Company cell phones are frequently involved in data breaches and cyber-attacks. Mobile devices and tablets are often used to access company data and networks, making them an attractive target for cybercriminals. They can be compromised through a variety of methods, including phishing attacks, malware, and unsecured public Wi-Fi networks.
Additionally, employees may use their company mobile phones for personal activities, such as social media or online shopping, which can increase the risk of cyber attacks. This is because personal use of company devices can lead to the installation of unsecured applications or access to unsecured websites, which can be used to exploit vulnerabilities in the device.
To minimize the risk of company mobile phones being involved in a data breach or cyber attack, it's essential to implement security measures such as end-to-end encryption, multi-factor authentication, and regular security updates.
Ransomware
According to various cybersecurity reports and surveys, companies in industries such as healthcare, finance, manufacturing, and government are among the most common targets for ransomware attacks. These industries often store sensitive and valuable data, making them attractive targets for cybercriminals.
As for the amount of money paid by European businesses to ransomware criminals in 2020, it's difficult to determine the exact figure, as many businesses do not report ransom payments.
However, according to a report by the cybersecurity firm Emsisoft, ransomware attacks on European organizations and governments cost an estimated 1 billion euros in 2020.
This includes the costs associated with paying the ransom demands, as well as the costs of recovery, lost productivity, and reputational damage. It's important to note that this is an estimate and the actual amount paid out by European businesses to ransomware criminals may be higher or lower.
Easy and compliant solutions
1. Increased Security: End-to-end encryption provides a high level of security for mobile communication. With encryption, all communications sent and received by employees are scrambled and can only be deciphered by the intended recipient. This makes it difficult for hackers and cybercriminals to intercept or eavesdrop on communication, thus keeping the company's confidential information secure.
2. Compliance: In many industries, regulations require companies to protect sensitive data, including client and customer information. Using end-to-end encryption ensures that the company is compliant with regulations and reduces the risk of data breaches and legal liabilities.
3. Competitive Advantage: In today's digital age, cybersecurity is essential for maintaining a competitive edge. By using end-to-end encryption, a company can show its clients and customers that it takes data security seriously. This can be a valuable selling point for companies looking to stand out in a crowded marketplace.
4. Ease of Use: Our end-to-end encryption services are user-friendly and easy to implement. They require little to no additional hardware or software, making them a hassle-free solution for businesses. For instance, our SecuSUITE for business SaaS enables smaller businesses to use defence-grade encrypted communication without installing their own back-end system and server hosting. CAYES is hosting this service in Nordic countries, this is to ensure that no data ends up on a server in a foreign country.
5. Cost-Effective: While implementing end-to-end encryption may involve some upfront costs, the long-term benefits can far outweigh the initial investment. The cost of a data breach or cyber attack can be much more expensive, both in terms of financial losses and damage to the company's reputation.
CAYES is consulting businesses and public customers of all sizes in the Nordic region, book a call with us and learn how your business can get started with a secure solution.