CEO Fraud Scam costs firm $6 million
Knowbe4 and CNBC reported some pretty stunning breaking news. I cannot come up with a better case for new-school security awareness training for employees in accounting and HR.
A lawsuit filed on Friday September 16, 2016 by Tillage Commodities Fund alleges that $6 billion SS&C Technologies Holdings, a financial services software firm, showed an egregious lack of diligence and care, when they fell for a CEO fraud scam that ultimately led to hackers in China looting $5.9 million.
Tillage claims that SS&C didn't follow their own policies, which enabled the theft, but to add insult to injury, staffers actually helped the criminals by fixing transfer orders that had initially failed. The documents were posted online by the law firm representing Tillage in the case. Above is the stock price on Monday, before ... Read More
FOR IMMEDIATE RELEASE. CAMERON PARK, CA (November 12, 2020) – Cyber Safety Net today announced How Hacks Happen and how to protect yourself was awarded the Nonfiction Authors Association's Gold Award.
"The Nonfiction Authors Association sets the bar extremely high," says author Mark Anthony Germanos. "To have How Hacks Happen be reviewed by other authors and receive the Gold Award is truly an honor. I am glad the reviewers, and reading public as a whole, are finding How Hacks Happen valuable. The content helps keep you safe online." Some sample reviews are as follows:
In How Hacks Happen, Mark Anthony Germanos uses two author personas to explain and illustrate the hazards to our online information: the cybersecurity expert trying to help us and the black-hat hacker exploiting our ... Read More
Free email services monetize your personal information. Use one of them and you are vulnerable. Free email and social media services are indexing and monetizing your mailbox data. They use that information for their gain, not yours.
Gmail monetizes your personal informationFor example, https://policies.google.com/terms?hl=en says “When you upload, submit, store, send or receive content to or through our Services, you give Google (and those we work with) a worldwide license to use, host, store, reproduce, modify, create derivative works (such as those resulting from translations, adaptations or other changes we make so that your content works better with our Services), communicate, publish, publicly perform, publicly display and distribute such content. The rights you grant in this license are for the limited ... Read More