Can Online Fraud Damage Your Business?
Your company is a ripe target for fraud. But it doesn’t have to be.
Here’s a real-world example of how easy online fraud can be. One morning, your office manager clicks on an email that looks like it came from the IRS, but didn’t. Instead, it’s from cybercriminals, who infect her computer with malware. When she logs on to do online banking later that day, they get access to her sign-in information and password, which they use to make fraudulent automated clearinghouse (ACH) batch transactions. In seconds, criminals halfway across the globe wire more than $200,000 of your company’s hard-earned money to accounts across Eastern Europe.