Cure Solutions Blog

Cure Solutions has been serving the Burlington area since 1997, providing IT Support such as technical helpdesk support, computer support, and consulting to small and medium-sized businesses.

Even Amazon Can Be Hacked

Even Amazon Can Be Hacked

In 2018, Amazon was struck by a considerable attack, with hackers taking funds from approximately 100 seller accounts, according to a Bloomberg report. Between May and October 2018, Amazon sellers were struck approximately 100 times, draining funds from the seller control platform to augment their own funds. According to the investigation, the first fraudulent transaction took place on May 16, 2018, with an undisclosed amount being stolen. The hackers utilized phishing attacks in order to scam their targets.

“Unknown Hack”

On May 8, 2019, almost a year to the day after the first transaction was made, an Amazon spokesperson claimed that the company had completed investigating the compromised accounts, and had been the victim of an “extensive” fraud. The extent of the fraud was large enough where two banking companies, Barclays and Prepay Technologies (who is a partial subsidiary of Mastercard) are caught up in the crime.

Ultimately, Amazon neglected to disclose the true scope of the hack, but a report by Bloomberg indicated that over one billion dollars were dispersed to merchants in 2018 via Amazon Capital Services U.K. While there is currently no figure provided by the company, if large portions of that money was subverted, it could rank as one of the largest hacks in the history of online commerce, and certainly the biggest fraud that has involved Amazon. 

Amazon, which has a business model built to be largely automated, has done a remarkable job of keeping personally identifiable information from being hacked over the years, but in today’s threat-persistent culture, even the most secure companies can have situations happen to them that jeopardize their ability to complete financial and information transactions, regardless of how much they invest in cybersecurity.

Phishing Attacks

Just because this article mentions a major fraud involving the world’s largest online retailer in no way means that hackers have moved on from trying to hack small businesses. Small businesses face the majority of hacking attacks, mainly because they have the least amount of security to thwart. In fact, if Amazon can fall victim to phishing attacks, it’s not a stretch to believe that your company is susceptible. With millions of phishing messages sent every day, many of which target small businesses, having a strategy to educate your staff is extremely important.

The best way to go about doing that is to be proactive. Getting your staff to understand that they are on the front lines of a never-ending cyberwar and what they need to learn in order to keep themselves, and your organization free from the serious risks that come from falling victim of phishing attacks. Some things you can prioritize:

  • Annual education and training - Have a comprehensive plan in place to educate new and current staff that is updated and required annually.
  • Having strong passwords - Since phishing is a form of social engineering, the hackers on the other end of the phishing attack are simply looking for access. Having strong passwords will keep them out much longer than weak ones. 
  • Avoid shadow IT - Make it clear that all software has to pass through IT first, before it is downloaded onto a workstation. It may seem inefficient at first, but the company will be better off vetting a software solution before it gains access to your organization’s network.
  • Provide cloud storage - When people are constantly on the move and have a lot of responsibilities, they will often upload their work into their personal cloud-based file storage. This can be risky behavior, even if the employee’s motives are solid. Keep your company’s data hosted on its own infrastructure.

With these four tips you can go a long way toward protecting your business, and your staff, from the detrimental characteristics of a phishing attack.

If you need help with your organization’s cybersecurity, or if you simply want some help outlining a strategy to use, contact the IT professionals at Cure Solutions today at 319-753-CURE (2873).

Unveiling the Managed Service Provider
This Florida City Will Pay 65 Bitcoins to Get File...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Tuesday, 15 October 2019
If you'd like to register, please fill in the username, password and name fields.

Mobile? Grab this Article!

QR-Code dieser Seite

Recent Comments

Take a Fresh Look at Your IT Security Budget
15 October 2019
Contact to Buy Assignment and get the assistance of highly-qualified and experienced academic writer...
Tip of the Week: 3 Tricks to Get the Most Power Out of Your Android Device
14 October 2019
These tips really amaze me and I get better detail from this topic. These type tips are very fascina...
Tip of the Week: 4 Ways to Attract and Retain Top Talent
10 October 2019
Cure solutions is the forum which is provided the information of the i.t services and the software w...
Here’s the Best Way to Safeguard Your Computers From Power Outages
26 September 2019
Light shot is a very nice app to take, edit and share the screenshot with others. Reading from aussi...
The Best Way to Protect Your Network is By Performing a Thorough Assessment
21 September 2019
You can protect your network thought he assessment this was the best way to keep it out from all err...

Latest Blog Entry

Blockchain is typically associated with Bitcoin. This shouldn’t come as a shocker because primarily that IS what it’s used for. However, blockchain isn’t a program, it’s not a product -- it’s a techno...

Latest News

Contact Us

Learn more about what Cure Solutions can do for your business.

Call Us Today

Call us today319-753-CURE (2873)

610 N Main Street
Burlington, Iowa 52601