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{PODCAST} Protecting Your Money From Cyberattacks with Tim Guim Thumbnail

{PODCAST} Protecting Your Money From Cyberattacks with Tim Guim

Summary 

Cybersecurity expert Tim Guim joins Jason Gabrieli to discuss how you can protect yourself and your finances from cyberattacks. They discuss the new threats that have emerged since the pandemic and how some of the more prominent scams for the average person may be far more personal than a “hacker” finding your password. Tim will provide some practical ways to protect yourself and a quick look into the future of cybersecurity in the US.

Tim Guim is the President and CEO of PCH Technologies. PCH Technologies is a full service IT firm with a focus on cybersecurity. 

Tune into this episode to learn:

  • What social engineering is and how to detect social engineering attempts. 
  • Why identity theft protection services are not enough to protect you and your finances. 
  • Best practices for protecting yourself against cyberattacks.

 Timestamps

[00:30] Who is Tim Guim? 

[01:53] How you may be willingly giving away confidential information. 

[03:03] The only way to protect yourself against social engineering. 

[05:46] Microsoft will never call you about THIS (and more common scams). 

[07:30] The limitations of identity theft protection services. 

[11:15] Three best practices for protecting

[15:26] What security threats will we face in the future? OR How will cybersecurity threats evolve?  

Key Highlights 

  • There has been a rise in social engineering lately. Social engineering is when people are tricked into giving up confidential information and by doing so cause a breach in their security and privacy. 
  • If you are willingly (but unknowingly) letting scammers in, it is very challenging for software to shelter you from that. 
  • Ransomware is when a hacker locks your files and makes demands (usually financial) in return for setting your files free. 
  • Don’t keep your passwords on a spreadsheet on your computer.
  • Cybersecurity policies will typically not cover transactions that you initiate. They will likely cover transactions that you don’t know are happening. 

Useful Links

Password Authenticator tool: Last Pass

Connect with Jason Gabrieli: LinkedIn

Connect with Tim Guim: LinkedIn

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[02:08] “Let me go back and talk about what social engineering is. It’s a way that someone will try to trick you into doing something. That would be via phone call, via email, they want you to wire money, they want you to give a password. Sometimes it may be something innocuous that you think is not going to be a big deal; but, really, social engineering has bee a big thing the past year or so.”  - Tim Guim

[07:53] “I think they’re (identity theft protection services) good for some protection. Some of them include dark web monitoring, some credit protection - you know if accounts are getting opened for you.” - Tim Guim

[09:39] “We’re at the point where you can’t 100% trust where something says it’s from. So, if it says its from your friend, or it says it's from Comcast - you can’t 100% trust that.” - Jason Gabrieli 

[10:40] “Everybody gets, with cybersecurity, the idea that they’re hacking things - and that, I’m sure that happens too, but probably somewhat more dangerous is (and something that is more within your control as a consumer) is being vigilant with these social engineering schemes because that’s probably where you’re going to get hit. You can’t control if home depot gets scammed or hacked and your credit card information is exposed but you can control if you become victim to one of these social engineering schemes and you give willingly this information.” - Jason Gabrieli