Cybersecurity - don’t learn about it the hard way

Posted by Craig McDonald on 18 April 2018 11:22:48 AEST


It’s my mission, both as an entrepreneur and a communicator, to help businesses protect themselves from cybercrime.

The cost to companies from cyber-attacks is growing at an alarming rate at the moment. Part of that problem is that there are still senior decision-makers in companies who don’t understand the devastating impact cybercrime can have on a business.

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Ensuring your cash flow security

Posted by Craig McDonald on 09 April 2018 15:42:08 AEST


"Cybersecurity needs to be taken seriously… Cybercriminals are becoming more sophisticated and small businesses are particularly vulnerable. Many small businesses have successfully blended their physical and virtual shopfronts to establish sustainable operating models... Cybercriminals now are attacking small businesses very regularly. They know the big guys have really cool systems and they know the little guys haven't.”

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Blockchain - the new DNA of cybersecurity?

Posted by Craig McDonald on 04 April 2018 15:01:16 AEST


A lot of people have heard the term “Blockchain” by now and know that it has something to do with Bitcoin and cryptocurrency but Blockchain is more than just crypto, it’s a versatile technology, the applications of which we are only starting to explore.

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'Free cryptocurrency' scams: Twitter users beware

Posted by Craig McDonald on 20 March 2018 10:24:05 AEDT


The persistent rise of cryptocurrency is changing the internet in a variety of ways, and although it’s relatively early days there's already been some high profile cryptocurrency fraud incidents. As soon as a new technology hits the www, scammers move in to grab what they can, and crypto is no different.

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GlobalGuard: cybersecurity built on Blockchain

Posted by Craig McDonald on 15 March 2018 10:42:41 AEDT


The biggest challenge in cybersecurity is keeping up with the new attacks that criminals are always coming up with. They’re always looking for new tools and strategies to defraud companies, so we have to be forward-looking in our approach to defence as well.

MailGuard has built its success on being able to respond to new threats ahead of the market and it’s always been our mission to devise better strategies to combat cyber-attacks in real time.

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Small business - lifeblood of economies - is a cybercrime target

Posted by Craig McDonald on 13 March 2018 15:53:58 AEDT


There’s a widely held misconception that cybercrime only affects big companies but actually, hackers go after smaller operations as well.

Cybercrime is a complex problem. One of the reasons cybersecurity requires a sophisticated, multi-layered approach is that hackers attack in a lot of different ways. A cyber-attack can be as simple as a single fraudulent wire transfer, or as complex as a virus infecting thousands of networked computers.

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One email can take down your business: social engineering

Posted by Craig McDonald on 05 March 2018 14:03:48 AEDT


Last December, cybercriminals stole millions of dollars from several law firms with a simple email scam.

The scammers phoned the lawyers and asked them for legal advice. After a conversation over the phone they promised to email the lawyers some ‘important documents’ related to their cases. When the lawyers opened the emails they found links that pointed to documents stored on an online file sharing site that required them to enter their email account passwords to gain access.

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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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‘Cybercrime to cost $8 trillion’: WEF Global Risks Report

Posted by Craig McDonald on 07 February 2018 09:57:47 AEDT


If you’re looking for some uplifting reading, I would
not recommend The Global Risks Report 2018. Published by The World Economic Forum (WEF), this report is a comprehensive examination of all the things that threaten to derail society. Climate change, tidal waves, water scarcity, terrorism; it’s the ultimate ‘worst-case scenario.’ It makes for sobering reading, but of course, the objective of the WEF Global Risks Report is to help economists and businesspeople mitigate risk.

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New legislation on cybersecurity - how is your business affected?

Posted by Craig McDonald on 01 February 2018 09:25:12 AEDT


Cybercrime and data-security are a growing challenge here in Australia. The Australian Government recently published figures estimating that cybercrime costs our economy about
AU$1 billion annually and if the international trends are anything to go by, that figure will be growing rapidly over the next few years.

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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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Vacation Time: A Chance to Think Outside the Box

Posted by Craig McDonald on 09 January 2018 13:31:49 AEDT


“During the holiday season, it's easy to forget that sometimes the best gift of all is simply the gift of time.” -
Kate Klise - author and journalist.

I’ve just come back from a holiday break with my family. It was a welcome opportunity to focus on my loved ones, but it also gave me some time for reflection.

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Cybersecurity: a Multi-Layered Strategy is Required

Posted by Craig McDonald on 02 January 2018 14:57:57 AEDT


One of the biggest challenges we face dealing with cybersecurity is the way it’s perceived as an IT issue. The reality is that cybercrime exploits gaps in security at every level. Criminals use every means available to them to penetrate a company’s defences: telephone calls; fake documents; and identity theft.

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1 Fraudulent Email = $1 Million Lost

Posted by Craig McDonald on 28 December 2017 10:48:37 AEDT


There’s a striking cybercrime case in the headlines this week involving email fraud.

John Kahlbetzer - one of the richest people in Australia according to Forbes - lost AU$1 million in a scam that was as simple as it was effective.

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Uber: Paying-Off Cybercriminals was a Wrong Turn

Posted by Craig McDonald on 06 December 2017 13:24:48 AEDT


The shocking news about Uber’s data breach woes just keeps on coming. After reading Stephen Little’s
Independent article ‘Uber data leak hit 2.7m UK customers’ I felt compelled to break my silence on this issue.

I don’t like to heap criticism on an already embattled company, but the latest revelations about Uber’s unethical behaviour has made them fair game for critique, I think. Uber’s handling of their ongoing cybercrime crisis has landed them in a situation where they are now dealing with a legal battle and a public relations meltdown as well.

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