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

44:08 Conclusion and Invitation to Engage with the Payroll Community

Resources

https://www.theregister.com/AMP/2023/12/04/iran_terrorist_us_water_attacks/ 

Learn more about your ad choices. Visit megaphone.fm/adchoices