Recently I posted about Accenture Strategy's assessment on "Securing the Digital Economy."
My closing advice was:
Worry. React. Invest.
This week I want to share a real world example of the risk.
Then in November 2019 they got hit with a social engineering attack.
The Ontario brewery says the incident occurred in early November and involved the impersonation of a creditor employee and fraudulent wire transfer requests.
They lost $2.1M! That's more than 1/2 their quarterly EBITDA.
How would that look on your balance sheet?