Tips on how to reduce your exposure to business crime


Phil Bower TV-Bay Magazine
Read ezine online

Business Crime is growing in popularity and is cunning, smart, and very convincing. It is being spurred on by the very technology that is supposed to help media and other businesses improve performance. One of the trending frauds is 'Social Engineering' where criminals can make use technology, and trickery to exploite our human nature. Here we outline 2 true stories from clients of Sutton Winson and provide some useful tips on managing your risks:

1. The CEO's email account was hacked and his style of writing well studied. When the CEO was out of the office the Hacker sent an email from the CEO's Outlook, to the Finance Controller requesting that £64,000 be transferred as a deposit to a new supplier with whom the CEO had just struck fantastic deal. The email was convincing, except for one word "Thanks"..it was not in the CEO vocabulary and caused the FC to be suspicious

2. On a warm Friday afternoon, the Accounts Department received a call from the Chairman. He was put through to John, a new and relatively junior employee. The voice on the phone was quite abrupt and when the Chairman introduced himself, John was excited but nervous at the same time. It was a convincing impression as John had seen the company's introductory video when he joined. John was asked to transfer £89,000 to a 'new subsidiary' account and when the fraud was discovered the next day it was too late - the transaction could not be refunded.

Incidents of crime often have other unintended consequences and for one of our clients they were unable to pay their end of month salaries to their employees.

Identifying and Managing your Risk

Human hackers use different strategies:

Impersonation/pretexting: sounding like persons of authority, or a fellow employee, IT representative, or vendor all trying to gather confidential / sensitive information.

Phishing/spamming/spearphishing: sending emails that contain malware software designed to compromise computer systems or capture personal and private credentials.

IVR/Phone phishing (AKA 'vishing'): replicates legitimate sounding message that appears to come from a bank or other financial institution directing the recipient to "verify" confidential information.

Trash cover/forensic recovery: collecting information from discarded computer equipment and company documents that were not securely disposed.

Quid pro quo ("give and take"): random calls offering gift in exchange for a specific action or piece of information

Tailgating/direct access: an employee is followed entering their company premises

Diversion theft: misdirecting a vehicle and arranging for a package to be taken to another location to steal vital data such as account numbers, phone and client contact lists, but also other property such as keys, access cards.

The best defence against fraud is awareness through corporate culture, education and training. If you would like further information or guidance on how to manage risk, including the availability of specialised Insurance products, then please contact:


Tags: iss116 | business crime | social media | online crime | Phil Bower
Contributing Author Phil Bower

Read this article in the tv-bay digital magazine
Article Copyright tv-bay limited. All trademarks recognised.
Reproduction of the content strictly prohibited without written consent.

Related Interviews
  • Creating Broadcast Quality Live Streams for Social Media

    Creating Broadcast Quality Live Streams for Social Media

  • Mediaproxy MediaPlayer publishing to Social media SDI, 2110, 2022-6 and NDI at IBC 2019

    Mediaproxy MediaPlayer publishing to Social media SDI, 2110, 2022-6 and NDI at IBC 2019

  • Social Media Virtual Production Switching from Sony

    Social Media Virtual Production Switching from Sony

  • Movidiam at BVE 2015

    Movidiam at BVE 2015

  • Pixel Power Buzz at IBC 2014

    Pixel Power Buzz at IBC 2014

  • Ross Video at BVE 2014

    Ross Video at BVE 2014


Articles
A Broadcasters Guide to Microservices
Roger Persson

The word “microservices” has been creeping into the conversation about software-centric systems recently. Is it really a different approach, what does it mean, and what are the advantages?

Tags: nxt edition | microservices | modular software | Roger Persson
Contributing Author Roger Persson Click to read
Streaming Technologies Explained
Bruce Devlin - new

The word streaming can relate to different technologies from different manufacturers in different scenarios and in this short article we are going to take a little tour of what it all means. 

Tags: mr mxf | streaming | hls | dash | cmaf | mpeg | Bruce Devlin - new
Contributing Author Bruce Devlin - new Click to read
REVIEW - Hollyland MARS 400S PRO Digital Wireless Transmission System
Phil Vinter

Built by Hollyland and costing around £600 the Mars 400S is an easy-to-use wireless video transmitter/receiver system – it will be right up the alley of anyone who, like me, considers an instruction manual to be nothing more than box padding.

Read Phils Full review here, and link to the video review.

Tags: HOLLYLAND | MARS 400 | wireless | tx | rx | Phil Vinter
Contributing Author Phil Vinter Click to read
HOLLYLAND LARK 150 Review
Phil Vinter

The exponential growth of video supercharged a technological revolution that began in the early noughties with the advent of DSLR cameras.
The cinematic-style shallow depth of field image video quality from DSLRs was a revelation, but, back then audio was the big drawback. As demand has grown so the technology has improved and today’s one-man-band small rig set ups can capture pretty good sound into a DSLR style camera.

Phil Vinter reviews the latest release from HOLLYLAND and it's a thumbs up from us.

Tags: HOLLYLAND | radio mic | audio | LARK-150 | CVP | Phil Vinter
Contributing Author Phil Vinter Click to read
How to successfully buy AV and Broadcast Equipment at Auction
Dan Main

Perhaps you wouldn't expect an auctioneer to tell you this - but yes, there are risks to buying equipment at auction; just probably not the risks that you think.

So what are the real risks to buying at auction, and how can they be managed?

To watch the interview with Dan please click here

Tags: auction | tips | buying at an auction | fraud | auction risks | Dan Main
Contributing Author Dan Main Click to read