The Impact of Cybercrime on Executive Leadership.
When it comes to cyber threats, the C-suite and board room have a lot to worry about. Increasingly. Cyber criminals are targeting company leadership to gain access to networks, information, notoriety, and money. And when an executive’s account is breached, it can trigger and earthquake for the entire enterprise.
Aftershocks often include phishing scams, exfiltrated intellectual property, exposed stolen customer lists, and countless other incident that cause severe financial and brand damage for the company or organization – not to mention the personal impact of an attack on the individual, and potentially their circle of trust.
In fact, by analyzing hundreds of breaches and deconstructing how criminals stole identities, 4IQ determined that sophisticated cyber crooks often monitor people close to the executive for clues about his or her vulnerabilities and possible attack vectors.
The palace wall approach – building defense, such as firewalls, with the hope that nobody breaks in – is no longer enough.
“In this whitepaper, 4iQ explores the risks facing executives in a new era of cyberattacks and highlights the need for companies and executives themselves to be more proactive.
This involves active monitoring on the dark web for not just the executive or board member, but also their families, colleagues, and professional support staff. It involves alerting executives as soon as their credentials have been stolen, and taking steps to protect network access when credentials have been compromised. Because if your credentials are not already exposed, it’s just a matter of time before they are.”