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Keeping Your Business Safe



What Are Common Cyber Threats? 

The idea of being hacked seems far-fetched to most businesses. It’s something a company hears about and thinks, “That will never happen to me.” According to a recent study by Cisco, though, nearly one-third of all organizations have experienced a cyberattack. The threat is real.

Every business that has valuable information is vulnerable to a data breach. A data breach occurs when confidential, sensitive, or protected data is disclosed and/or accessed by an unauthorized source. It’s important to identify the types of information you possess that could be subject to a data breach, including:

  • Financial information
  • Intellectual property
  • Medical information
  • Trade secrets
  • Sensitive client information
  • Personal information
  • Any other type of data that necessitates security

As a business, you must keep your data secure, and you also have an ethical obligation to keep your clients’ information safe. You can never take too many precautions. Make sure you’re taking the proper measures to maintain your data’s security.

Fraud protection can secure your business

Consider talking with a treasury management specialist to develop strategies to prevent fraud, by setting up systems to detect possible fraud early, minimize operational costs and keep you up-to-date on malicious activity. Learn More

Who is After Your Information?

In the past, most data breaches came from lost/stolen devices or employee negligence. In the modern world, however, hackers are the primary cause of data breaches, and every business that uses the internet is vulnerable. Hackers today use automated systems that constantly scan an array of networks hunting for weaknesses, and they will exploit any deficiency they find. They also attack systems using the following methods:

  • Spyware or phishing, in which hackers attempt to steal confidential data with fraudulent communications

  • Using ransomware to shut down communication systems such as phones and emails or even encrypt client information from your business’s access

  • Eavesdropping or “man in the middle attacks,” where a hacker intercepts information in a two-way communication between two parties

It’s important for your business and its employees to be aware of the different types of attacks they may encounter. Knowledge is power when it comes to preventing a cyberattack.

Protect against fake checks or unauthorized withdrawals. 

Explore using an Automated Clearing House (ACH) filter and Image Positive Pay to protect your account from unauthorized withdrawals.

Ready to get started? Click below to download your Build Your Business Blueprint.

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Watch

Dr. Richard T. Schlosberg, IV, MD on the benefits of cutting-edge banking technology

Embracing the latest advancements in technology helps your business stay competitive among your peers. Our Positive Pay fraud protection service saved Dr. Schlosberg’s practice from the burden of a stolen $35,000 check.

Learn more about Dr. Schlosberg’s path to success and his advice for future entrepreneurs in his installment of our San Antonio Business Heroes podcast series.


The opinions expressed in the “San Antonio Business Heroes” are solely those of the interview subject and do not necessarily reflect any position or opinion of The Bank of San Antonio. The advice in each interview is given for general purposes only and may not apply to your particular situation.