Brand New True Payroll Crime Story - Under Siege
In episode 91, hosts
Brian Escobar and
Walter William Duncan III discuss the escalating threats to payroll and financial systems from cyber attacks. Referencing recent attacks on credit unions and water supply systems, they underscore the importance of robust cybersecurity measures across all industries, not just financial services. The discussion extends to the potential impact of cyber threats on payroll processes and the livelihoods of individuals who depend on the timely and secure disbursement of payments. Strategies for individuals and companies to protect financial data are also discussed.
00:00 Introduction and Welcome
00:37 Reaching Milestones and Listener Feedback
02:31 Discussion on Minimum Wage
05:28 Sponsor Message: TimeTrakGO
08:16 Cybersecurity Threats and Their Impact
15:32 Solutions to Cybersecurity Threats
20:40 The Importance of Cybersecurity in Payroll
22:50 Understanding Account Takeover Attacks
23:39 The Importance of Identity-Centric Security
24:35 The Future of Payroll Cybersecurity
25:07 Ransomware Attacks on Credit Unions
25:38 The Impact of Cyber Threats on Financial Institutions
28:53 Invitation to Connect with the It's About Payroll Community
29:42 The Immediate Concerns of Cyber Attacks
31:58 The Importance of Customer Awareness and Industry Collaboration
32:50 The Importance of Sharing Information and Educating Yourself
34:02 The Power of Payroll and Its Vulnerabilities
34:02 The Ripple Effects of Cyber Threats on Individuals and Employees
35:16 The Importance of Guarding Your Data
40:23 The Importance of Checking Your Transactions
41:19 The Dangers of Gift Card Scams
43:26 The Importance of Being Vigilant and Mindful