Last Year Microsoft Blocked More Than 25 Billion Hacker Attacks

Individual users often don't have a good sense of the scope and scale of hacker attacks around the world.  The numbers may shock you.

According to Microsoft, in 2021 the company blocked more than 25.6 billion brute force authentication attacks against Azure AD users. They also and intercepted a staggering 35.7 billion phishing emails with Microsoft Defender for Office 365.

Vasu Jakkal is Microsoft's Corporate Vice President for Security, Compliance, and Identity. Jakkal is both passionate and concerned about this subject.  The increase in the total number of attempts since the pandemic began has been breathtaking.

Unfortunately, Jakkal says that so far only a minority of Azure AD and Microsoft 365 users seem interested in taking steps to bolster their own security. Based on statistics gathered by Microsoft, only 22 percent of Azure AD users have activated MFA (multi-factor authentication) protocols. MFA  would keep their accounts safer and make it significantly more difficult for hackers to force their way in.

Here is how much more difficult it can be:

Google combined forces with researchers at New York University and the University of California to study that very topic. They discovered that MFA implementation can block up to 100 percent of automated bot attacks, 99 percent of bulk phishing attacks, and up to 66 percent of targeted attacks. That is an impressive level of protection for something that's so simple to implement and make use of!

The two big takeaways here are:

1. The total number of hacking attacks is increasing dramatically.
2. Although automated tools are getting progressively better at preventing many of them, end users have an important role to play too. Unfortunately, as of right now they're not.

Depressingly few users are taking even the most basic steps to better secure their accounts.  If you set one major IT security goal for the year, a very good one would be to do all you can to increase the percent of users at your firm who are taking advantage of MFA everywhere they can.

Contact SpartanTec, Inc. now if you need help in protecting your company against online threats.

SpartanTec, Inc.
Myrtle Beach, SC 29577
(843) 420-9760
https://www.spartantec.com/

Serving: Myrtle Beach, North Myrtle Beach, Columbia, Wilmington, Fayetteville, Florence, Charleston

More Scammers Are Using Social Media To Target Victims

An increasing number of scammers are using social media to target victims and relying on social engineering tricks to convince people to part with their personal information or money.  The problem has grown serious enough that the FTC (Federal Trade Commission) has issued a formal warning to consumers.

According to a recently released FTC report:

"More than 95,000 people reported about $770 million in losses to fraud initiated on social media platforms in 2021. 

Those losses account for about 25 percent of all reported losses to fraud in 2021 and represent a stunning eighteen-fold increase over 2017 reported losses. Reports are up for every age group, but people 18 to 39 were more than twice as likely as older adults to report losing money to these scams in 2021.

More than half of people who reported losses to investment scams in 2021 said the scam started on social media. Reports to the FTC show scammers use social media platforms to promote bogus investment opportunities and even to connect with people directly as supposed friends to encourage them to invest. 

People send money, often cryptocurrency, on promises of huge returns, but end up empty-handed."

Overall cryptocurrency scams are regarded as the number one threat for investors in 2022, according to a new report from the North American Securities Administrators Association (NASAA). However, the FTC is cautioning all users to exercise caution and develop better habits when scrolling through their favorite social media platform.

They recommend setting limits on who can see your posts, taking advantage of increasingly robust privacy controls, opting out of targeted advertising, and doing more due diligence on any company you plan on doing business with before buying anything from them.

It's good advice in general but it is especially important now given how prevalent social media-based attacks are becoming.

Call SpartanTec, Inc. now if you need the help of IT support specialists to boost your cybersecurity.

SpartanTec, Inc.
Myrtle Beach, SC 29577
(843) 420-9760
https://www.spartantec.com/

Serving: Myrtle Beach, North Myrtle Beach, Columbia, Wilmington, Fayetteville, Florence, Charleston