Peter Hall
November 16 2023
Understanding Cyber Threats
E-commerce organisations face an array of common cyber threats, each with the potential to inflict significant damage. Phishing attacks involve deceptive emails or messages that trick employees into divulging sensitive information, typically by impersonating trusted individuals. Ransomware is a type of malicious software that can be used to encrypt vital data, before demanding a ransom for its release. Data breaches occur when cybercriminals gain unauthorised access to customer or company information, often through unpatched vulnerabilities. These threats typically exploit human error and susceptibility as their primary entry points. Phishing relies on individuals clicking on malicious links or providing login credentials unknowingly. Ransomware often infiltrates systems through employees opening infected attachments. Data breaches can be caused by inadequate passwords, misconfigured settings, or negligent handling of sensitive data.
Statistics and real-world examples emphasise the gravity of these threats. For instance, up until July 2023 the UK had already seen 694 data breaches, compromising over 612 million documents. And in August 2023, the UK saw their biggest data breach so far, resulting in the compromission of records including identifiable data for approximately 40 million people. This is speculated to be a result of having failed a Cyber Essentials audit, as a whistleblower claims that the organisation failed the audit around the time that the hackers gained access to its systems.
The areas of vulnerability that Cyber Essentials aims to assess include firewalls, secure configuration, security update management, user access controls, password-based authentication, and malware protection. Coupled with ample employee training, these controls can drastically improve an organisations security posture. Cyber Essentials Certification | Secarma
The financial and reputational risks associated with cyberattacks are substantial. In a digital age where customer trust is paramount, a data breach can erode confidence and drive customers away. E-commerce companies must be aware that employee faults are entirely within their scope. They cannot shift blame to hosting providers or third-party suppliers. Instead, they bear the responsibility to provide comprehensive cybersecurity training to their staff as the first line of defence against these ever-evolving threats. The cost of failing to do so is far greater than the investment in employee education and awareness.
Employee Training Essentials
When deciding which cybersecurity training programs are the best fit for your organisation, it is important to consider what you need. Training programs should be chosen based on the risks associated with the industry, for example, e-commerce organisations are likely to face threats such as phishing, ransomware and data breaches, therefore, the training programs should address areas such as payment security, data protection, and customer information handling, which are unique to the industry.
Employee awareness and vigilance is critical to the prevention of cyber breaches; promoting a cyber aware culture amongst employees increases the probability that common threats such as phishing and social engineering are recognised and avoided. It is important that training is regularly updated in order to maintain the cyber aware culture and update employees on the ever-changing threat landscape. Training should also include real-world scenarios and simulations as these have proven to be highly effective in teaching employees how to respond to cyber threats. These hands-on experiences can help staff develop practical skills and make informed decisions under pressure.
Given the prevalence of phishing in e-commerce, specialised training on identifying and avoiding phishing attacks is crucial - services such as KnowBe4 offer courses specifically designed to improve phishing awareness KnowBe4’s Security Awareness Training. Secarma also provide Cyber Awareness Training that can be tailored to meet the needs of your organisation. The awareness training course is for non-technical staff and is designed to provide an up-to-date knowledge on the latest (and the well-established, but effective) security threats. Cyber Awareness Training | Secarma. In some cases, it is possible to receive training directly from your vendors. For example, specific software and platforms such as Shopify and Magento offer training and certifications tailored to their systems.
An area of employee training that can be overlooked is incident response and reporting procedures. It is critical to ensure employees know how to react if a breach occurs, reducing the potential damage and loss associated with a cyberattack. Effective cybersecurity training is essential in preventing common threats as it equips employees to recognise and defend against phishing attacks, mitigates the risks of employee errors, and safeguards the company's financial and reputational well-being. By tailoring training to your industry and regularly updating it, organisations can ensure their employees remain well-prepared to face the ever-evolving challenges of the digital marketplace.
Identifying Phishing Attempts
Phishing is a highly effective and pervasive cyber threat, often targeting employees, making it crucial to address through education and awareness. Phishing involves fraudulent attempts to deceive susceptible employees into revealing sensitive information, such as login credentials, payment card numbers, or personal data. Attackers often impersonate trusted entities, creating convincing emails, websites, or messages. Here are some examples of devious phishing attacks:
- Spear Phishing: These attacks are highly targeted, focusing on specific individuals or organisations. Attackers gather detailed information to craft personalised, convincing messages.
- Whale Phishing: Similar to spear phishing but aimed at high-profile targets within an organisation, like executives or celebrities.
- Email Phishing: The most common form, involving deceptive emails, often with malicious attachments or links.
- SMS Phishing (Smishing): Attackers use text messages to trick recipients into clicking on malicious links or responding with personal information.
- Voice Phishing (Vishing): Cybercriminals use phone calls to impersonate trusted entities and manipulate victims into sharing sensitive information.
Successful phishing attacks may not yield an immediate impact. Instead, they often aim to install malware, steal data, or set the stage for more significant cyberattacks, like ransomware. To recognize phishing attempts, employees should:
- Verify sender details.
- Check for generic greetings.
- Scrutinise URLs and email addresses.
- Beware of urgent or threatening language.
- Avoid clicking on suspicious links or downloading attachments.
Conducting phishing awareness tests, such as simulated phishing campaigns, can help assess employee readiness and identify areas for improvement. Best practices for verifying emails and links include using trusted sources for contact information, contacting the sender directly, and independently verifying unusual requests. Phishing remains a top concern in cybersecurity, emphasizing the need for ongoing education and vigilance among e-commerce employees to defend against this pervasive and evolving threat.
Safeguarding Customer Information
Protecting customer data is vital for e-commerce organisations, as it directly impacts customer trust and compliance with legal and regulatory requirements. Failing to safeguard this information can lead to catastrophic consequences. To securely handle customer data, companies should employ encryption and access controls - sensitive data should be stored in encrypted form, and organisations should operate using the principle of least privilege, meaning employees should only have access to data on a need-to-know basis. Password management is a crucial element of data protection, by ensuring strong, unique passwords, and utilising multi-factor authentication, the likelihood of a malicious actor gaining unauthorised access is significantly reduced.
As discussed, employees play a pivotal role in data protection as they act as the first line of defence. Their training to recognise potential threats, follow secure data handling procedures, and report any suspicious activity is crucial to ensuring security.
Data breaches can not only result in severe reputational damage, but they hold severe legal and regulatory implications. For example, GDPR mandates strict compliance with data protection standards; the more serious infringements that go against the very principles of the right to privacy and the right to be forgotten that are at the heart of the GDPR, could result in a fine of up to €20 million, or 4% of the organisations worldwide annual revenue from the preceding financial year, whichever amount is higher. Safeguarding customer data is not only a matter of trust and reputation but also a legal obligation; e-commerce organisations must implement robust security measures, educate their employees, and adhere to relevant data protection regulations to avoid the dire consequences of a data breach.
Incident Response Training
Having a well-defined incident response plan is essential within the cybersecurity landscape; despite robust training, incidents may still occur, making preparedness crucial. Employees should be appropriately educated on how to report security incidents or suspicious activities promptly, as this will help to prevent the escalation of the incident. The reporting process should be clear, easily accessible, and free from punitive measures to encourage openness. It is crucial that employees take immediate action, such as isolating the affected systems, changing any compromised credentials, and implementing temporary solutions as this is critical for minimising damage and containing a breach. In order to ensure the resilience of your incident response plan, an incident response scenario test can be used, such as the one provided by Secarma: Incident Response Scenario Testing | Secarma.
Post-incident analysis is equally as important as having a robust incident response plan because a thorough examination of the incident can help to identify the root cause, assess the extent of the breach, and evaluate the effectiveness of the response. Continuous improvement based on this analysis enhances the incident response plan over time, making it more resilient to future threats. It is also important to ensure that employees feel comfortable coming forward after an incident without fear of blame, fostering a culture that supports reporting is paramount. This transparency enables quicker resolution, as hiding incidents can exacerbate the impact and impede recovery efforts. Encouraging a blame-free reporting culture ensures that valuable insights from incidents are shared, contributing to a more secure and resilient organisation. Having a well-defined incident response plan, coupled with a reporting-friendly culture, is indispensable in mitigating the impact of cybersecurity incidents. It not only enables swift containment but also facilitates continuous improvement to stay ahead of evolving threats.
Benefits of a vigilant workforce
Cyber aware employees bring countless advantages to an organisation, acting as a formidable line of defence against potential threats. Their heightened awareness contributes significantly to shielding the organisations reputation from damage, which in turn helps to prevent financial loss. A vigilant workforce can prevent financial losses by recognising and thwarting phishing attempts, detecting fraudulent activities, and promptly reporting security incidents - timely intervention minimises the impact of data breaches, preserving valuable assets and customer trust.
There are measures that organisations can take to enhance customer trust and loyalty, such as enhancing their security posture. An excellent example of this would be to certify against Cyber Essentials, which is a government backed NCSC scheme that helps to protect against the most common cyber threats About Cyber Essentials - NCSC.GOV.UK. Customers are more likely to transact with and remain loyal to an organisation that demonstrates a commitment to safeguarding their sensitive information. A reputation for robust cybersecurity practices establishes the company as a trustworthy custodian of customer data.
Trained, vigilant employees also play a pivotal role in maintaining regulatory compliance. Many industries face stringent data protection regulations, such as GDPR, and having a knowledgeable workforce elevates the likelihood of adherence to these standards. Compliance not only avoids legal repercussions but also fosters a culture of responsibility and accountability within the organisation.
While stringent security measures might initially frustrate legitimate customers, organisations can use this to demonstrate their commitment to security, and communicating the importance of these measures, will enhance consumer trust and confidence. Transparent communication can help customers understand that these measures are in place for their benefit, strengthening the perception of the organisation as a reliable guardian of their information. In essence, cyber aware employees serve as a key asset, fortifying the organisation against cyber threats, ensuring regulatory compliance, and building trust with customers, thereby safeguarding both financial stability and reputation.
Conclusion
Key takeaways emphasise the necessity of cybersecurity training for e-commerce staff because protecting against evolving threats, such as phishing and ransomware, demands a well-informed workforce. Organisations must realise the importance of investing in on-going training for employees and tailoring the chosen programs towards roles and threats specific to their industry, whilst incorporating real-world simulations. A vigilant workforce acts as the first line of defence in preventing financial losses, reputational damage, and fostering customer trust - it is paramount to recognize that the responsibility of data protection rests with employees. Commitment to cybersecurity education ensures a resilient defence against cyber threats and cultivates a culture of trust in the digital marketplace.