One often overlooked part of cybersecurity for high net worth individuals is social media networks. Many individuals use sites such as Facebook, Instagram, LinkedIn and Twitter to communicate with family, friends and the wider world. However, these sites can put the family or their assets in jeopardy.
The experts at Owens Group Insurance state social networking sites increase the family’s exposure to nefarious people including organized criminals. Personal information is often available on these sites that criminals can access and use to put the family in danger.
Many social media networks have messaging capabilities. A criminal can privately message a family member and include links or attachments. Much like email scams, these messages often contain phishing attacks that mine the person’s computer when they click the link or download the attachment. The criminal then has access to privately held information.
Criminals can create a fake social media account and then use it to attack a family or damage the family’s reputation. It can take weeks to months to have these accounts closed down. In the meantime, the family may receive negative attention or put their friends at risk who befriend the fake account.
Cybersecurity for high net worth individuals is a complex part of the Digital Age. As criminals adopt new technologies, cybersecurity needs to change and adapt as well.