In light of the recent cyberattack in Las Vegas, I want to address an increasingly critical issue in today's digital age: cybersecurity.
Hackers are increasingly using a tactic known as "social engineering," which involves hacking people instead of computer systems. The Las Vegas cyberattack occurred due to a single phone call, during which sensitive information was unknowingly divulged to an unauthorized person.1
Did you know that 98% of cyberattacks rely on social engineering techniques? Astonishingly, the average business organization encounters over 700 social engineering attacks annually. Furthermore, an overwhelming 90% of data breach incidents target the human element, aiming to gain unauthorized access to sensitive information.2
To safeguard your financial well-being, I urge you to exercise caution and refrain from sharing sensitive passwords or account information over the phone. Legitimate financial institutions never ask for personal data through unsolicited phone calls or emails. If you receive such requests, it is essential to verify the legitimacy of the communication before providing any details.
Use strong, unique passwords for your online accounts. Using a combination of letters, numbers, and symbols can significantly enhance your digital security. Enabling multi-factor authentication adds an extra layer of protection, reducing the risk of unauthorized access even if your password is compromised.
If you have any concerns or questions regarding digital security, we have resources that can help.
Stay vigilant, stay secure.
Ted de Groot
1. Reuters.com, September 18, 2023