Is Your Business Vulnerable to Cybercrime?

It only happens to the big companies, right? While that may have been the conventional thinking in the past, cybercrime is finding large businesses, government institutions, and even individuals as its victims and as the Internet becomes increasingly integrated in to our daily lives, cybercrime continues to become more widespread.

Business is often about timing. Each day you have deadlines and if they aren’t met, you lose money. If you can’t get to your data for any reason, your day and the future of your business may be at risk. With data being so important to businesses of all sizes, it would be reasonable to believe that much like liability insurance, businesses are protected but that’s far from a true.

A recent survey concluded that 52% of all business don’t have an IT security policy. Their data simply isn’t held under cyber lock and key like it should be and their employees are free to practice internet usage while at work in any way that they see fit.

If your business is in the 52% crowd, something has to change and it has to change today. What can you do to decrease your risk of cyber attack?

Back Up Your Data

Just like in our real lives, not being a victim of theft often starts with common sense. Your data is too important to only be in one place and you should never trust somebody else to back it up. Copy your data and place it some place secure. If you can fit it all on to a portable hard drive or some other piece of hardware that isn’t connected to the internet, do that once per week. If you can’t, find an online backup service that will automatically do this for you

FBI Warns of $100M Cyber-threat to Small Business

Cyberthieves are hacking into small- and medium-sized organizations every week and stealing millions of dollars in an ongoing scam that has moved about US$100 million out of U.S. bank accounts, the U.S. Federal Bureau of Investigation warned Tuesday.

It's now one of the top problems being addressed by the National Cyber Forensics and Training Alliance (NCFTA), which works with the FBI and industry to share information about cyber attacks, according to NCFTA Executive Director Ron Plesco. "Every year there seems to be a trend and this has been the trend this year," he said.

There has been a "significant increase" in what's known as ACH (automated clearinghouse) fraud over the past few months, much of it targeting small businesses, municipal governments and schools, the FBI said in an alert posted to its Web site.

The criminals can move thousands or even millions of dollars out of their victims' accounts very quickly, using online banking to add new payees to the organization's bank account and then moving the money overnight. Usually the first step is an e-mail to the company's bookkeeper or financial officer that can include malicious attachments designed to look like Microsoft software patches, or simply links to malicious Web sites. The idea is to get the criminal's keylogging software onto a computer with online banking access and then steal login credentials.

Once they have access to the bank account, the hackers set up ACH transfers to money mules -- typically innocent victims who think they're doing payroll processing for international companies -- who then transfer the money overseas via services such as Western Union and Moneygram.

In one case, the criminals even launched a distributed denial-of-service attack against an ACH processor to prevent the bank from recalling transfers before the money mules could move them overseas.

Once the money is out of the country, it is gone for good. PC World