On May 5, 2022, the agricultural manufacturing giant, AGCO, was hit by a ransomware attack…
Antivirus is Not Enough
It’s no secret that the world is increasingly becoming a digital one. With everything moving online, the risk of cybercrime also increases. In fact, according to a report by StealthLabs, the number of global cyber attacks increased by 50% in 2021.
The truth is that businesses and individuals are facing more diverse and sophisticated cyber threats than ever before. So if you think antivirus software alone will protect you from hackers, you’re in for a rude awakening.
Increase in Cyber Threats
The first and most obvious reason why antivirus is no longer enough is the increase in cyber threats. Hackers are getting more creative and finding new ways to exploit vulnerabilities. They’re also becoming better at covering their tracks, making it harder to track them down.
Just a few years ago, ransomware was all the rage. This type of malware locks your computer or files until you pay a ransom. But now, there are new threats emerging all the time. Ransomware-as-a-Service (RaaS), for example, allows anyone to launch ransomware attacks without having any hacking skills. There are even tools that allow you to hack into someone’s computer and take control of it!
Diversity of Threats
Cybercrime comes in all shapes and sizes. There are obvious threats like ransomware and malware, but there are also many other dangers to be aware of.
One such danger is social engineering. This is a type of attack that uses psychological tricks to get people to hand over their passwords or other sensitive information. Phishing emails, for example, are a type of social engineering attack where the hacker sends an email that looks like it’s from a legitimate company. The goal is to get the recipient to click on a link or open an attachment, which will then install malware on their computer.
Another common type of attack is DDoS (Distributed Denial of Service). This occurs when a hacker floods a website with so much traffic that it crashes. This can be used to take down websites or even entire networks.
Your Cyber Insurance Policy May Not Cover You
If you think your cyber insurance policy will protect you from cybercrime, think again! Most cyber insurance policies don’t cover data breaches or ransomware attacks. In fact, the majority of policies only cover financial losses caused by cybercrime.
This is a big problem, especially since data breaches are becoming more and more common. In fact, the Ponemon Institute found that the average cost of a data breach increased by 10% in 2021. And that’s just the average! Some companies can end up paying millions of dollars after a data breach.
Endpoint Management (EDM) is Now Required
The final reason why cybersecurity is no longer enough is that endpoint management (EDM) is now required. As we mentioned earlier, hackers are getting more creative and finding new ways to exploit vulnerabilities. This makes it more important than ever to have a system in place that can detect and prevent these attacks.
Endpoint management is a system that does just that. It monitors all the devices on your network for signs of malware or other suspicious activity. And if it detects anything, it will automatically take action to stop the attack.
So there you have it! These are four reasons why cybersecurity is no longer enough. If you’re not already taking steps to protect yourself, now is the time to start. Contact Terminal B for more information on how you can stay safe online.