GettingPersonal
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Getting Personal The impact of cybercrime on executive leadership. Executive Risk Whitepaper Corporate leaders and directors are often the targets of cyber crime. Sometimes they are just collateral damage. In either case, it can be costly and career ending. EXECUTIVE RISK WHITEPAPER Contents [2] Executive Summary [3] Take it from the top [6] A Broken Circle of Trust [7] Accidents Happen [8] Sent Packing [9] Spare Me [10] Conclusion © 2017 4iQ, Inc. All rights reserved. [ 1 ] EXECUTIVE RISK WHITEPAPER Executive Summary When it comes to cyber threats, the C-suite and board room have a lot to worry about. What would a breach do to our company’s reputation? What could happen to our stock price? What if our intellectual property is stolen? How could the cost of a breach affect our financials? Or our viability as a company? These are all important questions, and smart companies consider how to answer them before an incident occurs. But there is one question that few executives think to ask until it’s too late: What if I am the source of the breach? When a CEO’s account is breached, it can trigger an earthquake for the entire enterprise. Aftershocks often include phishing scams, exfiltrated intellectual property, exposed stolen customer lists, and countless other incidents that cause severe financial and reputational damage. 4iQ’s unique, outside-in approach can keep you and your company safe. We scour the full attack surface to uncover lost, leaked or stolen credentials and data. © 2017 4iQ, Inc. All rights reserved. [ 2 ] EXECUTIVE RISK WHITEPAPER Take it from the Top Increasingly, cyber criminals are targeting company leadership to gain access to networks, information, notoriety and money. Nobody is safe. Consider just a few of the executives and high-profile people who have been hacked recently: Exposed Executives and Celebrities Alf Goransson, former CEO. Bo Shen, founder of Fenbushi Capital. Identity Theft Social Engineering Stolen identity was used for a false Bo, an early investor in digital currencies loan application in March 2017. No Ethereum and Augur, was considered a “whale.” legal action was taken until District Hackers stole and dumped his REP and ETH, Court declared him bankrupt in July. which then caused trading prices to plummet. Amy Pascal, Sony Pictures. CFO and Head of Investor Relations Email Hijack Insider Hacking Hackers leaked Pascal’s embarrassing Former IT technician stole passwords of company emails that damaged her reputation, executives and remotely accessed electronic caused a PR disaster for the company devices and mined confidential information to and ultimately forced her to resign. make “highly profitable” stock trades. Sundar Pichai, Google CEO. Werner Vogels, Amazon CTO. Account Takeover Account Takeover OurMine Hackers took over his Twitter CTO of Amazon Web Services had his social account by going through his linked networking account hacked and taken over. Quora account. Katy Perry, celebrity. Anne Hathaway, celebrity. Social Media Hijack Social Media Hijack The most followed person in the world Intimate photos have surfaced and widely shared had her Twitter account hijacked. on Tumblr, Twitter and Reddit. Hackers tweeted profanity and slurs targeting rival popstar Taylor Swift. Tiger Woods, golfer, celebrity. Social Media Hijack Dozens of nude photos of Tiger and other celebrities were hacked and released on an internet porn site. © 2017 4iQ, Inc. All rights reserved. [ 3 ] EXECUTIVE RISK WHITEPAPER These examples are of sophisticated executives at the helm of cutting edge tech companies or people in the public eye with careers dependent on their reputation, yet their accounts and identity are often compromised largely using the same tactics that put us all at risk. Let’s start with this one. 1. CEO Phishing Scams Cyber criminals use phishing to gain access to identities and networks for one good reason – it works. Every day, even the most tech savvy execs fall for spoofed emails. By clicking on a seemingly innocuous link or entering a password in a familiar looking site, they put untold personal and corporate information and reputations at risk. Preventing phishing scams is particularly vexing for corporate IT departments because they often do not set off spam traps. They aren’t mass emails and they use familiar domains. In 2015, Ubiquiti Networks, a San Jose based maker of networking technology, was taken for $46.7 million when a hacker “impersonated” executives and directed funds to be transferred to an overseas bank. Tech Firm Ubiquiti Suffers $46M Cyberheist Networking firm Ubiquiti Networks Inc. disclosed this week that cyber thieves recently stole $46.7 million using an increasingly common scam in which crooks spoof communications from executives at the victim firm in a bid to initiate unauthorized international wire transfers. [1] In April 2016, Brian Krebs reported that the U.S. Federal Bureau of Investigation (FBI) alerted the public of a global increase (270%) in identified victims and exposed losses from “CEO scams.” As Brian notes in his blog, spoofed emails rarely set off spam traps because they are carefully calculated and targeted, not mass emailed. FBI: $2.3 Billion Lost to CEO Email Scams The U.S. Federal Bureau of Investigation (FBI) this week warned about a “dramatic” increase in so-called “CEO fraud,” e-mail scams in which the attacker spoofs a message from the boss and tricks someone at the organization into wiring funds to the fraudsters. The FBI estimates these scams have cost organizations more than $2.3 billion in losses over the past three years. [2] [1] August 8, 2015. Brian Krebs. Tech Firm Ubiquiti Suffers $46M Cyberheist [2] April 16, 2016. Brian Krebs. FBI: 23 Billion Lost to CEO Email Scams © 2017 4iQ, Inc. All rights reserved. [ 4 ] EXECUTIVE RISK WHITEPAPER 2. Stolen credentials If cyber crime is a fast moving wildfire across the global internet, stolen credentials are the oxygen. They are the source of 80% of all data breaches. Massive 711 Million Emails and Passwords Dumped and you are Probably on the List...I Was A malware researcher going by the Twitter handle, Benkow moʞuƎq, uncovered a huge stash of emails and passwords stored on an open server in The Netherlands. The stolen credentials were apparently harvested by a spambot known as, Onliner. This spambot has been used to deliver banking malware which has compromised over 100,000 accounts. [3] Like the rest of us, executives frequently use the same username and password combinations to log in to multiple accounts. On average, most people use 2 - 5 passwords to access 25 accounts. This means that once a hacker gains the credentials that At 4iQ, we estimate an 80% chance a unlock one site, with a little time and the right software, he or she can gain access to the executive’s other online hacker can find a password belonging accounts, including the enterprise network. This is an to the victim if 3 different accounts all-too-common way intellectual property, money and are able to be tested. identities are stolen, and networks are held for ransom. After the credentials are used, accounts drained and networks ransacked, criminals usually sell (or dump) the information on the dark web for others to use. At this point, it is a “free for all” and the stolen credentials are available for anyone. It’s akin to leaving your keys in the ignition with the engine running and the doors unlocked. Mark Zuckerberg used the same password (“dadada”, seriously) to login to his Facebook, Adobe and LinkedIn accounts. Needless to say, they were breached multiple 92% of Executives have times. The last time, he learned of it by a tweet sent by credentials Exposed hackers from his very own Twitter account. PASSWORD DECRYPTED EMAILS BREACH/SITE ALGORITHM PASSWORD [email protected] Linkedin SHA1 dadada [email protected] MySpace SHA1 *****fee [email protected] Last.fm MD5 *****v3a [email protected] Adobe 3DES dadada [email protected] Tumblr SHA1 *****nis [email protected] Dropbox SHA1 *****325 [email protected] Fling None *****980 [email protected] VK None *****123 [email protected] Adobe 3DES dadada [3] August 30, 2017. SecureYourWorkplace.net. Massive 711 Million Emails and Passwords Dumped and You Are Probably on the List...I was © 2017 4iQ, Inc. All rights reserved. [ 5 ] EXECUTIVE RISK WHITEPAPER A Broken Circle of Trust Password Security Checklist By analyzing hundreds of