7 Cyber Security Threats In The Cannabis Industry | by Mary Walton

7 Cyber Security Threats In The Cannabis Industry

The cannabis business is a chief target for cybercriminals. As new cannabis businesses are being opened frequently, criminals are seeking more ways to harm the cannabis business. That’s why it’s important to know about cybersecurity in the cloud for your safety.

Vulnerability, patient data, and ease of consumer exploitations are the things cannabis industry hackers look for while picking targets. The impact of such heinous crimes can be catastrophic to both owners and consumers. Ultimately, you need to know how much cybersecurity is enough to be secured.

As new laws are being implemented regularly to protect consumers and patient data, businesses that aren’t prone to safeguarding that data could face hefty fines. The consumers might also lose their trust in the process.

So, you might wonder how these attacks occur? Hackers look for the weakest link in your security system while trying to hack into your system. This happens because of the lack of cybersecurity practices. Implementing proper security systems while knowing your shortcomings is the solution to this problem.

With that being said, let’s discuss the top 7 Cyber Security Threats In The Cannabis Industry.

 

#1. Phishing

Phishing is a kind of cyber-attack that disguises itself as an email from a trustworthy entity. The hackers prompt you to reveal confidential information by downloading malware into your device.

According to a study, 91% of cyber-attacks are phishing scams To save yourself from phishing, don’t download attachments from an unknown person and never share personal info with anyone.

 

#2. Password Management: 

Having a complex password is necessary for the protection of your cannabis business. In a recent study, it was revealed that stolen and weak passwords were the reason behind 81% of cyber breaches

Your password is the thing that stands between your information and the hacker. That’s why it’s important to create a complex password as it decreases the possibility of your information being stolen.

To safeguard yourself from this, create passwords containing at least 12 characters. Be sure to have numbers and symbols in your password. Change your password once every 6 months and you should be good to go. You can also set up security questions here such as, how long does weed stay in your blood.

 

#3. Beware Of Public WI-FI

With the availability of public wi-fi, hacking has also increased. Imagine you were connected to the public wi-fi while you were outside. Upon reaching home you notice that you’re missing valuable data from your device. How would that feel?

You need to be extra aware whenever you’re connecting to public wi-fi to safeguard your cannabis business data from hackers. Whether you’re in a cafe or a shopping mall, always be safe.

The best way to be safe on public wi-fi is to use VPN. You can also use the private window of your browser. The private window avoids saving your information. If you have none of those options, then it’s best not to handle any sensitive data on public wi-fi.

 

#4. BYOD: Beware Of Bad Apps

These days, it’s sort of a trend to use personal devices at the office. 74 percent of businesses have a bring-your-own-device(BYOD) policy

Because of a person using their device on your premise, it puts more responsibility on the shoulders of the personal device user.

Ensure that your workers have password-protected devices for work. Also, make sure that they download their applications from authorized sources.

It doesn’t matter if it’s an unauthorized app or device, cybercriminals only need one chance to steal your data.

 

#5. SaaS Selectively: Keep Sensitive Data Safe

SaaS stands for software as a service. SaaS is a cloud-based software service. And as cannabis business owners use a lot of these services, chances are your security is on the verge of compromise.

They might have a security solution for your SaaS application but it’s ultimately on you to maintain the security of your SaaS application. 

That’s why you must avoid sharing your SaaS login credentials with any unknown person. After using the service, log out of your SaaS application. Also, avoid logging into a SaaS application on public wi-fi.

 

#6. Ransomware Attacks

Ransomware attacks lock and encrypt data of cannabis businesses and demand ransom to restore access. 

The cybercriminals will encrypt any kind of data they can get their hands on to encrypt and ask for ransom. And as high technology is fuelling the budding cannabis industry, hackers are getting attracted to ask for ransoms from cannabis business owners.

Another even more frightening fact about ransomware attacks is, you never know if you’re ever going to get access to your data even after paying for ransom cure. 

Safety from ransomware attacks can be taken through a few steps. Set up complex passwords for all of your applications. From your personal use devices to your employees’ devices, ensure everyone has a strong base password. Also, restrict unauthorized access to your network by setting up a strong security perimeter.

 

#7. Cyber Extortion

You might think that Cyber extortion and ransomware are the same. But it’s not!

Cyber extortion means criminals will steal your data and threaten to release the data on the internet. Since your company might house a lot of confidential data, it’s important not to let any information leak out. 

The reason behind cyber extortion is crypto-currency. As cryptocurrency isn’t issued by any government, it keeps them anonymous.

Safeguarding from extortion is similar to ransomware. Complex passwords and constant security should keep you safe from extortion.

 

Conclusion

While these are the top 7 cybersecurity threats in the cannabis industry, there are more. You need to keep an eye out for the safety of your cannabis business and the data related to it.

As it’s better to be safe than sorry, keep in mind how these threat’s function will keep you safe from cyberattacks. 

About the author:

Mary Walton is a professional editor, content strategist and a part of MarijuanaDetox team. Apart from writing, Mary is passionate about hiking and gaming. Feel free to contact her via Facebook.

March 11, 2020

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