Which businesses are most vulnerable to cyber attacks right now?

Which businesses are most vulnerable to cyber attacks right now?

It’s no secret that global cyber-attacks have risen in the last six months amid the COVID-19 situation. Manufacturing and retail industries have, to date, seen the most attacks; but almost every business in the world has been affected in some way.

Cloud security experts Mimecast recently examined the first 100 days of the crisis, focusing on the patterns of scams between January and March in the build-up of the pandemic. The report noted and 26% increase in opportunistic detections, with impersonations up 30%. In total, detections had increased by a third.

Vulnerable industries and key tactics

It’s important to prepare yourself and your business for the inevitable, but it can be difficult to tell when and how you are being targeted. Mimecast’s recent blog highlights how cybercriminals are targeting companies and workers that have shifted to remote working. Increasing the sophistication and using a variety of different methods seem to be the tactics of choice for attacker’s infiltrate and the most cause harm.

Industries such as manufacturing, retail and wholesale have been targeted heavily due to the near-normal continuation of operations during the height of the lockdown. The retail and manufacturing sectors account for nearly 20% of all the attacks in the first half of this year and are the most vulnerable industries right now. They’ve largely been victim to the ransomware attacks, similar to the attack on Honda in June. This ransomware is designed to block access to computers and software until a sum of money is paid.

Cybercriminals are also taking advantage of the rising number of remote workers, using phishing emails targeted at work accounts to gain access to information. These types of attacks usually involve an employee clicking a link and providing data to what they believe is a legitimate source.

How to secure yourself and your business

As far as phishing attacks go, they have never been more prominent that now. In order to drive down the number of successful attacks, companies must be willing to take steps to secure their businesses. Mimecast’s email security solution, focused on securing businesses using Microsoft 365 and other email software, protects against phishing attacks and other attack methods, including, malware, ransomware, and spam.

It offers:

  • Targeted attack protection

The cloud-based Secure Email Gateway protects accounts by preventing suspicious emails before they even enter an employee’s inbox.

  • Awareness training

Sometimes the most sophisticated attacks may make it through the gateway. Mimecast offers training for employees to help them identify threats and avoid human error breaches.

  • Brand exploit protection

The gateway defences help to protect organisations by finding and neutralising brand imitations on the web.

Where to start

It’s easier than you think to protect your business, regardless of your industry or business make-up. We can help you understand more about cyber security with some free advice and offer free trials so you can see how security solutions can work for you.