Good practice last year isn’t good enough anymore.
Even cyber-insurance providers are getting more selective before accepting cover, or worse, before paying claims.
With the number of claims skyrocketing insurers are increasingly asking, “What did you do to protect yourself from the obvious and known risk from cyberhackers?”
The levels of protection you put in place 1 or 2 years ago probably aren’t adequate for the threats today. They are evolving so rapidly.
So what can you do?
Hackers aren’t waiting for you to make a decision to put protections in place.
They are spending every waking moment trying to find new ways of stealing your data. They have set themselves up as businesses to do evil. They hire the best and brightest talent, and have the latest tech – simply because it’s worth it. Its organised crime and these guys are the mafia of the modern age.
We see continuous hacks on most of our clients. These are attempts to penetrate their firewalls, or guess their passwords on Office 365. We see fake webpages through phishing attempts, and we see techniques to harvest password reset questions by asking for favourite teachers, or first cars, or favourite band on platforms like FaceBook.
That’s why your cyber-insurance and business continuity insurance providers will be starting to ask more demanding questions when you renew your cover. They are well aware of the risk and they want to know that you have taken all reasonable steps.
You need to be able to reassure them that you have:
- deep endpoint protection
- a penetration and vulnerability assessment
- data governance that is fit for purpose
- awareness programmes for all users and verification
- dark web monitoring
- multi-factor authentication and complex passwords
and so much more – the very items we have included in our KARE for Security services.
The question for you, and your insurer, is what level of protection is appropriate for your organisation so your insurer will cover you if you need to claim? That is why we have two levels of cyber-protection, and, because this isn’t static, it is why we keep investing and researching additional tools to help defend you from harm.
The Hackers are turning up their attacks on you – are you turning up your defences to match?
One quote we saw recently that rang true was:
“A cybercriminal only has to be lucky once, while a defender has to be lucky every minute of every day.”
What’s your next step? We’ve created a simple 9-point checklist to help you navigate the cyber-risk landscape and find the right solution for you.
GOOD PROCESS WASN’T GOOD ENOUGH – SCAMMERS STILL WON
In August we all heard about Team NZ falling prey to a $2.8 million invoice payment fraud. It was the now-familiar story of a fake or hacked email, asking for payment to go to a different bank account. We should all be familiar with these tales by now. I’m sure that...
What is Double Key Encryption and why should you care?
Double Key Encryption (DKE) is coming soon to Microsoft 365 (E5 plans required) Like the name suggests, this is even MORE secure than the levels of encryption previously seen. Microsoft are saying that you need it if: You want to ensure that only you can ever decrypt...
How does a ransomware attack start?
When you read about the ransomware attacks, such as those on Honda, Garmin, Toll, Fisher and Paykel and Lion, it’s easy to think these attacks only target large enterprises. Unfortunately, that would be a mistaken view. The reality is that all businesses are under...
International eSecurity Compliance
It feels it's like a daily occurrence for one of our clients to be asking for assistance with a security compliance questionnaire from their client. Most of these are being driven by corporates with international footprints. This becomes complex as each jurisdiction...
3,102 reported cyber-security incidents in NZ for first half 2020.
The numbers are staggering. We always get a few clients saying "My organisation is too small, cyber-criminals won't attack us". We can state with absolute certainty that this is a fallacy. Cyber Criminals are targeting every sized organisation Remember that not...
Is “Deathstalker” coming for you?
Cyber-Crime is big business. The criminals are organised and sophisticated. Imagine if they put their ingenuity to things that are good? But alas, that's not reality. Instead we have to brace ourselves to deal with another wave of crime. Deathstalker is a such a...
Privacy Act 2020 – Are you ready for Dec 1st?
Parliament recently passed the new Privacy Act, which comes into effect on 1 December 2020. This introduces stricter measures around the storing, sharing and breach of personal information and gives the Privacy Commissioner more powers. Every organisation should have...
Is Cyber Security important at work? What about Working from Home (WFH)?
The best way that security can be managed when Working From Home (WFH) is to ensure the WFH devices are known to be patched, have AV, and are monitored. There is always going to be a risk if the device is not monitored as you won’t know what the patch/AV status is,...
Webinar : Protect your business from cyber attacks
Since Covid-19, there has been a surge in ransomware and cyber-attacks in New Zealand. For almost 25 years, Kinetics has specialised in providing comprehensive cyber security solutions and staff training to a broad cross section of the business community. Learn...