ACH Fraud Orlando

Infosight Security Awareness

More people are making the choice of direct deposits and electronic bill pay and transfers, and the threat of ACH fraud in Orlando is increasing in the same measure. Although, this is a much more convenient way for your customers to do their banking, they may not realize all of the risks involved.

Cybercriminals are out there working hard to steal your customer's money. They use a variety of tools, including phishing emails, compromised legitimate websites, fake friend requests on social sites, and malware, to obtain your customers’ bank logon credentials. Once they have this information, it makes ACH fraud in Orlando easy.

These cybercriminals are targeting small to medium size organizations, because their businesses often do not use dual controls on their account, nor have they adopted a strong information security posture, to mitigate ACH fraud.

Establishing a strong information security posture is not a “one-size-fits-all” solution, and it is not as simple as installing a firewall or having anti-virus protection to mitigate ACH fraud, and complying 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. They use:

    • Phishing emails to inject malware on the customer’s computer
    • Mobile malware to take control of the victim’s phone
    • Malicious websites that can distribute malware just by visiting them
    • Social engineering ploys to trick bank customers into divulging sensitive information
    • Free WiFi hotspots to intercept traffic and infect vulnerable devices
    • And more

ACH fraud is very easy to execute. All the fraudster needs is a bank account number and a bank routing number to initiate payments for purchases or to pay a debt by giving these numbers to the vendor.

Complementary Services
Vulnerability Assessment
Penetration Testing
Intrusion Detection and Prevention