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Protecting Your Business Accounts: Guide on Account Security

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Business Account Security

Imagine starting your workday to find unauthorized transactions or discovering confidential business data leaked online. In an era where businesses increasingly rely on digital platforms, ensuring the security of online accounts is not just about safeguarding assets but also about preserving the company’s reputation and trustworthiness.

Definition of Hacked Accounts

A hacked account in the business realm is not just an inconvenience; it’s a potential threat to company assets, reputation, and client trust. Unauthorized access or breaches into a company’s online accounts can stem from various methods, including phishing scams, weak passwords, or malware attacks. Once inside, cybercriminals can misuse the account, steal sensitive business data, or even disrupt operations.

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The Most Common Ways that Malware Infects Computers

hands in the dark hold a tablet with an inscription malware

Malware is a type of software that is developed to harm or disable a computer. There are many ways that malware can infect a computer, including through email attachments, internet downloads, and infected websites. Once malware is installed, it can cause countless problems, including disrupting the regular operation of the computer, stealing personal information, and even destroying data.

Here are some of the most common ways that malware can infect a computer:

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Business Email Compromise (BEC) – A Cybersecurity Threat You Should Know About

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checking email online business technology on a virtual interface

The most common attacks against business emails are phishing and ransomware. Essentially, a business email compromise (BEC) is when an attacker impersonates the actual owner of the account to steal money or sensitive information from the company.

A (BEC) attack can cause thousands of dollars in damage to a business and take a lot of time and resources to recover.

Cybercriminals are not only trying to get money but also confidential data.

Real-Life Examples of BEC

An example of a BEC attack is an email that appears to come from one of the company’s long-time employees, typically the CEO or CFO, requesting a wire transfer to a specific account. The email is usually well written, sometimes including dates, additional contact information, and contact numbers. In addition, they typically use hacked employee email accounts or email addresses that look similar to official company email.

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