Modern-day fraudsters use every trick in the book when it comes to infiltrating a network. They are well prepared, well researched, and highly innovative. One of the most common tactics used to glean valuable information is social engineering, using techniques such as phishing or collecting data from social media.
According to a report released by National Fraud & Cyber Crime Reporting Centre, students in the UK's universities are being hit by a new wave of phishing emails that claim to offer a scholarship or an educational grant. The phishing email takes them to a fake website where they are deceived into revealing their personal information such as bank details.
If we want to get better at fighting against hackers, the focus needs to be on what businesses need to protect and in assessing whether they have data or assets that are worth hacking. Our research found that 66% of people believe hackers are motivated by financial gain, with just 9% believing it was disruptive political or religious aims.
We need to rethink what it means to move something to the server, cloud or otherwise. We can embrace the cloud, but we need to deal very carefully with what we send to it. People need more control when it comes to their personal information, and we have to stop this obsession with moving data around for the sake of it.