Email fraud up 46% on 2017: businesses losing $ billions

Posted by Emmanuel Marshall on 15 August 2018 09:58:41 AEST

Claire, an intern at a small legal firm, sits down at her desk after getting back from a hasty, late lunch. She gulps her coffee and flicks open her email inbox: 37 new messages. She rubs her temples and begins to work her way through the backlog that piled up during her 15-minute lunch break.

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Medical sector facing a new kind of plague

Posted by Craig McDonald on 10 August 2018 14:25:58 AEST

I had a group of friends over for dinner a couple of weeks ago, one of whom is a doctor. She arrived late and apologised, saying that she’d been stuck late at work because the clinic computer system was hacked and her appointment schedule was all messed up.

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If your inbox isn’t secure your business is at risk

Posted by Emmanuel Marshall on 08 August 2018 10:03:38 AEST

When you consider how central email is to daily business operations, it’s not surprising, that it’s become the most damaging weapon in the cybercrime arsenal.
Every business still relies on email to do the majority of their daily communication. Everything from stationery orders to corporate mergers is organised and negotiated through the humble inbox.

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Bug bounty hunters: who are they? Why do they matter?

Posted by Emmanuel Marshall on 20 July 2018 10:10:11 AEST

In the lexicon of online security there are cybercriminals, black hat hackers (hackers who do crime), white hat hackers (hackers who help prevent cyber-attacks), hacktivists (hackers who use their skills for political causes) and then there are “bug bounty hunters.”

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Email: the skeleton key to your company’s data & dollars

Posted by Craig McDonald on 16 July 2018 10:33:31 AEST
  • Phishing
  • Brandjacking
  • CEO fraud

All these kinds of cybercrime are perpetrated using email as their primary vector.

Every business is constantly sending and receiving emails, it’s part of the background noise of everyday work, so it’s a powerful tool for criminals who want to slip under the wire and attack a company from the inside out.

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Cybersecurity report finds companies ill-prepared for attacks

Posted by Emmanuel Marshall on 13 July 2018 11:04:57 AEST

“As a small business, we find it challenging to identify threats and have measures in place to mitigate them with very limited time/resource.”

“I find the board’s posture is too relaxed, suggesting lack of acute awareness of the real risks.”

“Lack of concern and awareness around the risk and consequence. Directors and management are more concerned about accessibility than protection (until an event occurs, that is...)”

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Attention: unusual activity on your email account - click here

Posted by Craig McDonald on 05 July 2018 11:00:01 AEST

 

Does defeating cybercriminals mean we need to try thinking like they do?

The kind of people who commit cybercrime aren’t CEO material. They aren’t even necessarily the I.T. whiz or hacker type; cybercrime doesn’t require a serious technical skill set. The crooks behind online fraud attacks are using technology, certainly, but they are consumers, not experts.

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How hard/easy is it to defraud your company?

Posted by Craig McDonald on 07 June 2018 14:23:59 AEST


You have your solicitor look over contracts before they’re signed.
Your accountant examines your books to find any irregularities.
There are checks and balances in place to monitor purchases, invoicing, payroll and transactions of every kind.
You’re confident that your company’s financial integrity is well protected, but what about the online realm?

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Cybersecurity insurance: only half of businesses have it

Posted by Craig McDonald on 01 June 2018 15:53:18 AEST


The
Wall Street Journal has published an interesting article quoting Warren Buffett talking about cybersecurity insurance and his view that it is a bad risk.

Speaking at a Berkshire Hathaway Inc. meeting, Buffett said: “We can figure the probability of a quake or a hurricane but don’t know as much in cyber. It’s uncharted territory on the insurance side and will get worse, not better.”

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What keeps CEOs awake at night? Cybercrime

Posted by Craig McDonald on 26 February 2018 11:17:41 AEDT


‘The Anxious Optimist in the Corner Office’; that’s the title of
PWC’s 21st CEO Survey, which reveals some telling thought trends amongst the world’s business leaders.

Overall, PWC’s report is optimistic about growth but also shows the growing concern that businesspeople have regarding the disruptive economic trends that are being driven by cybersecurity.

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Business Priorities 2018: What are CEOs Thinking About?

Posted by Craig McDonald on 22 January 2018 10:56:03 AEDT


These are interesting times to be in business. The fastest pace of industrial development in history. Huge opportunities. Huge risks. An economic environment that rewards innovation but is also incredibly volatile.

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IT debates: should your boss be able to read your email?

Posted by MailGuard Editor on 18 July 2012 01:00:00 AEST

 

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