Nonprofits are suffering from escalating cybersecurity threats that are resulting in millions of dollars in damages. In some cases, nonprofits suffer irreversible harm to their reputation and carefully cultivated relationships and are forced to shut down. In other cases, they don’t have the resources to recover.
For these reasons, nonprofits are taking cybersecurity more seriously. Here are some quick actions that are remediating the risk of cybersecurity attacks.
Let’s take a glance at some cybersecurity attacks that are hurting nonprofits:
Ransomware is a dangerous type of malicious software that attacks nonprofits by encrypting their data and locking their computers. After successfully launching an attack, ransomware games demand an extortion fee to restore access. Typically, the demand for money is in the shape of a cryptocurrency like Bitcoin. Unfortunately, there’s never a guarantee of file restoration, even after payment. In addition, organizations that pay ransomware gangs are more likely to be hit with repeat attacks.
Social engineering attacks are types of online attacks that manipulate human emotions such as fear, greed, love, etc. Here are some common social engineering attacks that hackers may use against a nonprofit:
Spyware is an insidious type of malicious software that can snoop on a nonprofit’s emails, text messages, and other sensitive information. Spyware may take screenshots, log keystrokes, or record video and audio for its author. A successful spyware attack can be damaging for any organization, leaking names, addresses, passwords, and payment data.
Spyware isn’t just limited to computers but mobile devices too. For example, the Israeli-made spyware called Pegasus can breach an iPhone’s security to devastating effect. Reportedly, threat actors used Pegasus to spy on some international NGOs and charities.
Hackers are growing smarter and more sophisticated. Nonprofits must stay one step ahead of cybercriminals by adopting defense mechanisms and investing in training.
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