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Security_Smart_Summer2020_Bridgewater

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Security Smart is published by CSO, the leader in news, analysis and research on security and risk management. © 2020 IDG Communications, Inc. If you have questions or topic suggestions please email securitysmart@idg.com. SUMMER 2020 SECURITY SMART 4 For more information on staying safe online here at BSU or at home, contact security@bridgew.edu. THE FBI HAS ISSUED a warning about criminals who are exploiting the public and the shipping industry by telling individuals or companies that they owe fees before delivery of a prod- uct due to "newly enacted" COVID-19 shipping laws, regulations, or insurance requirements. If you are ordering products to be shipped to your business or home, keep an eye out for these indicators of possible scams: n References to "new" laws or regu- lations resulting from the COVID-19 pandemic and refusal to provide addi- tional information. n Requests for additional charges or fees before delivery of a product. n Repeated excuses for delivery delays, including citing COVID-19 laws, regulations, or requirements. n Requests for money be paid to an unknown third party (e.g., warehouse, in- surance company, or shipping company). n A statement that any required fees, payments, or deposits will be refunded or reimbursed later. n The inability to directly contact the shipper or manufacturer by phone or email (disconnected lines, lack of response, etc.). To avoid becoming a victim of this kind of fraud, follow these FBI tips: n Never give out personal, company, or financial information to a person or business you do not know and trust. n Always verify the information of manufacturers, shipping companies, and service providers before making payments. n Be wary of unsolicited messages claiming that a delivery is being held until payment is received, especially if you or your company have not placed any orders or do not expect to receive any deliveries. n Research and verify that any laws or shipping requirements related to COVID-19 are legitimate before send- ing payment. If you believe you have been the victim of an internet scam or cybercrime, or to report suspicious activity, please visit the FBI's Internet Crime Complaint Center. Experts Predict Ways Cybercrime Might Flourish in a Recession A S THE WORLD FACES tough financial times ahead, how will cybercriminals react? During the 2008 reces- sion, cybercrime increased: Regulatory Data Corp saw an average rise of 40% in cybercriminal activity for the two years following the recession's 2009 peak. But that recession occurred when cloud services and smartphones were still new, and cybercrime tools and servic- es had yet to be commoditized. That's why it's hard to make predictions based on the 2008 recession, says Jeff Pollard, a principal analyst at Forrester. "We are much more dependent on technology than even a decade ago, so I'd expect to see cybercrime increase," he says. Here are some key areas to watch: PHISHING "When you have people uncertain as to what tomorrow is go- ing to bring, we do certainly see an increase in fraud, largely associated with phishing attempts and social engineering campaigns," says Deborah Golden, U.S. cyber and strategic risk leader for Deloitte Risk and Financial Advisory. "We have seen a spike…of thousands of domains being reg- istered with words like 'stimulus,' 'relief,' 'refund' and 'rebate' in them," says Allan Liska, senior threat intelligence analyst at Recorded Future. "We've seen that rapid change [from COVID-19 emails] to, 'Here's how you get your check from the government,' or 'Here's how you get a relief loan.'" MORE PEOPLE USING HACKING TOOLS In a recession, young people, especially those with IT skills, may turn to cybercrime, as has previously happened in coun- tries such as Nigeria and Honduras. "High unemployment rates among young people in the developing world and limited job opportunities in the legitimate IT sector create push factors for 'deviant globalization,'" according to a new report from the Global Initiative Against Transnational Organized Crime. INSIDER THREATS One trend from earlier recessions that experts say we're likely to see again is problematic behavior from people within or- ganizations due to fears over job losses, pay cuts or targets being harder to achieve. "Layoffs and furloughs always lead to a bigger concern around insider threat," says Liska. "Going all the way back to the dot-com bust in 2000, we've seen it in the past that insider threat activity increased dramatically during those rounds of layoffs." Beware of Fake Pandemic-Related Shipping and Insurance Fees NEW SCHEMES FROM SCAMMERS The pandemic has given rise to a host of new schemes from scammers. Be wary of unsolicited emails relating to COVID-19 in these areas: » Charitable contributions » General financial relief » Airline and other travel refunds » Sales of testing kits In addition, be suspicious of anyone hawking products that claim to prevent, treat, diagnose, or cure COVID-19, and keep an eye out for counterfeit (and most likely ineffective) sanitizing prod- ucts and personal protective equipment (PPE) such as N95 respirator masks, goggles, full face shields, protective gowns and gloves.

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