Chinese Scammers Use Social Engineering to Swindle $18.6M
Fraud transaction through clever social engineering enabled Chinese phishers in successfully swindling an estimated $18.6 million from Tecnimont SpA’s Indian branch. With a cleverly written email that heavily resembles Pierrorberto Folgiero’s (the company’s Group CEO) was sent to Tecnimont Pvt Ltd, the phishers were able to persuade decision makers in the company’s India office to
[ Read More ]How to Protect Your Website From a Cyber Attack
Your website is your calling card to attract customers, and an unexpected cyber-attack can cost you both time and money. What types of activity are you monitoring from the back end? With the right tools, your website can increase its security and prevent an attack. To avoid becoming the next victim, it’s time to take
[ Read More ]18-25 Age Group Poses Great Threat to Business Cybersecurity
Which age-group poses the greatest threat to business cybersecurity? Well, a recent study points out that it’s the millennials- those in the 18-25 age group who tend to break basic security rules. A new research report from identity governance platform SailPoint states that nearly 90 percent of youngsters in the 18-25 age group break basic
[ Read More ]Discussing Data Culture Development Within an Organization
Every organization today needs to develop a data culture, one that would pervade the whole of the organization and touch every single member within the organizational set-up. This is because we are living in a world where organizations are basically data-driven. Hence there is an absolute need to develop a data culture, with focus on
[ Read More ]Security Trends To Watch Out for in 2019
The IT industry had its share of joy and innovations in the year 2018. We saw new technologies coming up, industries trying to explore AI and blockchain, and neutral networks dominated the scene. These technologies tried to make way into other sectors or industries and business, allowing the user to have a hands-on disruption and
[ Read More ]Discussing Cybersecurity Best Practices in the New Year
2019 is just over a week old; we at The Threat Report take this occasion to discuss cybersecurity best practices, stressing on important aspects including importance, training et al. Let’s begin with a proper introduction. Well, as part of the introduction, we’d like to point out that for any business today, especially those that depend
[ Read More ]Why Securing Small Business Against Hacking is Important
It’s not just the big businesses that are hacked, smaller ones too are targeted by cybercriminals. Well, while big companies would have the resources to survive even multiple big data breaches, smaller ones might get shattered with just one small breach. The losses incurred due to a data breach (financial loss, loss in customer trust
[ Read More ]Use Security Technology to Improve Business Operations
Security technology would continue to be as important for businesses in 2019 as it was in 2018; in fact, it would be much more important in 2019 than it was in 2018. As we know, security technology today is integral to business operations and contributes greatly to the continuity of any business and its operational
[ Read More ]Cybersecurity Tips for Protecting Organizations in 2019
The world of cybercrime is changing fast; it’s ever-evolving. As we step into the new year, we need to discuss things that need to be done, to ensure better cybersecurity, for individuals, for organizations and businesses. In this piece, we discuss some basic tips that could help organizations protect themselves against cyberattacks in 2019. Here
[ Read More ]NZ Transport Agency’s Missing USB Drive a Major Data Breach
The New Zealand’s Transportation Agency is in the hot seat as a very important USB flash drive containing personal information of at least 1,000 of their employees is missing. Usually, personnel information is stored cryptographically locked in a secure server, however, due to the need to produce identification cards for 1,000+ employees, it needs to
[ Read More ]