Cybercrime has become quite advanced with the sophisticated techniques and methods that can easily get your businesses bankrupt without even getting noticed. CEO fraud, phishing attacks, whaling, impersonation, etc. are all such attacks which can prove to be extremely harmful for your business and if you are running a multimillion dollar organization, you can be the one getting hit next.
Last year Facebook and Google has been hit with a $100M BEC (business email compromise) scam in which the criminal was impersonating an Asian supplier. If such big and secure organizations can get hit by such attacks, where does your business stands?
Therefore it is extremely important for you to take necessary steps to protect your business form cybercrime. There are a number of preventive measure that you can take to make sure these cyber-attacks never happen to you and I am going to mention these for your business security.
Protecting Your Business from Cybercrime:
Criminals will always use more and more sophisticated approaches and techniques to trick the people into thinking that the emails and websites are authentic ones thus increasing the risk of damage. It is always important to be alert at all times and to train your employees so that they can differentiate between the legitimate emails, websites and links and the fraudulent ones. Also advise your employees to verify the authenticity of the payment request or supplier by calling the authorities first before proceeding the payments.
Some of the red flags you should be looking for are listed below:
- The Domain of Sender:
Criminals will always try to use domains that are similar to your business domains in order to fool the employees. Sometimes it is hard to detect the fraudulent domains but most off the times such domains are quite obvious. For example, if your authentic domain is email@example.com, the fraudulent domains may be as firstname.lastname@example.org or email@example.com. It takes an extra pair of eyes to look for such a mistake but it worth the time.
- Email Messages:
Spam emails are often to ask for a sign-in request to a financial or social account or asking for payments to a specific account. Pay close attention to the email requesting such actions before doing anything. Such emails and websites can be treated using website takedown.
- Urgent Bank Wire Enquiries:
Certain emails request you to wire transfers and employees easily gets tricked with such emails.