Nearly every day, we read scary stuff regarding the Yahoo email hack last December. In these pages, we try to be careful about “crying wolf” and being overly sensational. However, this story resonates because it could happen to any of us and involves a friend.
Last Friday, a business owner and friend of mine in another part of the US in a non-technology business told me a tale of how an innocuous mistake has spun out control and is threatening the existence of his business.
The mistake was simple – one that many of us could make even though there are plenty of warnings out there. Last Monday, his company sold a multi-thousand dollar item to an individual in Minnesota. Payment had been arranged to be made via wire-transfer. My friend emailed the buyer the wiring instructions including the bank, routing, and account numbers.