What is Cybercrime Risk?
This month the GTT Cybercrime Prevention Hour considered cybercrime risk. In conclusion Cybercrime risk is the potential threat of a person or thing that is likely to cause damage by exploiting a vulnerability (a flaw, feature or use error) that may result in a negative impact.
Coping with threats and dealing with our fears
Threats can be general like scam emails sent out in large quantities in the hope that recipients might respond or can be target specifically at you. Cybercrime has many different motives often money or data, but sometimes can be more sinister such as entrapment or revenge. Everyone seems to be bombarded with junk email and nuisance calls these days, and the workshop concluded it is good to share the burden, learn more about the threats we all face and get support together.
What are the vulnerabilities that expose us to cybercrime?
There are 3 areas to examine: Networks, Devices and People.
- Everyone uses a network connection to access the internet whether that is via a LAN Cable, WiFi router or mobile data connection. Each method will have security built into the hardware, but not all of us know how to use it or have access to the security controls.
- All digital devices have security built into their operating systems, making sure it is used, updated regularly as well as having it personal data backup are the basics of minimise risk.
- The greatest potential for risk is ourselves, a lack of knowledge, forgetfulness, carefree or risky behaviours increases exposure to cybercrime threats. Or simply making a mistake which we are all prone to do many times in our lives.
Criminals rely on this. Hence the term “Phishing” scam emails are literally criminals fishing for people with hope to net an unsuspecting victim. Often posing as your ISP, PayPal, Apple, Microsoft, or Amazon suggesting there is a problem with your account or are offering a refund (“a carrot or stick”). The “hook” is the internet link in email which delivers the malware onto your device. If you click on the link you are “caught” and the damage is done.
If you want to learn more and help others please join the GTT Cybercrime Prevention Hour held monthly for more information see the GTT Upcoming Events, Cybercrime Vigilance and Student Area on this website.