Business identity theft schemes and cybercrimes are targeting Small and Medium-Sized Businesses (SMBs) every day. In fact, the growing crimes against SMBs go well beyond creating fake W-2 forms with Employer Identification Numbers (EINs) to file a fraudulent tax return. Today’s cybercriminals can easily mask their attacks and commit any number of malicious acts from hacking into IT systems to compromising email accounts and network connections, and even spoofing Wi-Fi access points and redirecting traffic.
These same bad actors are also ready to engage in activity that will compromise intellectual property, download employee records, or even take on the discernible route of stealing financial funds with unauthorized access to, or, even opening up, financial accounts. Essentially, all of the threats large organizations must deal with – including the resources, technology and skills these fraudsters tout – SMBs must also face. But, without the specialized tiger teams that big companies often put together. And, all on a shoestring budget. Continue reading
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