Posted on 9/21/2015 8:20 AM By Keith Savino
When consumers and business think of cyber-security, hacking and breaches, the first thing that generally comes to mind is credit card accounts, bank accounts and health data; any personal information that is stored on large mainframes in extensive databases. But did you know that your automobiles, smart thermostats, bio-chips, heart monitoring implants and other small devices in your everyday life, also have the capability of being hacked?
Devices that collect useful data are known as “The Internet of Things”. IoT is a network of physical objects embedded with electronics, software, sensors and connectivity to enable objects to collect and exchange data. These devices collect useful data with the help of various existing technologies and then autonomously flow the data between other devices.
Experts predicted that the amount of IOT devices in the marketplace will be 50 billion objects by 2020.
On September 10th, the F.B.I issued a Public Service Announcement warning to businesses and cons ...
Posted on 8/24/2015 8:00 AM By Keith Savino
In my eyes, there is nothing more sickening than scam artists that prey upon our senior citizens. This segment of society is especially vulnerable to fraud, because of their trusting nature and polite manner. They are often uninformed of how technology can be used for nefarious purposes. Scams have become so sophisticated that often entire bank accounts are depleted in the blink of an eye. Senior Citizens nest eggs and life savings can vanish without a trace.
One in every five Americans age 65 or older has been abused financially, according to a 2010 survey by the Investor Protection Trust, a financial-education organization.
People 60 years and older were 26 percent of all fraud complaints tracked by the Federal Trade Commission in 2012 -- the most of any age group.
True Link Financial found that the overall cost of this fraud is 12 times previous estimates -- more than $36 billion worth. Previously, the most frequently cited estimate of the amount of money lost to elder financ ...