You may trust that because you personally aren’t accessing the Dark Web that you don’t have anything to worry about. But, did you know that in Q1 of this year, in the financial sector alone, leaked credentials were up 129%? What does this mean, and how do these leaks happen?
Real-life examples of BECs
If you have been following the news, you should know that we are all at risk of Business Email Compromises (BEC). You may be growing tired of hearing this fact although it is a fact that we need to keep in the front of our minds at all time! Timing is a factor that these cybercriminals are continually accessing and know how to attack when your guard is down. Below are real-life examples of BECs that illustrate how easily these attackers researched, planned and struck at the right time and were able to victimize educated, experienced business people.
Business Email Compromise and Education
This month at Pendello we have been focusing on Business Email Compromise as the risk is definitely on the rise. If you remember, Business Email Compromise (BEC) is when an organized crime group gains access to your email through deception with the use of spear-phishing, identity theft, email spoofing, malware, and social engineering. In the past two weeks’ blogs, we introduced BECs and the different types of attack attempts. This week we are delving into how to recognize attack attempts. As 93% of all investigated data breaches can be traced back to a specific employee, we at Pendello Solutions know that end-user education is your best defense. So this month Pendello is bringing you some guidelines to look for when dealing with your day to day communications.
As we already discussed this month, Compromised Email Attacks (BEC) are on the rise and everyone is at risk of being a victim. It would be nice if these attacks were uniform although the attacks and the attackers come in all shapes and sizes. To better protect yourself against these types of attacks it is vital to educate yourself on the different methods these attackers are using to strike.
The global risk of compromised emails is on the rise and should be a concern of every business organization. Some industries are targeted more often, but if your business uses email, you need to be aware of the risk and what the threat entails. To understand the risk, we need first to understand what a compromised email is and how it occurs. These risks are real and have been the cause of great financial destruction for many companies.
What exactly is the Internet of Things (IoT)? In the simplest of terms, it is the interconnection of devices which allows them to communicate and collect data fully. When we think of connecting devices, we typically think of our smartphones, computers, and TVs but the IoT goes way beyond this. The devices that are now being connected include such things as cars, jet engines, coffee makers, refrigerators, heart monitors and soon, potentially anything with an on/off switch could potentially be connected.. According to Gartner, it is expected that there will be 20.4 billion devices connected by 2020.
Ransomware is another hot topic when it comes to Cyber-crimes. It is on the news (WannaCry, NotPetya), on the movies, and on security experts’ minds! What is ransomware and how does it infect computers. These topics are important ones if you strive to understand the safety and security of your business, data, and finances.