Asblaw on how to lock down cyber crime

Once inside, it’s very easy to blend in and obtain the information.

Spear phishing is a method that is highly targeted to specific individuals using information commonly taken from social media.

It involves sending a fake email tricking the user into clicking a link or attachment. This then allows the criminal to steal information such as passwords from that computer.

Ransomware encrypts all files, including shared drives, and demands a ransom payment to unlock them.

Whaling is a technique that targets finance staff whereby a fake email is received from a senior staff member often requesting financial payments to be made urgently.

Unsuspecting staff affected by the seniority and urgency will often comply without asking questions.

“The most effective way to protect yourself is by exercising caution”

Caution is key

Aside from the potential fines that could be imposed, the reputational damage, disruption to services and distress and anxiety caused to agents and customers all add to the overall cost.

Data breaches can also result in intellectual property and trade secrets being stolen.

The latest anti-virus, malware and network protection do well to help guard against such attacks.

However, the most effective way to protect yourself is by exercising caution, both in your work and private life.

Within the workplace, personal ownership of cyber security must be a priority for every employee.

You should always remain vigilant. Ensure you are familiar with the information security policies within your workplace, and know who to contact in the business if you have any concerns.

For further information, email Rob Green, legal director and head of commercial at asblaw, on rob.green@asb-law.com