RI Advice - CyberfraudPRESENTED BY Peter Ornsby | Nov 2014

How many hacking attempts does ANZ encounter on any given weekend

300000

Financial Services Under Attack

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Over the last six months two successful attempts have impacted practices:

1)Email scam – invitation to invest (deposit funds)

2)Email scam – email of adviser hacked and invitation to invest is made (client believing that the adviser sent the email)

Potential impact is significant if multiple clients invest and adviser is found to be negligent (or not taken reasonable steps)

RI Advice is under attack

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Top 5 email scams

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1. The Nigerian Scam (also known as 419)

2. Fees paid for a guaranteed loan or credit card

Top 5 email scams

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3. Lottery Scams:

Top 5 - email Scams

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4. Phishing emails and phony webpages:

Top 5 - email Scams

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5. Items for sale overpayment scam:

Top 5- email Scams

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Is your local area network (LAN) secure

Have you considered encrypting emails (eg. WINZIP)

Are your clients aware of potential scams

Are staff aware of their responsibility (eg Privacy requirements)

Can you technology provider assist

Invest in protecting your clients information and security

Things you need to consider

<date> RIAG Adviser | Learn9