Preying on Fear, Uncertainty, and Doubt

Cyber Fraud in an Economic Downturn


By BY JEAN-FRANÇOIS LEGAULT, CISSP, CISA, CISM, GCIH, GCFA
 

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I was recently involved in an investigation in which a laid-off employee retaliated against his former employer by using his knowledge of the company's IT systems to cause major slowdowns in information processing.

Disgruntled employees are nothing new to the corporate world, but a sharp rise in their numbers means nothing good for organizations. Information processing slowdowns due to fraud place undue financial pressure on an organization, which might already be feeling the pinch of the recession.

What else can go wrong from cyber attacks when the economy goes south? It's hard to tell because this is the first full-blown recession to occur in the Internet Age, but certain cyber scams are more prevalent as employees take advantage of the situation.


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