Organizations are under constant threat of cybercrime. While there are many available attack vectors, email is the most obvious path towards a full network compromise. The notion that email security should be prioritized is emphasized during this time where more and more businesses are still working in a remote or hybrid dynamic environment.

According to Gartner, continued increases in the volume and success of phishing attacks and migration to cloud email require a reevaluation of email security controls and processes. As a result, security and risk management leaders must ensure that their existing security solutions remain appropriate for the changing landscape.

The two prior years saw massive changes in the way businesses function, as we were forced to lean on cloud security in a complicated work environment. Not much is certain in this work-from-home world, so it’s important to analyze the previous trends among attackers and have a plan as their tactics evolve. From supply chain attacks to an increase in phishing scam campaigns against financial services organizations, here are some predictions of what we are likely to face in 2022.

Ransomware Reigns Supreme as the Preferred Cybercrime

Ransomware is a type of malware that encrypts a company’s files, rendering the content unusable unless and until a sum of money is paid to the criminals. Ransomware attacks are often perpetrated by gaining access to account credentials through a malicious link, attachment, or some other form of social engineering tactic. We should expect to see these attacks continue, especially as small businesses experience a shortage of cybersecurity resources and expertise that leaves them unprepared to repel a ransomware attack.

In a press release from the Identity Theft Resource Center (ITRC), it was stated that ransomware attacks were one of the top two attack vectors, accounting for a majority of the (Read more...)