Cyberattacks continue to hit the headlines worldwide, costing companies millions of dollars every year. Even small and midsize businesses are not spared from cybersecurity attacks. Most of these cyberattacks are email-based, manipulating the target to open the email, click on links or open the files.
Statistics show that more than 99% of cyberattacks are human-centric that rely on human interaction to work. While cybercriminals require human intervention to steal data, with the latest successful advancement in network-based ransomware, attackers can breach the security walls without human intervention.
Cybersecurity is one of the biggest concerns for VIPs. Lawyers, crypto-traders, and Targeted high profile people (THPI) are lucrative targets for all types of cybercrimes. VIP security is at constant risk as they face digital security threats like SIM swapping, identity theft, social media impersonations, and email hacking.
Anyone who requires a high level of security is considered a VIP. Top-tier individuals in any industry are valuable targets for cybercriminals. Cyber-attacks on VIPs can cause significant damage to personal reputation, property, and even the organizations to which they belong.
VIP security is a must today. VIP executives and VAPs are promising targets for attackers because they are ideal for providing high-level access within an organization. Common security threats that affect VIP security:
According to the report, the total average cost of a data breach increased to USD 4.2 million, making it the highest price in 17-year history.
However, incorporating VIP security services mitigate the risk and guarantee protection against cyber threats.
VIPs and executives who are crucial to organization and brand make them the prime target for bad actors to gain access to sophisticated information of an organization.
According to stats, 40% of companies are exposed to cyber security risks through C-suite executives.
Here are a couple of reasons why VIPs are the prime target for cyberattacks:
VIPs are constantly exposed to cyber-attacks due to insufficient awareness of cybercrimes, limited cyber security training, work from home, and bring-your-own-device (BYOD) rules.
The cyber-criminals plan an organized attack on VIPs that involve deep research about that target organization and learning about the company thoroughly. The company's website and social media profiles like LinkedIn are the best sources for critical information.
Cybercriminals can find the identities of VIPs linked with the target organization via online profiles, corporate websites, or a simple Google Search. Through this, they can easily filter the VIP and executives and their position within the company. Consequently, this leads to costly attacks via email, mobile phones, and social media, causing catastrophic financial consequences for companies.
Law firms are also the lucrative target for all types of cybercrime. The legal sector is the hub to an unprecedented amount of confidential data that includes personally identifiable data (PII), business transactions, and information on intellectual property. Unfortunately, the internet security of most law firms is not up to par, resulting in lawyers' online security at risk.
Cyber risks are people-centric and reside on the technology they use every day. Today, cybercriminals rely on exploiting data accessed through people-centric attacks via email, cell phone numbers, and social media.
Here are a few VIP security pointers to help protect your business and mitigate VIP's exposure to cyber threats.
Many companies use BYOD rules (bring-your-own-devices) or offer security software pre-installed on their mobile phones, yet, executives are still vulnerable to malicious attacks. Organizations should employ safety measures for early detection and identification of the exposed credentials (like the leak of passwords). Leaked users' credentials can be used for impersonation threats that can put your business at a digital security risk.
A vulnerable personal account can be an entry point to attack your business for cybercriminals.
Organizations should train VIPs and other employees to identify digital threats, and keeping up with the latest trends can be beneficial in the long run.
VIPs should activate Multi-factor authentication for all personal and public accounts.
Here are a few suggestions for authenticator software like Google Authenticator, Authy, and Microsoft Authenticator. You can also try password software to set up one-time passwords for extra layers of protection like LastPass and BitWarden.
It is also important to note that hackers use phishing and spoofing to read SMS and that is why you should avoid using two-factor (2FA) SMS authentication.
Ensure your organization implements mobile security solutions like fast email access to protect devices from data leakage applications. Incorporating comprehensive mobile security solutions reduces the risk of administrators ignoring security protocols. Efani digital VIP and executive security services ensure privacy and security 24/7.
Cybercriminals go the extra mile to attack VIP employees to usurp valuable assets. Attackers use malicious tactics to infiltrate accounts by testing leaked or stolen passwords, SIM-swapping, spear-phishing campaigns that can exploit executives, administrators, and other staff members with access to the corporate system.
Everyone in an organization should get cyber security training and invest in VIP security services. Security of VIPs belonging to different industries like lawyers, owners of small to midsize businesses, having an extra layer of protection is always needed to safeguard digital assets.
The main problem of the current VIP digital data security lies in sharing personal data by companies that offer services and exchanging that valuable data with the third party for financial gains. Other people want access to your personal information only to use it as means of profit.
Since most of the services are linked to your cell phone numbers, cybercriminals can access your accounts like emails, financial assets, social media, and other digital valuables.
That is why wealthy individuals, VIPs, VAPs, celebrities are vulnerable to cyberattacks. Efani's premium Black Seal Protection is the answer to online VIP threats. As the name suggests, Efani Black Seal Protection is available invite-only, designed to protect CEOs, CFOS, and executives. Efani also offers digital VIP security services to people looking to protect digital assets like cryptocurrencies.
Efani's Black Seal Protection includes preventing SIM-Swap attacks, SS7/location tracking attacks, fake tower attacks, security against IP Data & DDOS attacks, and Spam & Spoof calls. Efani's secure and private cell phone plan separates your personal information from your phone number and adds extra client layer authentication for protection.