averages based on a recent IT industry survey conducted by a well-known and trusted independent consulting firm, Service Leadership, that collects, analyzes and reports on the financial metrics of IT services firms from around the country.

We are providing this information to give you a general idea of what most MSPs and IT services charge and to help you understand the VAST DIFFERENCES in service contracts that you must be aware of before signing on the dotted line. Please note that the actual price is not what’s most important but instead what you are getting for your money. There are a lot of ways “cheaper” IT firms hide the true cost of their fees, and the lowest bidder might actually end up costing you a lot more than you bargained for.

With that in mind, here are the fee ranges for IT services and IT support for small businesses in Miami, Florida:

Hourly Break-Fix Fees: Most IT services companies selling break-fix services charge between $150 and $250 per hour, with a one-hour minimum. In some cases, they will give you a discount on their hourly rates if you purchase and pay for a block of hours in advance.

As we discussed, this approach works best for microbusinesses that are not hosting or processing client data that is considered “sensitive,” such as health records, financial information like credit cards, Social Security numbers, etc., and that have very simple IT. This is definitely not the approach a growing business with five-plus employees would want to choose.

Project Fees: If you are getting an IT firm to quote you for a onetime project, the fees range widely based on the scope of work outlined and the complexity of the project. If you are hiring an IT consulting firm for a project, I suggest you demand the following:

• A detailed scope of work that specifies what “success” is. Make sure you document what your expectations are in performance, workflow, costs, security, access, etc. The more detailed you can be, the better. Clarifying your expectations up front will go a long way toward avoiding miscommunications and additional fees later on to give you what you REALLY wanted.
• A fixed budget and time frame for completion. Agreeing to this up front aligns both your agenda and the consultant’s. Be very wary of hourly estimates that allow the consulting firm to bill you for “unforeseen” circumstances. The bottom line is this: it is your IT consulting firm’s responsibility to be able to accurately assess your situation and quote a project based on their experience. You should not have to pick up the tab for a consultant underestimating a job or for their inefficiencies. A true professional knows how to take into consideration those contingencies and bill accordingly.

Managed IT Services: Most managed IT services firms will quote you a MONTHLY fee based on the number of devices, users and locations they need to maintain. The average fee per user (employee) ranges from $146.08 per month to $249.73 per month – and those fees are expected to rise due to constant inflation and a tight IT talent labor market.

Obviously, as with all services, you get what you pay for. “Operationally mature” MSPs typically charge more because they are far more disciplined and capable of delivering cyber security and compliance services than smaller, cheaper-priced MSPs.

They also include CIO (chief information officer) services and dedicated account management, have better financial controls (so they aren’t running so lean that they are in danger of closing their doors) and can afford to hire and keep knowledgeable, qualified techs vs. junior engineers or cheap, outsourced labor.

To be clear, I’m not suggesting you have to pay top dollar to get competent IT services, nor does paying “a lot of money” guarantee you’ll get accurate advice and responsive, customer-centric services. But if an MSP is charging on the low end of $146.08 per employee or less, you have to question what they are NOT providing or NOT including to make their services so cheap. Often they are simply not providing the quality of service you would expect and are leaving out critical security and backup services that you definitely want to have in place.

Are you done with ongoing IT problems, downtime and ineffective systems? Then it’s time you gave us a call and let us deliver the responsive, quality IT support you want with friendly, US-based techs who are both knowledgeable and easy to work with.

Schedule your free initial consultation with one of our senior advisors by calling us at 305-574-2169or going to https://virtualitmanagers.com/free-network-analysis-and-security-assessment/

On this call, we can discuss your unique situation and any concerns you have and, of course, answer any questions you have about our services and how we might be able to help you. We are also happy to provide you with a competitive bid.

How IT Support CompaniesCharge For Their Services – Part 1 Of 2

     Before you can accurately compare the fees, services and deliverables of one IT services company to that of another, you need to understand the two predominant pricing and service models most of these companies offer. Many companies offer a blend of the two, while others are strict about offering only one service plan. The two most popular are:

• Time And Materials (Hourly). In the industry, we call this “break-fix” services because the IT company is called to “fix” something when it “breaks” instead of doing regular maintenance and support. These services are typically priced by the hour. The price you pay will vary depending on the provider you choose and the complexity of the problem. Ransomware removal will require a more experienced and skillful tech vs. a simple printer problem.

  Under this model, you might be able to negotiate a discount based on buying a block of hours. The scope of work might range from simply resolving a specific problem (like fixing slow WiFi or resolving an e-mail problem) to encompassing a large project like a software upgrade, implementing cyberprotections or even an office move. Some companies will offer staff augmentation and placement under this model as well.

  Similar to this are value-added reseller services. VARs typically do IT projects for organizations that have internal IT departments. The term “value-added” reseller is based on the fact that they resell hardware (PCs, firewalls, servers, etc.) and software, along with the “value-added” services of installation, setup and configuration. VARs typically service larger organizations with internal IT departments. A trend that has been gaining ground over the last decade is that fewer VARs exist, as many have moved to the managed IT services model.

• Managed IT Services (MSP, or “Managed Services Provider”). This is a model where the IT services company, called an MSP, takes on the role of your fully outsourced IT department. In this model, they handle everything related to your IT “infrastructure.” That includes (but is not limited to) the following:
  • Troubleshooting IT problems (help desk support).
  • Setting up and supporting PCs, tablets, Macs and workstations for new and existing employees, both on-site and remote.
  • Installing and setting up applications such as Microsoft 365, Google Workspace, SharePoint, etc.
  • Setting up and managing the security of your network, devices and data to protect against hackers, ransomware and viruses.
  • Backing up your data and assisting in recovering it in the event of a disaster.
  • Providing a help desk and support team to assist employees with IT problems.
  • Setting up and supporting your phone system.
  • Monitoring and maintaining the overall health, speed, performance and security of your computer network on a daily basis.

In addition to managing your IT, a good MSP will provide you with an IT road map and budget for necessary projects to further secure your network and improve the stability and availability of critical applications, as well as ensure that your IT systems are compliant with various data protection laws (HIPAA, FTC Safeguards, PCI, etc.) and that your cyberprotections meet the standards on any cyber insurance plan that you have.

     The advantage of break-fix services is that you only pay for IT support when you need it, without being locked into a monthly or multiyear contract. If you’re not happy with the service you’re getting, you can change providers easily. If you’re a microbusiness with only a few employees, very simple IT needs where you don’t experience a lot of problems and don’t host or handle sensitive data (medical records, credit cards, Social Security numbers, etc.), break-fix might be the most cost-effective option for you.

     However, the downsides of break-fix services are many, particularly if you’re NOT a microbusiness and/or if you handle sensitive, “protected” data. The five big downsides are as follows:

1. Break-fix can be very expensive when you have multiple issues. Because you’re not a managed client, the IT company resolving your problem will likely take longer to troubleshoot and fix the issue than if they were regularly maintaining your network and therefore familiar with your environment AND had systems in place to recover files or prevent problems from escalating.
2. Paying hourly works entirely in your IT company’s favor, not yours. Under this model, the IT consultant can take the liberty of assigning a junior (lower-paid) technician to work on your problem who may take two to three times as long to resolve an issue that a more senior (and more expensive) technician may have resolved in a fraction of the time because there’s no incentive to fix your problems fast. In fact, they’re incentivized to drag it out as long as possible, given that they’re being paid by the hour.
3. You are more likely to have major issues. One of the main reasons businesses choose a managed services provider is to PREVENT major issues from happening. As Benjamin Franklin famously said, “An ounce of prevention is worth a pound of cure.”
4. You can’t budget for IT services and, as already explained, could end up paying more in the long run if you have to constantly call for urgent “emergency” support.
5. You won’t be a priority for the IT company. All IT firms prioritize their contract managed clients over break-fix clients. That means you get called back last and fit in when they have availability, so you could be down for days or weeks before they can address your problem.

     Are you done with ongoing IT problems, downtime and ineffective systems? Then it’s time you gave us a call and let us deliver the responsive, quality IT support you want with friendly, US-based techs who are both knowledgeable and easy to work with.

     Schedule your free initial consultation with one of our senior advisors by calling us at 305-574-2169 or going to https://virtualitmanagers.com/free-network-analysis-and-security-assessment/

      On this call we can discuss your unique situation and any concerns you have and, of course, answer any questions you have about our services and how we might be able to help you. We are also happy to provide you with a competitive bid.

Out With The Old: Debunking 5 Common Cybersecurity Myths To Get Ready For The New Year

In today’s hyperconnected world, cybersecurity is a critical concern for individuals and organizations alike. However, as the digital landscape evolves, so do the myths and misconceptions surrounding cybersecurity. If you want to be protected, you have to understand what the real threats are and how you could be unknowingly overlooking them every single day. In this article, we will debunk 5 common cybersecurity myths to help you stay informed and protected as you take your business into 2024.

Myth 1: “I’m too small to be a target.”

One of the most dangerous cybersecurity myths is the belief that cybercriminals only target large organizations. In reality, cyber-attacks do not discriminate by size. Small businesses, start-ups and individuals are as susceptible to cyberthreats as larger enterprises. Cybercriminals often target smaller entities precisely because they may lack robust cybersecurity measures, making them easier prey. To stay safe, everyone should prioritize cybersecurity, regardless of their size or scale.

Myth 2: “Antivirus software is enough.”

Antivirus software is an essential component of cybersecurity, but it is not a silver bullet. Many people mistakenly believe that installing antivirus software on their devices is sufficient to protect them from all cyberthreats. While antivirus software can help detect and prevent known malware, it cannot stand up against sophisticated attacks or social engineering tactics. To enhance your protection, combine antivirus software with other security measures, such as firewalls, regular software updates and user education.

Myth 3: “Strong passwords are invulnerable.”

A strong password is undoubtedly an integral part of cybersecurity, but it is not foolproof. Some believe that creating complex passwords guarantees their accounts’ safety. However, even strong passwords can be compromised through various means, including phishing attacks, keyloggers and data breaches. To bolster your security, enable multifactor authentication (MFA) whenever possible, which adds an additional layer of protection beyond your password.

Myth 4: “Cybersecurity is solely an IT department’s responsibility.”

Another common misconception is that cybersecurity is exclusively the responsibility of an organization’s IT department. While IT professionals are crucial in securing digital environments, cybersecurity is a group effort. Everyone within an organization, from employees to management, should be aware of cybersecurity best practices and adhere to them. In fact, human error is a leading cause of data breaches, so fostering a culture of cybersecurity awareness is essential.

Myth 5: “My data is safe in the cloud.”

With the increasing use of cloud services, some individuals believe that storing data in the cloud is inherently secure. However, the safety of your data in the cloud depends on various factors, including the provider’s security measures and your own practices. Cloud providers typically implement robust security, but users must still manage their data securely, including setting strong access controls, regularly updating passwords and encrypting sensitive information. It’s a shared responsibility.

Cybersecurity is something you must take seriously heading into the New Year. Cyberthreats continuously evolve, and believing in these misconceptions can leave individuals and organizations vulnerable to attacks. It’s essential to stay informed, maintain a proactive stance and invest in cybersecurity measures to protect your digital assets. Remember that cybersecurity is a collective effort and everyone has a role to play in ensuring online safety. By debunking these myths and embracing a holistic approach to cybersecurity, you can better protect your digital life and business.

To start off the New Year in a secure position, get a completely free, no-obligation security risk assessment from our team. We’ll review everything you have in place and give you a full report explaining where you’re vulnerable and what you need to do to fix it. Even if you already have an IT team supporting you, a second set of eyes never hurts when it comes to your security. Book a 10-minute call with our team here https://virtualitmanagers.com/free-network-analysis-and-security-assessment/

3 Silent Ways Hackers Install Ransomware

Cybercriminals are tricky! They can secretly install ransomware by…

1. Sending scam e-mails with bad links or infected attachments
2. Sneaking into your server through vulnerabilities and installing malware
3. Using infected websites to automatically install malicious software to your devices

Make sure you have someone you trust continuously monitoring your account to detect and remediate any issues like this.

📲Schedule a FREE 10-Minute Discovery Call to find out how we can do this for you – Click here or you can go to our website: https://virtualitmanagers.com/free-network-analysis-and-security-assessment/.

Be Careful What you Scan! QR Code Scams Increase by 51%

QR codes make it easy to access links on the go but they also make it easy for hackers to get you to access malicious links.

The scary part is, it’s still difficult to detect and mitigate the threats spread by this method!

Here are two tips to keep in mind:

👉 Be cautious about where you are and what you scan

👉 Do NOT scan QR codes from emails. Go to the site and look up the page.

Already scanned a bad code and need an assessment to find out if you’ve been compromised?

📲Book a 10-Minute Discovery Call to get started – click here or go to our website at https://virtualitmanagers.com/free-network-analysis-and-security-assessment/

TECH TIP

Browser extensions can perform hundreds of helpful functions, like blocking ads, organizing bookmarks and more!

However, hackers can use some extensions to get into your device.

They can use them to steal sensitive information, install spyware and integrate into your browser. 😳

Make sure you ONLY download extensions from reliable sources that review all apps for security risks, like the Google Web Store.

🛎️ Follow us for more tech tips to keep you secure!

For more information you can also go to our website at https://virtualitmanagers.com

New And Urgent Bank Account Fraud Alert

• Avoid links and attachments in any unsolicited e-mail. Simply previewing a document could infect your device, so never open or click on anything suspicious.
• To update your browser, simply close it and reopen. You don’t have to download an application to update it. Furthermore, the Google Play Store app will not ask you for an update, so don’t fall for any website alert or text stating you need to download an update.

But remember, bank fraud can manifest itself in several forms, including:

1. Phishing Scams: Cybercriminals send deceptive e-mails or messages, often impersonating trusted entities like banks or government agencies, to trick you or your employees into revealing sensitive information like login credentials. Sometimes these are facilitated by phone calls, so make sure your team is fully aware of this. The latest MGM hack happened when a hacker called the company’s IT department requesting a password reset.
2. Check Fraud: Criminals may forge or alter your business’s checks to siphon funds from your account, making it essential for you to secure your checkbook and be careful about sharing or e-mailing your account information. You might consider going checkless to cut down on the chances of your account being hacked.
3. Unauthorized Wire Transfers: Hackers may compromise your online banking credentials to initiate unauthorized transfers, diverting funds to their accounts.
4. Account Takeover: Criminals may gain control of your business’s online banking accounts by exploiting weak passwords, reused passwords, or security gaps, such as e-mailing your passwords to others or storing your bank password in your browser, allowing them to make unauthorized transactions.
5. Employee Fraud: Sometimes, even employees may engage in fraudulent activities, such as embezzlement or manipulating financial records.

To protect yourself, use strong, unique passwords for your online banking accounts and never store them in your browser. Also, update your passwords monthly with significant changes to them, using uppercase and lowercase, symbols and numbers that are at least 14 to 16 characters.

Second, always turn on multifactor authentication (MFA) so you’re notified if anyone tries to log into your accounts without your knowledge.

Third, set up alerts for large withdrawals. You can ask your bank to require a physical signature for wire transfers to protect you from someone taking money from your account without your signature.

Fourth, get fraud insurance that specifically covers employee and online theft, so you are protected in the event a cybercriminal steals money from your account.

And, as always, make sure you have strong cyber protections in place for ANY device that logs into a bank account or critical application. Far too many businesses think that if their data is “in the cloud,” they are safe. Remember, your bank account is “in the cloud,” and the bank likely has a secure portal, but that doesn’t mean YOU can’t be hacked.

If you want to ensure your organization is truly secure, click here to request a free Cyber Security Risk Assessment to see just how protected your organization is against known predators. If you haven’t had an independent third party conduct this audit in the last 6 months, you’re due.

It’s completely free and confidential, without obligation. Voice scams are just the latest in a tsunami of threats aimed at small business owners, with the most susceptible being the ones who never “check the locks” to ensure their current IT company is doing what they should.