Building a human wall: Strengthening cybersecurity
By Allen Blount | National Cyber & Technology Product Leader | Risk Strategy Originally posted by Risk Strategies Cyber threats continue to escalate. IBM reports that cyberattacks using stolen or compromised credentials increased 71% year-over-year in 2023, and 32% of cyber incidents involved data theft and leakage. This shows that people are turning to stealing and selling data instead of encrypting it for ransom. The human factor is often the weakest link in cybersecurity risk management. Creating a "human firewall" can significantly enhance your business's ability to defend against these threats. To better understand this concept, let's explore the human factor that plays a key role. The human factor in cybersecurity Research from Stanford University and Tessian shows that human error accounts for more than 80% of cyber incidents. Common human errors include: Social Engineering: Criminals trick employees into revealing confidential information. Click on the malicious link: These links, which often appear in phishing emails, can expose your systems to…
Protect your business from deepfake threats
By Allen Blount | National Cyber & Technology Product Leader | Risk Strategy Originally Posted by Risk Strategy Deepfake technology blurs the line between reality and fiction. While deepfakes are sometimes used for entertainment purposes or as a novelty, they can be a dangerous tool for cybercriminals and can be used for scams, blackmail, and disinformation. Learn more about this threat so you can proactively prepare and protect your business. What are deepfakes? Deepfakes use artificial intelligence and machine learning algorithms to manipulate audio and video to convincingly replicate a person’s voice, image, expressions, and movements. This ability to forge another person’s likeness makes deepfakes a powerful tool for spreading false information, stealing data and money, and damaging reputations. Business Impact The threat posed by deepfakes goes far beyond personal privacy. They put companies at risk for financial fraud, reputational damage, and loss of public trust. For example, a finance officer was tricked into transferring $25 million to scammers who…
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