Inside Self-Storage

MAY 2019

Inside Self-Storage (ISS) is an information source for industry owners, managers, developers and investors covering news, trends, facility operation, finance, real estate, construction, development, marketing, technology, insurance and legality.

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In Canada: Dollies and Boxes www.dollies-boxes.com sales@dollies-boxes.com 888-398-9888 (CN) In the US: All From 1 Supply www.allfrom1supply.com sales@allfrom1supply.com 855-366-1100 Comparable prices on cylinder and padlocks. Contact Mr. Lock or its distributors. At participating distributors. *Quantities of 500 or more. THE NEW GUY IN TOWN IS STILL SMASHING PRICES ON DISC LOCKS, PADLOCKS AND CYLINDER LOCKS The Price Buster! Disc Locks as low as $3.49* An L.A.I. Group Company 9168 Stellar Court, Corona CA 92883 As low as $4.99* As low as $3. 9* As low as $2.59* 4 951-277-5185 / Fax 951-277-5170 / 800-422-2866 / sales@laigroup.com / www.laigroup.com Business E-mail Compromise This cyber scam uses social engineering to get the recipient to do something, usually transferring money to a fraudulent bank account. It doesn't use malware. This con has several variants. In one of the most common, the e-mail account of a high-level director or manager becomes compromised. It may be spoofed or hacked. A request for a payment goes from the compromised account to a second employee who's usually responsible for processing money transfers. This second employee sends the money to an account he doesn't realize is fraudulent. The cyber criminal quickly transfers the funds elsewhere, often out of the country, and it's gone. This scam has increased 136 percent over the last two years. It's aimed at businesses of all sizes, most of which are in the United States. Other variations include falsified requests from suppliers, fake invoices to vendors, and requests from hacked e-mail accounts to provide employee W-2 forms or Social Security numbers. Best defenses: Procedures, scrutiny and verification. Establish procedures to verify or hold money transfers. Be suspicious of requests for secrecy or pressure to take action quickly. If funds are transferred to a fraudulent account, then act quickly by contacting your bank. Ransomware Ransomware is a real threat that's been around for years and has been highly successful at extorting money. It most commonly starts when you click on a malicious link from a bad e-mail or unsecured website. The software freezes your computer and encrypts your data files. A warning pops up and demands that you do something, usually pay money (often in bitcoin). The warning says you must pay within a certain number of hours to get the private key to decrypt your files. Ransoms typically range from $200 to $10,000. Once encrypted, there really is no technical way to fix your system other than wiping and restoring it from backup data. May 2019 I ISS 39

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