What is Corporate Account Takeover?
“Corporate account takeover” is when cyber-thieves gain control of a business’ bank account by stealing the business’ valid online banking credentials. Although there are several methods being employed to steal credentials, the most prevalent involve phishing scams and malware that infects the business’ computer workstations and laptops.
A business can become infected with malware via contaminated documents in an email or a link within an email that connects your computer to an infected website. In addition, malware can be downloaded to users’ workstations and laptops by visiting legitimate websites – especially social networking sites - and clicking on the documents, videos or photos posted there. This malware can also spread across a business’ internal network.
- Internet Security Essentials for Business (US Chamber of Commerce)
- Onguardonline.gov (FTC) For videos and tutorials about protecting information, creating cybersecurity plans, employee training materials, and more.
- Cyber Security Resources (Better Business Bureau)
- Current Fraud Trends (NACHA – The Electronic Payments Association)