As Bruce Schneier famously said: “Amateurs hack systems. Professionals hack people.”
Did you know…
In September 2022, there were threat actors who sought to exploit the news of Queen Elizabeth II’s death in phishing attacks to lure targets to malicious sites designed to steal their Microsoft account details. The scheme used fake Microsoft emails and claimed that the company was working on an interactive AI memorial for the Queen, including links in the body of the email that led to a harvesting page mimicking the Microsoft login page. Prior to its discovery, the UK’s National Cyber Security Centre (NCSC) had warned of such phishing attacks.
This is just one example of the many ways that threat actors can encroach upon our digital lives, both on an individual and an institutional scale.
In the run-up to Cyber Security Awareness Month, Peter Eguae shared his knowledge of cybersecurity and cryptocurrency through a recent talk hosted at Chambers with Russell-Cooke LLP. The talk sought to undermine the long-held stereotypes of how threat actors operate, along with live demonstrations of cryptocurrency transactions and the challenge of authenticating digital evidence, and therefore the associated difficulties in tackling criminal activity that is funded or carried out via this medium.
Peter previously discussed news about the establishment of a purely Bitcoin-based community in an episode of our podcast series, 7BR Part-Heard, titled “Bitcoin and the Island of Bequia“. On the episode, Peter spoke about the bank’s de-risking and the reactions from the Caribbean jurisdictions, resulting in the establishment of a centralised government-issued digital currency as a legal tender, along with the advantages and risks of bitcoin transactions.
An important way to improve cyber security awareness is to mitigate the vulnerabilities of people rather than simply the vulnerabilities of technology. 7BR understands the role that cybersecurity plays in ensuring that our operations run smoothly and in maintaining confidence in our legal service.
Happy Cyber Security Awareness Month!
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