With technology becoming a major component of Project Management, the protection of project information is of the utmost importance. In this blog, we look at the most significant information security risks that affect PM (Project Management) and how to combat them.
DDoS Attack
The robustness of DDoS attacks is growing day by day. This is exactly why we see so many of them in the area of PM. Hackers are targeting organizations to steal crucial data and they do it using the approach of a DDoS attack.
Common methods include flooding websites and networks with false traffic. This is being made possible by the presence of “DDoS for hire” services, where hackers can rent out their skills at low prices. Also, the IoT seems to be contributing to the problem as well, thanks to products with almost no security defenses.
The only solution is to set up a DDoS migration plan and observe LAN/WAN traffic for changes in bandwidth consumption.
Self-Propagating Ransomware
This type of ransomware spreads via systems that are unpatched workstations. All they need is an automated software update. The key purpose of this type of ransomware seems to be to destroy data rather than extort money.
The only solution is to keep data backed-up and make sure that all systems are patched.
Malware
Off-premise cloud-services make it possible to send and store data. These services are targeted by hackers who can encrypt malware into the system. Needless to say, there are several vulnerabilities that arise from this.
The solution is to make use of intelligence monitoring and analytics. These services can look for suspicious behavior and identify signs of hacking.
Phishing
Phishing is a security threat that is carried out via email. The recipient is tricked into divulging information after being convinced that the mail is from a legitimate source. The system becomes infected when the recipient clicks a link or downloads an attachment.
Phishing can be prevented by training employees to identify suspicious emails and installing security solutions that can scan emails.
Employees
Employees are the biggest security threat to a project. According to statistics, employees often fall victim to ransomware and phishing attacks frequently. More than 90% of attacks can be traced down to a particular employee.
The solution here is to train employees by instituting security policies and provide access to key information resources on the basis of verification and authorization.
Vishing
Vishing involves the use of phone calls to carry out an attack. Here, the attacker convinces the victim to guide them through the process of altering settings and even changing passwords. The only remedy is to provide information security training and instituting policies that prevent the sharing of information via phone calls.
