Safeguarding Your Financial Well-being: Insights from Our Cybercrime Webinar

Staying safe from online threats

In today's digital age, the threat of cybercrime looms larger than ever, with billions lost annually to malicious attacks. At our recent webinar featuring guest speaker Ilyce Glink, CEO of Best Money Moves, we delved into the critical link between financial wellness and cybercrimes, providing attendees with invaluable insights and actionable strategies to protect themselves in this ever-evolving landscape. 

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The Scale of the Issue

Let's face it – cybercrime is massive and growing exponentially. Consider these alarming statistics from 2023:

  • A staggering 5.5 billion malware attacks
  • $21.7 billion was lost to households from social media scams since 2001
  • A whopping 48% of all emails are scams
  • 3.4 billion phishing emails sent every single day

One of the most significant threats on the rise is cryptocurrency scams, resulting in individuals losing their life savings. Seniors, in particular, are vulnerable targets, making it crucial to have conversations with loved ones about these dangers.

Next-generation scams are leveraging artificial intelligence to create sophisticated deep fake videos and audio, designed to deceive individuals into parting with their hard-earned money. These deep fakes often feature convincing endorsements from celebrities and public figures, making them all the more deceptive.

Protecting Yourself

During the webinar, Ilyce outlined straightforward strategies to bolster personal cybersecurity and mitigate the risks associated with cyber attacks:

  1. Prioritize Password Protection: Strengthen your digital defenses by ensuring robust passwords for all accounts.
  2. Exercise Caution with Pop-ups: Avoid clicking on pop-ups, particularly those containing trigger words like "agree," "ok," "no," and "yes," as they may initiate spyware downloads.
  3. Verify Sender Information: Scrutinize email addresses to verify legitimacy, and be vigilant for spelling and grammar errors – telltale signs of phishing attempts.
  4. Maintain Emotional Awareness: Refrain from making decisions in moments of distress or anger, as heightened emotions can make individuals more susceptible to cyber scams.

Taking Action

In the unfortunate event of falling victim to cybercrime, prompt action is essential. If you've become a victim, here are the following steps to take:

  1. Contact Cyber Insurance Providers: If covered, enlist the assistance of cyber insurance providers for remediation services.
  2. Change Passwords: Immediately change compromised passwords to mitigate further damage.
  3. Notify Platforms: Inform relevant platforms if control has been lost over accounts.
  4. Alert Financial Institutions: Contact financial institutions to report fraud and secure accounts.
  5. File Police Reports: File a report with law enforcement, crucial for documenting identity theft incidents.
  6. Report Online Crimes: Utilize resources such as the Internet Crime Complaint Center (IC3) to report online crimes.
  7. Engage Law Enforcement: In cases of network intrusions or data breaches, reach out to the nearest FBI field office or report incidents via tips.fbi.gov.

As the threat landscape continues to evolve, safeguarding personal and financial information against cyber threats is paramount. Stay vigilant, stay informed, and together, we can mitigate the risks posed by cyber adversaries. To watch the full webinar click below! 

Watch the webinar

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