You might be thinking to yourself, cyber insurance… is it really necessary? Think about it this way - cybercrime damages will cost the world $6 trillion annually by 2021. A lot of these cybercrimes will be conducted over the internet as a Symantec study showed that in 2017 1 in 13 URL's were identified as malicious, an increase by 3% from 2016. Regardless, the internet has continued to become a large part of how organizations work and operate, and that trend is only going to increase as technology advances even further.
A new technological threat has been increasing in popularity and strength in recent years - botnets. These are not the kind of botnets that productively crawl search engines to provide you with the best search results, these botnets are malicious and have the potential to hijack your computer.
.BANK is not just another way to change up your domain name, it's a proactive and protective measure put in place to give you peace of mind that your customers are protected. Phishing in the financial industry is all too common, as it is the #1 cyberattack and starting point of most breaches. This reason alone is why .BANK domains are so important to implement.
Once spam hits your email inbox, you become a target. When it comes to technology, humans tend to be the weakest link in most IT security situations. Attackers will constantly try to trick them, manipulating users to click on things that they shouldn't through a variety of methods. Oftentimes, these "tricks" are via email, as email platforms can target a very large number of people and is a very "budget-friendly" attack. If users happen to click the wrong thing within the spam email, bullseye, internal data then becomes exposed.
First, take a moment to test how secure one of your top-of-mind passwords really is by clicking this link:
Did the test tell you that you needed a stronger password? Did it tell you that your password is strong enough? Do you use that same strong password for everything?
When users have to make up a password, two strategies are typically used:
In the tech industry today, even the most reliable tools can be used against you. Five Nines has recently discovered phishing attempts that are in the form of an Office 365 verification email. Wouldn’t you be enticed to click on the links in this email?