Unpacking The Top Cybersecurity Threats To The Paperboard Packaging Industry BY PAPERBOARD PACKAGING COUNCIL You may think as a paperboard manufacturer you have immunity from the likes of cybercriminals. However, according to John Motazedi, CEO, and founder of SNC Squared, that couldn’t be further from the truth. John was one of the presenters at PPC’s virtual FEI forum and spoke exten-
sively about the dangers of cybercrime as well as the best ways to avoid being a sitting duck to cybercriminals. No Business Is Off-Limits One of the common falsehoods that John addressed is that cyberattackers only prey on large businesses – a sig- nificant misconception that has led one in five small businesses to fall victim to cybercrime annually. This number con- tinues to grow: small businesses are low-hanging fruit to cybercriminals be- cause they have very loose or no se- curity protocols in place. Another false- hood is that cybercrime only impacts
Cosmo DeNicola Chairman, Amtech Software
John Motazedi
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businesses in specific industries. Within the past year alone, many major industries throughout North America reported cybersecurity attacks, in- cluding 13.9 percent in the manufacturing industry, 13.2 percent in the construction industry, 11.1 percent throughout utility industries, and 10.4 As cybercrime continues to grow, so does the occurrence of ransom- ware. Ransomware, which in the past was used to attack people on an individual basis, is now a widespread threat to businesses of all indus- tries and sizes. Ransomware is defined as a type of malicious software designed to block access to a computer system until a sum of money is paid. These types of attacks do not discriminate based on the type of device you use or the places you store your data. The following are now common places where ransomware attacks are administered: • Mac, Android, iPhone, and iPads • Mobile device scams (i.e., through Amazon and Microsoft, etc.) • Text messages from ATT, Verizon, and other mobile carriers percent in service industries. Ransomware Is Alive And Well To give perspective, John says the average cost of a ransomware attack requires a person or business to spend about $180,000 to get their information back. To that point, it’s no surprise that the digital un- derground’s black market is thriving. In this digital underground, stolen credit cards and hacked PayPal accounts are worth an alarming amount. He says prices for stolen credit cards can range anywhere from $0.11 to $986, and hacked PayPal accounts can range from $5 to $1,767. In addi- tion to stolen or hacked credit card data and bank account credentials, cybercriminals can also generate cash by hacking social media profiles. In fact, on average, a cybercriminal can receive about $75 per hacked Facebook account. And your personal or business email accounts aren’t protected either, with the average gmail account going for $155. • Cloud drives (i.e., Dropbox) • Flash and Java installations • Game apps often used on mobile devices
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October 4, 2021
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