45%… Forty-five percent of all personal computers are now predicted to be infected with software
that is designed to steal money from your bank account, according to The
Anti-Phishing Working Group. New groups of cyber gangs are going after
unsuspecting victims such as average to small-sized businesses. You may think
that large bank systems are the ones at the most risk, but according to Arthur
Wong in his article Beware
Cyber Crime Gangs: Is Your Banks Web Site Safe? hijackers are now
targeting smaller business from PCs. These statistics may come as a shock to
some. Reason being, there is no disclosure requirements for banks that face
fraudulent activity due to ID
verification issues. This causes some serious woes for company bank accounts
especially since banks do not have the same obligations for company accounts as
they do for personal accounts.
So what can you do to prevent these gangs from striking
your business? Build firewalls, change passwords, use anti-virus software? Hijackers
can surpass even these types of measures by injecting codes insides your
browser. It goes without saying, there is no way to ensure 100% protection from
fraud no matter what your fraud prevention measures are, but you can certainly
increase your chances of protection.
As of Jan. 1, 2012 federal bank examiners started enforcing our
good friend, the FFIEC
rules for online bank security by implementing multiple layers
of security and authentication. These layers of authentication can help
companies protect themselves from the new threats posed by cyber gangs. EVSs
Real-time transactions and knowledge-based
authentication can add the extra layer that banks may need in order to outwit
the codes that are breeching personal computers by stopping the thieves before
reaching the users data.
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