Posted by: Arian Eigen Heald
ACH Fraud, Banking Fraud, Data Breaches, data security, information security, Tearing My Hair Out
The Federal authorities and the American Banking Association have issued an alert to small and medium-sized businesses to use a dedicated PC for banking.
“The alert advises businesses to dedicate a single computer for online banking activity that is never used for reading e-mail or surfing anywhere else on the web. Using a dedicated computer would lessen the chance of the computer being infected with malware that can help crooks drain a bank account through wire transfers and automated clearinghouse transfers.”
It’s grand that the government got around to stating the obvious. Clearly the only option, (given the pervasiveness of hacked websites and phishing emails) having a separate PC will add additional costs to small business. Especially if they don’t have adequate security (firewalls and AV) to begin with.
We discussed this in a post back in August. Now that the total is roughly $100 million in losses to business, the government and banking are taking notice.
I guess that’s good. Happy New Year!