In the cultural mishmash of modern tech-savvy consumers, the blue screen of death looms large. The screen serves as a simple reminder informing the user that the device is unable to resolve the issue on its own. A computer crash can indicate that your CPU is degrading after years of use, but a cybersecurity compromise can also cause hardware to malfunction or operate unexpectedly.
A significant portion of the total amount of theft and illegal conduct that impacts people today is carried out by cybercriminals. According to the FBI's 2023 Internet Crime Report, cybercrime complaints resulted in losses above $12.5 billion. The numbers showed a 10% increase in complaints and a 22% increase in financial losses.
As defenders, we must constantly look for what we have missed and how we can get better. Five common cybersecurity errors are listed below, along with tips on how to prevent them:
Using simple password: Employing strong passwords to safeguard your sensitive data is a vital part of any effective cybersecurity plan. Strong passwords can make it difficult for hackers to access your credentials. These passwords must include capital letters, symbols, and broken words, if any. Nearly everyone is aware of this aspect of internet use, and many online systems require users to include these security features in their profiles. However, 44% of users hardly ever change their passwords (though over a third of internet users participate in monthly refreshes), and 13% of Americans use the same password for every online account they create.
Underestimating the human element: This is a fatal error because you would be overlooking a significant contributor to 74% of data breaches. According to the Ponemon Cost of a Data Breach 2022 Report, the top attack vector last year was stolen or compromised credentials; it appears that many of us are falling for scams and disclosing critical information. That's why black hats keep coming back: we provide a consistent, predictable source of funds. To tighten those reigns, implement an employee Security Awareness Training (SAT) program and follow the principle of least privilege.
Invincible thinking: Small firms frequently fall into this attitude, believing they have nothing of value to an outside attacker. If all attackers were pursuing billions of money and governmental secrets, this could be accurate. But they aren't. There are innumerable black hats who profit from "small" payments, compounded dividends, and the sale of credential lists. Any company having users and logins can find what they're looking for. This same approach can and should be applied to organisations of all sizes. Combat the "it can't happen to me" mentality with regular risk assessments, pen tests, SAT training, and red teaming to prepare your organisation; because it can.
Not caring enough: This is exactly where fraudsters want you: clueless and "I don't care." This can happen all too easily when SOCs become overwhelmed by the 1,000-plus daily notifications they receive, let alone attempting to stay ahead of the game with proactive preventive measures (or even strategy). Threat actors take advantage of teams that are overburdened. If your resources are stretched thin, the correct investment in the right area might alleviate some of the stress, allowing you to do more with less.
Playing a defensive game: We've all heard that the best defence is a good offence. And that is true. Cybersecurity frequently receives a solely defensive rap, which unfairly underestimates its value. Cybercriminals are continuously catching organisations off guard, and all too often, SOCs on the ground have never dealt with anything like them before. They patched vulnerabilities. They dodged phishing emails. However, an APT, advanced threat, or even a true red-alert cyber incursion might all be new territory. Prepare your digital and people nervous systems for an attack by instilling offensive security techniques such as penetration testing and red teaming in them before day zero.
