Our latest take on the security and privacy issues that could affect you and your clients
Real estate transactions have become a target because they are lucrative. While the average bank robbery nets just about $6,500, a typical wire fraud nets a much higher payday. Traditional criminals are limited to how much money they can carry during a heist, but there’s no limit to the loot cyber crooks can snatch with the use of cyber mules. Read more at Forbes.
"NSO sells malware, dubbed “Pegasus,” for iPhone, Android, and other mobile devices to government law enforcement and intelligence agencies. By first using a series of exploits to surreptitiously gain a foothold on the phone, NSO’s capabilities can then turn on the device’s microphone, siphon emails, texts, and messages before they’re encrypted, as well as track the phone’s GPS location." More from Motherboard.
“You don’t have to go after a high-net-worth individual; you can go after one of their assistants or their stockbroker or their money manager,” says Robert Capps, vice-president of business development at Vancouver-based NuData Security Inc. More from The Globe and Mail.
1) Cyber Crime - The use of technology and social media, the number of connected devices per household and the number of people (staff, advisers) communicating with HNW individuals make them prime targets for cyber crimes. More from Risk and Insurance.
I know. That's a really horrible premise. But if 7,000 companies could be compromised by the NotPetya malware while big companies like Equifax, Target and Yahoo experienced breaches of hundreds of millions of accounts, then what makes us believe that cybercrooks aren't going after retirement funds? More from Forbes.
That was being done "to support espionage, extract intellectual property, maintain persistent access to victim networks and potentially lay a foundation for future offensive operations," according to a statement from the NCSC. More from Forbes.