The Single Most Dangerous Assumption Businesses Make
About Bank Security That Can Cause Them To Lose ALL Their Money
Here’s a shocker to most business owners: Your bank often can NOT reclaim money stolen from your bank account due to fraud or cyber-crime. That means if money get drafted from you business bank account from a hacker, phishing attack, identity theft, or by any other means, you have little to no chance of getting it back.
This often comes as a surprise to businesses who think the CDIC will “save” them from getting their accounts wiped out, and can get the money back once taken. The reality is that the CDIC insurance is to protect you from bank failure, NOT fraud. So if your debit card or account information get accessed by a hacker and you don’t notice it within the same day, you can pretty much kiss that money goodbye!
Recent studies have shown that 83% of small businesses take no formal measures against cyberthreats, even though almost half of all attacks are aimed at them!
Here are 5 essential steps you can take right now to protect your business:
- Enforce A Strict Company Password Policy: This is a simple step, but is is still violated by many companies every day. Make sure that you and your employees change passwords regularily, don’t use the same password for all accounts, and require complex passwords.
- Set Up A Firewall: Small business owners tend to think that because they are “just a small business”, no one would waste time trying to hack into their network. The fact is that hackers will target the weakest link. Without a firewall, that “weak link” is YOUR company.
- Designate A Banking Only Computer: Banking Fraud is one of the biggest threats to small business. The 2011 Business Banking Study showed that 56% of businesses experienced payment fraud (or an attempt at fraud) and 75% experienced account takeover and fraud online. By using a single computer solely dedicated to online financial transactions (no email, web-surfing, Facebook, YouTube, etc.) it’s much harder for outsiders to gain access to your information.
- Back Up Your Files Daily: It amazes me how many businesses never back up their computer network. You can lose data, as well as money, in a cyberattack. Thanks to many new technologies, you can even schedule backups to occur automatically. If the data in your business is important to you, make sure that you have more than one copy of it.
This FREE Report Reveals What EVERY Business Owner Should Know About:
- Keeping your network safe from viruses, hackers, spam, spyware and other cyberthreats.
- Critical security measures to protect against natural disasters, major system failures, theft and corruption of sensitive data, and even employee sabotage.
- How to dramatically lower or eliminate expensive computer repair bills.
- How to get (and keep) your network running lightening fast.
To download this FREE Report, call us now!
204-800-3165
Or go online to:
http://tbyd.ca/techtips/ebooks/whateverysmallbusinessownermustknowabout.pdf