There have been a number of small business that have been getting ripped of through fraudulent wire transfers. In one example, Krebs on Security covers the details of how an IT consulting firm lost nearly $100,000 through wire transfers it did not make.
Customers need to make sure that their banks are using robust authentication, not just static passwords with additional questions to verify identity. These are too easily captured by keyboard loggers or other spoofing devices. The banks need to employ multi-factor authentication that cannot be victimized by the malware that is rampant throughout corporate America.
In addition, companies should be looking into keyboard encryption for computers that are accessing sensitive information. Please reach out if you would like to learn about how to defend you and your business.
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