Welcome to the latest edition of the Neu Cyber Threats, a weekly series in which we bring attention to the latest cyber attacks, scams, frauds, malware including Ransomware and DDoS, in order to ensure you stay safe online.

Here are the most prominent threats which you should be aware of:

 

Increased usage of mobile devices to raise the frequency of cyber security threats

In 2021, 46% of organisations had at least one employee download a malicious mobile application. The increase in mobile wallets and the development of online payment platforms will increase the risk of malicious sites and software potentially affecting mobile devices.

The move to remote working has seen the expansion of mobile attacks, with the result meaning 97% of organisations are facing mobile threats of different types. As mobile wallets and payment platforms’ frequency increases, so will cybercrimes as they look to exploit the growing reliance on mobile devices.

To help mitigate these threats, keep your mobile phone system software up to date, apply MFA for your application access, and ensure that mobile devices have limited access to devices on the company network.

2022 Cyber security breaches survey released

The DCMS (Department for Digital, Culture, Media and Sport) has released the Cyber Security Breaches Survey for 2022.

Key findings show that the percentage of businesses reporting having identified a cyber attack remains at 39%, which is the same as 2021. Phishing was the most common attack method, with 83% of attacks being reported to be phishing.

The average cost of a cyber attack in the last 12 months was £4200, with larger businesses paying out even larger sums. Just under half of those affected have insurance policies that cover cyber-attacks.

The NCSC offers guidance to organisations of all sizes. This includes training packages and measures that can be implemented and gaining the Cyber Essentials certification.

Reported ransomware attacks double in the UK

The Information Commissioner’s Office (ICO) has reported that ransomware attacks in the UK have more than doubled since 2020.

The ICO has found that incidents they handled increased from 326 in 2020 to 654 in 2021. The main sectors targeted include education, finance and insurance companies.

The NCSC has published guidance about ransomware attacks and how to minimise the threat – you can see that here: A guide to ransomware – NCSC.GOV.UK

Other ways you may deal with ransomware attacks could include implementing cyber insurance and helping recovery following a successful attack. The NCSC has produced guidance that outlines the considerations to take when choosing cyber insurance. You can see this advice here: Cyber insurance guidance – NCSC.GOV.UK

If you are concerned about any cyber security issues within your business, contact us today on 01283 753 333 or email hello@neuways.com.