Compounding

When your money earns interest or gains, and that interest earns interest, that’s compounding. It helps your money grow quicker. Think of a snowball rolling down a hill gathering more snow and getting bigger and bigger.

Here’s an example. If you invested $1,000.00 with a 6% rate of return, after 1 year you would have earned $60.00 for a total of $1,060.00. Keep that invested for another year, and in year 2, you would have earned $63.00 and now have a total of $1,123.60. Interest on your interest adds up!

Stay invested and watch how that snowball grows!

#Finance
#FinancialPlanning
#FinancialAdvisor
#MoneyMatters
#WealthBuilding
#LongTermInvestment
#RetirementPlanning
#FuturePlanning
#SavingForTheFuture

Cyber Security -Series -Part #8

Continuation of our Cyber Security Series

Part # 8 - Types of Security Attacks: SIM Swap Attacks

In a SIM swap attack, your data is the target, but the means of attack is through your mobile phone provider. Threat actors contact service providers pretending to be customers and convince them to transfer your account to a new SIM card, giving them control of your phone. If you have MFA associated with your phone number, they can then reset passwords and gain access to your accounts. Threat actors use personal information leaked in breaches or data scaping (gathering data that has been freely shared on social media) to convince the mobile provider that they are the account holder.

As we store sensitive information, especially financial information, and cryptocurrency, on our phones, they have become a more appealing target to threat actors. In February of 2022, the FBI issued a warning that SIM swap attacks were on the rise with 1,611 reported attacks in 2021.

Some signs that you may be part of a SIM swap attack include finding you have no cell service when you should have good reception, being locked out of your phone online account, and receiving account login notifications that you weren’t expecting. Contact your phone provider immediately if you suspect that you are being targeted.

Cyber Security - Series -Part #7

Browser in the Browser (BitB) Attacks are a kind of phishing attack, first written about in March 2022, where threat actors will attempt to steal your login credentials.

Threat actors create and direct you to a website that gives you the option of using single sign on (SSO) through a trusted sign-in partner rather than creating an account.

Instead of linking to the actual sign-in partner you select, a false pop-up mimicking a browser window appears, with the intention of capturing your account information. The false pop-up will appear to have the correct URL and can be quite convincing but is a trick of website design.

BitB windows cannot exist outside of their browser window, and so can’t be dragged outside of the browser frame. Password managers will also not be fooled by BitB false pop-ups and will not fill in your credentials. Watch for these clues!🔒💻

Cyber Security - Series -Part #6

In our ongoing exploration of cybersecurity nuances, we address a critical concern in Part 6: MFA Fatigue Attacks. 🌐

A MFA (Multi-Factor Authentication) Fatigue Attack unfolds as threat actors inundate a user's device with a relentless barrage of MFA Authentication requests. The strategic intent is to compel users into reflexively accepting the requests merely to quell the incessant notifications.

Under the guise of a perceived issue with the notification system, users unwittingly grant threat actors access to their accounts. Despite this, MFA remains an indispensable tool for securing accounts, emphasizing the need for strategic implementation.

To fortify against MFA Fatigue Attacks, consider refining authentication practices. Disable push notifications and simplistic "approve sign-in" requests, favoring more robust methods such as numerical codes via mobile devices or authentication applications. Additionally, explore mechanisms to limit the frequency of MFA requests, thereby bolstering overall security measures.

Elevate your cybersecurity vigilance to thwart evolving threats. 🚀💻

Cyber Security - Series -Part #5

🚨 Brace yourselves for Part 5 of our Cybersecurity Series: Unmasking the Menace - Man in the Middle Attacks! 🕵️‍♂️💼

Ever heard of a Man in the Middle (MitM) Attack? 🌐🔒 It's when a sly threat actor sneaks in to intercept your sensitive info while you're busy transmitting it. 😱 They could be eavesdropping on your data, gaining access to your account, or even impersonating a trusted party to snag your precious details!

Picture this: A fake login page, a crafty trickster, and BOOM – your MFA codes are compromised! 💻🤯 Or worse, they could be tampering with your bank communications to reroute those hard-earned money transfers! 😨💸

Stay one step ahead! 🚀💪 Learn about these cyber sneak attacks and fortify your digital fortress. 🔒💻

Cyber Security Series- Part # 4

🔒 Level up your cyber game with Part 4 of our Cybersecurity Series! 🚀💻 Today's tip: Master the art of Strong Passwords! 💪🔐

Ditch the weak links – opt for passwords that are long, complex, and totally random! 🤯 Say NO to password recycling – even those "unimportant" sites deserve top-notch security. 🚫🔄 And remember, sharing is NOT caring when it comes to passwords! 🤐

🌐 Unlock the secret to password perfection: Get yourself a trusty Password Manager! 🗝️✨ It crafts robust, lengthy, and unique passwords for every online adventure, requiring only ONE master password to rule them all! 🌟💼

Cyber Security -Series-Part #3 - Use Multi- Factor Authentication

Multi- Factor Authentication (MFA), also known as two-factor authentication (2FA), is a way to protect your online accounts. Instead of only asking for a username and password, MFA requires one or more additional verification factors, like a time limited code or fingerprint.
We will highlight some of the dangers associated with MFA and the potential attacks. However, MFA remains one of the best methods of securing your accounts. According to a study by Microsoft, using MFA can reduce your risk of having an account hacked by as much as 99.9%.

Cyber Security Series Part #2

With the rise in social media-based attacks, it is more important than ever to keep your social media secure. There are simple steps you can take to stay safe on social media:

• Use MFA (Multi Factor Authentication) whenever possible. This extra layer of protection can keep your account secure even if your username and password become compromised. Google Authenticator, Microsoft Authenticator are a few examples.

• Use good password hygiene. Don’t reuse passwords and use passwords that are long and complex.

• Think before you click! Remember, if someone is offering you something that seems too good to be true, it probably is.

• Report accounts that appear to be compromised. The sooner the account is returned to its rightful owner, the less damage it can do.

• Be careful what you share. Do not freely give away details that could be used in a social engineering attack against you and be careful sharing personal information that could be used by a threat actor looking to impersonate you.

Cyber Security -Part 1

Each year, we must complete security safety courses.
When it comes to security, change is constant. The threat landscape continues to evolve, and the tools available to threat actors become more sophisticated.

We review these cybersecurity incidents not to shame or to frighten, but to empower you to know how to defend yourself. You are the first line of defence against cyberattacks, and the small choices you make every day can keep you secure.

In this series, we will review some of the details we feel are important.

Part # 1 Keep Your Devices Up To Date

Keeping your devices up to date ensures that you always have the most recent security updates. Updates often include fixes to repair vulnerabilities, which threat actors can take advantage of to comprise your accounts. We recommend turning on automatic updates on all devices whenever possible.