And businesses coque samsung che guevara don’t have the same coque samsung galaxy core prime darty. legal protection from bank account fraud consumers have.
The Electronic Funds Transfer Act, passed in 1978, states that it’s intended to protect individual consumers from bank account theft, but makes no mention of businesses. Whether a business is protected depends on the agreement it signs with a bank, says Doug Johnson, a senior vice president with coque samsung a5 spigen the American Bankers Association, an industry group. If the business hasn’t complied with any security measures required by the agreement, it coque samsung a3 licorne could be liable for the stolen money, he says.
Any business is vulnerable, but small companies are less likely to coque samsung galaxy a5 2016, téléphonie have security departments and procedures to guard against online theft than big corporations do. They also don’t have big revenue streams that are better able to personnalisé coque samsung galaxy s7 edge absorb losses from a theft. And even if they get the money back, coque iphone xs max support they still have to spend time and money dealing with the hassles of closing accounts coque samsung player 5 s5560 and opening new ones.
Sandy Marsico’s company accounts were attacked twice. Her bank contacted her in December 2014, coque iphone xs ange saying a transfer of over $50,000 to Mexico had been requested from her checking account. The thieves had obtained the account information; Marsico, owner of Sandstorm Design, a Chicago based marketing company, still doesn’t know how. The bank did an investigation but didn’t share its findings with her.
Marsico didn’t approve the transfer, the account was closed and a new one opened. But the following November, someone began withdrawing money from the new account in increments ranging from $1,000 to $4,000, a total of $20,000 in the course of a month. Marsico didn’t discover it until she got her monthly statement.
“My stomach dropped when I wasn’t able to identify these as our charges,” Marsico says.
The bank, which again did an investigation but didn’t tell Marsico the coque samsung galaxy j3 anti choc results, again reimbursed Sandstorm. Marsico has since moved some of her accounts to another bank.
How it happens
Cybercriminals are creative, changing methods as companies and banks find ways to prevent coque iphone xs red bull attacks.
Thieves are increasingly using realistic looking emails to trick companies into transferring money from their accounts with what’s known as wire transfers, says Avivah Litan, a security analyst with the research company Gartner. Often, an employee receives an coque samsung galaxy grand chanel email purportedly from a company executive asking them to transfer the money from the company’s account into a specific external account.
The first attack on Marsico’s account was a wire transfer attempt but didn’t use an email to her company. companies of coque samsung j3 nounours all sizes had been victimized in emailed attacks since late 2013, with losses coque samsung j5 cora of more than $740 million (roughly Rs. 4,977 crores). The government said the number of identified victims had surged 270 percent between January and August of last year. Most of the thieves coque iphone xs max pink are believed to be in organized crime groups in Eastern Europe, the Middle East and Africa, the FBI said.
Criminals can also operate by planting malicious software known as malware on a company computer, often via an email that has a link or attachment. If the computer is used to log into a bank account, the malware can record the login and password and send it back to the criminals, who then withdraw funds. But many banks have procedures designed to protect against stolen logins. If bank computers don’t recognize a device trying to log in, the bank coque iphone xs moshi will send a one time access code to the account holder on a separate device like a phone. Without that code, a fraudster can’t log in.
Using a computer or smartphone in a public place that has a Wi Fi environment can also be risky, says Kevin Watson, CEO of Netsurion, a Houston based company that provides cyber security for small businesses. Some Wi Fi spots may coque samsung galaxy grand prime coca have weak security, and savvy hackers know how to steal information that someone keys into their device.
And some thieves do it the old fashioned way, simply by copying account numbers and routing information from checks and then printing phony checks and depositing them. One thief made two withdrawals from the checking account at Mark Waring Ventures two months ago, one for $800 and another for $1,000.
“Someone can just look at a check and they’re a good part of the way to hacking into your account,” says Dave Waring, managing partner of the New York based company that provides financial and other services to small businesses.
The bank reimbursed Waring, the account was closed and he now makes payments electronically.
At Neil Palache’s company, the culprit used a counterfeit debit card. Two thefts totaling $1,400 happened while Palache was online, looking at his account, and the card was immediately canceled. The bank refunded his money and Palache got a new card.
“I was thinking, ‘they’re going to wipe me out of this keeps going,'” says Palache, owner of The Wealth Creator Co. for Women, a Westlake Village, California, coque samsung j7 2017 liquide company coque samsung galaxy s6 avant arriere that teaches women how to manage their money.
What can you do
Business accounts coque samsung galaxy s6 silicone fantaisie are safer at banks that use what’s known as two factor authentication, requiring unfamiliar account users or devices to supply additional information like one time access codes, coque samsung s7 ol says Timothy Ryan, a managing director with the wish coque samsung j5 2017 security company Kroll in New York. Sophisticated banks also have software that flags emails or attempted logins from unfamiliar Internet service providers, he says.
Additional steps owners can take:
1. Everyone in the company must be hypervigilant about emails, being wary about clicking on links and attachments and checking the addresses that emails came from. Criminals may create email addresses that look familiar but that might have an extra letter like an “I” coque samsung galaxy note2 or “i” not apparent at first glance.
2. In the case of wire transfers, put procedures in place so several managers must sign off before coque iphone xs hilfiger a transfer can made.
3. Keep a close eye on accounts. If you can’t check your balance daily, get text alerts whenever there’s a withdrawal.
4. Don’t log into your bank from an airport, hotel lobby, coffee shop or other public space that offers free Wi Fi. Resist the temptation to log in until you’re home or in your office…