Mimecast: How to Protect One’s Crypto From Phishing
Cybercriminals have targeted the cryptocurrency community since bitcoin's inception, and many crypto owners are falling prey to schemes like phishing.
What is phishing?
Phishing is a digital crime where cybercriminals aim to steal a user's private information. Scammers deploy their attack by disguising themselves as trusted organizations or entities to trick a user into mindlessly handing over details like their Social Security number, credit card information, bank credentials, and in this case, crypto wallet details.
Use Multi-factor authentication
There is no surefire way to keep cybercriminals from attempting to breach an organization's system. However, it is possible to make it harder for attackers to succeed in obtaining sensitive information. Multi-factor authentication (MFA) is an easy passive approach for users to secure their crypto wallets.
MFA adds an extra layer of protection on top of passwords for both an organization and an employee. So, a password will not be enough even if a user falls victim to a phishing scam.
Avoid fraudulent emails
Remember, if something looks too good, it probably is. Over 270,000 Ledger wallet users had their emails extracted in 2020. Phishing attacks, like the breach against Ledger users, promise free wallets that are secretly compromised.
Messages that are urgent or prompt a speedy response may also be phishing scams. Other phishing messages may state that if a user does not act now, their account with whatever legitimate organization the attackers are impersonating will be suspended.
Most reliable companies will offer ample time for customers to get their affairs in order. However, it is best to ignore such messages as this is a favorite method for cybercriminals. When in doubt, contact the source directly to clarify the matter instead of interacting with the potentially fraudulent message.
Also, users should scrutinize emails with a sharp eye — especially ones with such grand requests and promises. Keeping an eye on the email's domain and checking for spelling mistakes could be the telltale signs a user needs to identify the phishing scam.
Keep the private keys secure
Users must keep their private keys, the line of letters and numbers used to access their cryptocurrency that resembles a password, private.
A user's private key is something that they should never disclose.
Use an email filter
To protect against spam messages, users and organizations can use a spam filter that can effectively assess the message's origin and the software used to send the message. In addition, a spam filter may determine whether a message is spam or not based on its appearance.
Email filters are the first line of defense against phishing scams of all sorts and will actively scan any emails going through a user's server for spam, malware, and malicious attachments and links.
Prepare! Prepare! Prepare!
The success of phishing attacks hangs on the preparedness and education of the target. Security awareness training on how phishing scams work can go a long way in keeping a company's and a user's crypto safe.
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Original Source: Mimecast: How to Protect One's Crypto From Phishing
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KELA Releases ‘State of Cybercrime Threat Intelligence’ Report
TEL AVIV, Israel - August 30, 2022 - (Newswire.com)
KELA, the world's leader in preventing cybercrime, has released the findings from its new "State of Cybercrime Threat Intelligence" report.
Kela surveyed 400 security team members in the U.S. who were responsible for gathering cybercrime threat intelligence daily to better understand if they're proactively scanning the dark web and other cybercrime sources, what tools they're using, the gaps they see in their cybercrime threat intelligence approach, and more.
"We found organizations may be less prepared for threats emerging from the cybercrime underground than they should be," said David Carmiel, KELA CEO. "At KELA, our extensive intelligence expertise has shown us just how complex the cybercrime underground really is. The threats are much more comprehensive, and what organizations know and refer to as the dark web is changing within the hour. With these findings, we hope to proactively educate the security community about the state and future of cybercrime so they can stay ahead of the curve."
Key Findings:
- 69% are concerned about threats from the cybercrime underground.
- 54% wouldn't be surprised to find their organization's data on the cybercrime underground.
- Only 38% believe that they're very likely to detect it if it was released.
- 48% have no documented cybercrime threat intelligence policy in place.
- Only 41% believe their current security program is very effective.
- 49% are not satisfied with the visibility they have of the cybercrime underground.
- Of the 51% who were satisfied with their visibility into the cybercrime underground, 39% were still unable to prevent an attack.
- Additional training and proficiency in cybercrime intelligence investigations is the most needed capability.
To download a full copy of the report, please click HERE.
Understanding the deep need for training due to knowledge gaps that security teams face with regard to cybercrime intelligence, KELA is honored to offer a new Threat Hunting Workshops Series that will launch in Q4 2022. The workshops are part of the company's mission to empower security practitioners to neutralize cybercrime threats and ensure the protection of their organizations.
About KELA
An award-winning cybercrime threat intelligence firm, KELA's mission is to provide 100% actionable intelligence on threats emerging from the cybercrime underground. Our success is based on a unique integration of our proprietary automated technologies and qualified intelligence experts. Trusted worldwide, our cybercrime threat intelligence and cybercrime attack surface intelligence technology automatically penetrates the hardest-to-reach corners of the internet to provide you with unique, contextualized, and actionable insights. Our solutions infiltrate underground places your team can't reach and thoroughly learn your unique requirements to uncover direct threats to your organization. KELA's tailored threat visibility, combined with cybercrime attack surface visibility, arms you with highly contextualized intelligence, as seen from the eyes of attackers, thus enabling proactive network defense. For more information, visit www.ke-la.com.
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Efrat David
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Original Source: KELA Releases 'State of Cybercrime Threat Intelligence' Report
PLA Acquires TaylorMade Pallets & Logistics
DALLAS - August 30, 2022 - (Newswire.com)
Pallet Logistics of America ("PLA" or the "Company"), a portfolio company of Silver Oak Services Partners, LLC ("Silver Oak") and an asset-based pallet management services provider, has acquired TaylorMade Pallets & Logistics ("TaylorMade"), the largest independently-owned pallet company in Central/South Texas. Founded in 2000 by Jeff and Jenny Gill, TaylorMade is a family-owned and operated provider of new, recycled, remanufactured, and custom-sized pallets. With a 17-acre facility in San Antonio, Texas, TaylorMade serves a highly-diversified customer base, including various Fortune 500 companies.
The acquisition of TaylorMade brings PLA's asset network to 77 facilities and expands the Company's capacity and service capabilities within the South Texas market. "We are honored to join the PLA Family of Companies," said Byron Evans, CEO of TaylorMade. "Our entire team is looking forward to offering South Texas an even broader array of pallet and logistics services through PLA's expansive network and capacity."
"I'm proud to welcome TaylorMade to the PLA Family of Companies," said Kyle Otting, CEO of PLA. "TaylorMade's highly-efficient operations, dedication to quality, and commitment to their customers have earned them their position as one of the leading pallet operators in South Texas."
Wade Glisson, Partner at Silver Oak, added, "We are excited to partner with the Gill family, Byron Evans, and the entire team at TaylorMade, and look forward to supporting their continued growth. TaylorMade represents the sixth strategic partnership within the PLA platform, further expanding our footprint and enhancing our service capabilities."
About PLA
Founded in 1989 and headquartered in Dallas, Texas, PLA is a national supply chain solutions provider offering Pallet Management Services, 3PL Services, Reverse Logistics Services, and Freight Brokerage & Transportation Management Services, handling more than 115 million pallets per year for over 500 customers. Operating under the Pallet Logistics of America, Pallet Repair Services ("PRS"), Pal-Serv, Propak, TaylorMade, Valley Pallet, and Yancey Pallet brands, PLA operates over 75 facilities across the U.S., providing a comprehensive suite of supply chain management solutions. Learn more at www.plasolutions.com.
About TaylorMade Pallets & Logistics
Founded in 2000 by Jeff and Jenny Gill, TaylorMade is a family-owned and operated provider of recycled, new, and custom-sized pallets. Based in San Antonio, Texas, the company is the largest independently owned pallet company in Central/South Texas, with a 17-acre facility and over 100 trailers. Learn more at www.taylormadepallets.com.
About Silver Oak Services Partners
Founded in 2005 and based in Evanston, IL, Silver Oak Services Partners, LLC ("Silver Oak") is a lower-middle market private equity firm focused on partnering with exceptional management teams to build industry-leading business, consumer, and healthcare service companies. Silver Oak utilizes a proactive, research-led investment process to identify attractive services sectors and seek out the best potential management teams and investment opportunities. Silver Oak seeks to make control investments in leading service businesses with $15 to $150 million in revenue. The firm is currently investing out of its fourth fund, a $500 million investment vehicle. Learn more at www.silveroaksp.com.
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Hillary McCutcheon, Freshwater Marketing
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Original Source: PLA Acquires TaylorMade Pallets & Logistics
