Learn about the different types of business cybercrime and
how to protect your company from online threats.
Business impersonation is a type of fraud that involves using someone else’s business information for personal gain. This can include impersonating a business online to scam or defraud others.
Impersonation is a serious problem for businesses of all sizes, as it can lead to financial loss and damage to the business’s reputation. If you suspect that your business is being impersonated, it’s important to act quickly to minimize the damage.
Business identity theft is a type of fraud that involves using someone else’s business information for personal gain. This can include opening new accounts in the business’s name or using the business’s credit line to make purchases.
Identity theft is a serious problem for businesses of all sizes, as it can lead to financial loss and damage to the business’s reputation. If you suspect that your business has been a victim of identity theft, it’s important to act quickly to minimize the damage.
Business email compromise (BEC) occurs when an attacker uses a spoofed email account or malicious software to gain access to an organization’s financial resources. The attacker will usually pose as a CEO, executive, vendor or customer in order to trick employees into transferring money to their own account. This type of attack can be difficult to detect, as the attacker will often have knowledge of the organization’s internal procedures.
BEC attacks can have a significant financial impact on an organization. In some cases, attackers steal millions of dollars from their victims. Additionally, BEC attacks can damage an organization’s reputation and cause customers to lose trust in the company.
A data breach is a security incident in which information is accessed or stolen by unauthorized individuals. Data breaches can occur when personal data is exposed, either online or offline. They can also occur when an organization’s systems are compromised, allowing attackers to access sensitive data.
Data breaches can have a devastating impact on businesses. They can damage an organization’s reputation, lead to financial losses and cause customers to lose trust in the company. In some cases, data breaches can also result in legal action being taken against the organization.
Malware is a general term for any type of malicious software, including viruses, spyware and Trojans. Malware can infect your computer in many ways, including through email attachments, downloads from unsafe websites, infected storage devices such as USB drives and by disguising itself as a legitimate program. Once it’s on your business’s computer system, malware can collect sensitive data, damage your system or even delete your files.
Most people know to be careful about clicking on links in email messages or downloading attachments from unknown sources. However, malware can also be spread through seemingly safe channels, such as social media and trusted websites.
Business money transfer fraud is a type of fraud that can occur in a number of ways, but typically involves the use of false or misleading information to convince a business owner or employee to send money to a third party. In some cases, the fraudster may pose as a legitimate business or individual in order to gain your business’ trust. Once the fraudster has your trust, they will often ask for access to your business’ bank account or financial information in order to make the transfer. In other cases, the fraudster may simply send a fake invoice or request to your business, which an employee may pay without realizing that it is a fraud.
Business phishing is a type of cyber attack that uses email to try and trick you or your employees into revealing sensitive information or downloading malware. The attacker usually poses as a trusted entity, such as a financial institution or online service, in order to gain your trust. Once you or your employees have provided their login credentials or clicked on a malicious link, the attacker can gain access to your account or infect their device with malware. Business phishing attacks can have serious consequences for both the individual victims and the organizations they work for.
It’s no secret that taxes can be confusing and stressful for business owners. Unfortunately, there are also a number of scams out there specifically targeting businesses and their tax obligations. As a business owner, it’s important to be aware of these types of scams. Scammers might pose as the IRS, an accountant or an employee, but they all have the same goal: to cheat you and your business out of your hard-earned money.
Business loan scams target small businesses and business owners in an attempt to get them to sign up for loans that they will never be able to repay. These scams often involve promising a lower interest rate or a longer repayment period, only to later increase the interest rate or shorten the repayment period. In some cases, the scammer may even threaten to take legal action if the loan is not repaid. In other instances, businesses are scammed out of money by signing up and paying fees for loans that they never received.