Corporate Account Takeover

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Corporate Account Takeover is the business equivalent of personal identity theft. Hackers, backed by professional criminal organizations, are targeting small and medium businesses to obtain access to their web banking credentials or remote control of their computers. These hackers will then drain the deposit and credit lines of the compromised bank accounts, funneling the funds through mules that quickly redirect the monies overseas into hackers’ accounts.

As a business owner, you need an understanding of how to take proactive steps and avoid, or at least minimize, most threats.

Use a dedicated computer for financial transactional activity. DO NOT use this computer for general web browsing and email 

Apply operating system and application updates (patches) regularly 

Ensure that anti-virus/spyware software is installed, functional and is updated with the most current version 

Have host-based firewall software installed on computers 

Use latest versions of Internet browsers, such as Explorer, Firefox or Google Chrome with “pop-up” blockers and keep patches up to date 

Turn off your computer when not in use 

Do not batch approve transactions; be sure to review and approve each one individually

Review your banking transactions and your credit report regularly

Contact your Information Technology provider to determine the best way to safeguard the security of your computers and networks

Call us immediately at 305-667-5511 if you believe that your First National Bank of South Miami e-Banking account has been compromised

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