WATCH: Stacking Cash: Best Practices for Securing Financial Transactions
Previously recorded as a Customer-Exclusive Webinar
According to 2022 statistics, Business Email Compromise (BEC) – not ransomware – is the number one cyber scam affecting small businesses today. According to the Federal Bureau of Investigations, it has resulted in more losses than any other type of computer fraud in the U.S. Business Email Compromise can result in fraudulent wire transfers, direct deposit issues, vendor payment scams, and many other types of financial losses.
Typically, Business Email Compromise is made possible due to poorly trained employees, inadequate financial procedures, and a lack of security controls on financial transactions. In some cases, these attacks are combined with other, more sophisticated intrusions.
The good news – Securing financial transactions can be accomplished by implementing some basic operational changes that can nearly eliminate your susceptibility to these scams.
From our Customer Learning Series, we explore this new pandemic of cybercrime and ways you can reduce your risk today.
Watch the Webinar Recording HERE
Interested in learning more about OrbitalFire Cybersecurity for Small Businesses? Contact us Today.