How to Cybersecure your business during COVID 19?

As the world continues to deal with the economic and operational challenges from the global COVID-19 pandemic, cybercriminals are pivoting their online criminal methods to take advantage of the COVID-19 pandemic.

Since COVID 19, Ecommerce has gone ‘Gangbusters’ – selling online has been growing tremendously. Unfortunately, so have the cyberattacks especially whilst staff is working from home.

On average each month, the Australian Cyber Security Centre (ACSC) receives about 4,400 cybercrime reports through ReportCyber and responds to 168 cyber security incidents.

Malicious cyber actors are actively targeting individuals and Australian organisations with COVID-19 related scams and phishing emails. These incidents are likely to increase in frequency and severity over the coming weeks and months. This is due, in part, to the ease in which existing scam emails and texts can be modified with a COVID-19 theme.

Opportunistic malicious actors are exploiting people’s concerns and desire for information about the COVID-19 pandemic by directing them towards websites designed to either install malicious software or steal personal information. In the last few weeks, the Australian Cyber Security Centre (ACSC) has observed thousands of COVID-19-related websites being registered. While the majority of these websites are legitimate, many are being created by malicious cyber actors seeking to exploit Australians during this difficult time.

As a proud partner of the government’s #StaySmartOnline initiative, DAS Insure provides a range of Cyber 101 awareness workshops. In the pursuit of the same, a webinar was delivered by Babette Bottin, founder of DAS INSURE. Reflecting upon the need of being extra careful and conscious of approaching your work online from home during COVID-19. Babette shared five tips which are as follows:

  • Beware of scams or what we call as online frauds using emails, text messages, viruses as attachments, links shared on social media sites, bank account passwords, credit card details, etc. Exercise vigilance to protect yourself from such frauds.
  • Make your passwords unique and strong for all digital devices like smartphones, laptops or tablets. Don’t use birth dates, wedding/anniversary date as your password. Instead, use long phrases like, ‘I like pizza every single day’, or ‘ I want to the best soccer player’ so on so forth. however, there is a catch if long passwords are allowed. Be smart in creating passwords for the best security.
  • Multi-factor authentication. This is very common to prevent unauthorised access to your personal digital devices. you can use a combination of techniques like the answer to a personal question, unique identification number of a physical possession like your credit card number, or something that inherently belongs to you like your fingerprint or retina pattern. This multi-layer security makes it difficult for hackers to breach.
  • Do not cancel or procrastinate hardware or software updates. Typically, they improve the efficiency and security of your system. Install and update your security software as and when it expires.
  • Automatic data backup: either automatic data backup or use a hard drive to have a complete record of company data or information. onsite or offsite, you must have a data back up to counterattack a crisis like a system hack.

Review and assess your business’s cybersecurity health, every now and then.

Click on the link to watch the complete webinar.

Don’t hesitate to get in touch if you would like to learn more about how to get your team up to date on cyber safety and learn about various cyber risk management insurance policies to manage a cyber security breach.

Could cyber insurance be right for your small business?

Did you know Cyber Insurance for small business covers scams and phishing attacks even when working from home?

Feel free to give us a call at +61 2 8335 0858 to discuss how we can help you to secure your business against the cyber crooks. Follow Babette directly on LinkedIn to stay connected and get the latest tips on cybersecurity.