The FBI reports that 7,000 US companies lost more than $740 million to Internet-based crimes in the past 2 years. According to a survey by The National Small Business Association small business owners victimized by cybercrime reported losing an average of over $30,000. Because smaller businesses typically don’t have the security tools larger companies have, they’ve become inviting targets.
The most common scams include:
If your business does fall victim to these criminals, what is your recourse? Unfortunately, the Electronic Funds Transfer Act that requires financial institutions to protect its customers applies to consumers, but not businesses. That means that your recourse is based solely on the agreement you have with your bank, and is subject to your company taking all of the security measures included in the agreement. That’s why it’s crucial that all of your employees who have access to the company’s computers understand the dangers of cybercrime and act accordingly.
When it comes to cybercrime, the proverbial ounce of prevention is worth many pounds of cure. In the same way, your Torrance Haas Factory Outlet can show you how preventative maintenance of your CNC machines saves time and money in the long run. Call: Call (310) 381-0750, email: jphillips@haasfactoryoutlet.com, or visit www.haasfactoryoutlet.com.