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Stepping up fraud protection for business

Fraud protection

As a savvy businessperson, you can take proactive steps to protect your business from security threats that continue to grow at an alarming rate. Although cyber security threats change by the minute, some general trends include faster attacks, files held for ransom and far more malicious code, according to the 2015 Symantec Internet Security Threat Report available here to download.

Large companies may be bigger financial targets, but small companies are easier targets. According to the report, 60 percent of all cyberattacks targeted small and mid-sized companies. The average direct cost of a security breach on a small business is $38,000, according to a study by Kaspersky Lab.

We're fighting for you

California Bank & Trust takes a strong stance in helping to protect our customers from fraud. Your online security is a top priority for us and we work closely with you to help you defend your data using a variety of security best practices and risk assessment tools.

Here's a quick list of tips and resources designed to help you shore up your defenses against cyber threats:

  • Assess the risks. Analyze risks or vulnerabilities specific to your industry or organization. Ensure essential security controls are in place, including access controls and system backups, malware and antivirus defense. View our Fraud Awareness and Prevention Checklist to get started.
  • Ramp up fraud protection with IBM® Security Trusteer Rapport® software. This free software provides additional online identity theft and transaction protection, and it's available through California Bank & Trust. Trusteer Rapport works with your antivirus and firewall software, and can help fill gaps where conventional security software falls short. Download Trusteer Rapport.
  • Monitor account activity with our secure online banking services (CalBank NetworkSM and Direct Business). Use Positive Pay to help protect against check fraud. Explore online commercial banking with us.
  • Safeguard your company's data by implementing policies to help prevent and detect data breaches. Read more about steps to take to help protect your business from cyberattacks.
  • Promote companywide security awareness and training so employees understand their roles and responsibilities in keeping the business secure. Many small and mid-size businesses are vulnerable to internal fraud due to a breakdown in process or lack of internal policies.

Do you have adequate systems in place to protect your business from fraud and cyber threats? Check out our Privacy & Security center for additional resources that can help protect you and your business.

 
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The information contained herein may not represent the views and opinions of California Bank & Trust, a division of ZB, N.A. or its affiliates. It is presented for general informational purposes only and does not constitute tax, legal or business advice.
The CB&T Bank Blog website may contain links to third-party websites not affiliated with California Bank & Trust, a division of ZB, N.A. and may have a different privacy policy and level of security. California Bank & Trust, a division of ZB, N.A. is not responsible for, and do not endorse or guarantee, the privacy policy, security, accuracy or performance of the third-party's website or the information, products or services that are expressed or offered on that website.