Remote work has become increasingly popular in recent times. It provides flexibility and convenience for employees. Additionally, telecommuting reduces office costs for employers. Many also cite productivity benefits due to fewer distractions.Research shows a 56% reduction in unproductive time when working at home vs. the office. But there are some drawbacks to working outside the office. It’s crucial to be aware of the cybersecurity risks that come with remote and hybrid work. Keeping an eye on device and network security isn’t as easy. About 63% of businesses have experienced a data breach due to remote employees.
This news doesn’t mean that you must risk security to enjoy remote working. You can strike a balance. Be aware of the cybersecurity concerns and address them to do this. Below, we’ll discuss some of the top cybersecurity risks associated with remote work. As well as provide practical tips on how employees and employers can address them.

Remote Work Risks & Mitigation

1. Weak Passwords and Lack of Multi-Factor Authentication

Using weak passwords puts accounts at risk of a breach. Also, reusing passwords across several accounts is a big cybersecurity risk. Remote workers often access company systems, databases, and sensitive information from various devices. To mitigate this risk, you should create strong and unique passwords for each account. Additionally, enable multi-factor authentication (MFA) whenever possible. This adds an extra layer of security by requiring a second form of verification. Employers can set up access management systems. These solutions help automate the authentication process. They can also deploy safeguards like contextual MFA.

2. Unsecured Wi-Fi Networks

Working remotely often means connecting to different Wi-Fi networks. Such as public hotspots or home networks that may not be adequately secured. These unsecured networks can expose your sensitive data to hackers. To protect company data, use a Virtual Private Network (VPN). Turn on the VPN when connecting to public or unsecured Wi-Fi networks. A VPN encrypts the internet traffic. This ensures that data remains secure even on untrusted networks.

3. Phishing Attacks

Phishing attacks remain a prevalent threat, and remote workers are particularly vulnerable. Attackers may send deceptive emails or messages. These messages trick users into revealing their login credentials or downloading malicious attachments. To defend against phishing attacks, be cautious when opening emails. Especially those from unknown sources. Avoid clicking on suspicious links. Verify the sender’s email address. Also, be wary of any requests for sensitive information. If in doubt, contact your IT support team to confirm the legitimacy of the communication.

4. Insecure Home Network Devices

Many remote workers use Internet of Things (IoT) devices. These include smart speakers, home security systems, and thermostats. These devices can introduce vulnerabilities to your home network if not properly secured. To address this risk, make sure to change the default passwords on your IoT devices. Also, keep them updated with the latest firmware. Consider creating a separate network for your IoT devices. A “guest” network can isolate them from your work devices and data. Employers can improve security for remote teams using an endpoint device manager. Such as Microsoft Intune, or similar. These devices make it easier to manage security across many employee devices.

5. Lack of Security Updates

Regularly updating your devices and software is crucial for maintaining strong cybersecurity. Remote workers may neglect these updates due to busy schedules or limited awareness. Cybercriminals often exploit vulnerabilities in outdated software to gain unauthorized access to systems. To mitigate this risk, enable automatic updates on devices and software whenever possible. Regularly check for updates. Install them promptly to ensure you have the latest security patches.

6. Data Backup and Recovery

Remote workers generate and handle a significant amount of data. The loss or corruption of this data can be devastating. Implementing a robust data backup and recovery plan is essential. Back up your important files to a secure cloud storage service or an external hard drive. This ensures that if a hacker compromises a device, your data remains safe and can be easily restored.

7. Insufficient Employee Training

Remote workers should receive proper cybersecurity training. It helps them to understand security risks and best practices. Unfortunately, many companies neglect this aspect of cybersecurity. This leaves employees unaware of the potential threats they may encounter. Organizations must provide comprehensive cybersecurity training to remote workers. This training should cover topics such as:
• Identifying phishing emails
• Creating strong passwords
• Recognizing suspicious online behavior
• New forms of phishing (such as SMS-based “smishing”)

Get Help Improving Remote Team Cybersecurity

Remote work offers many benefits. But it’s important to remain vigilant about the associated cybersecurity risks. Address these risks head-on and put in place the suggested measures. If you’d like some help, just let us know. Give us a call today to schedule a chat.

Article used with permission from The Technology Press.

Newsletter-August-2023

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As cyber threats continue to increase, businesses must take proactive steps. They need to protect their sensitive data and assets from cybercriminals. Threats to data security are persistent and they come from many different places.  

Today’s offices are digitally sophisticated. Just about every activity relies on some type of technology and data sharing. Hackers can breach these systems from several entry points. This includes computers, smartphones, cloud applications, and network infrastructure.

It’s estimated that cybercriminals can penetrate 93% of company networks.

One approach that can help organizations fight these intrusions is threat modeling. Threat modeling is a process used in cybersecurity. It involves identifying potential threats and vulnerabilities to an organization’s assets and systems.

Threat modeling helps businesses prioritize their risk management and mitigation strategies. The goal is to mitigate the risk of falling victim to a costly cyber incident.

Here are the steps businesses can follow to conduct a threat model.

Identify Assets That Need Protection

The first step is to identify assets that are most critical to the business. This includes sensitive data, intellectual property, or financial information. What is it that cybercriminals will be going after?

Don’t forget to include phishing-related assets. Such as company email accounts. Business email compromise is a fast-growing attack. It capitalizes on breached company email logins.

Identify Potential Threats

The next step is to identify potential threats to these assets. Some common threats could be cyber-attacks such as phishing. Others would be ransomware, malware, or social engineering.

Another category of threats could be physical breaches or insider threats. This is where employees or vendors have access to sensitive information.

Remember, threats aren’t always malicious. Human error causes approximately 88% of data breaches. So, ensure you’re aware of mistake-related threats, such as:

• The use of weak passwords
• Unclear cloud use policies
• Lack of employee training
• Poor or non-existent BYOD policies

Assess Likelihood and Impact

Once you’ve identified potential threats, take the next step. This is to assess the likelihood and impact of these threats. Businesses must understand how likely each threat is to occur. As well as the potential impact on their operations, reputation, and financial stability. This will help rank the risk management and mitigation strategies.

Base the threat likelihood on current cybersecurity statistics. As well as a thorough vulnerability assessment. It’s best this assessment is by a trusted 3rd party IT service provider. If you’re doing your assessment with only internal input, you’re bound to miss something.

Prioritize Risk Management Strategies

Prioritize risk management strategies next. Base this on the likelihood and impact of each potential threat. Most businesses can’t tackle everything at once due to time and cost constraints. So, it’s important to rank solutions based on the biggest impact on cybersecurity.

Some common strategies to consider include implementing:

• Access controls
• Firewalls
• Intrusion detection systems
• Employee training and awareness programs
• Endpoint device management

Businesses must also determine which strategies are most cost-effective. They should also align with their business goals.

Continuously Review and Update the Model

Threat modeling is not a one-time process. Cyber threats are constantly evolving. Businesses must continuously review and update their threat models. This will help ensure that their security measures are effective. As well as aligned with their business objectives.

Benefits of Threat Modeling for Businesses

Threat modeling is an essential process for businesses to reduce their cybersecurity risk. Identifying potential threats and vulnerabilities to their assets and systems is important. It helps them rank risk management strategies. As well as reduce the likelihood and impact of cyber incidents.

Here are just a few of the benefits of adding threat modeling to a cybersecurity strategy.

Improved Understanding of Threats and Vulnerabilities

Threat modeling can help businesses gain a better understanding of specific threats. It also uncovers vulnerabilities that could impact their assets. It identifies gaps in their security measures and helps uncover risk management strategies.

Ongoing threat modeling can also help companies stay out in front of new threats. Artificial intelligence is birthing new types of cyber threats every day. Companies that are complacent can fall victim to new attacks.

Cost-effective Risk Management

Addressing risk management based on the likelihood and impact of threats reduces costs. It can optimize company security investments. This will help ensure that businesses divide resources effectively and efficiently.

Business Alignment

Threat modeling can help ensure that security measures align with the business objectives. This can reduce the potential impact of security measures on business operations. It also helps coordinate security, goals, and operations.

Reduced Risk of Cyber Incidents

By implementing targeted risk management strategies, businesses can reduce risk. This includes the likelihood and impact of cybersecurity incidents. This will help to protect their assets. It also reduces the negative consequences of a security breach.

Get Started with Comprehensive Threat Identification

Wondering how to get started with a threat assessment? Our experts can help you put in place a comprehensive threat modeling program. Give us a call today to schedule a discussion.

Article used with permission from The Technology Press.

Newsletter-July-2023

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