Cyber criminals are lurking in the cyber space, tip toeing like a thief in the night, waiting for the right time to strike again. They always carry a weapon of choice, but they all have one mission: employ various scamming techniques. Internet scams are rising at an alarming rate. Installing anti-virus programs that can increase levels of security may not be enough to deter hackers from executing their plans. If we are away from our computer, there are lots of activities going on. Hackers are weaving codes, entangling your computer data and system like a black widow to a prey.
Sophisticated attacks have defined the world of Internet in 2017. Who could forget Wannacry ransomware? It has been one of the most dangerous types of internet frauds that has infected more than 200,000 computers. In addition to Wannacry ransomware, there are other scams that have affected thousands of businesses.
1. Petya/Notpetya wiper
This malware virus called Petya/NotPetya struck computers worldwide in June 2017.
Petya/NotPetya can be described as a wiper, rather than ransomware, as it is unable to retrieve any data it erases.
While many countries were affected, the majority of infections were centred on Ukraine and Russia.
The malware infects unpatched computers, meaning you don’t update your computer with security updates.
The virus can be transmitted in the form of malicious software updates, so always ensure your devices are fully updated and only authorize updates from reliable sources.
2. Business Email Compromise (BEC) scams
According to experts, the number of so-called business email compromise (BEC) scams is increasing.
This is one to watch out for when you’re at work.
A type of what’s known as ‘spear phishing’, the fraudster will impersonate a senior member of staff and attempt to get confidential company information or wire money to themselves.
The attackers can even gain access to vulnerable computer systems and essentially hack into the email system.
To lessen the chances of an attack, it’s a good idea to make sure all systems are protected and up to date.
Be cautious of any emails that appear suspicious and include an unexpected demand for money or confidential information.
3. W-2 Phishing Emails
A type of BEC scam, W-2 phishing emails have been plaguing companies in the US this year.
The scammers will get the email system of a firm and target employees in the finance department with requests for W-2 tax forms.
If successful, the fraudsters use the employee tax information they’ve obtained then file fake tax returns and claim fraudulent refunds.
This scam has a success rate of 25% in the U.S.
These internet frauds cases only proved that vigilance is important as you cannot predict when a simple email attachment can become an instrument of a more serious attack. Aside from installing anti-virus software, users should also consider other measures to protect sensitive information and keep hackers at bay. As technology becomes more and more advanced, hackers are also finding a way to keep up.
Educating yourself about the importance of security will not only minimise the risk of being hacked, but will also give you an idea how you can improve your security strategy. Internet scams are executed because of creating weak passwords and not deleting your digital tracks. Protect Your Business Online will give you a step by step guide by giving you alerts if your website has been hacked and providing you free assessment so you will know what else you need to do to keep your website more secure. You will also be taught how to create a strong password.