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Cyber Security Basics
 
Business Email Compromise (BEC) - when an attacker uses the identity of someone through impersonation or account takeover, then tricks the target into sending money into an account controlled by the attacker.
 
Multifactor Authentication (MFA) - using more than one factor to authenticate into an account. Usually this is in the form of something you know (like a password) plus something you have (like a RSA token or a cell phone). This is sometimes referred to as two-factor authentication (2FA).
 
Phishing - the fraudulent practice of sending emails to victims purporting to be from a reputable or familiar source. The goal is to induce the victim into revealing personal or financial information to the attacker. Most cyber-attacks are initiated through this method.
 
Cyber Security Best Practices for Individuals
 
  • Use strong passwords & secret questions
  • Two Factor authentication
  • Operate using STANDARD USER privileges instead of the ADMINISTRATOR privileges
  • Use a trusted VPN service
  • Minimize connecting to untrusted WIFI access points
  • Update your devices
  • Use anti-virus and firewall software
  • Do not open suspicious emails
  • Lock down social media sites
  • Do not download illegal software
 
What to do if you fall victim to BEC and money is wired to a fraudulent account
 
1.  Request a wire recall from your bank IMMEDIATELY
2.  Contact the FBI by submitting a complaint to www.ic3.gov