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Understanding the Cyber Threat Landscape for Nonprofits
The contents contained within this slide deck may contain 
basic and preliminary observations. We also refer to some 
generally accepted principles for forensic investigations.
All observations are subject to further investigation and 
explanation of facts and are therefore subject to change.
Additional evidence and forensic analysis may be required to 
support any findings or observations.
This presentation is protected by U.S. copyright laws. Reproduction and/or distribution of the presentation without written permission of Withum is prohibited. 
©2020 WithumSmith+Brown, PC All rights reserved.
Disclaimer
OBJECTIVES
About the Withum Cyber Team & What We do…
Understanding the Cyber Threat Landscape for Nonprofits…
How a Cyber‐threat actor can damage and even destroy your Nonprofit, including 
valuable insights and lessons from the trenches…
Know your enemy & vulnerabilities…
How to Protect your Nonprofits…
Cyber Threat Intelligence…
Ask an Expert…
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©2020 WithumSmith+Brown, PC All rights reserved.
Matthew Ferrante, Partner at Withum
Summary Accolades
• Sony Network Intrusions, Target Data Breach, Neiman Marcus, Banner Health Networks, etc..
• Cyber Services to SMEs, Global Enterprises, Nonprofits, Energy, Technology, Crypto, Manufacturing, Medical, etc.. 
• Criminal, Civil, Regulatory Actions, Class Action Lawsuits Technical Experts
• Barclays Global Security Transformation
• US Secret Service Top Electronic Crimes Expert
• Awarded by Debit & Credit Card Industry
• US Secret Service’s Director’s Citation
• US Department of Justice Awards for Invaluable Expertise
• Designed the First Title III Computer Network Wiretap in United States
• 65+ hackers apprehended Globally…
Summary Special Operations
> Disaster Recovery | Business Continuity Rebuild of NYFO after 09/11 Attacks
> Operation Firewall / Operation ‘Get Rich or Die Tryin’
> Joint Terrorism Task Force (USSS E‐Crimes Support)
> 50th & Broadway: PBX Hacking, Access Device Fraud & Shoulder Surfing
> Al‐Qaeda Network Takedowns: Netherlands, Middle East, etc.. 
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©2019 WithumSmith+Brown, PC All rights reserved.
Meet the Withum Cyber Team
What We Do….
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Incident Response & Cyber Forensics • Criminal Actions
• Regulatory Violations
• Asset Identification
• Restitution
• Civil Actions
• Intellectual Property Theft
• Organized Crime
• Supplier Misconduct
• IT Misconduct
• Employee Misconduct
• Whistle Blowers
• Data Leakage / Data Loss
• Unauthorized Forwarding of 
Confidential Information
• Espionage
• Terrorism
• Child Pornography
• Kidnapping
• Extortion
• Fraud
• Insider Trading
• Price Fixing
• Threats
• Hacking
• Data Breaches
• Hacktivism
• Proxy Busting
• Intelligence
• Social Networking Analytics
• Due Diligence & Audits
• Incident Response Support
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Withum Cyber
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• STRATEGY
• IDENTIFICATION
• COLLECTION
• PRESERVATION
• RECOVERY
• PROCESSING
• REVIEW
• REPORTING
***GIGO***
Modern Incident Response and Forensic 
Analysis of Devices
Understanding the Threat Landscape
Nonprofits High‐Risk of Cyber Intrusion
• Complacency / Weak Security
• No Cohesive Security Strategy
• Lack of CISO / vCISO / Director of Security
• Limited IT Security Expertise
• Misaligned and/or Limited IT Security Budget
• Lack of Independent Modern Cyber Security Audits
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©2020 WithumSmith+Brown, PC All rights reserved.
High‐Risk of Cyber Intrusion for Nonprofits
• Economic Gain: Assets & Personal Information
• Hacktivism: Radical Groups
• Vanity, Revenge, Outrage and more…
• Confidential information, e.g. PII Data
• Donor Lists | Springboarding
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©2020 WithumSmith+Brown, PC All rights reserved.
Breakdown Cybercrime Economy in Profits
• Illicit Online Markets: $860 Billion
• Theft of Intellectual Property or Trade Secrets: $500 Billion
• Data Trading: $160 Billion
• Cybercrime‐As‐A‐Service: ~$1.6 billion
• Ransomware: $1 Billion
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Cyber Security Stats and Facts
• Cybercrime economy in profits:
• Cybercrime Damages:
• Ransomware Attacks:
• Top Country Targeted:
• Est. Records Exposed 2018 ‐ 2023:
• Est. Cost Per Record Exposed:
• Average Cost of Data Breach:
• Dark Web Cybercrime Toolkit Cost:
This presentation is protected by U.S. copyright laws. Reproduction and/or distribution of the presentation without written permission of Withum is prohibited. 
©2020 WithumSmith+Brown, PC All rights reserved.
Source: IBM/Ponemon
$1.5 Trillion
$6 Trillion by 2021
14 Sec. | 11 Sec. 2021
USA
$146 Billion
$242 per record
$8 Million
COVID‐19 Related Cyber Attack Statistics
Since COVID‐19 pandemic began:
• Cyber attacks up 400%
• Google has been blocking 18 million COVID‐19 related phishing emails 
and malware daily 
• Spear‐phishing attacks increased 667% 
• FBI complaint center for internet crime has received over 3,600 
COVID‐19 related scam complaints 
• COVID‐19 related phone scams are on the rise 
• Ransomware attacks increased 148% 
• Average amount demanded for ransomware attacks increased 33%
Source: techjury
COVID‐19 Related Cyber Attack Statistics (Cont.)
• 46% of businesses that started working remotely have experienced at 
least one form of a cybersecurity attack
• Phishing websites have increased by 350%
• Between March 9th and March 23rd, over 300,000 coronavirus 
keyword‐related websites were created.
• Banks have experienced a 238% increase in cyberattacks 
Source: techjury
PHISHING | VISHING
Tools are readily available, often 
free, to support cyber criminals
PHISHING
VISHING
Cyber Insurance
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Accountability for Executives, Board 
Members and Positions of Trust
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Corporate Executive Accountability Act, which would impose jail time 
on corporate executives who "negligently permit or fail to prevent" a 
"violation of the law" that "affects the health, safety, finances or 
personal data"
Polling Question 1
• What are the biggest challenge for your Nonprofit?
A. Technology Refresh(es)
B. Security
C. Compliance, e.g. e‐PHI/ HIPAA, NY‐SHIELD, CCPA, GDPR
D. All of the Above
Motivation of Threat Actors
Impacts by Cyber Security Incidents
Motivation of Threat Actors
2019 Reported Cyber Crime by Victim Loss
Images: FBI
Enter the Mindset of a Threat Actor…
‘External’ Threats
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©2019 WithumSmith+Brown, PC All rights reserved.
This presentation is protected by U.S. copyright laws. Reproduction and/or distribution of the presentation without written permission of Withum is prohibited. 
©2020 WithumSmith+Brown, PC All rights reserved.
IT Admin IT Admin
Internal Threats
Coders
Nonprofits Related Cyber Attacks
• Contractor Serving Greater Morristown Nonprofits
• Reagan Foundation
• Nonprofit Times, MIP
• Kansas University Endowment and Community Foundation of Texas
• People Inc.
• Massachusetts Nonprofit Shelter Targeted by Ransomware
“Attack him where he is unprepared, Appear where you are unexpected ‐ Sun Tzu”
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©2020 WithumSmith+Brown, PC All rights reserved.
Nonprofit Destruction
DDOS ATTACKS
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Nonprofit Destruction
DDOS ATTACKS
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Sock Puppets Internet Trolls
Nonprofit Destruction
Cyborg (Human + Bot); AI
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Nonprofit Destruction
Injection Attacks
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Nonprofit Destruction
Bricking
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Nonprofit Destruction
Regulatory Violations and Legal Sanctions
Think Internal & External Compliance, Data Privacy Violations, GDPR, CCPA, NY‐SHIELD, etc..
Independent Proof via 3rd Party Security Audit Validating Controls Align to Effective Compliance Adherence
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Nonprofit Destruction
• Complacency
• False Sense of Security | Rubber Stamping Environment
• Check the Box Security | No Validation of Controls
• Not us…yes you!
• No Strategy / Plan
• Lack of Independent Security Audits
• Lack of Accountability
• Fix‐on‐Failure
“Next Generation Cyber Attacks…”
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Dawn of Kinetic Cyber
A cyber kinetic attack is a direct or indirect assault causing damage, injury or 
death through the exploitation of vulnerable information systems and 
processes. 
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IoT: Next Gen. Challenges
In other words, IoT is about the connection.
IoT of Disaster
“Doctors disabled wireless in Dick Cheney’s pacemaker to thwart hacking”
“Yes, terrorists could have hacked Dick Cheney’s heart.”
Cheney concurred, saying he found the threat "credible."
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Polling Question 2
Do you feel that your organization currently has adequate resources, 
including personnel and monetary resources, to meet their information 
security needs?
a) Yes
b) No
c) Not sure
d) Not Applicable
How to protect a Nonprofit from Cyber Attacks
“Know your enemy and know yourself ‐ Sun Tzu”
Protect Your Nonprofit
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OSINT Reports
“Know your enemy and know yourself ‐ Sun Tzu”
Knowledge is not Power….
…the application of knowledge is power.
Protect Your Nonprofit (Assessments)
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 Threat Emulation Security Assessment
 vCISO / vCCO Analysis of Sec. Control Framework
 Business Continuity & Backup Assurance
 Incident Response Exercises
 ‘Trust; but Verify’
Security Measures for Nonprofits
Secure workstations
• Lock our systems (Ctrl‐Alt‐Delete)
• Shut down systems not in use
• Run up‐to‐date virus scanning software
• Password protect files
• Apply software patches
• Run a desktop firewall
Backup Data
• Test backups
• Securely store backup media (offsite)
• Restrict access to who can perform restoration
Control Access to Data
• Only allow access that is absolutely required
• Don’t grant accounts because access “may” be 
required
• Use least privilege access policies that state access 
will only be granted if required, not by default
• Are accounts removed and passwords changed 
when someone changes jobs or is terminated?
Physical Security
• Control access to sensitive areas
• Install cable locks
• Limited the amount of people who has access?
• Are sensitive documents secured? Incident Response
• Do you Have a plan?
• When was it last reviewed and updated? 
• Who gets alerts when something is wrong?
• Who contains/remediates it?
Perform Audits
• Evaluate internal/external controls
• Use third party for non‐bias reporting
• Conduct regular penetration testing/scanning
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Security Measures for Nonprofits (Cont’d)
Teleconferencing 
• Create Virtual Waiting Rooms
• Use unique meeting ID’s and Passwords
• Lock down your meeting (If Applicable)
Remote Work
• Use VPN (Virtual Private Networks)
• Use 2FA / MFA
Others
• In‐House CFI / Security
• Understand your Cyber Security Policy, e.g. what is REALLY 
covering and under what terms and conditions
• Cloud: Use the right licensing to protect your staff and your 
customers data, e.g. M5 vs O5 (Microsoft Example)
• Data Loss Prevention 
• FIM Solution
• Threat & Intel 
Polling Question 3
What do you feel are your organization’s biggest security risk?
a) Employees
b)  Vendors
c) IT Infrastructure
d) Other
How to Protect your Nonprofits
Assess the Risks and Formulate a Plan
• Perform an objective analysis of your information, systems and processes. Your IT team is probably qualified, but a third 
party with experience in cybersecurity is recommended to avoid any bias.
• Look for weak spots in your network and data security. Make evaluations and scans a regular part of your internal audit 
processes. Conduct regular external assessments and scans to identify vulnerabilities.
Avoid Human Error
• Cyber risks are not just a problem with technology. It all comes down to protecting information, and anyone with access to 
that information (staff, contractors, vendors, and even customers) must be responsible and accountable.
• Establish a culture of cybersecurity awareness. All staff should regularly be made aware of the most current threats and 
attacks being used by criminals. 
• Provide mechanisms to enable remote workforces to perform their functions securely, while limiting the organization’s 
risk exposure due to human error. 
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How to Protect the Nonprofits (Cont.)
Be Prepared for the Worst
• It is important to plan your response in the event you are hit with an attack. A comprehensive and documented Incident 
Management Plan is designed to guide the organization through a suspected security incident.
• Roles and responsibilities should be defined, such as who will carry out key tasks like forensic investigation and legal 
response. Most states have requirements for reporting data security breaches. It is important that your team know who is 
responsible for understanding the breach reporting requirements and reporting to the applicable state(s) in a timely basis 
to avoid potential fines and penalties. 
Commonly Overlooked Risks 
• Even with the best of planning, there are still risks that are often overlooked. Problems can arise from disparate IT 
systems, poorly configured personal devices used on the corporate network, and when services are integrated with third 
party vendors.
• Hackers will find and exploit your systems weakest link, whatever it may be. It is important to know where all of these 
weak links are and work toward securing them. 
This presentation is protected by U.S. copyright laws. Reproduction and/or distribution of the presentation without written permission of Withum is prohibited. 
©2020 WithumSmith+Brown, PC All rights reserved.
“Do or do not, there is no try."
“False security leads to suffering…”
“Faking Security is the path to the dark side...”
Polling Question 4
Has your nonprofit conducted an Adversary Emulation Security Assessment?
(3rd Party Security specialists attempt to gain access to nonprofit systems and data mimicking intruders)
Questions?
Thank you for participating in today’s webinar…
This presentation is protected by U.S. copyright laws. Reproduction and/or distribution of the presentation without written permission of Withum is prohibited. 
©2019 WithumSmith+Brown, PC All rights reserved.
For more information, please contact: 
Withum Cyber
WCyber.info@withum.com
Matthew Ferrante                            Brad Caruso 
+1 (212) 537‐9397                      +1 (908) 565‐3639
mferrante@withum.com bcaruso@Withum.com

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