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Cyber attacks and fraud on the rise

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Cyber attacks and fraud against small businesses are growing increasingly sophisticated. Small businesses are increasingly becoming some of the most attractive targets today for enterprising cyber-thieves.

This afternoon, the Washoe County Sheriff’s Office, Senator Reid’s Office, Attorney General Catherine Cortez Masto, and national, state, and local experts held a forum for small businesses to learn how to protect themselves from cyber-attacks and fraud. Attendees heard from Law Enforcement and Consumer Protection Agencies, learned tips and techniques to prevent fraud, and learned how to create a Fraud Action Plan.

According to the Association of Certified Fraud Examiners (ACFE),  companies with less than 100 employees lose approximately $155,000 as a result of fraud each year. Small businesses also have a higher fraud rate than larger companies and non-business owners. Criminals use spoofed emails, malicious software and online social networks to obtain login credentials to businesses’ accounts, transfer funds from the accounts and steal private information.

“People expect targeted attacks to go after large enterprises, but the reality is that they go after the much more vulnerable small businesses.” said Bob Dorsey, one of the featured panel experts.

The Sheriff’s Office has these tips for preventing identify theft.

SOURCE: WCSO

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