Home

About Us

IT Services

Understanding IT

News & Events

Blog

Support

Contact Us

Blog
  • Register

Capstone Works Blog

Capstone Works, Inc. has been serving the Cedar Park area since 2001, providing IT Support such as technical helpdesk support, computer support, and consulting to small and medium-sized businesses.

New 2023 Cybercrime Trends that Austin Businesses Need to Prepare For

New 2023 Cybercrime Trends that Austin Businesses Need to Prepare For

The last few years have seen an unsettling jump in cybercrime rates, with more businesses struck by various attacks, ransomware, and data breaches. Phishing attacks against end users haven’t slowed down, either—in fact, they’ve become effective enough that even the pros can be tricked. Let’s consider some of the cybercrime trends we anticipate to see in 2023.

Cybercriminals Will Target Your Users to Get to Your Business

With the pandemic sending so many people out of the office to work, cybercriminals have seized their chance to put them in their cross-hairs. The stress and pressure of the time gave them the opportunity to take advantage of people, who were almost certainly too preoccupied with other matters to put much thought into the threats they faced—or used that stress to manipulate their targets that much more effectively.

Many attackers will also craft emails that appear to come from cloud services, like those provided by Google and Microsoft, in an effort to fool users into handing over sensitive data or downloading malware.

Furthermore, many businesses are still operating through hybrid or even fully remote operations, which has done nothing to stop these kinds of cybercriminal activities… not that phishing is rare in the office, either. Phishing is a very effective means that cybercriminals have to bypass a business’ protections, simply by manipulating that business’ employees.

Therefore, in addition to critical network security tools being implemented, you need to ensure that your team is trained to spot and deal with these threats appropriately. We can assist in this regard, with training programs designed to instill proper security practices in even the least engaged employees.

Ransomware Won’t Stop… Why Would It?

Cybercrime is essentially a business these days, which means that cybercriminals are always going to try and maximize their return on investment. Because of this, cyberattacks are always being improved upon, every cliched rich-uncle phishing attack having numerous far-more-effective attacks coming with it.

As a refresher, ransomware works by infecting a computing system and encrypting any file it can access, locking away all this data and demanding a ransom for it to be unlocked, typically in Bitcoin to the tune of hundreds to hundreds of thousands of dollars. Not that paying the ransom will necessarily help—not only does the criminal have little to no incentive to return access to your data, they can also do a lot more damage, too. Ransomware can not only overtake entire networks, it can spread through email, too. Plus, many cybercriminals will steal a copy of their targets’ data before it's locked away to sell or leak later on.

Many businesses haven’t taken the precautions to avoid these types of attacks, which could easily become an expensive mistake—for reasons that go beyond just the ransom itself.

The real costs come from the downtime that ransomware creates, and the public relations legwork that follows these attacks. Firstly, ransomware, by its very nature, prevents productivity. While some of your employees might be able to accomplish some things without technology, modern work processes are going to be significantly stagnated. Secondly, if any customer data is involved, you need to communicate with everyone who may have been affected (and even that could very well not save your reputation).

Globally, the first half of 2022 saw over 236 million ransomware attacks—a number that continues the rise of the past few years.

At the end of the day, preventing ransomware will require two things: active and modernized IT security, as well as user training.

Even the Cloud Isn’t Safe

It’s common for small businesses to skip the expensive in-house infrastructure in favor of leaning on cloud services, like Google Workspace or Microsoft 365. Actually, most organizations utilize cloud computing to some degree, consciously or not. If your data, or an application you use, is stored online, you use the cloud.

The cloud has become more prominent in business computing since it began, and why wouldn’t it? It’s cheaper—broadly speaking—and gives your users more tools to utilize, and is frequently more secure thanks to the budgets that cloud vendors have to invest in security.

This is not to say, of course, that you can blindly trust any cloud service to be risk-free. Any business can be breached, although it is rarer in large corporations.

While to our knowledge, services like Microsoft OneDrive and Google Drive haven’t faced a major data breach, it could happen. After all, with millions of daily users for each of these services, there are plenty of potential victims to target.

Plus, a flubbed or mismanaged implementation of any cloud service could very well leave a business vulnerable. Basically, without the right security and authentication measures in place, your data isn’t going to be sufficiently protected.

Complete Cybersecurity Coverage for Your Business Isn’t a Luxury, It’s a Necessity.

While cybersecurity has grown increasingly complicated, that hasn’t left it inaccessible to small businesses. We can assist Central Texas businesses to secure their operations, while also improving their processes. Find out what we can do for you by giving us a call at (512) 343-8891.

What to Do When Your Business Insurance Starts Req...
Struck By Winter Storms? Here’s an IT Checklist to...
Comment for this post has been locked by admin.
 

Comments

No comments made yet. Be the first to submit a comment
Guest
Already Registered? Login Here
Guest
Friday, February 23, 2024

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

365 features Network Security Password comprehensive IT Business Continuity January 28 Remote Work Microsoft Teams New Year Cloud Computing hackers Compliance Two-Factor Authentication Managed Service Backup Cloud Communications Saving Money high-threat environment BDR password protection Email Malware Delightful web application Mobile Office Saving money accounts need Microsoft Office Cloud services HIPAA EMR Data Recovery Managed IT Workplace Strategies Co-managed IT Remote Business continuity right time Data Architect IT Cyberattack IT Services Technology Communication Clutch business Computer Disaster Planning devices business owners Health Tip of the Week Best Practices Hosted Solutions Security UPS Servers Vendor 2FA Social Media AWS Workplace Strategy surge protection Productivity AutoCAD VoIP Marketing Current Events SCAMS Content Filtering phishing media accounts application employees download Business Cybersecurity Privacy Gadgets smart devices Break/fit business continuity Outsourced IT IT support Engineering Network Innovation spam IoT Apple Passwords today sports teams Shadow Hardware Managed Services Small Business Recovery Microsoft cybersecurity Server Microsoft Office 365 employees Data Privacy Day Efficiency Tech Support best practices Disaster Recovery Quick Tips Workplace Tips File Folder Cloud computing Common password content Broadband COVID-19 Passwords Ransomware IT Support AI cybersecurity tools cloud managed IT Software Internet Users User Tips Remote Workers

Latest News & Events

Capstone Works is proud to announce the launch of our new website at https://www.capstoneworks.com. The goal of the new website is to make it easier for our existing clients to submit and manage support requests, and provide more information about our ser...

Contact Us

Learn more about what Capstone Works can do for your business.

Call Us Today
Call us today
(512) 882-2242

715 Discovery Blvd
Suite 511

Cedar Park, Texas 78613