A new cyber security pack has been introduced by Magnet Plus to combat phishing emails and other digital vulnerabilities, threats or breaches.

Developed with Exponential-e, one element of the product involves engaging a simulated email phishing campaign to test employees’ security awareness and see if they open a phishing attachment or not.

The results highlight any areas for improvement while follow-up training videos are offered to staff.

Other elements of the Magnet Plus cyber security pack include:

• A monthly vulnerability scan to identify weaknesses in existing security systems by mimicking the actions of the most effective cybercriminals, followed by on where the business should implement extra precautions.

In Association with

• A one-off three-day penetration test where intensive attempts are made to break through cyber defences over a three-day period employing the same tactics used by attackers.

• A one-off Cyber Essentials self-assessment which will act as a baseline certification for IT architects and consultants.

Magnet Plus said its research indicates that one in four businesses believe that email attachments pose the greatest cyber security threat to their business, but half the research cohort has not implemented an email security solution to prevent this.

Phishing occurs when a cybercriminal impersonates a reputable business or person in an email or other form of communication.

Phishing emails often contain malicious links or harmful attachments that can be used to steal confidential user data such as login credentials.

John Delves, managing director of Magnet Plus, said: “The survey we conducted showed that that Irish businesses need to do a lot more to ensure they are prepared for a cyber security attack.

“The potential loss of income to businesses as a result of a phishing email or malware is extraordinary and by ensuring your business is protected will help you reap the benefits in the long-term.”

Magnet Plus is owned by Speed Fibre Group, an Irish investment vehicle focused on telecoms infrastructure as well as communications service provision.

Speed Fibre Group is owned by the Irish Infrastructure Fund which manages capital for more than 20 institutional investors, the majority of which are Irish pension funds, trusts, and investment managers.