Resource Center
Mar 20, 2024
Important Information for Business Users of Online Services
Business transactions, because of their frequency and dollar value, are inherently riskier than consumer transactions. There has been steep rise of online account takeovers and unauthorized online fund transfers related to business accounts in the last five years.
Recently, small- to medium-sized businesses have been primary targets as cyber criminals have recognized that the security controls they have in place are not as robust as that of larger businesses. Analysis indicates enhanced controls over administrative access and functions related to business accounts and layered security using multiple and independent controls help to reduce these types of crime.