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Shark Tank Star Barbara Corcoran Loses $400k to Phishing Scam

This article is targeted toward business leaders needing cybersecurity, cyber insurance, IT support, etc. I leads with the story then discusses prevalence of cyberattacks, and then a mix of tech and HR solutions to reduce risk. SAMPLE She's the savvy business and real estate mogul from Shark Tank. But her organization just lost almost $400 thousand to a phishing scam, according to TMZ, who first reported the late-February heist. The scammers were clever. They were focused. And they made away with an enormous score. But what kind of phishing scam could do this much damage? Let's take a closer look at what we know so far and what you can do to protect your business from similar schemes. What Happened to Barbara? According to reports, in Barbara's case, someone allegedly forwarded what appeared to be a chain email to a bookkeeper. It seemed to show Barbara herself authorizing a payment of $388,700.11 to FFH Concept GmbH in Germany.  | Read More →

Words: 656   Downloads: 0   Category: IT   By: LeighClay

The Dangers of BEC Scams for Business

Target Audience: Business leader trying to protect company from cyberattacks in need of technology support, cyber security, actionable tips, etc. Sample: Picture this: You've just discovered that your loyal and trusted employee just cost you a million dollars. What do you do? Reprimand? Fire? Scream? Contact the FBI? In the little town of Erie, Colorado, a business, perhaps not unlike your own, was faced with this nightmare.  Hackers used a scam technique called Business Email Compromise (BEC) to trick the employee into sending money to a business that the employee had every reason to believe was a legitimate vendor to whom they owed money.  Don't have the foggiest idea what BEC is? You should. BEC scams are common and costly. And the scariest thing about them is just how easy it is for even a smart and diligent employee to fall for them. What Is a BEC Scam and Why Is It So Dangerous? Most email phishing scams target a lot of people, hoping someone takes the bait. But the scammers using BEC tricks are different. BEC is like the Ocean's 11 of hacker jobs. They're focused, conniving, and well-informed about your business operations, key employees, and financial means.  It's not an inside job. But it sure feels like it when you get hit. Here's why. | Read More →

Words: 975   Downloads: 0   Category: IT   By: LeighClay

7 Practical Ways AI Can Improve the Retail Industry

There is no denying that artificial intelligence is disrupting the retail business. Automation is not only replacing lots of jobs, but it is also making the retail business more efficient and profitable. This article looks at some of the practical ways AI can improve the retail industry. | Read More →

Words: 1028   Downloads: 0   Category: IT   By: Alice Ronnie

What is a PCI Scan?

PCI scans are a requirement for PCI-DSS compliance. PCI scans can find numerous vulnerabilities in software, firmware, server configurations, and web-based communications. Scanning the network for vulnerabilities can save an organization millions in damages from a cybersecurity incident leading to a data breach. | Read More →

Words: 1098   Downloads: 0   Category: IT   By: Lysis

5 Reasons to Consider a Network Penetration Test

A network penetration test is an excellent way for your business to remain proactive against cyber threats. This article highlights five reasons why a network penetration test is essential for your company. A few of these benefits include identifying areas of vulnerability, reducing the chance of a cyber attack, and maintaining compliance. | Read More →

Words: 512   Downloads: 0   Category: IT   By: Jack Ryan

What is Ethereum and How Does It Work?

Unlike Bitcoin, Ethereum is a programmable blockchain technology. The programmable nature makes it possible to implement smart contracts as well as develop custom applications on the network. With Ethereum, secure deposits can be sent back to the payer if some predetermined conditions are not met. Alternatively, spending of money can be restricted until some external data that meets some criteria is provided. Smart contracts make this possible. In this article, we take a layman’s look at the Ethereum network and how it differs from Bitcoin. | Read More →

Words: 859   Downloads: 0   Category: IT   By: Alice Ronnie

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