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10 October 2014 / E J Hilbert
Issue: 7625 / Categories: Features , Risk management , Profession , Data protection , Technology
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Don’t become a hacker’s dream target!

Cyber-based crime has different motivators, different methodologies, and different targets, but most cyber criminals are financially motivated fraudsters who use the Internet to access data and facilitate their main objective: to make a profit.

As personal cyber security systems have become more robust and user-friendly, it has become harder for financially-motivated hackers (FMHs) to collect the data they need. Targeting only one individual at a time, breaking through each unique security system, and then committing a fraud on that one target with no guarantee of success is not a good return on investment or time.

Therefore, FMHs like volumes of data from which they can attempt mass fraud schemes, tweaking each attempt to ensure the highest level of success. As well as holding large volumes of data, the ideal target will usually have three main attributes:

  • Limited cyber security systems in place
  • Full access to the system or network on which they are based
  • IT support staff who are just that, “support” rather than security focused.

Professional

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MOVERS & SHAKERS

Womble Bond Dickinson—Paula Myers

Womble Bond Dickinson—Paula Myers

Womble Bond Dickinson appoints Paula Myers to private capital team in Leeds

mfg Solicitors—five promotions

mfg Solicitors—five promotions

Law firm mfg Solicitors announces five promotions at Birmingham office

Brabners—six promotions

Brabners—six promotions

Brabners adds six to partnership in record year for partner promotions

NEWS
Calls to raise the age of criminal responsibility from 10 to 14 have been renewed, with the Bar Council arguing the current threshold criminalises children too early and risks pushing them towards lifelong offending
The legal profession's AI challenge extends far beyond fabricated case citations, according to a warning about the next phase of technological risk
Law firms should use the transition period before the Financial Conduct Authority (FCA) assumes anti-money laundering (AML) supervision to strengthen governance and compliance, experts have warned
Cross-border disputes increasingly demand creative approaches to gathering evidence, with litigators needing to look beyond traditional letters of request
A Court of Appeal ruling has clarified the distinction between contracts of 'indefinite' and 'perpetual' duration, with potentially significant implications for commercial drafting
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