Tips to Protect Yourself from Online Scams

Quick Summary

• A cyberattack using Darkside ransomware targeted the Colonial Pipeline in the U.S., disrupting oil distribution for nearly a week and resulting in a $4.4 million ransom payment.
• The rise of phishing scams can exploit psychological vulnerabilities, such as emotions influencing risk-taking or cognitive overload affecting decision-making abilities.
• Studies show readiness potential-a subconscious brain process-can contribute to impulsive actions like clicking on scams before conscious decisions are made.
• Personalized cyberattacks, such as spear-phishing, significantly increase victim susceptibility, with highly customized emails being three times more effective than generic ones.
• Data privacy company Incogni works to remove personally identifiable information from data brokers and suppress customer names from marketing lists to curb scams and reduce cognitive overload risks.
• Education on anti-phishing efforts boosts vigilance in recognizing and resisting scam attempts.

Read More

Indian Opinion Analysis

Cybersecurity threats highlighted by incidents like the Colonial Pipeline attack serve as a cautionary tale for nations globally, including India. With rapid digitalization in sectors such as energy infrastructure, banking, healthcare, and e-commerce, India must proactively assess its cybersecurity preparedness against ransomware attacks and phishing schemes. Research-backed insights into psychological factors that increase vulnerability suggest an urgent need for mass awareness programs tailored to India’s diverse demographic profile across urban and rural regions.

Additionally, initiatives similar to Incogni’s approach-removing sensitive personal information from data brokers-could be replicated or adapted within India’s context under existing frameworks like the Personal Data Protection Bill 2019 (pending passage). Such measures would align with efforts towards ensuring digital security amidst increasing reliance on technology platforms. Lastly, fostering collaboration between private organizations specializing in cybersecurity solutions and government bodies may empower India’s growing internet user base to better safeguard themselves against online frauds.

read More