When fraud siphons cash out of your individual bank account,
the law requires your bank to cover your losses in most cases. That's
not the case for business accounts, even for one-person businesses. For the
small business owner who gets stung by a cybercriminal, that can make a bad
situation far worse.
We've discussed basic
steps for avoiding cyber fraud before, but these recommendations bear
repeating:
- teach your employees the early warning signs of fraud
- change passwords frequently
- require two people to approve any funds transfers or changes to your list of authorized payees
- perform all your financial transactions on a computer that's both password-protected and not connected to the rest of your network
If you have questions, or if you think you're being
targeted, our security experts are here to help you protect your network
— and your bank account.
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