With the advancement of the digital economy world, most people are receiving their pay through direct deposit, and selecting electronic transfers and pay on line billing, rather than using checks, or going to the bank. What many people do not realize, is that ACH fraud in Miami is a highly targeted medium. Banking electronically, unfortunately, comes with many risks. Hackers and cybercriminals have been working on ways to steal your customer's money.
Creating a strong information security posture is not a “one-size-fits-all” solution. Every organization has unique business functions which require appropriate security measures to be in place to, not only protect the organization from ACH fraud, but to comply with industry standards, ever-changing federal regulations and state privacy laws.
With ACH fraud, cyber criminals can empty a business banking account in a matter of minutes. To make matters worse, banks often have a hard time spotting ACH fraud transactions because the volume of money moving through the network is simply overwhelming.
To safeguard their customers from ACH fraud, financial institutions have invested a great deal of time, energy and finances into combining a variety of technologies into a layered security approach. However, fraudsters are using a variety of techniques in an attempt to thwart these security solutions in order to commit ACH fraud. They understand that if you can’t hack the technology, you can always hack the user.
If you would like more information about ACH Fraud Miami, contact us at InfoSightinc.com.