image

HACKERS ON THE RISE: THE INDUSTRY’S NEXT THREAT

On the heels of high-profile hacking incidents, security experts are reminding people in pot that part of visibility’s burden is exposure to cyber crime and fraud.

“These industries are targets just because they’re new and there is lots of controversy — whether it’s political or social,” said data breach resolution expert Michael Bruemmer.
CNN

  • Most fraud cases brought by the SEC concern operations that present themselves as cannabis businesses but instead are schemes.
  • Experian’s 2020 “Data Breach Industry Forecast” for 2020 lists cannabis among green energy and cryptocurrency industries expected to more frequently targeted for cyberattacks.
  • “The unscrupulous people who have always existed — the out-and-out fraudsters — take advantage of investors who want to make a buck quickly,” said former prosecutor Jodi Avergun.