Harvard Law School Forum on Corporate Governance and Financial Regulation – Posted by Paul A. Ferrillo, Weil, Gotshal & Manges LLP, May 17, 2015.
“It seems that just like in old times (in cyberspace that means last year) the existence of “snake-oil” salesmen on the Internet is getting worse, not better. Rather than selling something medicinal or at the very least useful, these snake-oil salesmen of today have one intent only: to steal your personal information or worse, to distribute malware to your computer. One recent report issued by Symantec in April 2015 literally details scores of scams all designed to steal information and potentially ruin your computer (and others’ as well) and steal your personal information. We detail them not out of morbid curiosity of the utter gall of the snake-oil salesmen, but to hopefully inform and prevent the inadvertent “click on the link” circumstances which you and your company would rather avoid. We also point to other recently issued reports noting that other scams like phishing and spear phishing continue to be a bothersome and dangerous component of company emails. At the end of the day, continuous employee training and awareness of these sorts of scams is truly a strong part of the Holy Grail of Cybersecurity, along with certain network hardware components that can help stop “bad” emails before they get to your employees’ desktops…”