Passing along another story of caution for business with respect to FRAUD.  It begins with, “Cyberthieves steal hundreds of millions of dollars a year from the bank accounts of U.S. businesses. And many business owners are surprised to find out their bank is not obliged to make them whole.”  Later in the report we hear “It’s a business account, so you’re out of luck.”

Cybersecurity Tips For Small Businesses

  • Train employees in security principles.
  • Protect information, computers and networks from viruses, spyware and other malicious code.
  • Provide firewall security for your Internet connection.
  • Download and install software updates for your operating systems and applications as they become available.
  • Make backup copies of important business data and information.
  • Control physical access to your computers and network components.
  • Secure your Wi-Fi networks.
  • Require individual user accounts for each employee.
  • Limit employee access to data and information, and limit authority to install software.

What To Do If Your Business Was Victimized

If funds are transferred to a fraudulent account, it’s important to act quickly:

  • Contact your financial institution immediately upon discovering the fraudulent transfer.
  • Request that your financial institution contact the corresponding financial institution where the fraudulent transfer was sent.
  • Contact your local FBI office if the wire is recent. The FBI, working with the United States Department of Treasury Financial Crimes Enforcement Network, might be able to help return or freeze the funds.
  • File a complaint, regardless of dollar loss, with

Source: The Internet Crime Complaint Center

Please listen to the NPS Morning Edition All Tech Considered story or read the full transcript here:

Originally aired September 15, 2015 by John Ydstie