Preventing Cyber Fraud: How to Secure Your Employees Throughout the Year

Did you know that one of the biggest cybersecurity threats to your business is your employees?

Before you call an emergency meeting to identify the culprits, note one important fact. These employees most likely have no idea that their online activity can lead to cyber fraud. Here at OnSolve, we have delved into the ways that employees create risks to companies. Along the way, our research has identified the most likely cyber risks for every month and season. Let’s touch base on a few of these key points.

Employee Cybersecurity Concerns

As a human-powered organization, you need to hire people to handle tasks that keep your business up and running. Through professional recruiting and vetting processes, you hope to hire individuals who are trustworthy and committed to cybersecurity. In fact, your organization is most likely already doing exactly that. The most common cyber breaches are a result of human error, not intentional ill intent.

According to our research, one in six cyber-attacks is the result of unaware employees. These employees might be inundated with email, or they may not be trained to handle technology safely. Fortunately, both human resources issues can be dealt with in-house, which can increase the cybersecurity of your company by up to 60 percent.

Password Problems for Employees

Another cybersecurity risk that is largely in the hands of your employees is the improper use of passwords. Whether this involves using the same passwords across all channels (including corporate and personal) or not changing passwords frequently, employee passwords put companies at risk of cyber fraud.

Employee use of social media on corporate devices also creates an increased risk of password theft.  For example, let’s say an employee is accessing Facebook and Twitter on a corporate computer or company phone. Most of the time, this employee does not log out of these social media accounts. When they do, they use autofill to automatically insert their passwords. This constant connection and ease of entry allow cyber hackers to easily track and log into the employer’s online accounts.

From there these online scammers can access the employee’s personal information. Then they can connect the dots between individuals and their employing companies. More specifically, these hackers can steal passwords to gain illegal access to the employee’s social media account and associated documents. If employees are logged into their personal social accounts on your company’s equipment, then scammers may be able to easily access your networks and other internal sources.

Worst Months for Cybersecurity Threats

In addition to identifying the worst threats to cybersecurity, we have also compiled data to show you when these threats are most likely to occur throughout the year. Each month on the calendar presents some type of risk for your company’s online security.

For example, did you know that retail businesses are more likely to have cyber fraud issues in the month of May? Meanwhile, January is the time of year that presents a huge threat to any business that transmits tax information to employees online.

Cyber fraud also circulates according to the season based on social constructs, such as vacationing in the summer and passing final exams in February. These activities lead to changes in the way cyber hackers operate—all in the name of uncovering personal and valuable information associated with companies like yours.

Continue Reading About Cyber Fraud

If you want to dig in even deeper to the information we have uncovered here at OnSolve, we have the resource for you. Check out our thought-provoking and statistic-backed article, “The Seasonality of Cyber Fraud: A Comprehensive Look at a Scammer’s Calendar.”

You will discover the latest research in when cyber scammers are most likely to threaten your business. Considering 30 percent of businesses were attacked in 2016, you may just prevent the biggest pending threat to your company.

Article Cover The Seasonality of Cyber Fraud

The Seasonality of Cyber Fraud

Download our FREE article: The Seasonality of Cyber Fraud - A Comprehensive Look at a Scammer’s Calendar.  The bottom line is that while any type of attack can occur at any time, there are some that are especially prevalent at specific times of the year. Knowing their “seasonality” can help your organization stay on the defensive.

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