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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

Flint Bishop—Charlotte Harris

Flint Bishop—Charlotte Harris

Sheffield expansion continues with appointment of commercial property partner

Browne Jacobson—Paul Duggan

Browne Jacobson—Paul Duggan

Browne Jacobson strengthens banking and finance practice with latest partner appointment Paul Duggan

Ward Hadaway—Chris Piggott

Ward Hadaway—Chris Piggott

Employment partner joins Ward Hadaway

NEWS
The Law Society RFC Festival of Sport returns next month, bringing together legal and financial services professionals for one of the sector’s largest annual sporting events
Legal aid deserts leave almost one in four without adequate access to justice
The Solicitors Regulation Authority (SRA) has warned solicitors and law firms that using artificial intelligence does not alter their professional obligations, amid concerns over inaccurate legal material and client confidentiality
From forgotten interest claims to case-management appeals, a string of procedural developments offers useful—and occasionally cautionary—lessons for practitioners

Jonathan Fisher KC highlights that it now accounts for around 40% of criminal offences, with roughly 70% involving technology, and argues that the UK cannot simply prosecute its way out of the problem. Detection, investigation and prosecution all require improvement, while different fraud types demand tailored responses.

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