2 Common Cyberattacks in the Not For Profit Industry
Email Hacking and Ransomware Prevention Tips
You never realize how easy it is to fall victim to a cyber scam until it happens to you. Read on to learn about two common cyberattacks in the not for profit industry and how to minimize your organization’s risk.
1. Email Hacking
Did you know 1% of all emails are considered malicious? Every day there’s a high volume of emails across an organization including emails from outside donors, event attendees, volunteers and more. So, while 1% may seem like a small amount, it ends up being more than you’d think.
What would happen to these connections if your organization’s email system was hacked? Your contacts could be sent impersonating emails and invoices which can cause major reputational damage. Losing donors, volunteers or even employees is not an option when your organization relies heavily on these three segments.
In addition to email hacking, there has been a large increase in the number of ransomware attacks online. Ransomware is when a hacker sends an encrypted email. If a certain action is taken with that email, an organization’s information and/or system is held hostage until they receive a ransom payment. Paying a ransom is never ideal, especially for a not for profit where purse strings are already tight.
Minimize Your Risk
It’s more important than ever for not for profits to minimize the risk of a cyberattack. Anti-virus security programs are often not enough to fully protect an organization. Here are 5 ways your not for profit organization can practice cyber safety:
- Create complex passwords with dual-factor authentication
- Be careful who you respond to via email
- Teach your employees how to protect themselves from cyberattacks
- Encrypt and back-up sensitive and confidential information
- Have a breach response plan in place
Assurance takes cybersecurity very seriously and is proud to offer many cyber resources to clients and non-clients. View our Assurance University Replay: Top 5 Cybersecurity Risks Every Business Leader Needs to Know: Inside the Mind of a Hacker for more information on how investing in Cyber insurance can help protect your organization in the event of an attack.
Looking for more information on not for profit cybersecurity? Chat with a member of the ‘A’ Team.
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