3 Most Common Cyber Scams to Avoid

Seattle District Office  -  Jan. 8, 2020

u s small business administration
Protect Your Business Data

How to Avoid the Three Most Common Cyber Scams

Cyber attacks are a growing threat for small businesses and the U.S. economy. According to the FBI’s Internet Crime Report, the cost of cybercrimes reached $2.7 billion in 2018 alone.

Small businesses are attractive targets because they have information that cybercriminals want, and they typically lack the security infrastructure of larger businesses.

Awareness is the first step to protection. The following are the three most common cyber scams small businesses face:

  1. Business Email Compromise -  These scams routinely begin with the hacking or spoofing of the email accounts of chief executive officers or chief financial officers. Fraudulent emails are sent requesting wire
    payments be sent to fraudulent locations. 
  2. Tech Support Fraud - A victim receives a phishing email warning of a possible intrusion to their computer and provides a phone number for the recipient to contact the fraudulent tech support. The criminal tries to convince the victim to provide remote access to the victim’s device and once connected, claims to find expired licenses, viruses or malware. The criminal will inform the victim the issue can be removed for a fee.
  3. Payroll Diversion - Cybercriminals target employees through phishing emails designed to capture an employee’s login credentials. Once obtained, the credentials are used to access the employee’s payroll account and make direct deposit changes. 

Get more information on how to protect yourself from the SBA Small Business Cybersecurity Guide.

Want in-person cybersecurity training? Join the Washington Small Business Development Center (SBDC) for a low-cost cybersecurity training customized for small business in Tukwila, WA:

Wednesday, Jan. 22 | 9 a.m to 12 p.m.

Learn more

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