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Dangerous Hooded Hacker Breaks into Government Data Servers and Infects Their System with a Virus. His Hideout Place has Dark Atmosphere, Multiple Displays, Cables Everywhere.
The term “unauthorized access” means invading the privacy of someone’s computer without their consent. Such a situation can arise if you leave your system unattended or you are using your internet without any firewall to protect against malware and viruses. In order to protect your data, you can take preventive measures regardless of the operating system you use.

Today, users are aware of password protection that is essential for wireless networks and systems. Irrespective of the fact that cyber rogues can get access to your private data, there are still a few loopholes that most users aren’t aware of. Therefore, the shortcomings are utilized by cybercriminals in order to gain access to your system.

In this article, the best tips and techniques are covered to prevent unauthorized computer or network access.

Install all Security Patches

People who are using Windows PC often ignore Microsoft updates that ensure the security and protection of your confidential data. These usually pop up during work – thus users tend to ignore them to avoid interruptions. However, what they are not aware of is that these updates are critical as they include updated security patches that ensure better data protection. If you are concerned about why these updates are required, it is because the operating system and browser that you use have certain susceptibilities, which may give unauthorized computer access to hackers. In addition to this, hackers can easily determine loopholes to invade a computer. It is recommended to set the Microsoft Updates to automatic so that you can save your time and valuable data.

Browsing the Internet?  Pay Attention to File Sharing

This is critical if you are surfing the internet on a Local Area Network (LAN) where the file sharing feature is enabled for unlimited users. To keep your data protected, you should disable this feature. If you do not want to disable it, share files and folders only with users and systems you know. Leaving it enabled can make your system an easy target for hackers to invade.

Keep the Firewall On

If you understand the concept of a firewall, you should know its significance as well. This basically acts as a protective wall or layer between you and the internet. Before sending, a firewall’s primary responsibility is to track and scrutinize all the data exchanged between the computer and the server. In instances where your firewall thinks there is a threat, a pop-up warning message may appear to notify you. Having a firewall turned on, you can easily stop potential threats in the form of a malware or virus.

Carefully Read your Email Messages and Know the Senders

The majority of users tend to ignore or neglect email security despite knowing about it. It is imperative to ignore email messages you receive from unknown sources. Further, do not open any attachments included from a source that you do not trust. One of the oldest methods to send malware and viruses is through email attachments.

Maintain a Proper Backup of your Data Online

One thing that you should avoid doing is surfing the internet for important data on a computer that is infected. It may further create troubles as hackers can easily invade your computer to get unauthorized access to your valuable data and information. It is recommended to create and maintain a backup of all your data online. There are different platforms available to store your data on the server. Rest assured, such platforms are reliable as they offer limited or unlimited storage space for a specific amount.

Use Strong Passwords

It is essential to use a personal password for all of your accounts to prevent unauthorized access. A user has to be more careful about this if they use a shared system. Apart from this, make sure to change passwords often.

  • Use antivirus software. “Do not avoid security patches”. Download a strong antivirus to prevent viruses, worms, and others. This will prevent your computer from being hacked.
  • Keep the software up to date.
  • Verify your software security. Do not allow any application to make changes to your computer.
  • Back up early and often. Make use of websites that provide storage and allow you to keep a copy of your information. It will help to keep the data safe.

Check out America's Best Bookkeepers

About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

Hand holding mobile with pay word and bill icon feature with blur back office counter background,Digital Lifestyle concept.
With mobile wallets attaining rapid popularity, hackers and cyber criminals have taken this as an opportunity to explore innovative ways to gather access to your sensitive financial data. A mobile wallet is essentially what it sounds to be. Instead of keeping cash and cards in your wallet, you can simply pay for things and track your financial data through your smart phone, 

Many times, cyber criminals and hackers buy online services such as mobile or DTH recharges rather than shifting the money into their own wallet. This is a way to avoid being traced. They consequently convert their procurement into liquid currency. Later, they monetize the acquisition through the recharge dealers known to be conniving in the hack. That’s why it is always recommended not to store big amounts of money in your mobile wallet.

Cyber Criminals Compromising your Mobile Wallet

There are some things that hackers and cyber criminals resort to so that they can gain unauthorized access to your wallet. After they have successfully hacked into your wallet, they can easily gain access to all of your credit/debit card details that are saved in your wallet. Nowadays, many mobile wallets have the option for users to save their card details. If a hacker gets access to them, they can sell them on the Dark Web.

Another noteworthy thing to remember is that, even though your wallet does not include the CVV or expiration date, the data can be exploited for targeted phishing strikes. In this scenario, a hacker can contact you pretending to be your bank official. The hacker has their hands on all significant details of your account so that they can easily convince you that they’re from your bank.

Your mobile wallet includes each and every detail of when, how, and what you spend your money on. Once the cyber criminal has compromised your wallet, it will be easily used to steal all of this crucial information and sold to advertisement corporations.

How about another example? A hacker digitally robbing a bank and later on redirecting them to their mobile wallet, thinking they cannot be traced. In these scenarios, the hacker will be held for theft. Even if they are proved not guilty, they will still have to go through the time-consuming and exhausting procedure of formal prosecution.

How to Secure Your Mobile Wallet

Never ever permit any application to scan your SMS’s. You need to pay special attention to the applications that ask for consent to read your SMS since there might be a possibility that these kinds of applications read your OTP (One Time Password). Always restrict the permission to go through your messages for the applications that you feel don’t need this feature.

One more thing. Never share your one-time password (OTP) with anyone on messages, calls, or even in personal conversations as hackers can log into your account. They can trick you into providing your OTP that was directed to your phone and then illegally access all of your wallets.

Is your mobile wallet lacking security?

Whenever an individual is carrying out a transaction, the phone interacts with the servers of the mobile wallet company and information is exchanged. There are some wallet apps that do not observe basic rules such as encrypting the information when a transaction takes place.

If you do happen to capture such security issues, maintain the proof. You might be able to get a recourse for it. On the other hand, if you cannot provide any proof, there is not much you can do. This is because wallet companies won’t take any of the responsibility if the transaction used all of the accurate credentials. What you can do is speak to the cyber crime authority pertaining to your town and file a grievance.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

 

Creative abstract cyber crime, online piracy and internet web hacking concept: 3D render illustration of the macro view of metal handcuffs and wooden judge mallet, gavel or hammer on laptop notebook computer keyboard with selective focus effect
When your business is hacked, it affects not only information related to the business, but also information of your clients. For a business owner, situations like these can end up in gravely negative consequences. The hacker could gain full access to all of your business’s bookkeeping, which could be disastrous.

There may be a small business owner thinking, “I run a small business, who would hack me?!” Regrettably, you’re mistaken. Smaller businesses are actually more prone to hackers and security threat than larger businesses are. 

Marketing is another area that can deeply hurt your business if your website is hacked. If you receive malicious codes on your website, it will intensely influence your search rankings. Search engines like Google bring your website up, not just for links and content, but also if that particular website is secure for users. If your website is compromised, you will find a deflation of your domain until you get it cleaned up.

The Major Consequences for a Business that has been Hacked

 

Loss in Sales

Bad news travels faster than the speed of light. If your business website is hacked and information has been compromised, it is most likely that the public will stay away from your business, no matter what.

Reputation can be Damaged

Once your business website is hacked, it can be a challenge to get your good reputation back. It is extremely hard to win consumer trust in the first place. Rebuilding their trust is even harder. The best you can do is spend hours and hours on public relations, marketing, and reputation management.

Costs from Compensation

Once you know your business website has been compromised, you need to win back your clients and consumers. You may need to give compensation to your clients through offering identity theft insurance and/or free credit monitoring. It may be free for your clients, but for you, it is a lot more than free.

Legal Action

Unfortunately, lawsuits are routine nowadays. Irrespective of if you win or lose, legal action expenditures can be quite huge. If the breach happened because your company made mistakes, it’s probably safe to assume that the law will not stand on your side.

Fines

Here’s some good news for you. If an individual’s credit card is used fraudulently, they are not required to foot the bill. The bank will do the refunding. And, now, the bad news. You will be passed on those charges by the bank as a fine.

Audits by the Government

Irrespective of the country you are doing business in, if it is large enough, there is a big possibility that the country’s government organization (in our case, the Federal Trade Commission of the United States of America) will come knocking at your door to perform an audit. There may even be a chance that they decide to impose a fine on your company if they find non-compliance to guidelines like PCI DSS (Payment Card Industry Data Security Standard).

Costs for Remediation

Don’t think that the consequences end here. You will also be required to fulfill internal remediation costs. What are remediation costs, you say? Well these costs comprise of the following:

  1. Costs to inspect what happened
  2. Costs to improve your security position
  3. Costs of firing and hiring employees
  4. Costs of whatever it will take to re-mediate your inner information security environment

Conclusion

With such dire consequences like these, you can see how easily the costs mount up when a business is hacked. Most businesses find it extremely difficult to recover from not complying with the PCI DSS Standards.  The best you can do is ensure that you are following the rules and regulations of your area and initiate security standards into your company.


Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.