Wave Systems Corp. (fka WAVXQ)

[Genz2]

Social Media Oversharing Exposes 80% of Office Workers

https://www.infosecurity-magazine.com/news/social-media-expose-80-oversharing/

Over 80% of British and American employees overshare on social media, potentially exposing themselves and their organization to online fraud, phishing and other cyber-threats, according to Tessian.

The email security vendor polled 4000 UK and US professionals and interviewed 10 hackers specializing in social engineering to compile its latest research: How to Hack a Human.

It revealed that half of respondents share names and photos of their children, 72% mention birthdays and even more (81%) update their job status on social media.

Even worse, over half (55%) admitted they have public profiles on Facebook, and only one third (32%) have a private Instagram account.

An overwhelming majority (84%) post on social media every week and over two-fifths (42%) do so every day.

The report highlighted numerous ways scammers can use this readily available online information to target individuals; for example, by spoofing a senior exec in a new company they have just revealed as joining.

“Most people are very verbose about what they share online. You can find virtually anything,” explained MyCrypto security and anti-phishing expert, Harry Denley. “Even if you can’t find it publicly, it’s easy enough to create an account to social engineer details or get behind some sort of wall. For example, you could become a ‘friend’ in their circle.”

Even out of office messages, if they contain too much information, could be used against the individual, by giving the green light to a hacker to impersonate them online, Tessian warned.

The vendor claimed its own analysis reveals that social engineering attacks and wire fraud attacks both increased by 15% during the last six months of 2020, versus the previous six. Some 88% of respondents said they had received a suspicious email in 2020.

The vendor’s CEO, Tim Sadler, argued that the vast volume of personal information being shared online is making cyber-criminals’ jobs much easier.

“While all these pieces of information may seem harmless in isolation — a birthday post, a job update, a like — hackers will stitch them together to create a complete picture of their targets and make scams as believable as possible,” he added.

“Remember, hackers have nothing but time on their hands. We need to make securing data feel as normal as giving up data. We also need to help people understand how their information can be used against them, in phishing attacks, if we’re going to stop hackers hacking humans.”
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A great time for Scrambls to help out here in a big way!!!


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Protect Corporate Use of Social Media and Cloud Services with Scrambls for Enterprise

Encrypt Postings and Shared Files to Ensure Privacy and Compliance

http://www.wavesys.com/buzz/pr/protect-corporate-use-social-media-and-cloud-services-scrambls-enterprise

Lee, MA -

December 4, 2012 -

Scrambls for Enterprise launched today, giving organizations a means for their employees to safely collaborate over social media sites like Twitter® and Facebook, and share files with cloud services like Dropbox™ and Salesforce.com®. Scrambls protects data that is often overlooked in corporate security initiatives – information shared online via social media, files stored in the cloud and data in motion.

Employees are free to leverage existing social media infrastructures to enter status updates, Tweets, blog posts, files and more, without jeopardizing security or privacy. Scrambls for Enterprise encrypts data before it ever leaves a user’s computer or smartphone. Posts and files can only be viewed by those the enterprise grants permission to—everyone else sees scrambled text.

“Social media and cloud services are expanding the way business is done, but enterprises need greater control of the information they share across the public web,” commented Steven Sprague, scrambls co-creator and CEO of Wave Systems. “These services are often self-discovered by employees who use them to share critical information. Enterprises need to take responsibility for this new flow of data, and scrambls provides the privacy, security and audit controls similar to what you’d see with corporate email accounts.”

The power of scrambls lies in the permissions granted to group members. To read a post or descramble a file, the service automatically applies the permission to make it readable again for only those individuals granted access. Business administrators set the policy and manage the groups. Add or remove people from the groups at any time to change who can read messages and files, even after they’ve been published on the web.

“Scrambls can open up new business opportunities with use cases for every type of vertical market,” continued Sprague. “In healthcare, a private and protected channel for communication leads to better care and service. It’s easy for doctors, social workers and caregivers to have sensitive discussions about the care of a family member in real time using popular tools like Twitter or Facebook. Those conversations remain private with scrambls.”

Deploying scrambls in the Enterprise

The scrambls enterprise console gives employees, managers and IT staff the ability to manage accounts. You first create groups for access either by email addresses or through the existing corporate lists that enterprises already use (Active Directory, corporate email domains, etc.). Add more detailed rules as needed, like an expiration date for a file, or a password that can be used to view a blog post. Deploy the client install or have users download it, and they’re ready to scramble. It’s as simple as that!

Scrambls privacy and security can be added to an organization’s internal applications as well through a software developer kit. The SDK enables third-party apps and sites to integrate directly with scrambls to leverage the same groups for security, privacy and control.

Scrambls for Enterprise is available with special trial and introductory pricing for a limited time. Contact [e-mail] for more information on securing social media and cloud services in your organization. A free consumer download is also available at www.scrambls.com.

About Scrambls

Scrambls is a Cloud security and privacy service developed by Wave Systems Corp. (NASDAQ: WAVX) that makes online sharing simple and safe. All you need is the scrambls plug-in added to your browser toolbar, or a scrambls-enabled application. Scrambls lets you decide what the privacy policy will be for each communication that you share. Scrambls makes Cloud sharing smarter, with security and control over what you are sharing and with whom you are sharing it.
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