William W Collins’ Post

🙌 We are finally encouraged to do less, for all the right reasons! 😉 🇦🇺Australia: Digital ID Bill recently passed the Senate. 👏 ✅🪪Less scanning of drivers’ licences, Medicare cards, birth certificates, utilities bills etc.. (IMO these should never be stored to begin with 🙄) 🤞Fewer buckets and troves of personally identifiable information (PII) for hackers 🍯🚩 🧩The solution: A government-backed system where you can verify yourself online without spilling your personal details everywhere. 🗺️While the initial rollout will be for government services, there is a potential for expansion to include banks and other businesses in the future. 🔎Watch this space to see how this will unfold… we know that new tech can be a double edged sword 👀 But it’s still a step in the right direction. 📌Stay up to date on the latest developments regarding the rollout of the digital identity system and how it will impact your organisation's authentication processes. #Identity #IAM #IDAM #CISO #databreach #Cybersecurity #ZKP #Blockchain

How many times have you been "scam-hacked"? I've had my fair share of experiences. Here are just a few: 👀 Once, while selling an item on Facebook Marketplace, I was contacted by a buyer who insisted on paying through PayPal rather than cash. They offered to “send” me $200 for a $100 item, creating a fake sense of trust so I’d return $100 to them. Nice try, but I wasn’t falling for that! 😠 Then there was the time ANZ saved the day. I was home (in Auckland) when I started receiving alerts that someone in Australia was trying to make purchases with my card. Thankfully, the bank blocked five attempts, each around $400. This was reported at night and my card was cancelled. 🙈 I’ve even dealt with a serious hack at work. The chaos wasn’t just technical – my team and I had to field countless questions from clients as we scrambled to inform them of the breach and handle it professionally. Supporting multiple departments through the crisis took every bit of patience and proactivity I could muster. I shared these stories and cybersecurity challenges with Alex Ciobanu, the CEO and founder of TrueBust in Cyprus, who introduced me to a solution he believes could greatly benefit the APAC region. With his background in the financial sector, he and his team have designed TrueBust, a security partner focused on a rapid, user-friendly app. If you're uncertain, ask, and the check will be done effortlessly. I’m convinced TrueBust will offer robust protection without the usual hassle of invasive checks, letting us build our security posture with confidence and simplicity. As we move toward an AI-driven future, security will be crucial. Check their website and reach out if you have any questions: https://lnkd.in/gNrXC49f

🚨 Think law enforcement can get your money back when you're victimized? 🚨 🔒 The Second Truth of Cybersecurity: When #cybercriminals steal your money, it's gone, and law enforcement can't always wave a #magicwand to recover it. You still need to report it because there is always a chance. This is the hardest part of my job—not being able to help victims get their money back because, by the time they call me, the money is already gone. Just recently, a senior lost $70,000 in an #investmentscam. It's heartbreaking to see this happen over and over again. Here's why getting your money back is so challenging: 🔍 Jurisdiction Challenges: Cybercriminals often operate from different countries, making it nearly impossible for local authorities to catch them. 💸 Untraceable Bitcoin Accounts: Stolen money is quickly converted into Bitcoin, making it vanish without a trace. 🎁 Gift Cards: Money is transferred to gift cards, which are then spent or sold off, leaving no trail behind. 👥 Money Mules: Funds are funneled through unsuspecting mules who unknowingly pass it on to the crooks. By the time we find the mule, the money’s long gone. 🏦 Foreign Bank Accounts: The cash often ends up in banks in countries that don’t honor US legal requests for account information, delaying or outright preventing recovery. ⏳ Time Sensitivity: The clock is ticking. By the time law enforcement tracks the trail, the money’s already disappeared. Cybersecurity affects everyone, whether you're tech-savvy or not. It’s crucial to take proactive steps to protect ourselves in our digital world. Practical Tips to Strengthen Your Cybersecurity Defenses: 🛡️ Be Aware of Social Engineering: Always question unexpected requests for personal info or money, even if they look legit. 🔐 Use Strong Passwords & Two-Factor Authentication (2FA): Create strong passwords and add extra security layers with 2FA. 📰 Stay Informed: Keep up with the latest cyber threats and best practices to protect your digital assets. Embrace the CyberSecure Mindset—a proactive approach to securing your digital life. By prioritizing prevention and awareness, we can reduce the risks of cyber threats. I’ve dealt with this hundreds and hundreds of times with #seniors. Let’s empower ourselves and others to navigate the digital landscape with confidence. 🔗 For more insights on staying safe online, visit www.cybersecuremindset.com #Cybersecurity #CyberSecureMindset #DataProtection #OnlineSafety #IdentityProtection #TwoFactorAuthentication #StaySafeOnline #DigitalSecurity #InfoSec #CyberThreats #ProtectYourData #SecurityTips #SecondTruth

🚨 Australia’s Digital Identity Revolution: Are We Ready or Just Rushing In? 🚨 Minister Bill Shorten’s shiny new Digital ID Trust Exchange (TEx) promises to put you in control of your personal data, but are we getting ahead of ourselves? With $11.4 million on the line, it’s easy to get excited—but before we pop the champagne, let’s take a hard look at the potential risks. 🧐 The TEx sounds like a game-changer, but the devil’s in the details—and right now, those details are murky at best. Between a shaky track record with myGov and some serious concerns about how this whole digital identity thing will actually work, there’s a lot that could go wrong. Trust, security, and the very essence of our identities are on the line. We’re at the edge of something big, but are we ready to take the leap? Dive into my latest blog post where I break down why this digital identity gamble might be more risk than reward. That touches upon the increasing fraud threats from deepfakes.... 💻🔍 https://lnkd.in/gacygEJ4 #DigitalIdentity #Innovation #Cybersecurity #Australia #GovTech #deepfake

Your Money is Not Safe with N26 I want to share a personal experience in hopes that no one else falls into the same trap. About a month ago, my wife’s N26 account was hacked, and €870 was stolen from us. We immediately followed the standard procedure, opening a dispute in the app, hoping to get our hard-earned money back. After three long weeks of waiting, N26 informed us that they would not reimburse us. According to them, the thieves used Google Play, which supposedly requires either a password or a one-time access link – something neither of us would ever provide. Both my wife and I are tech-savvy, and I have been working in tech, building apps, and software, for many years. In fact, my company even offers cybersecurity services, so I’m well aware of the risks and how to safeguard against them. We never added the N26 card to Google Pay or any other wallet. Despite asking N26 to show proof of their claims, they took two weeks to respond, only to say that their decision was final and we would not see our money again. To my shock, after searching online, I found numerous others who had gone through the same ordeal. And the worst part? N26 seems to use the same excuse over and over: “Google Pay was used.” I’ve been a loyal customer for four years, even recommending N26 to family and friends, trusting them when they promised that our money was safe. But it turns out, they do not care about their customers' security or satisfaction. If you’re using N26, please be careful. Your money might not be as safe as they claim. #N26 #Banking #CustomerService #CyberSecurity #BeAware

While the proportion of #Canadian #business impacted by #cybersecurity incidents continues to decline, the Canadian #Internet Use Survey found that the proportion of Canadian individuals experiencing cyber security incidents has been rising since 2018. Over two-thirds (70%) of Canadians experienced a cyber security incident in 2022, steadily increasing since 2018 (52%). 6% reported a financial loss. IntelEdge has access to Wealthy Client Cyber Security Assessments (already used by a Top 25 US bank) which help your clients protect their families and assets. #bank #financialadvisor #insurance #creditunion https://lnkd.in/esQTM46U

https://lnkd.in/gd-Dx3BR Evolve Bank says data breach impacts 7.6 million Americans Evolve Bank & Trust (Evolve) has confirmed a #databreach affecting 7.6 million #Americans following a recent LockBit ransomware attack. The #breach, initially falsely attributed to the U.S. Federal Reserve by LockBit, was later identified to involve #Evolve's data. An #investigation revealed that an employee inadvertently triggered the breach by clicking on a malicious link, enabling unauthorized access to the bank's database and file shares. Despite the #incident, customer funds remain secure. However, several #fintech partners such as #Affirm, #Wise, and #Bilt have reported impacts on their customers due to the attack. Stay informed as more details unfold. #endpoint #cloudsecurity #smallbusiness #infosec #bankingindustry #cyber #endpointsecurity #iotsecurity #IoT #UK #cyberawareness #technology #datasecurity #cloud #google #microsoft #windowssecurity #vulnerability #securityawareness #riskmanagement #dataprivacy #infrastructure #globalsecurity #threatintelligence #EU #socialmedia #news #defensivemeasures #knowledgebase #linkedin #networksecurity #vulnerability #internetofthings #ransomwareattack #smartphones #UnitedKingdom #mobilephones #AsiaPacific #EuropeanUnion #DataSecurity #Supplychainsecurity #Interpol #Canada #Lawenforcement

Following his recent panel session at Think Digital Identity and Cybersecurity for Government, Hippo’s Head of Identity, Jim Small, shared insights with Think Digital Partners on the UK’s opportunity to establish a unique strategy for digital wallets. As global approaches to digital wallets evolve - through the EU’s privacy-focused framework and the US’s innovation-driven market - Jim suggests the UK is ideally placed to strike a balance between the two. By combining public sector standards with private sector agility, the UK could create a cohesive, secure, and user-centred solution. This vision imagines a future where government frameworks ensure trust and privacy, while industry innovation brings agility and consumer choice. Such a strategy offers clear benefits for users and organisations, such as: •Enhanced security and fraud prevention •Greater convenience through seamless access and control •Improved user experience that fosters confidence and trust With the right approach, the UK has a unique opportunity to build on international insights, setting a standard for digital identity that reflects both local needs and global trends. Read the full article to explore more about the UK’s opportunity for digital wallets: https://lnkd.in/eg94DywW #DigitalIdentity #Innovation #PrivacyFirst #DigitalTransformation #ThinkDigital

In my opinion the embracing of digital identities - that are biometrically secured - is a critical step to reduce illegal activities, prevent fraud and improve productivity. Bill Shorten and the Australian Government are to be commended for taking the initiative. Yes there is cyber risk associated with developing such a attractive target for hostile actors as a government hosted digital id platform. Yet there is also a serious risk of execution failure due to the government's procurement processes and project methodologies. These often handcuff technical innovation to: - government procedural and communication restrictions, - transparency of bids (with the risk of competitive leakage), and - contract inflexibility. The other risk to all this initiative is the legislative framework to encourage, dare I say enforce, adoption. There is always the desire to accommodate laggards and malcontents in society, yet to move forward with social change it sometimes requires us to nudge the entire community in the right direction. In the ever evolving ecosystem of digital IDs and biometrics, the biggest risk to this initiative may not be the cybersecurity risk but the inability of government to embrace agility, partnerships and law that prevents the creation of a white elephant. P.S. Did I mention the fact that a digital identity initiative like this could facilitate the improvement in online child safety and allow government to enforce age restrictions on social media or adult content sites. Just saying this has more wide-ranging applications than just opening a bank account or getting into the local bar. #digitalid #biometrics #productivity #cybersecurity #onlinesafety https://lnkd.in/gB3kCmxg

🔑 Digital identity wallets could soon be the way you store and share your digital ID. Think about it like a physical wallet, but for your online credentials. Instead of remembering passwords, you’d store verified IDs in one place and use them across platforms. For users, this means more convenience. For businesses, it reduces the need to keep massive user data files. But there’s a catch. Security has to be top-notch, and adoption rates will matter. If not enough people or companies use them, these wallets won’t be effective. Could you see yourself using a digital identity wallet? 💬 https://lnkd.in/ePwpkWyD