Your Money or Your Business
Summary: New monthly fees on paper statements, such as the $9.99 charge a Northern New Hampshire business owner found on her commercial account, are pushing small businesses into online banking whether or not they are prepared for the attacks that have cost organizations at least $70 million over the last few years. A nine-page fraud advisory from the FBI, the Secret Service, the Internet Crime Complaint Center and the Financial Services Information Sharing and Analysis Center warns that criminals target the accounts of small and medium business owners and employees, and that the funds often cannot be recovered.
Key Takeaway: Business owners do not enjoy the same legal protections as consumers, so a business hit by an account hijacking is likely to lose any money from fraudulent transfers its bank cannot reverse - and the advisory's own guidance includes banking from a dedicated, preferably non-Windows machine and reconciling accounts daily.
Read the original at Krebs on Security ↗
- Topics
- Data Breaches
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