Protect Your Business
When it comes to fraud, businesses are just as much a target as consumers. Many companies have sensitive personal information in their files (e.g. names, Social Security numbers, credit card, or other account data) identifying customers or employees. This information is often used to fill orders, meet payroll, or perform other business functions. If this data is stolen, it can lead to fraud, identity theft, or other concerns.
Security breach costs can go beyond the financial, and may include losing customer trust which undermines your businesses reputation, or even defending yourself against lawsuits. Keeping private information safe is good business. In this section, we provide suggestions to help you protect your business from fraud.
The National Cyber Security Alliance has 5 steps to Better Business Cybersecurity Guide:
Take inventory of key technologies you use and know what information you need to rebuild your infrastructure from scratch. Inventory is the key data you use and store and keep track of likely threats.
Locate all key data
This 5-step approach follows guidance from the "Framework for Improving Critical Infrastructure Cybersecurity." For additional resources please visit: http://www.bbb.org/cybersecurity; http://stopthinkconnect.org/; https://www.us-cert.gov/ccubedvp
Protect all accounting documents by locking away check stock, signature equipment, invoices and critical account information.
Monitor your employees. Screen new hires carefully and train them accordingly. Separate accounting responsibilities, making payables and receivables processing different work positions.
Monitor the movement of employees, vendors and contractors in and out of your offices.
If you have any questions or concerns about the possibility of fraud, please contact your banker
or customer service.
Disclaimer of Legal, Tax, and/or Financial Advice
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