This week’s blog is about Enterprise Security Threats; as enterprise organizations adopt new technologies for their business, they also expand their digital attack surface and introduce additional network vulnerabilities that attackers can exploit. For this reason, cybersecurity has quickly become a key consideration for enterprises looking to cover all of their bases.
Through this blog, we aim to make our readers aware of Enterprise level Cyber Threats and how they can affect the whole industry. Cyber threats like Phishing, Ransomware, Unsecured devices and Networks can lead to a major threat to the company.
Ambimat Electronics, with its experience of over forty years, desires to draw the attention of its readers and potential customers towards this blog post about their new product called AmbiSecure key and how it will benefit us.
Are today’s Enterprises Cyber Threats Ready?
We can’t stress enough how cyber threats will rise in the coming years. The recent COVID-19 pandemic has opened doors to many cybercriminals to target enterprises to acquire confidential data. Organizations have begun adapting to the recent changes and are allowing employees to work remotely from home. However, this adaptation has allowed cybercriminals to secretly hack employees to reveal confidential information. Many companies have reported that providing security to their remote workforce is becoming a challenge. So is your company ready to face such a threat?
Let us have a look at some of the cyber threat challenges that your organization may face.
• Remote Workforce Under Attack through Phishing
This perhaps is one of the biggest challenges that any enterprise needs to overcome. Organizations must find better ways to bridge any security loopholes attacking remote workers using a third-party platform such as Microsoft Teams or Zoom needed to work remotely. These applications are vulnerable to cyber-attacks leading to loss of credentials and confidential data.
• Birth of New Ransomware Threats to Organization and Enterprise
A newer version of ransomware is fast emerging. Long gone are those days where cybercriminals only locked your computer to extort money. Nowadays, they have moved to a new technique that involves stealing confidential or private information such as new product blueprints, budget information, and manufacturing data and then threatening to leak them over the internet. This type of attack strategy has maximized monetary gains for many cybercriminals.
• Attack on Unsecured Networks
Remote workers sometimes work over an unsecured network. This becomes another breeding ground for cybercriminals. if they log on to an unsecured network without the need for authentication, they are prone to having their data compromised which may include some very important company information. Cybercriminals can create a bogus network for them to access thus uploading malware, stealing their credentials. An unsecured network is also an invitation to Man-In-The-Middle, a cybercriminal with the ability to come between you and the network and manipulate information according to his/her whims.
The ultimate goal of such cyber attacks is to steal credentials relating to an account to access information. Is there a way to stop? Definitely. Some companies and enterprises have already begun to implement secured authentication protocols for their remote workers to access company data and applications. Some of these include Two-Factor Authentication and a Multi-factor authentication process.
Two-Factor Authentication: This is an excellent method of combating phishing attacks faced by an organization and its employees. It works as a protective layer over your current credential that is a username and password and cannot be compromised easily. Even if you think that your credentials have been stolen your data is completely safe, as it requires this U2F authentication.
MFA( Multi-factor Authentication): As the name implies, MFA is a security protocol that requires more than one way to authenticate users. This type of authenticating process is a boon for an enterprise and its remote workforce employees. It secures both the device and access to company applications. Moreover, with several options for authentication available, you can set it to work with the one that fits you best.
Yes, the present pandemic may have given rise to cybercriminals targeting enterprises. However, it will remain even after the current situation improves. Worse, they may have new sophisticated methods to attack you. Hence, this calls for a stronger and safer work environment. So are you ready to create and protect yours?
Going beyond passwords
FIDO2 is a standard that simplifies and secures user authentication. It uses public-key cryptography to protect from phishing attacks and is the only phishing-proof factor available. Corporations around the world and across many sectors can benefit from Fast Identity Online or Fast ID Online (FIDO) authentication, which their employees and users can use to minimize security risks and improve the user experience. We use FIDO for our AmbiSecure key and card which offers superior security by combining hardware-based authentication and public key cryptography to effectively defend against phishing attacks and eliminate account takeovers.
AmbiSecure helps organizations accelerate to a password-less future by providing support for the FIDO2 protocol. FIDO2 supports not only today’s two-factor authentication but also paves the way for eliminating weak password authentication, with strong single-factor hardware-based authentication. The AmbiSecure provides a simple and intuitive authentication experience that users find easy to use, ensuring rapid adoption and organizational security. Ambisecure key or card does not require a battery or network connectivity, making authentication always accessible.
About Ambimat Electronics:
With design experience of close to 4 decades of excellence, world-class talent, and innovative breakthroughs, Ambimat Electronics is a single-stop solution enabler to Leading PSUs, private sector companies, and start-ups to deliver design capabilities and develop manufacturing capabilities in various industries and markets. AmbiIoT design services have helped develop Smartwatches, Smart homes, Medicals, Robotics, Retail, Pubs and brewery, Security.
Ambimat Electronics has come a long way to become one of India’s leading IoT(Internet of things) product designers and manufacturers today. We present below some of our solutions that can be implemented and parameterized according to specific business needs. AmbiPay, AmbiPower, AmbiCon, AmbiSecure, AmbiSense, AmbiAutomation.