OnPoint Community Credit Union releases updated eBook to help guard against evolving tactics in cybercrime – QNT Press Release

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From ransomware-for-hire to smishing attacks, OnPoint provides guidance on protecting against the newest cybersecurity threats.

PORTLAND, Ore., Oct. 3, 2022 /PRNewswire/ — OnPoint Community Credit Union today released its 2022 “The OnPoint Guide to Personal Cybersecurity” eBook to help consumers and businesses protect themselves amidst a fast-evolving cybercrime landscape. In 2021, ransomware attacks doubledand in the first half of 2022, malware scams jumped 11%. OnPoint updates the free eBook every October to coincide with National Cybersecurity Awareness Month and help keep the community informed of the latest online threats. From emerging cybercrime business models to a surge in smishing and attacks on small businesses, hackers are continually adapting their tactics to take advantage of vulnerabilities.

“Financial security and personal data security go hand in hand, and both require a commitment to ongoing learning and education,” said Damian LavioletteChief Information Security Officer, OnPoint Community Credit Union. “With everything from phones, cars, drones and home systems connected on the web, cybercrime is only going to keep growing—it is not going away. As cybercriminals evolve their modes of attack, we’ll continue to share best practices and resources so people can stay on top of trends and understand how to protect their identities and their bank accounts.”

The latest trends in online fraud include:
  • Ransomware as a Service (RaaS): A play on the Subscription as a Service or SaaS business model, RaaS providers market themselves on the dark web, offering their ransomware services and technology to clients in exchange for cryptocurrency. The scale of services ranges from advice and assistance to round-the-clock support that includes negotiating with the victim. While RaaS makes it easier for more bad actors to enter the market, the methods of attack remain the same. Cybercriminals access …

Full story available on Benzinga.com

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