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Information and cybersecurity audits are a fundamental part of the M&A due diligence process. Given the impact of a breach on potential valuation, market acceptance, public relations and brand value, the security posture of a business being considered for an acquisition is a key element in understanding the liability, risk and value of the business.

As the COVID-19 pandemic pushes the above-ground economy to the brink of a major recession, the cybercrime economy appears to still be hard-charging ahead. And yet, the virus has rapidly reshaped the way business is being done on the dark web, as buyers and sellers jump on the opportunity to capitalize on global fears, as well as dramatic shifts in supply and demand.

Videoconferencing tools may help bridge the communication gap credit unions are currently facing during the coronavirus, but at what cost?

Business continuity has been strained as credit union employees work remotely. To help with that, many management teams have turned to videoconferencing to keep their institutions running and employees informed.

However, the last few weeks have unveiled a host of cybersecurity concerns with the popular video messaging platform Zoom. There have been problems with end-to-end encryption, and hackers have been able to access the webcams of users. As a result, thousands of personal photos and email addresses of users have been exposed. And that's just the tip of the iceberg for Zoom's cyber vulnerabilities.

Despite this, credit unions are still using the software.

Dave warns of fake QR code websites stealing Bitcoin, Joe has the return of classic cons, the Catch of the Day forgets one crucial element, and later in the show, our interview with Kurtis Minder. He’s with a company called GroupSense and they’ve been commemorating the 20th anniversary of the Dark Web.

What the Podcast Talks About:

With trillions of dollars of financial aid being made available to help individuals and organizations weather the COVID-19 pandemic, it should come as no surprise there is now a massive wave of attempts being made to divert those funds into the hands of cybercriminals.

GroupSense named Adam Bregenzer as chief technology officer and Jeffrey Duran as chief marketing officer. Prior to joining GroupSense, Bregenzer was a senior engineering manager at Venmo. Duran, who has had stints with Verizon and U.S. Army Cyber Command, most recently was vice president of marketing for threat investigation company Nisos.

Talent – Digital Risk Mitigation: GroupSense has named Adam Bregenzer as chief technology officer and Jeffrey Duran as chief marketing officer.

ARLINGTON, Va., April 13, 2020 /PRNewswire/ -- GroupSense, a digital risk protection company, today announced it has named Adam Bregenzer as chief technology officer and Jeffrey Duran as chief marketing officer. Bregenzer will be responsible for the direction and implementation of GroupSense's technology roadmap, particularly in the area of frictionless delivery of finished, actionable digital risk intelligence into customer security operations. Duran, a veteran of the cybersecurity industry, will lead the vision and strategy for the company's marketing operations.