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Are YOU the Next Victim of a Cyber Crime?

by Chris Sumnar, on 2/20/19 12:31 PM

Source: Vested Risk Strategies’ & Century Bank & Trust’s “Are YOU the Next Victim of Cyber Crime” Seminar, Speaker: Scott Augenbaum

Looking back on 2017 with the Yahoo and Equifax breach, and with ransomware (a form of malware that targets your critical data and system for the purpose of extortion) running wild, now is the time to take the necessary precautions to prevent you and your business from becoming a victim of data breach or a cybercrime incident. 

According to former FBI Supervising Special Agent for the Cyber Task Force Program, Scott Augenbaum, who spoke at our most recent seminar Are YOU the Next Victim of Cyber Crime?, he can sum up the last ten years of his career in four main points:

1. Nobody Expects to Be a Victim.

No matter the organization (individual, small business, non-profit organization, large corporation), you have information that the hackers want:

  • Money
  • Access to Bank Accounts
  • An Email Account (To Attack Others)
  • Human Resource Records
  • Intellectual Property
  • Brand
2. The Chances of Law Enforcement Getting Your Personal/Business Information Back is Slim to None.

How long can your business survive without access to your information?

3. The Chance of the FBI Putting the Criminal in Jail is Also Slim to None.

Most hackers are located outside the United States in Eastern Europe, Asia and West Africa.

4. Over 90 Percent of Cyber Crime Cases Could Have Been Prevented.

Augenbaum offers these tips to help you take control of you and your business’ cyber risk:

  • Think Before You Click. If the email you received does not look right, delete it.
  • Install an Intrusion Detection System
    • Even if the system is only 30% effective, it is better to have than to not have at all.
  • Do Not Reuse Passwords
    • 90 – 95 % of victimization is caused by reusing the same passwords.
    • Below are some tips to keep in mind when creating a password:
      • Your password should be at least 12 characters and incorporate at least one number, one symbol and one uppercase letter. 
  • State a phrase to incorporate into your password & list that phrase on your password cheat sheet:
    • Say your favorite number is 12, your favorite symbol is $, you have an Amazon account, & you love shopping through Amazon – you want to say “I love to shop at Amazon every day” in your password. Use the below letters/characters to reflect that phrase in your password (& incorporate your favorite number & symbol) - $121l2s@Aed12$ - the first letter of each word was used & reflected by either a letter, symbol or number.
    • When you make your password cheat sheet, just list the phrase “I love to shop at Amazon every day” as your Amazon account password.
  • Allow Two-Factor or Multi-Factor Authorization on Your/Your Business Accounts
    • Check in “Security & Privacy” under “Settings” to turn on.
  • Use a Separate Computer for Banking & A Separate Computer for Finance 
  • Do Not Let Your Children Use Your Work Computer 

Now you have the tools to get started. Make a list of your mission critical accounts and start with the ones of highest importance – create a unique, strong password for each account and allow two-factor authorization. By implementing these simple, free steps, you will drastically reduce the probability of being the next victim of cybercrime.