Cyber Security Is a Growing Issue for Nonprofit Organizations
Cyber Security Is a Growing Issue for Nonprofit Organizations Save the Children, an international nonprofit children's relief and development organization, revealed that a cyber attacker or attackers tricked the organization into paying out almost $1 million. The cyber incident on Save the Children shows that cyber security isn’t only the concern of profit organizations, but also by not-for-profit organizations. While the Save the Children’s cyber incident disclosure was done via the organization’s 2017 tax report, this cyber incident only came to light with the recent report of the Boston Globe. In its tax report, Save the Children said that in April 2017, an unknown cyber attacker or attackers posing as an employee of Save the Children tricked the organization to transfer $997,400 to a fraudulent entity in Japan on the…
