Category: Featured News

The Business Scams That Your Business Needs to Know About

At their heart, many criminals are also entrepreneurs – they’ve just decided to embrace the faster money and higher risks of illegal markets. However, just like other entrepreneurs, every criminal wants to maximize their ROI – increasing the amount of money they are earning while minimizing the amount they are spending. For however many dollars they put in, they can expect to get a certain number of dollars out. Here are some of the scams you need to know about.

CEO Fraud

A new type of scam which promises to enhance the ROI of many existing operations is beginning to be more frequently deployed by scammers. The Business Email Compromise (BEC), also known as ceo fraud, is a variant on conventional phishing attacks that businesses need to watch out for.

Phishing Attacks

Phishing attacks use emails that are masquerading as legitimate messages, containing links or attachments that look harmless but actually enable an attacker to execute malicious code. A spear phishing email is a phishing email that has been carefully crafted for a particular recipient. These were a notable feature of the Russian attacks on the 2016 elections – a spear phishing email crafted specifically for John Podesta ended up granting GRU access to the entire DNC network.

More About Spear Phishing

Spear phishing emails are more likely to be successful than the scattergun approach that phishing spam takes. Regular phishing emails rely upon users being susceptible and, for the most part, technologically illiterate. Often the scammers will have a list of emails from some database or other – every time one of those high-profile data breaches occur that we all collectively shrug our shoulders at, millions of people’s information is exposed.

Sometimes, passwords are exposed in these breaches, although that is relatively rare. When passwords are exposed, they are usually encrypted and, if the service in question takes security seriously, they will also be salted and hashed.

However, this is not always the case. You can enter an old email address into haveibeenpwned.com to see how many times it has been exposed in a breach and any passwords that have been exposed alongside it.

BEC Scam

The BEC scam utilizes spear phishing, spoofing, type squatting, or some other type of phishing attack, inducing the user to enter their username and password, thinking they are logging into a email phishing business scamslegitimate service.

The email itself deploys urgency and claims to have been sent at the behest of a CFO or CEO who is now in a meeting and therefore unavailable.  To disguise the lack of a corporate signature, the scammers use the ‘Sent from my iPad’ signature and explain that they are using a personal device. This also enables the scammers to get away with imperfect English as mistakes are written off as autocorrect. If hackers have any additional information that they can use to make themselves seem legitimate, they will often throw that in too.

In some cases, the scammers will use social engineering to convince employees to do things they normally wouldn’t. The best way to defend against this attack is to educate your employees about it. Once they know about it, it is fortunately easy to spot. Never open attachments you aren’t expecting without verifying in person that they are legitimate. Don’t open links or attachments from email addresses you don’t recognize, even if they purport to be from someone you know.

How 5G Mobile Technology Can Help Your Business Soar

There has been lots of buzz around the topic of 5G for some while now, and it looks like we’re finally starting to see it emerging. As the end of 2019 becomes the year the long-awaited launch of 5G mobile technology takes place, it’s time for businesses to get excited.

In today’s world, we have an abundance of small businesses and entrepreneurs all looking to launch products and services never been seen before. It’s those within these industries that are said to benefit from 5G more than anyone, with many expecting 5G to become the business game-changer we have been waiting for.

How Can 5G Help Small Business?

The introduction of 5G could have many practical benefits for a large array of business. One of the main wow factors is that 5G offers a substantially faster download speed, meaning that those using it will be able to download videos at speedier rates, as well as being able to upload HD and 3D videos much faster than ever before.

No longer will users be sat watching the clock while that 30-minute-long HD video downloads! This introduction immediately allows more time for businesses to spend doing other promotional activities.

Document sharing

Businesses which rely heavily upon online data and sales will possibly have to share large documents, which take longer to upload. With the introduction of 5G, document sharing will be done at much faster speeds, sending important documentation all around the world much quicker.

When everything is sped up, this improves the overall efficiency of a company’s processes. This should result in more capacity to take on other tasks and the need for fewer resources. In theory, this should save costs and increase revenue as a positive result.

Encourage remote working

As jobs become more reliant on the internet and constantly involve travel, many businesses are becoming familiar with mobile working. Introducing it has been tricky for some, with worries about employees’ connections and speeds when not working in the office.

With the additional capacity and speed that 5G offers, this could make it much easier for entire teams to start working from locations.

Several people could all be connected to their head office systems yet be based remotely around the country.

Staff development

Business owners, entrepreneurs, and employees are going to witness the business industry moving at a much faster speed than it did previously. As businesses will take on more advanced processes and technologies, those who want to excel in business will see themselves wanting to develop their learning too.

Companies will start to move much faster, opening up opportunities for more time to be spent on product development and business growth plans, as time allows. With the faster pace of a business’s future, this is going to encourage those who want to take up online learning to grow their skills. There are many online courses which can be accessed at any time with huge flexibility, training employees, and business owners further in subject areas like Business Analytics. You can take a look at this website for more details.

Which businesses will benefit the most?

Most businesses will reap the benefits of a faster, more capable network, but there will always be certain industries that will gain exceptional opportunities. The ones mentioned below may be the ones set to experience potential growth from the introduction of 5G:

Healthcare:

It’s possible that when 5G is fully rolled out, it could bring on the introduction of the ‘Remote Surgery.’ 5G could be set to make a huge difference in how healthcare is provided, giving access to millions of people in a remote location.

Some of the most advanced telecom equipment manufacturers have already been working with medical specialists and doctors to look at testing 5G-compatible prototypes. These include possible touch-sensitive gloves which can be connected to remote robots.

 Marketing and media:

The biggest aspect of marketing that 5G is tipped to assist with is virtual reality: creating those out-of-this-world virtual experiences. Virtual reality sits within the future of marketing for many businesses, offering customers the chance to see or experience something without physically being there. Think of travel companies, sharing holiday experiences, or clothing companies, letting you browse items that aren’t in physically in front of you.

For news and broadcasting:

News sharing is all about speed, in which 5G is said to help national and local broadcasting companies with expanding how they gather news via mobile. In this aspect, the news really will travel faster.

Bottom line 5g mobile technology for small business

It might seem like we are living in an already highly connected world, but this is nothing compared to what 5G can deliver. The arrival of 5G will not only stimulate the rise of start-ups, entrepreneurs, and small businesses but will start to make significant differences in how existing businesses are run.

Businesses should start to see increase efficiencies, faster access to resources, and reduced costs. This alone makes 5G a fantastic launch for SME’s.

Most importantly, this faster mobile technology will be able to empower a whole new range of tech applications, that potentially hasn’t even been planned yet. The world is set to see more advanced than it has ever experienced before, and it’s predicted to be an exciting time for all.