One of a company’s worst nightmares goes a little something like this.
An employee boots up their computer at the beginning of the work day. A couple of minutes into work they get an email from someone who seems to be a coworker. They click the link without thinking, and a message flashes onto their screen:
“Your files have been encrypted. You have 24 hours to pay a fine of $500. If you do not pay the fine, your files will be permanently encrypted.”
Yesterday, for several companies across Europe and Asia and even in the United States, that nightmare became a reality.
Disguised payment requests are the result of financial losses for companies whose employees have been targeted and spammed with fraudulent emails. These Company exec posers, got their recipients to process payments for non-existent goods or services. They did it with a fake wire and/or card transfers.
Co Authored by: Steven Lai
Being in a high position at a company is never easy, especially when you are the CEO and are responsible for both employee and client information. You are expected to be the visionary, the fearless leader, while bearing the burden of heavy management responsibilities. All this, while maintaining the financial stability of the company and healthy relationships with both personnel and clientele.
Putting out fires is a constant part of your C-level role. You deal with the complexity of your business growth, while tackling, head on, the legality of keeping all your information secure and protected.