Resources

Dan Patterson: Kurtis Minder works for GroupSense, and they have been tracking some of the most outrageous coronavirus scams. Kurtis, what are you seeing right now that people need to pay attention to?

BACKGROUND:

With the average cost to bring a new drug to market surging upwards of $2.5 billion, our client
wanted to get in front of any mentions of trial drugs before they were officially available. GroupSense worked closely with the client, a global pharmaceutical company, to fight back against IP fraud.

ISSUE:
Our threat intelligence analysts identified a syndicate claiming to have access to name-brand medications. Whether the activities were from the physical theft of medication, or manufacturing of counterfeit drugs, the end result was the same: a negative impact on the client's reputation. A response was needed.

IMPACT:
Armed with superior intelligence provided by GroupSense, our client quickly took action to prevent further activities from the threat actor group responsible. Understanding how an individual threat actor or group operates empowered our client to modify their own processes in the future to prevent recurrences.

Humans were the weak link in this tech giant’s supply chain. Motivated by easy access to dark web marketplaces, assembly line workers had no qualms about using their access to  intellectual property for personal gain.

Videoconferencing tools may help bridge the communication gap credit unions are currently facing during the coronavirus, but at what cost?

Business continuity has been strained as credit union employees work remotely. To help with that, many management teams have turned to videoconferencing to keep their institutions running and employees informed.

However, the last few weeks have unveiled a host of cybersecurity concerns with the popular video messaging platform Zoom. There have been problems with end-to-end encryption, and hackers have been able to access the webcams of users. As a result, thousands of personal photos and email addresses of users have been exposed. And that's just the tip of the iceberg for Zoom's cyber vulnerabilities.

Despite this, credit unions are still using the software.

Dave warns of fake QR code websites stealing Bitcoin, Joe has the return of classic cons, the Catch of the Day forgets one crucial element, and later in the show, our interview with Kurtis Minder. He’s with a company called GroupSense and they’ve been commemorating the 20th anniversary of the Dark Web.

What the Podcast Talks About:

With trillions of dollars of financial aid being made available to help individuals and organizations weather the COVID-19 pandemic, it should come as no surprise there is now a massive wave of attempts being made to divert those funds into the hands of cybercriminals.

Please join us for insights on what your organization can do now and moving forward to proactively prevent fraud in these uncertain times. Our group of fraud experts will explore the risks posed by recent events with a focus on how fraud professionals can minimize risk through a series of tools and techniques, and help their organizations to keep going.

Question: How do I make sure my work-from-home users install updates?