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Attackers Siphon Millions From Charity

The attack halted critical community Coronavirus aid. And the hackers walked away multi-millionaires.

Cybercriminals target Charity's WFH Employees

On normal days, the Jewish Federation of Greater Washington works with over 100 organizations, providing social services locally and internationally.

Hackers made that job much harder after targeting the organization's staff while working from home. Hackers have seized on the chaos and confusion caused by the Coronavirus.

The security breach is part of a new wave of cyberattacks that have proliferated since millions of employees began teleworking earlier this year to prevent the spread of the novel coronavirus.

Once inside the Jewish Federation's network, they made themselves very comfortable. The cybercriminals likely lurked for months before being discovered. During this time, they stole $7.5 million from the non-profit's accounts.

“It’s the combination of how could this happen, how could it be prevented and how do we make sure we can still focus on the critical issues in front of us.” - CEO Gil Preuss

Hackers have taken down a lot of non-profits recently. These organizations rely on donors for support and often hold sensitive information on the most vulnerable in our society. They are also budget-constrained, making cyber defenses and even tougher proposition.

The cybercrime community is wise to the vulnerabilities of non-profits. In fact, they are expanding their hacker workforce to multiply their attacks.

Cyber attacks are exploding as we deal with a Pandemic and all the challenges of working from home. Nearly every one of these attacks starts the exact same way, with a barrage of Phishing emails to your employees. Only 1 of them needs to fall for the con.

The good news is that these hacks can be stopped!

The first step is training your team to avoid the initial Phishing email, the one that the Federation's employee fell for.

Are you ready to take action?
We make it easy to protect your team from attacks just like this one. Find out how to protect your team with INFIMA's Automated Security Awareness platform.

To get a quote, set up a call with our (non-pushy) sales team here!

Original article here.
[https://www.washingtonpost.com/local/jewish-federation-of-greater-washington-reports-75-million-hack/2020/09/02/d8944f7c-ed3d-11ea-b4bc-3a2098fc73d4_story.html]

Joel Cahill

Cyber security enthusiast. Entrepreneur.