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Internal and external threats can compromise your business's security. Learn how to spot red flags, prevent phishing attacks, and strengthen your IT defenses.
Cybersecurity is no longer just about protecting against external attacks. Your business could also face significant risks from within — whether through employee negligence, unauthorized access, or intentional sabotage.
Additionally, phishing attacks are becoming increasingly sophisticated, making it harder to spot the difference between legitimate communication and a scam.
Let’s explore the most common internal threats, the increasing sophistication of phishing attacks, and the proactive steps you can take to protect your business. By identifying early warning signs and strengthening your IT defenses, you can stay ahead of potential security breaches.
There are various types of insider threats, each with its own risks. Here are some of the most common threats:
Data theft happens when an employee or someone in your organization downloads or leaks sensitive data for personal gain or malicious purposes. Physically stealing company devices containing privileged information or digitally copying them are both considered data theft.
Sabotage occurs when a disgruntled employee, an activist, or somebody working for your competitor deliberately damages or disrupts your organization by deleting important files, infecting its devices, or locking your business out of crucial systems by changing passwords.
Unauthorized access is a security breach when malicious actors, such as hackers or disgruntled employees, gain access to business-critical information. However, individuals can mistakenly access sensitive data unknowingly, too.
Both negligence and error lead to insider threats that can pose a security risk. While errors can be reduced through training, dealing with negligence requires a stricter level of enforcement.
Think of credential sharing as handing over the keys to your house to a friend. You can’t predict what they will do with it. Sharing your confidential password with colleagues or friends creates many possibilities, including an increased risk of exposing your business to a cyberattack.
“Credential sharing is one of the most common and unintended threats. Businesses think they’re gaining efficiency but are actually unknowingly increasing their threat surface."
“Credential sharing is one of the most common and unintended threats,” said Matt Cooke, Director of IT Operations at Clearview Group. “Businesses think they’re gaining efficiency but are actually unknowingly increasing their threat surface. We help clients analyze purpose and goals, then align a solution with IT best practices.”
While internal threats are a significant concern, external attacks, especially phishing scams, present an equally dangerous threat that directly targets your employees. These attacks often capitalize on human error and can easily bypass even the most advanced internal defenses.
Let's explore how phishing attacks target organizations.
Modern phishing attacks have become highly complicated, making them difficult to detect. Cybercriminals now use advanced techniques, like AI, to create emails, websites, and messages that closely mimic legitimate communications from trusted sources.
Most phishing attempts today look authentic, using logos, branding, and language that resemble reputable companies or people. This level of deception means that even well-trained individuals can fall victim to cleverly disguised phishing attempts.
Phishing scams come in various forms, each exploiting different vulnerabilities. The most common types of phishing scams are:
Email phishing is the most common type of phishing. In this type of phishing, cybercriminals send emails that appear to be from legitimate sources, such as banks or well-known companies. These emails often contain links to fake websites, which they use to steal sensitive information.
“We worked with a client who fell victim to an email phishing scam. The email appeared to be from a trusted source when, in fact, it contained a link to a fake website that looked identical to the legitimate one. The client entered their login credentials, which the scammers then stole,” said Cooke.
“Our team at Clearview took immediate action, updating their account security, educating the client, and providing ongoing support. By taking these steps, we were able to help the client recover from the phishing scam and improve their overall security posture.”
“Our team at Clearview took immediate action, updating their account security, educating the client, and providing ongoing support. By taking these steps, we were able to help the client recover from the phishing scam and improve their overall security posture.”
Spear phishing targets specific individuals or organizations. Attackers gather information about their targets to create personalized and convincing messages, making it particularly dangerous since it can bypass traditional security measures.
Whaling is a type of spear phishing that targets high-profile individuals like CEOs or executives. The goal is to trick these individuals into revealing sensitive information or authorizing financial transactions.
Smishing is a social engineering attack that involves sending phishing messages via SMS or text. These messages often contain links to malicious websites or ask recipients to call a phone number, prompting them to provide personal information.
Vishing involves phone calls from attackers posing as legitimate entities, like banks or tech support, asking for sensitive information over the phone.
During a clone phishing attack, attackers duplicate a legitimate email you’ve previously received, replacing links or attachments with malicious ones. This tactic exploits trust, making it hard to differentiate fake email from genuine communication.
Cybercriminals use QR codes to direct victims to malicious websites. These codes often appear on flyers, posters, or email attachments. When scanned, the QR codes take you to a phishing site.
Now that we've explored internal and external threats, it's vital to recognize early warning signs within your organization. Spotting red flags before they escalate can make all the difference in preventing a costly security breach.
Here are some of the signs your business needs to keep an eye out for:
By identifying these red flags, your team can prevent small issues from becoming larger security threats. Awareness is critical to protecting your organization.
Having recognized the dangers posed by internal red flags and phishing attacks, it’s time to fortify your defenses. Building a strong IT security framework is essential to minimizing risks and safeguarding sensitive data.
To safeguard your business and improve your defenses, follow these steps:
Strengthening your IT defenses is an ongoing process. With the right strategies, you can avoid threats and safeguard your business from future risks.
However, protecting your business from cyber threats can feel overwhelming, especially if you have to do it alone – that’s why you need an experienced partner. An IT service provider can help you implement comprehensive security measures. Let’s safeguard your business from the inside out.
We are a full-service management consulting and CPA firm covering all aspects of audit, compliance, risk management, accounting, finance, tax, IT risk, and more. Just let us know what you need help with and an expert will be in touch!
Request Your ConsultationClearview Group is an award-winning, dynamic management consulting and CPA firm offering services that are flexible and scalable to meet the specific needs of our clients of all sizes and industries. Committed to providing real solutions that offer practical and efficient improvements to processes, procedures and operations, Clearview Group delivers exemplary client services normally associated with national firms, but with the hands-on, personalized feel of a local firm.
11155 Red Run Boulevard, Suite 410
Owings Mills, MD 21117
410-415-9700