The Four Stages of a Small Business Under Cyber Attack

cyber attack

With the growing number of cyber attacks on businesses—including Target, Home Depot, Kmart and Staples—attacks can easily seem commonplace in today’s increasingly connected world. Cyber attacks lead to exposed personal, financial and business information. These exposed documents may jeopardize the security of your customers’ or employees’ identities, create fraud within your business or simply leave you with a hefty IT bill to repair the damage.

As a small business owner, you might not have a fully stocked IT department monitoring cybersecurity around-the-clock. But even the most basic understanding of a cyber attack against a small business will allow you to spot vital warning signs, thwart unwanted digital attacks and prepare for the future. Continue reading

5 Signs Your Employees Are Tampering with Your Accounts

If there’s one thing you’ve learned as a small business owner, it’s to expect the unexpected. Rising costs, unforeseen delays and flaky prospects are just a few of the obstacles you’ve managed to overcome with the help of your team. But what would happen if you found out that those fueling your success are actually leading to your demise?

Occupational fraud is a killer. The typical organization loses 5 percent of their revenue to fraud each year, according to the Association of Certified Fraud Examiners (ACFE). And small business fraud hits victims disproportionately hard with a median loss standing at a staggering $154,000. Continue reading

Protect Your Business from the Top Perpetrators of Occupational Fraud

When it comes to occupational fraud, small businesses (those with less than 100 employees) are hit disproportionately hard, suffering a median annual loss of $154,000, according to the Association of Certified Fraud Examiners (ACFE). That’s a significant chunk of many small business budgets, and many owners find it difficult to bounce back from such a devastating financial setback.

Fortunately, it is possible to figure out who in your organization is most at risk of committing fraud —valuable information that can then be used to more effectively guide your anti-fraud initiatives. Here’s what you need to know:
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Business Ethics From the Top Down Can Prevent Fraud

By now we’re all too familiar with sordid tales of greed and fraud committed by executives at the highest levels of corporate America, from Bernie Ebbers (ex-CEO of WorldCom, the nation’s second largest long distance company) to Bernie Madoff (former investment broker). The economic ruin left in the wake of such fraud — companies destroyed, employees left jobless, investors rendered penniless — has prompted attention about the importance of “tone at the top” in the business workplace.
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