In the latest Boardroom article, Mike Grant, Principal and Director of Commerical Division at Barney & Barney, discusses the new and creative angles cyber criminals are using to access companies' money and data. Grant points out that "Cyber crime has become the new norm, with 39% of breaches targeting companies smaller than $100M in revenue."
While traditional attacks range from hacking servers and stolen laptops to spear phishing emails, newer attacks can involve creative strategies such as spoofing a vendor's email to request payment to a new account.
Grant recommends a range of counter-strategies including employee training and request confirmation, as well as Cyber/Data Breach insurance.
Read the full article here.