Biz Coach Terry Corbell
The Biz Coach, Terry Corbell, writes cyber attacks on social networking sites, including Twitter and Facebook, are a mega threat to business, and recommends five safety measures for Internet security.
Mr. Corbell cites a tragic case: The Biz Coach Web site (http://www.bizcoachinfo.com) reports that an information security expert was hired to prevent further attacks on a company after cyber criminals stole nearly $1 million from its bank account.
In The Biz Coach interview on Internet security – Dr. Stan Stahl of Citadel Information Group in Los Angeles – relates the tragic story in which the $1 million disappeared from the company’s bank account.
Why? One of the company’s accounting employees was duped by cyber criminals in her Facebook account. Dr. Stahl says the bank will not return the $1 million to the company.
“Regulation E of the Federal Deposit Insurance Corporation (FDIC), stipulates consumers are protected by cyber crime involving their banks,” writes The Biz Coach. “The FDIC regulation protects consumers, if they report such discrepancies in their bank accounts within 60 days.”
However, Mr. Corbell writes businesses are not insured.
“Making matters worse, many of these attacks succeed by taking advantage of missing patches and using obscure technology like ‘0-day exploits’ that get past traditional antivirus and antispyware defenses,” says Dr. Stahl.
What is a 0-day exploit?
“Hackers are so cunning they are able to use security vulnerabilities to their advantage immediately – the same day before protection measures can be implemented,”
Full details in The Biz Coach report, “5 Safety Measures to Thwart Mounting Social-Network Attacks,” are published at http://www.bizcoachinfo.com.
As a business-performance consultant, Mr. Corbell has written 450+ business-coaching columns since 2001 for several media Web sites.
Mr. Corbell currently writes an Internet business-coaching column, The Biz Coach, for the Money News page at Seattle's KIRO, the "2009 National Edward R. Murrow Award Winner for Overall Excellence."
As a profit professional, he developed systems and strategies to relieve a company's financial stress, which includes a financial turnaround program on a pay-for-performance basis. Mr. Corbell provides complete solutions for a small retainer and one percent of the net-profit increase.
Mr. Corbell often draws on his experience as a business-performance consultant and media columnist.
He was honored when The New York Times featured him twice. For some of his other business tips, simply Google each of these headlines:
• Been There... Done That... Here's How
• Advice on Taking an Entrepreneurial Leap
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