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Recently, Dynamic Network Services Inc. (Dyn) - a cloud-based internet performance management (IPM) company in the United States - had its server infrastructure compromised following distributed denial-of-service (DDoS) attacks.
Dyn said that more than 100,000 devices may have been involved in the massive cyber attack that overwhelmed its servers and produced a ripple effect, temporarily shutting down access to sites like Twitter and Netflix for the east coast of Canada and much of the northeastern United States. How the Attack Worked
A DDoS is a type of cyber attack that hijacks multiple devices - usually through installing and spreading malware - to "flood" a specific group of servers with a multitude of requests for information all at the same time. the tactic effectively "clogs" the servers so that they're unable to handle normal web traffic and can ultimately force them to shut down temporarily.
In the past, attacks like these would typically utilize personal computers to carry out the attack. In this case, however, it appears that the attack co-opted a number of "smart" devices - things like digital video recorders (DVRs), printers and even cellphones. Government officials currently believe that a non-state actor is behind the attack, but as the investigation is still ongoing, they have yet to definitively rule anything out.
Regardless of the source, the attack highlights a pair of troubling trends. First, this DDoS attack was one of a growing number of more sophisticated attacks. And, while Dyn - a company with robust cyber security measures - was able to restore its regular operations fairly quickly, it only did so after defeating two separate waves of attack.
Second, and perhaps more importantly, this attack shows the potential vulnerability posed by the increasing number of interconnected, internet-enabled device commonly called the Internet of Things (IoT). The inter-connectivity of devices on the IoT is the source of a number of benefits; however, that very same inter-connectivity offers cyber criminals an often overlooked - and potentially less secure - avenue of attack.
The first line of defence against cyber threats is a well-trained workforce. Use an employee cyber training manual to educate your employees about common threats and the best practices to defend against them. This document focuses on a general overview and best practices and is meant to be used with three additional "Employee Cyber Training Manual" documents.
Financial advising involves providing guidance and advice to individuals, families, or businesses to help them make informed decisions about their financial matters. This can include various aspects such as investment planning, retirement planning, tax planning, estate planning, and more. Financial advisors analyze their clients' financial situations, goals, and risk tolerance to create customized strategies that align with their objectives.
Financial planning is crucial for several reasons:
Goal Achievement: It helps individuals set and achieve financial goals, whether they are short-term, such as buying a home, or long-term, like funding a comfortable retirement.
Risk Management: Financial planning addresses risks by considering insurance, emergency funds, and other protective measures.
Budgeting and Saving: It promotes responsible money management through budgeting and saving, fostering financial stability.
Wealth Building: Effective financial planning can lead to wealth accumulation and the creation of a secure financial future.
Yes, financial advisors can help with debt management. They can assess your overall financial situation, create a budget, and develop strategies to pay down debt efficiently. They may also negotiate with creditors on your behalf, provide debt consolidation recommendations, and offer guidance on prioritizing and managing debt repayment.
The specific responsibilities of a financial advisor can vary, but generally, they:
The fees charged by financial advisors can vary widely based on factors such as the advisor's experience, the services provided, and the region.
Common fee structures include:
Hourly Fees: Advisors charge an hourly rate for their services.
Flat or Fixed Fees: A set fee is charged for specific services or a comprehensive financial plan.
Asset-based Fees: Fees are a percentage of the assets under management (AUM).
Commission-based Fees: Advisors earn commissions on financial products they sell.
Combination of Fees: Advisors may use a combination of the above fee structures.
It's important to discuss and clarify fee arrangements with a potential financial advisor before engaging in their services.