Holiday Scams Are Coming for Your Business – Beat Them at Their Own Game!
EdgeTeam Technology
Network design, security, and performance for mid-market companies, service providers, and rural organizations
Like every holiday season, scammers are getting creative - and small businesses are their favorite target. At EdgeTeam, we see this firsthand with the small businesses we support. In today's newsletter, we're breaking down the latest tricks and showing you exactly how to spot them before they cause trouble.
Plus: The coolest tech updates you need to know about this week.
Let's dive in!
Scammers Don't Take Holidays
Scammers love the holiday season, and small businesses are their top targets. Why? Because they often lack the advanced security resources of larger enterprises, making them an easier entry point for cybercriminals.
With the rush of end-of-year operations, businesses are often distracted by increased workloads, leaving their systems and employees more vulnerable than usual.
The Anatomy of Holiday Scams
Cybercriminals are leveraging the holiday chaos to launch sophisticated scams that play on urgency, trust, and human error.
Fake Package Delivery Emails
These scams prey on the increase in online shopping and shipping activity during the holidays. Employees receive emails that look like legitimate shipping notifications from trusted carriers, but these messages often contain malicious links or attachments. Clicking on them can download malware or lead to phishing sites designed to steal credentials.
Phishing Disguised as Executive Requests
In these attacks, scammers impersonate high-ranking executives, like CEOs or department heads, to request sensitive information or urgent actions. For example, an employee might receive an email appearing to be from their manager, urgently asking for login details or for gift cards to be purchased for “client appreciation.”
SMS Phishing (Smishing)
Cybercriminals are extending their reach to mobile devices, sending text messages that appear to come from legitimate sources or trusted individuals. These texts often include urgent requests, like confirming a package delivery or providing account details, and they include malicious links.
Social Engineering Phishing - Growing Threat
Social engineering phishing is particularly dangerous because it doesn’t rely solely on technical vulnerabilities, it exploits human psychology. Scammers carefully craft their messages to appear authentic, often including personal or company-specific details to build trust.
A scammer might pose as the CEO and email an entry-level employee, referencing a recent meeting or event to seem credible. They might use phrases like, “This needs to be done before the end of the day,” creating a sense of urgency and discouraging the employee from questioning the request.
Once scammers gain access to sensitive information, they can use it to launch broader attacks, such as compromising email accounts, stealing financial data, or even conducting ransomware campaigns.
How to Protect Your Business?
1. Educate and Train Your Team
Employee awareness is your first line of defense against phishing attacks and scams. Even the most advanced security technologies can fail if employees inadvertently give attackers access.
2. Test Your Defenses
Penetration testing (pen testing) is a proactive approach to uncover vulnerabilities in your security systems and employee awareness.
3. Strengthen Your Technology
While employee training is critical, advanced security tools are necessary to stay ahead of increasingly sophisticated threats.
By combining employee awareness, rigorous testing, and cutting-edge technology, your business can create a robust defense against cyber threats, ensuring a secure and productive holiday season.
Juniper Networks: Securing Your Business in Real-Time
Juniper’s AI-Native Edge brings cutting-edge protection with real-time threat detection, automated responses, and scalable security solutions. It’s the perfect way to keep your business safe without the need for a large, complex in-house IT team.
From stopping phishing emails to flagging malicious activity, Juniper Networks ensures your business stays secure so you can focus on growth.
What’s Trending in Tech
As technology continues to advance, it’s important to stay informed about the trends shaping the future of IT. Here are some key developments we’re seeing across the industry that could impact your business in the coming months:
Security Breaches Can Be Costly!
After experiencing a security breach, on of our customers sought to bolster its cybersecurity posture without the overhead of hiring a full in-house security team. They needed a scalable solution to provide continuous, expert threat monitoring and quick incident response.
We implemented Arctic Wolf’s 24/7/365 Security Monitoring, which leveraged cutting-edge detection technologies and a dedicated response team. The solution offered real-time threat intelligence, proactive vulnerability management, and immediate threat mitigation without the need for additional full-time staff.
With Arctic Wolf’s support, the company successfully mitigated future security threats, avoiding costly data breaches and downtime. This strategic implementation not only enhanced security but also delivered significant cost savings (could be hundreds of thousands of dollars over the long run) ensuring continuous protection of critical assets.
Stay Safe, and Happy Holidays!
EdgeTeam