CyberSec & Fraud – 5.22.2019

I attended a Cyber Security and Fraud conference today with special agent Eric in the white collar crimes division in New Orleans. It was very insightful to learn about our immediate attacks and pressures.

To start, there are countries are countries with written agendas to target countries like ours (USA). With bankers tightening their security and protocols for handling their processes, its now forcing the hackers and criminals to move their operations directly to the client(s). It’s great that banking institutions are cracking down on security (passwords, encrypted communications, malware/adware/ransomware detectors and scanners and phishing simulations).

With the immediate threat coming from foreign internationals, security agencies like the CIA, FBI and local police need to move quickly to identify and target these criminals. $350,000,000 was criminally taken through the banking system (I believe only in Louisiana), with 76% of which being recovered. That’s a great number recovered! At the same time, there’s a lot of money that was not recovered!

The FBI set up for community members to report suspected criminal activity. The quicker you report, the quicker they can deploy their task forces to combat the criminals.

Don’t let this overwhelm you, there are preventative measures that you can take to help combat these issues. One, keep all systems patched and updated – especially Windows environments. Two, training is the second best effort to protecting your data. The majority of criminals are allowed access (Directly/Indirectly) through email spoofing and spearheading. This means that they breach your account or a vendor and then monitor the accounts for months. Once they feel that they are ready, they are then able to “mimic” your rhetoric and attack others in your contacts list.

Image credit:

Leave a Reply

Your email address will not be published.