Small businesses are generally targeted for identity fraud
\nand account takeover. Once something happens, they tend not to have a lot of
\nresources to deal with it. These businesses are easily attacked because they
\narent familiar with the fraud prevention services available or think they are
\ntoo expensive and dont know how to use them. In new findings, the majority of
\nsmall businesses have no policies or best practices in place to protect them
\nfrom cyber-risks associated with remote networking, email and Internet
\nvulnerabilities. In the coming year, only 22% of them plan to take additional
\naction from what theyre doing today.<\/p>\n
Small business owners rely on their banking
Owners should review the contracts they have in place. The
Ask these questions when improving fraud
Its important to remember that small business owners help
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\ninstitutions<\/a> for fraud detection and prevention, rather than monitoring
\ntheir accounts as well. Their main concern is credit card and debit card fraud
\nand business identity theft. Even with these concerns, small business owners
\nstill arent doing enough to enhance their fraud defenses. We suggest that
\nsmall business owners talk to their banks and other service providers who can
\nhelp them make informed decisions about steps that will make the most sense for
\ntheir own business.<\/p>\n
\nconsumer protections that are provided by a banking institution are usually
\ndifferent than the small business protections and its important to know the
\ndifference. Protecting yourself from financial fraud should be a concern for
\neveryone especially for small businesses. Research shows that small businesses
\nare easy targets for fraud. Small businesses comprise the highest rate of fraud
\nand largest median loss. Even with this information, a low percentage of them
\nplan to take additional action for fraud prevention.<\/p>\n
\nprevention<\/a> efforts:<\/p>\n\n
\nyears?<\/li>\n
\nforward<\/a>?<\/li>\n<\/ul>\n
\ndrive our economy. Protecting organizations from financial fraud should be a
\nconcern for everyone, especially for small businesses.<\/a><\/p>\n<\/p>\n