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Cyber Security: What You Need to Know to Face the Inevitable
The question is not whether a cyber breach will occur – it’s when and how to best mitigate its negative impacts. While the massive malware attacks like WannaCry or NotPetya garner all the headlines, these are relative rarities in cybercrime. Joe Scargill, U.S. Secret Service Agent, explains that the true culprit is “phishing – business email compromising – almost 100% of the time. The massive breaches at corporations are almost once-in-a-lifetime cases. These business email compromises are very convincing. They’re relatively ‘low-tech’ and use a little bit of social engineering.” Mary Frantz, Managing Partner at Enterprise Knowledge Partners (a cyber security, forensics, and compliance consultancy), notes that, “One of the things our company does is security posture assessments. We come in as a legal black hat hacker with the permission of the company and find ways to break in. When we get the permission, we have a near 100% success rate of breaking into their children’s smart phones and sending an email laced with something into your organization. You click on it, thinking that it’s from your kid, and it’s in your company.
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