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SEPTEMBER 2024
KRS TECH CHRONICLE Insider Tips To Make Your Business Run Faster, Easier And More Profitably
BACK 2 SCHOOL!! OK, well that Summer sure flew by, didn’t it?? From sipping drinks on a beach, to breaking your back shoveling snow!! OK, OK we are not quite there yet, BUT trust us it comes just as fast as Summer left us! Now that most people seem to be back in the office we can promise you hackers are gearing up for their favorite season...THE HOLIDAY SEASON!! When tons more emails flow in with offers and sales, and you’re more likely to carelessly click on something you shouldn’t. KRS IT is offering free Cyber Security Assessments for any company with 10 or more employees that are starting to take their security more seriously. Email us at info@krsit.com and use the title: Hey, KRS Nerds Check us out!! A rep will get in touch with you!!
This monthly publication is provided courtesy of Josiv Krstinovski, President and CEO of KRS IT Consulting.
OUR MISSION: “I don’t care if it costs me more money, I am going to make sure that every single client of ours has the absolute best security and solutions in place. If I am not doing my job. Plain and simple.”
HACKERS ARE TARGETING SMALL CONSTRUCTION COMPANIES AND OTHER INVOICE-HEAVY BUSINESSES From 2023 to 2024, attacks on construction companies doubled, making up 6% of Kroll’s total incident response cases, according to the 2024 Cyber Threat Landscape report from risk-advisory firm Kroll. Experts at Kroll note that the uptick could be driven by how work is carried out in the industry: employees work with numerous vendors, work remotely via mobile devices and operate in highpressure environments where urgency can sometimes trump security protocols. All of these factors make the construction industry ripe for a cyber-attack.
Ripe For Hackers Business e-mail compromise (BEC) – fake e-mails designed to trick employees into giving away money or sensitive information – made up 76% of attacks on construction companies, according to
Kroll. These e-mails look like documentsigning platforms or invoices to socially engineer users into giving away information.
These tactics are having a higher success rate in smaller construction companies for a few reasons: They deal with a lot of suppliers and vendors. Construction companies work with many suppliers and vendors, and each vendor can be a weak spot that hackers can exploit. For example, if a hacker gets control of a vendor’s e-mail, they can send fake invoices that look real, tricking businesses into sending money to the hacker’s account instead. Multiply that by the number of vendors you work continued on page 2...
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