Why insurance companies are a weak target for phishing attacks?

Why insurance companies are a weak target for phishing attacks?

Why insurance companies are a weak target for phishing attacks?

We know that cyberattacks are on the increase and a favourite and growing approach is via email, which we call phishing. With 97% of companies being targeted for phishing attacks, with one wrong click, a healthcare phishing attack can take down entire networks, encrypt files, and put patient data in jeopardy. The smartest attackers take advantage of victims by claiming to be a colleague, business associate, or other trusted source, and using social engineering to obtain information.

What is phishing?

According to Wikipedia, phishing can be described as: Phishing is a form of social engineering where attackers deceive people into revealing sensitive information or installing malware such as ransomware. Phishing attacks have become increasingly sophisticated and often transparently mirror the site being targeted, allowing the attacker to observe everything while the victim is navigating the site, and transverse any additional security boundaries with the victim.

But there are also different types of phishing attacks that have evolved, and we have included four variations below:

Why insurance companies are a weak target for phishing attacks

1.      Email phishing: The most common type of phishing, and it has been in use since the 1990s. Hackers send these emails to any email addresses they can obtain. The email usually informs you that there has been a compromise to your account and that you need to respond immediately by clicking on a provided link. These attacks are usually easy to spot as language in the email often contains spelling and/or grammatical errors.

2.      Spear fishing: Spear phishing targets a specific group, branch, or type of individual such as a company’s system administrator. In these attacks they pay attention to the industry in which the recipient works, the download link the victim is asked to click, and the immediate response the request requires making these look legitimate.

3.      Whaling: Whaling is an even more targeted type of phishing that goes after the whales, they target a CEO, CFO, or any C band within an industry or a specific business. A whaling email might state that the company is facing legal consequences and that you need to click on the link to get more information.

4.      Calendar phishing attempts to fool victims by sending false calendar invites that can be added to calendars automatically. This type of phishing attack attempts to appear as a common event request and includes a malicious link.

But why is the insurance industry under attack, specifically?

According to Votiro hackers are turning their attention toward more vulnerable targets: insurance companies. Insurers maintain a huge database of personal information about policyholders that make an enticing target for identity thieves, including names, birthdates, street and email addresses, health data, and employment data such as income. Information about policyholders’ personal property, such as homes, cars, and other valuables can also be a target.

Over the years, many insurers have invested in security tools that offer a false sense of security. In truth, attackers are advancing faster than traditional cybersecurity tools such as firewalls and anti-virus software and are now leveraging encryption and other advanced attack techniques that can evade detection.

It is also believed that many insurance companies and their subsidiary offices use outdated software, have weak internal security measures, and no standard protocols for dealing with breaches.

What are some of the key steps to take to prevent an attack?

The best way to prevent your organisation from becoming a victim of a healthcare phishing attack is to stay informed. Understanding what red flags to look out for, properly educating employees on cyber hygiene, implementing technical safeguards, and keeping up with the latest sector threats will give healthcare organisations an edge over malicious hackers.

1. Be aware: Identify common phishing email tricks and tactics. The first step toward protecting an organisation from phishing is understanding the attacker’s motives and tactics.

2. Educate your employees: The more you educate them on what to watch for when it comes to phishing attempts, the better prepared they will be to reject those attempts. A strong phishing awareness programme can save both your organisation and the safety of your clients data.

3. Scan everything: Every link and attachment that makes its way into your company, whether through email or attached to a reply on social media, should get thoroughly scanned for malicious software.

4. Back-ups: The last thing you want to do is tell your client you can’t access their files because you have been hacked, so ensure you implement a security solution that immediately backs up files when created or updated.

5. Get cybersecurity: Installing antivirus software and implementing endpoint security systems is a great place to start. Rito-Technologies provides insurance companies and brokers and other small and medium-sized companies with an all-in-one security platform.

Cybersecurity partner, ensured

With Rito-Technologies we can keep you and your team up to date with the latest phishing trends and what to look out, but with a cybersecurity solution we can also protect you from the inside-out.

Rito-Technologies is an experienced IT partner that can help you maximise your business output through a well-thought-out cybersecurity solution. They enable their clients to optimise efficiencies with their IT Strategic Planning, which is guaranteed to increase your accessibility, productivity, and levels of communication with the right level of technology for business and potential customers.

With our free IT assessment, we can help you establish how you currently use IT in your business and what cybersecurity solution is best suited to you. We can also identify areas for improvement as well as fill the gaps to present further opportunities for growth with an IT roadmap.

For more information about our IT assessment to help you get secure and free from phishing attacks, get in touch with us at info@rito-tech.co.za or call us on 010 213 7016 and we will gladly assist you.

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What is cybersecurity mesh and how secure is it?

What is cybersecurity mesh and how secure is it?

What is cybersecurity mesh and how secure is it?

The 2023 state of ransomware report compiled by security company Sophos noted that 78% of South African organisations were hit by ransomware in the past year. Keeping track of emerging digital threats is of utmost importance in the never-ending struggle to secure data from vulnerabilities. The need for a system that allows network operators to defend themselves against digital adversaries cannot be overemphasised. Therefore, a cybersecurity strategy is essential to achieve this.

What is a cybersecurity strategy?

The cyber threat landscape is rapidly evolving, and every business is at risk. With growing automation and more active cyber threat actors, no organisation is “too small to be a target”. Every company has data that could be of value to an attacker or that could fetch a ransom if encrypted by ransomware.

An organisation’s level of cyber risk depends on several factors. While the size of the organization and the industry in which it operates play a role, so do the corporate security strategy and current cybersecurity solution architecture.

Every company will be targeted by cyberattacks, and business continuity is dependent on an organisation’s ability to respond appropriately to these threats. A cybersecurity strategy is a high-level plan for how your organisation will secure its assets during the next three to five years.

What is cybersecurity mesh and how secure is it?

What is cybersecurity mesh?

A cybersecurity mesh (CSM) is a progressive strategy to protect computer networks from hackers. It ensures that you have more than one defense perimeter to protect the nodes within your network.

With cybersecurity mesh, you can protect technological systems managed in isolation, such as perimeter firewalls, network security devices, and security software.

You can create a Cybersecurity Mesh by designing and implementing an IT security infrastructure that is not focused on building a single ‘perimeter’ around all devices or nodes of an IT network, but instead you create a smaller individual perimeter around each access point.

Gartner predicts that by 2025, cybersecurity mesh will support more than 50% of digital access control requests.

What are the benefits of cybersecurity mesh?

  1. A standardised and responsive security approach: These are a defined set of rules for products and processes that provide consistency, accountability, and efficiency.

2. Distributed architecture that is flexible, scalable, and reliable: This allows for easier and faster data recovery after a breach that can also be scalable to the demand of the organisation or IT infrastructure.

3. Prevention from hackers exploiting different parts of a network: By ensuring that each node has its own perimeter, it allows an IT network manager to better maintain and track different levels of access to various parts of a given network.

4. Ensure compliance and security testing: In an organization where there’s a lot of work to be done, a cybersecurity mesh ensures that it is easy for you to check for security and compliance issues or have the security team be a part of the process in an automated manner.

5. Implement Zero Network Trust: Privacy is key in online interactions. When there is no privacy, your data is visible to hackers and online predators. However, with a cybersecurity mesh, you can set up a zero-trust network that only recognises the people on your team and keeps hackers from getting confidential data.

Strategic IT partners for your security

Have you got a cybersecurity strategy in place?

Team up with an IT service provider that can help you plan ahead with an IT strategic plan including a cybersecurity strategy for three to five years from now.

Rito-Technologies is an experienced IT partner that can help you maximise your business output through the cloud. They enable their clients to optimise efficiencies with their IT Strategic Planning, which is guaranteed to increase your accessibility, productivity, and levels of communication with the right level of technology for business and potential customers.

With our free IT assessment, we can help you establish how you currently use IT in your businessand what cloud solution is best suited to you. We can also identify areas for improvement as well as fill the gaps to present further opportunities for growth with an IT roadmap.

For more information about our IT assessment to help you move to the cloud, get in touch with us at info@rito-tech.co.za or call us on 010 213 7016 and we will gladly assist you.

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Cloud solutions enable you to work with load shedding

Cloud solutions enable you to work with load shedding

Cloud solutions enable you to work with load shedding

Overnight, we were tasked with implementing digital systems and infrastructures that would take the core operations of South African enterprises and allow them to function online and remotely. But now South Africa is faced another challenge, called load shedding. With load shedding hitting South Africa every day this year, the conversation needs to be less about moving to the Cloud but of the absolute necessity to do so to future-proof enterprises.

Load shedding gives more reasons to move to the cloud

The effects of not being hosted in the cloud can be extremely costly, for example if you are in the middle of doing your payroll and are not hosted in the cloud you will experience serious downtime and will not be able to access important data. As soon as you are hosted in the cloud the downtime will be minimised. The reason for that is the cloud hosting solution is hosted in data centre’s that have huge backup generators, which means during load shedding they will not be affected at all.

According to Louis Jardim of Turrito Networks there are three things SMMEs can do to prepare for energy disruption, he said. “Firstly, they need to move their businesses into the cloud; secondly, they need to outsource as much of their infrastructure as possible; and, thirdly, they need to develop a mobile workforce strategy.”

Cloud solutions enable you to work with load shedding

Other great benefits of moving to the cloud

The cloud’s benefits are enormous and ever-evolving agility, resiliency, flexibility, better security, increase in performance and savings in technology spend gives the potential to integrate innovation and expand the enterprise’s capabilities. The cloud is also becoming increasingly cost-effective.

The benefits we saw from the forced digital transformation will grow exponentially as companies move more of their workloads and structures to the cloud.

Accessibility anywhere, with any device: The improved accessibility doesn’t just impact employees; clients and customers can also log in to an account and access their information as well. This ensures everyone has up-to-date information whether they’re at the office or on the go.

Centralised data security: When you use the cloud, data backups are centralised in the cloud, removing the need for individual users or teams to maintain their own backups onsite or offsite. This lowers the risk of data loss should any one backup fail or be destroyed by a disaster. Cloud providers can restore the data from another copy maintained in their cloud storage, which is continuously updated with every piece of data added.

Business continuity: In the event of theft or load shedding, do you have an effective backup plan? If not, relying on cloud services can benefit your organisation. Cloud uses infinite data storage space and systems that can be activated remotely if necessary to ensure business continuity.

Cloud is greener: Cloud is a greener technology than traditional IT solutions. By moving to the cloud, businesses can reduce their energy consumption and carbon footprint by up to 90%. Rather than having in-house servers and software, businesses can use cloud-based services to access the same applications and data from any computer or device with an internet connection. This eliminates the need for businesses to purchase and maintain their own IT infrastructure.

Price-performance and cost savings: Although an initial financial investment is required to implement a cloud strategy, organisations save substantial amounts in the long run because they do not have to maintain expensive hardware or local data centres. Also, since there are no upfront costs to use cloud-based systems, businesses can assess them before investing in them immediately.

Find a skilled, experienced partner for your cloud migration

Are you ready to move to the cloud?

Moving systems into the cloud should be supported by a skilled, experienced partner for your cloud migration that can seamlessly take over your ICT requirements and manage your infrastructure

Rito-Technologies is an experienced IT partner that can help you maximise your business output through the cloud. They enable their clients to optimise efficiencies with their IT Strategic Planning, which is guaranteed to increase your accessibility, productivity, and levels of communication with the right level of technology for business and potential customers.

With our free IT assessment, we can help you establish how you currently use IT in your businessand what cloud solution is best suited to you. We can also identify areas for improvement as well as fill the gaps to present further opportunities for growth with an IT roadmap.

For more information about our IT assessment to help you move to the cloud, get in touch with us at info@rito-tech.co.za or call us on 010 213 7016 and we will gladly assist you.

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How to make your meetings more productive?

How to make your meetings more productive?

How to make your meetings more productive?

Decisions is purpose-built to make your Microsoft Teams meetings more productive. It lets you create a structured agenda, invite participants, record minutes, and convert talking points into post-meeting action items. As virtual meetings become a significant and permanent part of our work life, Decisions adds quite a lot of value to the overall Teams experience. 

Decisions in 4 easy steps

Step 1: Build the agenda with the Decisions Meeting Secretary, directly from Outlook and structured with topics, presenters and files.

Step 2: Prepare & collaborate by attaching documents to be presented in the meeting, capturing notes and comments from the team, and only ever having the meeting overview one click away from your calendar on any device. Then, easily record action items and decisions during the meeting.

Step 3: Keep track of time, take meeting minutes and assign tasks quickly and easily. Never have to copy and paste from the previous minutes file again. Instead, you can generate meeting minutes in Microsoft Word or OneNote, then send the documents for review before producing the final PDF-version directly from Word to send out.

Step 4: Sync tasks and decisions with Microsoft Planner to keep track of tasks, notify team members and follow up items from meeting actions using Planner and/or Excel. Meeting materials are automatically saved in the group SharePoint site for optimal document management too.

Integrates with Microsoft Teams

Decisions integrates into the existing collaborative Teams experience so that your staff can quickly and easily access lists (such as for upcoming meetings, recent meeting notes and past meeting outcomes) from tabs within Microsoft Teams.

Decisions is a Microsoft-awarded solution that powers and streamlines meeting collaboration, engagement and productivity for users of Microsoft Teams and Office 365. Thousands of customers trust Decisions for their meetings, whether held virtually, in-person or hybrid.

“Decisions is an amazing product, extremely well thought out and brings clarity to meetings.”

How to make your meetings more productive with Decision - Rito Technologies

Invest in Decisions to streamline your Teams meetings

Rito-Technologies is an Office 365 partner and a preferred supplier of Decisions to help you maximise your business output through technology. They enable their clients to optimise efficiencies with their IT Strategic Planning, which is guaranteed to increase your accessibility, productivity, and levels of communication with the right level of technology for business and potential customers.

With our free IT assessment, we can help you establish how you currently use IT in your business, and we can also identify areas for improvement as well as fill the gaps to present further opportunities for growth with an IT roadmap.

For more information about our IT assessment to help you improve your business, get in touch with us at info@rito-tech.co.za or call us on 010 213 7016 and we will gladly assist you.

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If you’ve enjoyed reading this blog, then sign up to receive our monthly blogs. We promise that we won’t share your email address with other business or parties and keep your details safe. You can choose to unsubscribe at any time.

Why an IT Strategy is as important as a Business Strategy?

Why an IT Strategy is as important as a Business Strategy?

Why an IT Strategy is as important as a Business Strategy?

With many businesses, big or small, technology plays a vital role in everyday operations. However, most businesses do not have an IT strategy or what we like to call an IT roadmap, in place. They either didn’t know it existed or they are unaware of the importance of having one for their own business.

Do you have a business strategy, but not an IT Strategy?

What is an IT Strategy?

The purpose of having an IT Strategy is to offer business owners direction on how to utilise technology to support their business. An IT strategy highlights any risks and shares recommendations on how to reduce them. It also outlines your business’s technology and how it aligns with your business goals.

As businesses grow IT infrastructure, software and applications are often added on an ad-hoc basis. The company can end up with a mismatch of operating systems, old infrastructure that runs slowly and software from multiple vendors that doesn’t work well together. Putting in place an IT Strategy can alleviate these issues and increase efficiency in your business.

RITO Technologies March why IT strategy is as important as a business strategy

The benefits why you need an IT strategy in place

  1. Gives you a roadmap

Your IT strategy needs to align with your overall business strategy, so it is important that the IT strategy works in alignment with your business strategy. This roadmap must therefore include the steps your business has to take to drive more value from IT to achieve the overall business goals.

2.    Competitive advantage

As mentioned above, the IT strategy must work alongside your business strategy, so it is important to ensure you always have the edge against your competitors by conducting a competitive analysis and specify what advantages you have in respect to your competitors.

  1. Allows delegation of decision-making

When employees know the strategic IT plan, they will take your instructions and follow the structure of the established plan. A strategic plan helps your managers to delegate tasks to staff, providing a framework that encourages confident decision-making. It creates a shorthand to let your team understand what management is thinking and trying to communicate, so they can comply quickly and correctly.

  1. Helps to identify where corrective action is needed

Continuous assessment should be part of your IT strategy to help you evaluate your current position and what adjustments are needed to ensure you are going in the right direction and bring to your attention any obstacles that may need to be corrected to improve your overall outputs.

  1. Provides tools to respond to change

Given the way technology changes and given current condition of our current infrastructure and continued power-outages, it is important to leverage change to your businesses advantage. Anticipating change on the horizon in advance and develop a plan to manage those changes with as little disruption as possible. Even more important is the fact that IT strategic planning allows your team to be better prepared for unexpected changes, such as a system outage.

6.    Budget

Your IT strategy won’t be complete without knowing the budget your company has and the cost you would allocate to reach your business goals. Developing a financial assessment of IT systems and processes can give you control over the company’s performance.

In a Nutshell: An IT strategy is good for your overall business health

At the end of the day, every business decision you make is intended to improve the health of your business. An IT strategy allows you to use technology as a tool for a healthier business, rather than just another necessary cost of keeping the doors open. When IT systems align with your business strategy, technology becomes a vehicle for business growth and opportunity.

Of course, having a strategy is one thing; making sure it is efficiently implemented and able to evolve are equally important. Have you got the right IT partner for your IT strategy?

Invest in an IT partner that you can trust

Rito-Technologies is an IT business partner that maximises business output through technology. They enable their clients to optimise efficiencies with their IT Strategic Planning, which is guaranteed to increase your accessibility, productivity, and levels of communication with the right level of technology for business and potential customers.

With our free IT assessment, we can help you establish how you currently use IT in your business, and we can also identify areas for improvement as well as fill the gaps to present further opportunities for growth with an IT roadmap.

For more information about our IT assessment to help you improve your business, get in touch with us at info@rito-tech.co.za or call us on 010 213 7016 and we will gladly assist you.

Want to keep in touch?

If you’ve enjoyed reading this blog, then sign up to receive our monthly blogs. We promise that we won’t share your email address with other business or parties and keep your details safe. You can choose to unsubscribe at any time.