< Browse more articles
HRAI 01FEBRUARY2020

A competent online phishing campaign will achieve, on average, a 35% hit rate of an organization’s employees clicking on a link. Of those who click, anywhere from 10% to 15% will usually provide credentials – their user names and passwords.

 These are alarming statistics for business owners and anyone aware of the high costs to businesses that have been compromised. We often fail to protect ourselves from these damages, perhaps because we don’t know how to do so, or don’t perceive the risk the way we do with other kinds of crime that could threaten our businesses.

 Some of the threats, consequences and ways to prevent them are well articulated in a recent guest column appearing in Mechanical Business Magazine. It was prepared by Danny Timmins, CISSP, a member of the Enterprise Risk Services team for MNP, a Calgary accounting, tax and business consulting firm operating in seven Canadian provinces.

Timmins describes workshops his company provides in which participants quickly fall prey to common online tricks that could result in hacking by cyber criminals. He suggests: “Consider how you would feel if you had scanned your passport to book a hotel, and then that hotel’s email was subsequently breached.” This situation and online scams might both lead to a criminal stealing your identity.

He adds that our business client database or financial information is linked to our brands and reputations. An unfortunate hack could negatively impact how others perceive our companies, and infiltration could also open up our organizations to litigation by those whose information has been stolen. He cites costly examples.

We should all be learning about ways to better protect ourselves online.

Read more here: https://mechanicalbusiness.com/2019/12/06/securing-our-digital-world/