By Amy Streifel
You ever get those random calls where someone calls and urgently tells you to give your credit card or ELSE?! They make it sound like this is really something important and something I should be doing pronto. I know this is a scam immediately, but many people don’t and that’s a scary situation. For instance, I've gotten a few emails from my (boss) telling me he needs to wire money to me and needs my account number. Seems unlikely, but I always ask Chad in case there's a big bonus coming my way… I would hate to miss out on that! As a business, we are on the watch every day for possible cyber attacks or breaches of information. If something seems fishy, it usually is a scam. Along with the pandemic, business interruption has been the deemed the biggest threat to businesses globally. Globally, business interruption ranked second and natural catastrophes followed as the biggest cause of loss. While the pandemic ranked fourth, cyber risks and natural disasters are tag teaming to up the fear factor for businesses in the upcoming year also. There is a huge demand for ransomware and the demand increased more than 500% during 2021 first half. Another way to protect your business is fraud coverage in your business insurance. So how can you protect yourself and your business?
1. Protect your bank accounts. If you haven't created spare bank and credit card accounts for your personal life and business, you should do so. If hackers get their hands on one account, they will easily be able to access the others if they are the same.
2. Safeguard your computer systems. Hackers are experts at cracking computer systems. Consider a sturdy firewall and backing up your files on a daily or weekly basis and store them offsite.
3. Purchase insurance. While there are many precautions you can take, no measure is foolproof. If a fraudulent attack occurs, having insurance is crucial. Ask your insurance agent if fraud is included on your business owners policy.
Do how do you spot phishing emails?
1. Emails with bad grammar and spelling mistakes.
2. Emails with unfamiliar greeting or salutation.
3. Inconsistencies in email addresses, links, and domain names.
4. Suspicious attachments.
5. Emails requesting login credentials, payment information, and/or sensitive data.
6. Too good to be true emails. Like if your boss offers you a paid vacation to the Caribbean for a week...wink, wink.
Posted on September 1st, 2022