Cybercrime

1st October 2015

October 2015: European Cyber Security Month.

As we put more and more of our live online we all need to be conscious of the risk of cybercrime, a multi-billion dollar “industry” where you budding cyber criminal can simply buy an exploit from an online market place. We have recently see “improvements” to phishing email purporting to be well known organisations we are all using such as Xero, HM Revenue and Customs, eBay and Facebook and banks where the cyber criminals have stepped up their game and made sure a lot of the tell-tale mistakes of the past like bad spelling and grammar no longer appear making these message much harder to detect.

We have also come across instances of vishing – voice phishing, employing social engineering techniques, where a caller has obtained some basic information like the organisation banks with, rung a branch location and asked for the contact in head office accounts to obtain the correct person’s name and then rung up mid-morning just toward the end of a month asked for that person by name, claiming to be from the correct banks online banking security department, said they could see they had logged onto online banking in the last hour (a reasonable assumption based on the time of day) and that they could see other suspicious login attempts and could they confirm for “security reasons” their username and detail of a recent transaction otherwise they would suspend the account their and then… problematic at the end of a month when you need to pay staff and suppliers! Combined with freely available publicly available information they now have the users name, username, account number, sort code, date of birth, place of birth, mother’s maiden name, detail of a recent transaction, home address… quite a scary prospect. Fortunately for the organisation in question the person was on the ball and became suspicious of being asked for information on an inbound call and terminated the call and rang the bank on their publish number… not that this didn’t stop the bank immediately blocking online banking access as a precaution and forcing a change of login credentials with activation details issued out of band by standard mail.

October is European Cyber Security month and the it is well worth remembering the strapline campaigns 2015 STOP, THINK, CONNECT as Cyber Security is a Shared Responsibility.

• If you receive an email asking you to login or change your password never follow the link in the message, always go directly to the website concerned in your browser.

• If you receive an inbound phone call asking for you to confirm details security information take the details of the caller’s name and department and then call back the organisation on their published number such as the number.

• Reputable organisations will never ask for you to confirm personally identifying security details passwords or PIN numbers on an inbound call and not in full on an outbound call so you might be asked for say the third and last character.

• If it sounds too good to be true it probably is

• Never reuse the same password across multiple websites, if you username and password are compromised on seemingly unimportant site

• Growing numbers of websites are moving over to support two factor authentication, either for standard login or for “enhanced security” checks such as changing contact details, resetting passwords, making payments, these can be via text message alerts, rolling one time passwords, authentication apps, if a site asks for you mobile phone number this is often what they want it for… this a compromised list of usernames and password much less useful as you are dependent on not only something you know (a password) but also something you have (a mobile phone, text message, code fob).

If you want further advise on IT security, web and email security and anti-phishing solutions, endpoint security solutions, or cyber security training for your staff please contact our IT Services business Decisive IT Ltd on 03333 44 15 15 or enquiries@decisive-it.com

Disclaimer - All information in this post was correct at time of writing.
Other Blogs
Jaimie King
19th April 2024 Audit exemption limits set to rise

What could the changes to Audit exemption limits mean for you?   The government has recently announced changes to company law that will see company size thresholds increased by 50%. This is hoped to reduce complexity and additional burden for companies. These changes are intended to be in place for year ends commencing on or…

Paul Jefferson
18th April 2024 Beware of VAT refund fraud

Beware of VAT refund fraud!   We have become aware of several recent cases where taxpayers’ bank account details have been amended on the HMRC portal, without their knowledge, so that VAT repayments have been fraudulently diverted to a third party.   It seems that HMRC have been acting on the basis of a fraudulent…

Andrew Band
17th April 2024 Whitings 2024 Annual Farming Seminar

Our Whitings 2024 Annual Farming Seminar is just around the corner.   Farming always has to cope with changing environment, weather, commodity prices, political changes, etc. This year these challenges feel heightened and this is why we are pleased to welcome back speakers from the Andersons Centre to inform us of these changes and what…

Amanda Newman
17th April 2024 Buy To Let through a Limited Company

There continues to be an ongoing debate when buying a residential property to let out about whether to buy this personally or set up a limited company to own it. Unlike our sole trader v limited company comparisons for a trading business there is not a clear division based on profits. There are a lot…

Nick Edgley
11th April 2024 Do you need to re-register for Child Benefits?

If you’ve heard about the changes post 5 April 2024 and are wondering whether you need to re-register for Child Benefits, this is the blog post for you.   If you have been affected by the increase in the High Income Child Benefit Charge cap to £60,000, then you may need to restart your Child…

Peter Brown
10th April 2024 Pension Contributions for directors

Are you thinking about planning ahead for retirement and want to find out more about Pension Contributions for directors?   When it comes to planning for your retirement, Company pension contributions can offer significant benefits in terms of reducing your company’s Corporation Tax bill. Here’s how you can use both personal and company contributions to…