Insights & White Papers

Are you Ready for the (Cyber) Winter?

By Liberty Advisor Group

Cybersecurity

As we emerge from the pandemic and begin to go back into the workplace, cybersecurity attacks are rising and impacting business operations.

Cybersecurity attacks continue to cripple both government agencies and companies.  2020 saw the highest data breach costs in history, $4.24 million per incident on average.1

In 2020 more than a billion people were affected by cyber-attacks, with the December 2020 Solar Winds breach being one of the worst breaches in history. According to NPR, Russians successfully compromised about 100 companies and about a dozen government agencies. The companies included Microsoft, Intel, and Cisco; the list of federal agencies so far includes the Treasury, Justice, Energy departments, and the Pentagon.2

This mounting cybersecurity threat, with barriers to entry for hackers becoming ever lower, confirms the forecast: cyber winter is coming. With cold winds blowing in and heavy clouds on the horizon, it is more important than ever to have the basic precautions in place. As a company headquartered in Chicago, recently in the grip of a polar vortex, we can offer some helpful tips on weathering the storm:

    • Wear a Hat: This might sound basic, but so are the causes of most data breaches. If you don’t at least cover up – with an accurate understanding of your threat surface, updated controls, and technology basics such as a firewall – then much of the body heat will be lost. It will be too late to take other precautions.
    • Watch the Weather Forecast: That way, you will know where conditions will be worst and can put in place extra heating and windbreaks. In the cyber winter, actionable threat intelligence can help an organization protect itself. A Liberty Advisor Group company, Cybeta, has a predictive, preemptive, and powerful barometer of cyber threats. We use machine learning algorithms to derive Threat Beta™ which compares a company’s cybersecurity threat likelihood, technology vulnerabilities, and third-party exposure with those of other firms worldwide.
    • Keep Extremities Covered and Use Common Sense: Avoid hypothermia by taking commonsense precautions – keep moving, wear dry boots and gloves, and stay out of the wind. Good habits can also help with cybersecurity, with most breaches originating from human behaviors and decisions. Awareness of email phishing tactics is a vital area for employee training. A 360o view will help identify unexpected threats, which might include vendors, suppliers, and operational technology (OT) networks.

These precautions – which form the basis of effective business threat intelligence – can go a long way towards keeping the worst chills of a cyber winter at bay.

Liberty Advisor Group and Cybeta provide you with a predictive edge that keeps your business, data, and IP safe from cybersecurity attacks and ahead of the competition.  With decades of US intelligence training, we have the experience to protect your business and mitigate cyber threats prior to impact. To discuss customized cybersecurity solutions for your business you can contact us here, or reach out to  info@libertyadvisorgroup.com.

ABOUT LIBERTY ADVISOR GROUP

Liberty Advisor Group is a goal-oriented, client-focused, and results-driven consulting firm. We are a lean, handpicked team of strategists, technologists, and entrepreneurs – battle-tested experts with a steadfast, start-up attitude. We collaborate, integrate, and ideate in real-time with our clients to deliver situation-specific solutions that work. Liberty Advisor Group has the experience to realize our clients’ highest ambitions. Liberty has been named as Great Place to Work, to the Best Places to Work in Chicago, and to FORTUNE’s list of Best Workplaces in Consulting and Professional Services.


1 https://www.ibm.com/security/data-breach

2 https://www.npr.org/2021/04/16/985439655/a-worst-nightmare-cyberattack-the-untold-story-of-the-solarwinds-hack

By Liberty Advisor Group