Toyota Boshoku Corporation, a subsidiary of automotive giant Toyota, became the most recent victim of an information security breach resulting in a fraudulent funds transfer. Suspicion is that a successful social engineering attack duped an employee into making the transfer. The fund transfer amounted to almost $37 million; a loss that if not recovered, may force the company to amend their annual earnings.
Dan Smith, Zeguro co-founder and Forbes Technology Council member, explains how SMBs can protect themselves from the regulatory wave that is coming in his article, Data's Double Edge. (Reprinted as it originally ran on Forbes.com last month.)
Its not just bigger devices that get hacked. Phones are an on-ramp to important data and accounts. Here's a quick guide to staying mobile-safe.