Know­ing cy­ber­se­cu­rity threats a must for all busi­nesses

Globe Busi­ness’ #makeITSafePH pro­vides use­ful tips and info for all or­ga­ni­za­tions

Manila Bulletin - - Front Page -

Ex­pand­ing a busi­ness’ dig­i­tal foot­print has its tremen­dous ad­van­tages. How­ever, it also comes with in­evitable risks. Know­ing these risks and cy­ber­se­cu­rity threats to­gether with the proper so­lu­tions can help or­ga­ni­za­tons be prop­erly ed­u­cated to en­sure the safety of all its sen­si­tive data and re­sources.

As part of its #makeITsafePH cy­ber­se­cu­rity cam­paign, Globe Busi­ness, the in­for­ma­tion and com­mu­ni­ca­tions tech­nol­ogy arm of Globe Tele­com shares the top five cy­ber threats that busi­ness should be look­ing out for:

Ran­somware is a threat that has evolved from in­vad­ing home or of­fice sys­tems to the cloud. Ac­cord­ing to MIT Tech­nol­ogy Re­view (­nol­o­gyre­, "One big tar­get in 2018 will be cloud com­put­ing busi­nesses which house moun­tains of data for com­pa­nies. Some also run con­sumer ser­vices such as e-mail and photo li­braries.”

Ran­somware growth in 2017 topped 2,500 per­cent, hit­ting hos­pi­tals, pri­vate busi­nesses, and in­di­vid­ual users. A ma­jor con­cern about ran­somware at­tacks is that it is not lim­ited to per­sonal com­put­ers run­ning Win­dows. Hack­ers are also tar­get­ing Macs and Linux PCs.

Phish­ing at­tacks through so­cial en­gi­neer­ing is an­other ma­jor threat, this time with in­di­vid­u­als as main tar­gets. Hack­ers use more com­plex ma­nip­u­la­tion meth­ods in get­ting vi­tal in­for­ma­tion from peo­ple who are al­ready con­fi­dent of their com­pany's IT se­cu­rity. Con­tin­u­ous se­cu­rity ed­u­ca­tion and aware­ness should also evolve in the work­place.

The ris­ing pop­u­lar­ity of cryp­tocur­ren­cies is an­other trend that con­cerns on­line se­cu­rity of­fi­cers of big busi­nesses. The threat brought about by it is steal­ing a hard­ware's com­put­ing power. Hack­ers will com­pro­mise vul­ner­a­ble sys­tems by tar­get­ing its pro­cess­ing ca­pa­bil­i­ties and min­ing them for cryp­tocur­ren­cies.

An­other threat in­volves cy­ber­phys­i­cal at­tacks or the hack­ing of elec­tri­cal grids, trans­porta­tion sys­tems, and crit­i­cal in­fra­struc­ture in many coun­tries world­wide.

Mean­while, the use of pass­word al­ter­na­tives like multi-fac­tor au­then­ti­ca­tion (MFA) or risk-based au­then­ti­ca­tion will be­come a trend among many com­pa­nies. Ac­cord­ing to In­ter­na­tional Data Group's com­pan­ion web­site CSO On­line (www. csoon­, many breaches of sen­si­tive on­line in­for­ma­tion is due to pass­word-only au­then­ti­ca­tion that's be­com­ing easy tar­gets for hack­ers. Com­pa­nies want to in­crease on­line se­cu­rity by im­ple­ment­ing MFAs or risk-based au­then­ti­ca­tion and this may lead to the de­cline of pass­wor­donly au­then­ti­ca­tion use.

"These days, it is hard to think of a busi­ness that is not present on­line. Ad­vance­ments in tech­nol­ogy have opened doors for en­ter­prises to rely heav­ily on the in­ter­net. How­ever, with al­most every­one hav­ing ac­cess to the In­ter­net, risks of be­ing breached are at an all-time high. This is why we aim to as­sist en­ter­prises in pro­vid­ing client pro­tec­tion by of­fer­ing cut­ting-edge on­line se­cu­rity so­lu­tions," says Peter Man­quera, SVP for Globe En­ter­prise Group.

"Busi­nesses need to be proac­tive in com­bat­ting threats not only to pro­tect their data, but also to make cus­tomers feel safe. Se­cu­rity never ends af­ter an at­tack," he added.

To pre­vent be­com­ing vic­tims of cy­ber­se­cu­rity threats, Globe myBusi­ness has come up with cost-ef­fec­tive tai­lor­made so­lu­tions which al­low busi­nesses to mit­i­gate se­cu­rity threats be­fore they hap­pen. Among these so­lu­tions are: An­tiDDOS (dis­trib­uted de­nial-of-ser­vice) which pro­tects on­line ser­vices by keep­ing servers up and run­ning; Man­aged En­ter­prise Fire­wall for real-time vis­i­bil­ity that al­lows quick iden­ti­fi­ca­tion and val­i­da­tion of po­ten­tial threats to the net­work; and Se­cure Email Gate­way Cloud which elim­i­nates threats be­fore they reach the net­work and pro­vides cen­tral­ized email se­cu­rity for all en­vi­ron­ments, among oth­ers.

Also, throughthe #makeITsafePH cam­paign, the com­pany pro­vides prac­ti­cal tips and easy-to-di­gest in­for­ma­tion about the var­i­ous threats an or­ga­ni­za­tion may face. With this, ev­ery client is fully in­formed and aware of the re­spon­si­bil­i­ties to pro­tect their or­ga­ni­za­tion. To know more about cy­ber­se­cu­rity ef­forts of Globe Busi­ness, please visit http://busi­­lu­tions/ cy­ber­se­cu­rity.html.

Ran­somware growth in 2017 topped 2,500 per­cent, hit­ting hos­pi­tals, pri­vate busi­nesses, and in­di­vid­ual users.

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