Tips For Protecting Your Business From Cyber Frauds

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Over the 12 years, businesses encountered hundreds of different variations of frauds. Some of them appeared only recently, some are no longer used, and some of them are eternal. Each business whether it is a help writing assignment service or a virtual store, all are at risk of facing fraud.

How To Protect Your Business From Cyber Fraudsters

Scam schemes themselves should be divided according to the risks they carry. The actions of fraudsters can cause not only direct financial losses but also serious reputational ones.

1- Financial Risks

The actions of cyber fraudsters that create risks of financial losses include a viral threat. The main source of danger in this scheme is employee email. Unfortunately, the most common cause of corporate network infection is an employee’s irresponsible attitude towards network security.

Data leaks can occur through infected computers. Payment details can be changed in various programs, or a virus can completely block the system and encrypt the information available on it. In 2018, Trojans became popular, which replaced all cryptocurrency wallets in browsers on the pages of any site with fraudulent ones. Some masqueraded as completely harmless browser extensions, like ad blockers.

But this problem is relevant not only for businesses related to cryptocurrency transactions. Fraudsters can gain access to the Internet bank, and in some cases, infect the mobile devices of your staff via corporate wireless networks. And thus gain access to their correspondence and finances.

Take Security Measures

To protect the business from such problems, it is worth taking several measures:

  • Install the latest modern antiviruses on all devices.
  • Be very careful about setting up access to the corporate network from the outside. Ideally, it should be an advanced hardware firewall.
  • Conduct regular training in safe online behavior.
  • Configure your network and user devices to prevent downloading files with a potentially dangerous format and unsafe sources.
  • Back up a copy of any important data to the cloud or local storage.

In the modern world, this is the minimum that a business owner must fulfill to ensure its stable operation. For more advanced advice, it is worth hiring information security specialists who will be able to assess all the risks in more detail and give detailed advice.

2-Reputation Risks

Another problem a business may face is a fraud, which undermines the company’s reputation. First of all, phishing in its various forms should be noted here. The essence of these schemes lies in the fact that criminals pretend to be an active business.

In the end, they manage to deceive the client at the expense of the reputation of the real business. Recently, scammers learned to make their copy URLs look almost identical to the URLs of real sites. For example, if your URL included “write my essay“, the scammer would change some letters font and use it.

Security Measures

To protect yourself from phishing, you should:

  • Purchase the maximum available domains with a similar and erroneous spelling of the business site name and set up redirects from them.
  • Daily check the advertising results for thematic and related queries, for queries with the name of the business. Often scammers can deceive the moderation of ad networks. Due to this, take the first position in the search engine results by the name of your business.
  • Limit as much as possible all financial transactions in instant messengers and social networks. If possible, even for the operation of the support service, indicate accounts in messengers exclusively in the form of links or phone numbers. In most popular instant messengers, it is very easy to create a similar username and lure a client to a fake account.
  • Monitor social networks, thematic forums, and information directories for false contacts for your company.

Restricting Access To Your Site

Restricting access to your resources can also affect a business’s reputation. It can be organized in various ways: false requests to anti-virus and phishing databases, stuffing your resources with false information using fakes and trolls, and more. But to reduce the risks it is worth:

  • Track activity in social networks, reviewers, and forums in real-time. Actively communicate with users in case of unforeseen circumstances.
  • Install protection against such attacks.
  • Store a complete copy of the site on a backup server in another data center.
  • Regularly check the absence of a site in the databases of antivirus and phishing catalogs, for example via virustotal.com

We talked about only the most popular cases and risks. Unfortunately, scammers do not stop and come up with more and more new schemes, be careful online.

Final Words

To combat phishing copies of a website, it is worth writing complaints to the registrar of the fake domain and the hosting provider where the copy is posted. It does not always solve the problem, but it makes life harder for the scammers.

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