Corporate Account Takeover Georgia

InfoSight's Corporate Account Takeover Georgia Services

A Corporate account takeover is a highly advanced type of fraud, perpetrated on the internet. Cyber thieves actually gain access to a business’ finances and proceed to make unauthorized transactions. Some unauthorized transactions, include transferring funds, creating and adding fake employees to payroll, and stealing sensitive customer information, that may not be recoverable.

There are too many businesses that have been victims of corporate account takeover in Georgia, with losses that have ranged from a few thousand to several million dollars.

Our Corporate Account Takeover Georgia methodology includes:

  • Gathering information about the target before the test (reconnaissance)
  • Identifying all possible entry points, vulnerabilities, and weaknesses
  • Attempting an exploit to gain entry
  • Reporting back findings and providing detailed instructions for remediation

Consumer bank accounts do have a certain level of beneficial protection which business bank accounts do not. Under Regulation E, there are liability limits for unauthorized electronic fund transfers affecting consumer bank accounts. But business bank accounts do not have this kind of protection. So when business accounts are perpetrated, it often ends in litigation between the financial institution and their customer

In an effort to protect both consumers and businesses from financial fraud, the Federal Financial Institutions Examination Council (FFIEC) has implemented new security guidelines for financial institutions in January 2012. These guidelines describe the measures financial institutions should take to protect Internet banking customers from online fraud and corporate account takeover.

Here are some questions to ask to determine how vulnerable your network may be:

  • How long ago was my last vulnerability test?
  • How many changes and or upgrades has my network had since my last vulnerability test?
  • Do the counter measures I have in place to prevent an intrusion actually work?
  • What security layers should I implement next to best protect my company's assets?
  • Do I know where confidential and sensitive data is located on my network enterprise wide?
  • How do I know if my IT Security reports are accurate?

If you would like more information about Corporate Account Takeover Georgia, contact us at InfoSightinc.com.

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Corporate Account Takeover Georgia