2.Cybersecurity: Understanding the nature of attacks . Stealing your money

Cybersecurity: Understanding the nature of attacks . Stealing your money

Understanding the nature of attacks

Stealing your money is one of the biggest motivators for criminal activity, and there are many different ways of doing this:

Getting your passwords to your online bank account and transfering your money to their account.

Getting your credit card details and using them to buy goods and services.

Getting your credit card details and then selling them to another criminal, who will use them to buy goods and services

Persuading you to transfer money to the criminal's bank account.

For example:

By buying goods that don't exist - often at bargain prices.

By booking holiday accommodation on a fake website.

By sending you or your business an invoice from a fake supplier

By impersonating someone - often a senior manager - in your business, and issuing an instruction to make an urgent payment to the criminals bank account.

By cultivating a love interest -  an online love affair that slowly builds over a long time, drawing you in, until you are asked to send money for hospital treatment, or to cover the cost of the air fares for them to visit you - paid into the criminal's bank account. These often copy images and events from someone else's online blog, so they seem very real. The criminal may also study any online information available about the victim in order to target the victims weaknesses.

By blackmail after obtaining pictures of a sexual nature, or obtaining other information that might cause the victim problems if it were made public. But if you pay the first time you will be asked to pay again and again. Such blackmail may also follow the fake online love affair after explicit images have been exchanged.

By extortion after taking over your computers or your business computers and denying you access to your software and your data ( Ransomware ) - but note there is no guarantee you will get your data or access back even if you do pay up.