In the AARP’s “Five Secrets to a Happy Retirement,” Secret No 1 is “money isn’t everything.” Solid counterarguments notwithstanding, remember that in retirement, you won’t be commuting to work, paying payroll taxes toward Social Security and Medicare, or putting a chunk of every paycheck into a retirement account.
Your company’s computer files are the lifeblood of your business, and cybercriminals are out to steal them. Imagine you or an employee receive an email at work that looks legitimate and includes a link the sender asks you to click for more information. As soon as you click on it, your entire network locks up and your entire operation grinds to a painful halt.
If you’ve lived in Florida for any length of time, you know what happens every summer: Hurricane season. Longtime residents know the drill – protect yourself and your loved ones in terms of shelter, safety and supplies.
For a refresher, FEMA (Federal Emergency Management Agency) and the National Hurricane Center have posted some important operational guidelines.
Cybercriminals are targeting small businesses with increasingly sophisticated attacks. “Corporate account takeover” is a form of identity theft of a business. Criminals phony emails pretending to be someone you know to trick you into clicking on links or attachments that can lead to malicious software being installed on your computer. Once this happens, they will ask you to enter credentials where they will gain access to your email account. At that point, they will send emails to the bank appearing to be from you to initiate ACH and wire transactions.
Companies of all sizes are being targeted by criminals through business email compromise scams. In these scams, cybercriminals gain access to an employee’s legitimate business email through social engineering or computer intrusion. The criminal then impersonates the employee often a senior executive or someone who can authorize payments and instructs others to transfer funds on their behalf. According to the FBI’s Internet Crime Complaint Center, over $10 billion has been lost by victims in the U.S. due to these scams.
“Any business that conducts transactions overseas or regularly performs wire transfers should stay alert for these scams,” said Certified Information Security Manager Margo Leiter. “Companies can protect themselves and their employees by using alternative communication channels to verify any large transaction requests and by educating their employees on potential red flags of fraud.”