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    Fraud & Cyber Security | 1 min read

    Cyber Threats to Look Out for This Holiday Season

    It seems like every day we hear about another company with a cyber security breach. Cyber-attacks have become so prevalent, they've lost their shock value; same thing different day, right?

    It's easy to shrug off the news of yet another cyber-attack when it's not your company making the headlines.

    But what if it was your company? What if it was actually you that caused a security breach and allowed cybercriminals to steal customer data? More than likely it would be devastating and hard to recover. That's why it's important to always be aware of cyber threats faced by employees and companies.

    Now it’s the silly season (holidays), which means everyone should be on the lookout for more intelligent and more frequent cybercrime activity.

    via GIPHY

    Social scams

    Social scams are on the rise and most are an email or phone call disguised as free money, fake shipping confirmations, billing issues, compromised financial accounts, and a few others.  Remember to exercise caution and diligence when clicking on links, discussing private information, replying to an email, or calling the telephone number provided. If you're unsure about the legitimacy of a phone call or email, it’s always best to contact the entity yourself through their website or known phone number (most credit cards have a customer service number on the back).

    via GIPHY

    Ransomware

    Ransomware is malware that prevents you from using files on your computer or corporate network and then extorts money in exchange for a promise to reinstate access.  Two common ransomware, CryptoLocker and CryptoWall, are back again and stronger than ever.  The latest estimated ransomware extortion total is $325,000,000.00 (I would have written "million", but all the zeros make a better visual impact!).

    Attacks come through unsolicited email with web links, illegitimate search links, download sites, unsolicited phone calls and smartphone texts, and just general sharing of files.  It’s easy to be manipulated into accessing a system that will infect your computer and ruin your day.  Microsoft has a great site pertaining to ransomware here.

    A rule of thumb that's easy to remember: never install software on your PC without running it by your IT department first. And, as always, think before you click!  Be smart, stay safe!

    Questions? Feedback? Let me know in the comments below!

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    Fraud & Cyber Security

    Jeffrey Julig

    Jeffrey Julig is Vice President and Chief Information Security Officer (CISO) for SWBC. In this role, he leads a team of security professionals to protect SWBC’s diverse lines of business from internal and external cyber threats. Jeffrey is passionate about information security and privacy and belongs to numerous international, national, and local professional and community organizations. He has a Bachelor of Science degree in Cybersecurity from the University of Maryland University College and earned several of the information security industry’s most respected certifications, including the Certified Information Systems Security Professional (CISSP), Certified Ethical Hacker (CEH), and Law of Data Security and Investigations (GIAC-GLEG) certifications. Jeffrey attended the Department of Defense Cybercrime Investigations Training Academy (DCITA) and is a certified digital forensics examiner.

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