Cyberattacks hit the news again this week as Twitter suffered a massive hack aimed at some of the country’s most recognized and wealthiest figures, including Jeff Bezos, Kanye West and Elon Musk.
According to a statement from Twitter, the hacked accounts urged followers to send money to a Bitcoin link and was “a coordinated social engineering attack by people who successfully targeted some of our employees with access to internal systems and tools.[i]”
Individuals and organizations of all kinds are at increased risk of cyber fraud during the COVID-19 crisis. When the pandemic crisis hit the U.S. in March of this year, CO-OP transitioned 80% of our workforce to remote work in a matter of days. This enabled staff to continue serving our credit union clients without a hitch.
That doesn’t mean the move was without risk. In fact, cybersecurity concerns were top of mind for Paul Love, CO-OP’s Chief Information Security and Privacy Officer. Paradoxically, he viewed it as more of a “people problem” than a technological challenge.
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