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Businesses the New Target for Nigeria’s 419 Cyber-Scammers
Date:7/26/2014

steal funds directly, sell it off for real cash on underground black market sites, or even use what they find for blackmail or extortion if the opportunity presents itself. After all, how much would an organization be willing to pay to avoid having their IP (Intellectual Property) and other trade secrets from landing in a competitor’s hands and driving them out of business altogether. But there are key things organizations can do to substantially reduce the chance of becoming their next victim, and it all has to do with awareness and testing.”

To defend against 419 scammers, regular testing and raising awareness enterprise-wide are crucial.

“The essence of a 419 scam is not advanced malware or technological savvy, it’s all about preying on the weakest link in any cyber security chain, the human element,” says Caruso. “If a 419 scammer can successfully set a hook in just one individual in an organization by playing on their curiosity, ego, desperation, or even pure greed, that’s all it takes for an attacker to basically assume the victim’s role as an insider of the organization, with all their access and privileges to move about the network freely. That means after the malicious attachment has been opened, or the link followed to a malicious site is clicked, which downloads and installs the attackers RAT malware on their system and/or network, attackers can move sideways within the network without being detected, essentially allowing them to pick and choose what data, from confidential company information to full credentials, they can best leverage for profit. So clearly it’s paramount to stop that initial breach from occurring, and if it already has, to find the malware and eradicate it as quickly as possible. That’s why we put such a strong focus on social engineering during our professional

Source: PRWeb
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