person using laptop computers by Jefferson Santos courtesy of Unsplash.

Modern Cyber Threats & How to Defend Your Assets

Sal Pitti |
Categories
Cybersecurity

We want to share a quick story that highlights how cybersecurity threats are becoming more common, and more personal, for individuals managing significant assets.

The Story:
An individual that we know, let’s call him Mark, received a call from “his bank,” alerting him to suspicious activity and urging him to move funds to a “safe” account. The caller ID looked legitimate. The voice on the line knew just enough personal information to sound convincing.

Within 20 minutes, Mark had approved a six-figure transfer... straight to a fraudulent account.

Unfortunately, this type of fraud is increasingly common. And it’s not just phone scams. We’re seeing:

  • Email hacking and impersonation (someone pretending to be you or me)
  • Phishing attempts disguised as financial institutions or government notices
  • Malware or ransomware on personal devices that can capture passwords or access sensitive files
  • Fake websites or investment portals that mirror real ones almost perfectly
  • Public Wi-Fi breaches where people log into accounts on unsecured networks

 

Why It Matters to You
Your financial life is more connected than ever, which means your cybersecurity is just as important as your investment strategy. One breach could lead to identity theft, account fraud, or unauthorized transfers.

 

Here’s How to Stay Safe:

  • Use strong, unique passwords (and a password manager if needed)
  • Enable two-factor authentication on email, banking, and investment apps
  • Be cautious of urgent or unusual requests, always verify with a phone call
  • Avoid clicking unknown links or downloading attachments from unfamiliar sources
  • Use secure, private internet connections, especially when accessing financial info

 

What We’re Doing for You
At The Pitti Group, we have multiple layers of security protocols in place. Every financial transaction is verified through multiple channels. We will never ask for personal info or wire instructions by email alone.

If you ever receive something that doesn’t seem right, a request, a message, or even a phone call, please reach out to us directly before taking any action.

We’re here to protect not just your portfolio, but your peace of mind.

If you haven’t had the chance to listen to our recent podcast on Cyber Security, you can find it here -> The Finance Things In Life 

Also if you weren’t able to attend our Cyber Security webinar, you can listen to the recording on our website! -> Webinar

 

 

 

Disclosures: 

The Pitti Group Wealth Management LLC (“The Pitti Group”) is a registered investment advisor. Advisory services are only offered to clients or prospective clients where The Pitti Group and its representatives are properly licensed or exempt from licensure.

The information provided is for educational and informational purposes only. 

This case study is provided for illustrative purposes only to provide an example of cybersecurity threats.