Cyber Thieves Are Getting More Creative
Cybercriminals pull off many of their crimes by combining lots of real information with just a tiny bit of misinformation, which can be financially devastating for both companies and individuals. This article describes some recent examples of this technique, which include exploiting wire transfers, stealing paychecks, and tricking employees into helping “the boss.” It’s important to continually learn about such new schemes so that you know what to look for and how to prepare your defenses. While there are things that can be done to eliminate or at least dramatically reduce such crimes, procedures and precautions need to be put in place now, not after a crime has already taken place — especially as cybercriminals themselves get more and more creative.
Misinformation is frequently mentioned in the media, usually in the context of politics and viewed synonymously with fake news. Although these are serious issues, a bigger and more personal danger is often overlooked: How cyber criminals use misinformation to steal from companies and individuals.
By Stuart Madnick via Harvard Business Review