Everyone is on the lookout for computer viruses and different malware these days. They can make your computer become slow or unresponsive, trigger spam emails to be sent from your e-mail client and can compromise sensitive information. A majority of the population believes they are aware of the dangers these malicious surprises can cause resulting in inconvenience and annoyance, but what many individuals and business owners do not realize is that there is a new emerging threat that can swiftly render your entire company's (and customer’s!) data obsolete or even put it completely out of your reach.
Retired General Keith Alexander who served as Director of the National Security Agency and Commander of the United States Cyber Command referred to cyber crime as the "greatest transfer of wealth in human history". The anonymity provided by cyberspace and the sheer number of connected people and devices ensures cyber crime will remain an area of growth for criminal networks and of risk for individuals, businesses and governments.
AFGlobal Corporation, a Texas based AS9100 certified manufacturer servicing the aerospace market, is battling their insurance company in a Texas district court to get back $480,000.00 lost to a cyber scam dubbed “Business Email Compromise” by the Federal Bureau of Investigation (FBI).
ERAI has recently reported multiple cases of suppliers' emails being hijacked or infiltrated resulting in multiple Buyers losing over $35,000.00 in just over one week alone.