On October 12, The Internal Revenue Service (IRS) announced that there is a new cyber scam to be aware of. The scam is an intricate plan that has affected both tax pros and taxpayers alike, and is being used by cybercriminals to obtain access to annuity and life insurance accounts.
Executing new ideas in a conventional way is one of the key missteps we have seen people repeat when they are operationalizing a resilient organization. Convention tells you that to change an organization’s performance you need to change the organization by bringing together functions, capabilities and supporting technologies.
A new ransomware attack is underway world-wide, already targeting 20 million plus victims in the first few days. Here are the key facts to date: attack comes via email from Herbalife confirming an order or from a more generic "copier@______" address, email includes an attachment which when opened launches the ransomware, here may be as many as 8,000 variants of the email messages, no victims that have paid a ransom have received a decryption tool thus far
Hackers successfully acquired access to 143 million individuals' Social Security number, driver's license numbers, and credit card numbers. Equifax's breach affects nearly half of the U.S. population.
Hackers are increasingly targeting companies at an alarming rate. It only takes one click to bring the services of a company to a halt. Most believe that having the best firewalls in place will mitigate this risk, but in reality their most vulnerable firewall is the human firewall. Security training and awareness most be continuous to keep up with ever-evolving threats. Especially since hackers are always one day ahead of the firewalls that protect you.
According to digital security provider Gemalto, despite the increasing number of data breaches and nearly 1.4 billion data records being lost or stolen in 2016, the vast majority of IT professionals still believe perimeter security is effective at keeping unauthorized users out of their networks. However, companies are underinvesting in technology that adequately protects their business, according to the findings of the fourth annual Data Security Confidence Index Survey.
According to a recent public service announcement, the FBI's Internet Crime Complaint Center ("IC3") states the business email compromise (BEC)/email account compromise (EAC) scam continues to grow. BEC is a sophisticated scam targeting businesses working with foreign suppliers and/or businesses that regularly perform wire transfer payments. The EAC is a component of BEC targeting individuals that execute wire transfer payments. The scam is carried out when a subject compromises legitimate business email accounts through social engineering (ex. phishing) or computer intrusion techniques to make unauthorized transfers of funds.
WannaCrypt is a serious ransomware attack that has caused major interruptions to individuals, businesses and governments around the world. However, what gives this ransomware teeth is that it took advantage of a vulnerability in Microsoft operating systems that has been public knowledge. Anyone who was using an operating system newer than Windows XP, could have simply patched their workstation and their only risk was to click on a link they shouldn't have. The problem is many people and organizations haven't patched their computers or are still running Windows XP.
In the wake of all the cyberattacks, data breaches and technology related identity thefts, fraudsters are continuing to come up with new ways to scam us.
The New York State Department of Financial Services (“NYDFS”) recently announced the country’s first state regulations requiring the establishment and maintenance of cybersecurity programs for financial institutions - “Cybersecurity Requirements for Financial Services Companies.”
Hosted at the MSU Management Education Center in Troy, MI
Wednesday December 6 2017 | 8:00AM–6:00PM