|
Cyber Insights Today July 16, 2024
Hosted by Richard Freiberg
Privacy and Security
https://www.buzzsprout.com/1913940/episodes/15167106
I am Richard Freiberg. Today we will be addressing the cyber risk trustees face.
We frequently hear the question, “I am a trustee so how can I suffer a cyber loss if I don’t have custody of the funds?”
Even with multi-factor authentication and financial institution callback protocols, human errors occur that lead to losses. Therefore, the number one risk management technique is to provide cybersecurity and awareness training for all users.
Here are some additional steps to enhance security and mitigate your risks:
- Verified Requests: Always confirm distribution requests and wire instructions through a secondary communication channel, like a phone call, especially if they come via email. Double- and triple-check the instructions, especially if there are urgent requests to change the wire instructions.
- Secure Communication: Use secure, encrypted email or platforms for sending sensitive information.
- Regular Monitoring: Frequently monitor accounts and transactions for any unusual activity.
- Strong Authentication Protocols: Implement strong authentication methods, like multi-factor authentication, for accessing sensitive systems and information.
- Update Security Measures: Regularly update and patch your cybersecurity systems to protect against new vulnerabilities.
- Incident Response Plan: Have a robust incident response plan in place. This plan should include immediate steps to take if you suspect a breach or fraud.
By being proactive and maintaining a high level of vigilance, you can significantly reduce the risk of falling victim to cybercrimes.
Follow Cyber Insights Today on Apple Podcasts or Spotify.
That’s it for Cyber Insights Today.
DON’T BECOME ANOTHER STATISTIC!
Richard Freiberg
Profitability Consultant
Richard Freiberg CPA PC
Phone (980)339-3352
Cell (914)393-0033
www.rmfreibergcpa.com
LinkedIn
to subscribe to Cyber Insights Today
to subscribe to LinkedIn Newsletter Cyber Security
Providing valuable counsel to help boost your company’s bottom line, while navigating competitive forces, industry, and economic risks in today’s challenging environment
|
3 thoughts on “Cyber Insights Today July 16, 2024”
Cybersecurity is crucial, much like protecting a delicate bonsai from harm. Stay vigilant!
Critical insights on cybersecurity protocols are essential today.
Cybersecurity feels like another way to control people. Just don’t trust anyone!