In light of yet another data breach this week (of CapitalOne in case you missed it), it seems a good time to review cyber safety. A client recently brought to my attention a type of identity theft that I had not heard of before. It involves a thief stealing your cell phone number and porting it over to a new phone. They then use the dual authentication via text code to hack into your financial accounts to steal money. Given how pervasive dual authentication is for everything these days, I decided to learn a bit more about this particular type of scam. Read more
The data breach at Equifax, which exposed at least 143 million people’s financial data, is a symptom of the Age of Accelerations. Accelerations in globalization and technology are enabling thieves to be ever more sophisticated in their crimes. If even a company where data security should be paramount can be compromised, how are far less sophisticated consumers to protect themselves? Until the system changes, it is on us to protect ourselves. Read more
With the recent spate of high‐profile hacking incidents into corporate networks (e.g., Home Depot, JPMorgan), now is a good time to review ways you can protect yourself online and make sure your cyber hygiene is adequate given the ever‐more sophisticated tactics of hackers and fraudsters.