BNMC Blog

We’ve all seen them: the scam emails that are so obviously a scam, you have no idea why a scammer or a cybercriminal would even bother sending them. It just so happens that there is a very good reason that criminals continue to use these transparent attacks, as they have done for centuries.

Ever since it first popped up in the Wuhan Province of China, COVID-19 (better known as the coronavirus) has created quite a stir—bordering on panic—around the world. Unfortunately, as has been the case many times before, cybercriminals have been using this near panic to support their attacks. Let’s review some of the ways they do so, and how you can protect yourself and your business from these efforts.

Cybercrime has been on the rise over the last few years, and it doesn’t look like it will be slowing down anytime soon. As it turns out, bad actors can turn a profit by targeting businesses, and their tools and tactics are only getting trickier.

Fishing - a jerk on one end of a line waiting for a jerk on the other end.
Phishing - very similar to fishing, but much more consequential.

While the word phishing is humorous and relatable due to it being derived from the word “fishing”, the consequences of falling victim to a phishing attack are far from comical. Today we will discuss just how serious these attacks can be, and the easiest way to prevent them.

Social media plays an increasing role in both the professional and personal sides of our lives. Unfortunately, this means that we all experience an increase in exposure to the many scam attempts that will appear on our screens. Like any kind of scam, the best defense against those that appear on social media is good, old-fashioned awareness and vigilance.

2018 has been the year of the hack. The problem, so was 2017, 2016, and so on… Marriott International has announced that they have had what could be the second largest data leak in history. They are saying that they are responsible for a data breach that leaked some 500 million records over a five-year span.

Chances are, you’ve heard of phishing before--emails that promise some benefit or prize if you only click on the included link, that actually only results in trouble for you and your data. Unfortunately, as technology has embraced mobility, so have phishing attempts. This is why you must also be aware of SMiShing scams.

Phishing attacks have been around for decades, first being recorded in 1995 where scammers would pose as AOL employees and request a user’s billing information through instant messages. Nowadays, email phishing attempts have tricked users into handing over personal information of all kinds. There are many methods of identifying a phishing attempt, but today we’ll focus on one.

An unfortunate fact about the modern business world is that any organization that utilizes technology is playing with fire. Cyber attacks can circumvent even the most well-protected networks through the company’s users. This is, unfortunately, something that business owners often don’t learn until they’re on the receiving end of an attack; just like the two companies that fell victim to phishing attempts that were supposedly operated by Evaldas Rimasauskas, a Lithuanian hacker who has been accused of stealing $100 million from them.

One of the most masterful arts of deception that hackers use is the phishing attack, which attempts steal sensitive credentials from unwary victims. The anonymity afforded to criminals on the Internet is what makes this possible. Using phishing attacks, hackers attempt to steal credentials or personal records by forging their identities. What’s the best way to protect your business from these attacks?