As small businesses (SMBs) heighten their awareness of fraud and cybercrime, fraudsters add to their own lists of tactics to steal money. Recent years have shed light on the Business Email Compromise (BEC), ransomware and phishing (just to name a few), with cybercriminals taking advantage...
Earlier this week, reports said two researchers from Bloomsberg University of Pennsylvania made their case for safe harbor rules and overall easing of regulatory penalties for small businesses hit by a cyberattack. Their argument, reports in the Wall Street Journal said, is that small businesses...
A new survey from Bank of America Merchant Services shines a spotlight on the increasing concerns — and increasing costs — of data breaches. The financial institution released the results of its Small Business Payments Spotlight survey last week, which surveyed more than 500 small...
Ransomware attacks are often a small business owner’s worst nightmare. Unfortunately, experts don’t believe ransomware attacks will let up anytime soon, with recent research from Datto finding that these attacks cost small businesses $301 million worth of ransomware money in 2016. In a survey of...
