4 Things Victims of Cybercrime Have in Common
Scott Augenbaum, retired FBI Special Supervisory Agent
Scott Augenbaum, is a retired FBI Special Supervisory Agent, author, and keynote speaker specializing in cybercrime investigations. Scott shared his experiences this week of working with the victims of cybercrime over the past 20+ years, from huge multinational businesses to mom-and-pop retail shops. These are the four things that cybercrime victims have in common.
No victim ever expected it to happen.
Once the bad guys break in and steal your data, the chances of Law Enforcement fixing it are about ZERO.
The bad guys won’t go to jail.
Most victims could have prevented the attack.
NO ONE EVER EXPECTS IT TO HAPPEN
Quite common and really, who expects to become a victim of crime anyway? In the online world, you are a target, usually of opportunity. We all receive phishing emails, sometimes dozens a day, so logically we’re all aware of this attack vector. Everyone should realize that a cyber event that causes data loss and service interruptions, regardless of how large or small our companies are is probable depending on your industry. While we only hear about the big guys getting breached like Target, Colonial Pipeline, Maersk, Experian, Sony, etc., understand that for every one of these headline grabbers, there are hundreds or thousands of small businesses getting successfully breached that we never hear about. If we understand that the bad guys are always looking for victims, we should admit that it’s at least a possibility and take positive steps to reduce our risks.
LAW ENFORCEMENT CANNOT FIX IT
Law enforcement cannot fix it after it happens. It’s the nature of cybercrime – most people/businesses don’t know they have become a victim until after it’s happened. No one can turn the clock back on an attack unless you planned ahead with solid, tested backups and recovery processes, practiced how your business would respond to various cyber events, and took steps to reduce the likelihood of a successful attack. This doesn’t mean don’t notify law enforcement, there are financial crimes that need to be reported immediately in order to have a chance of recovering a fraudulent transfer, for example, but that is outside the scope of this article. Your IR (Incident Response Plans) should outline your plans based on the type of cyber security event experienced.
THE BAD GUYS WILL NOT GO TO JAIL
Due to the international nature of cybercrime, it’s very rare for someone to be held accountable for a crime. Even if they do get caught, the likelihood of you being made whole because of this is next to zero.
MOST VICTIMS COULD HAVE PREVENTED THE ATTACK
With simple preventative measures, you can reduce the likelihood of becoming a victim.
ABOUT SCOTT AUGENBAUM
After joining the Federal Bureau of Investigation (FBI) in the New York Field Office in 1988 as a support employee, Scott Augenbaum became a Special Agent in 1994 and was assigned to the Syracuse, New York Office, where he worked domestic terrorism, white collar and hate crimes, and all computer crime investigations. Author of the Book: The Secret to Cybersecurity: A Simple Plan to Protect Your Family and Business From Cybercrime
Interested in Five Simple Steps to Prevent a Cyberattack? Read our tips now.