Safe Practices for Businesses

Fraud and Security

Comprehensive Cyber Insurance: A New Staple for Every Business

Every business needs insurance to protect it in the event of adverse incidents that cause costly damage. A very basic business owner’s policy includes general liability, commercial property and business income insurance. But it doesn't protect your business against damages from a cyberattack. Cyber liability is often excluded from general liability policies, or when there is coverage, it’s in the form of a rider and covers a lesser amount. Insurance policies can be filled with legal terms and industry jargon, but here’s what to look for when you’re shopping for coverage against cyberattacks.

Ransom-proofing Your Business

When small and mid-size business owners consider their risk of a ransomware attack and the investment they’ll make to prevent or mitigate that risk, some ask, “What are the real chances that our data would get held for ransom?” It may feel like the risk is quite low, especially if they’ve been in business a long time without experiencing an attack. The truth is that in the 21st Century, this is a problem for everyone. No one is immune. According to the CyberSecurity Alliance, ransomware attacks nearly doubled from 2020 to 2021. So what can business owners do? Our CIO Jeremy Hopwood gave his advice at a recent workshop we hosted in Nashville.

Five Ways to Reduce Fraud and Protect Your Business

Financial fraud has surged, with crooks working banks and their clients. According to Banking Journal, fraud attempts have as much as tripled since early 2020, with an ever-widening variety of new scams. Human vigilance is your front-line protection, but it's not perfect. Better to have some block-and-tackle services to help tighten security and prevent fraudulent transactions. Here are five to consider.

Business Email Compromise: A Big Problem

“Business Email Compromise” (or BEC), is becoming an all too common scam executed by cyber thieves. Criminals work to understand and monitor your business processes, request forms, and partners involved over a period of days or weeks, then they generate a highly targeted attack designed to fool you into thinking you are working with a legitimate business partner. Often times these types of scams result in a significant financial loss to the business.

Protecting Your Credit in the Wake of a Security Breach

Owner-operated businesses are an ideal target for identity theft. As a sole-proprietor, the owner and the business are considered one in the same. Here is what you should do if you are the victim of a breach.

Protect Yourself from a Data Breach

In today’s environment chances are good that your card information could be compromised in the future. Here’s what to do if you’re a consumer, a merchant or another type of small business to protect yourself from a security breach.

[Webinar] How to Avoid Email Scams

Unfortunately, as phishing attacks become more sophisticated, it is very difficult for the average person to tell if a message is fraudulent. Pinnacle developed a list of the "Super 6" questions you can ask yourself to help determine the legitimacy of any email.

Businesses Should Beware of Check Scams

A surge of fraudulent activity is being directed at attorneys, title companies and other businesses. Everyone should be on the alert for check scams. Read about some common scenarios and how you can protect your business.

Security Procedures for Online Account Holders

Evidence is mounting that cyber crimes are on the increase. We’ve heard about the elevated risk from law enforcement and security experts. Financial institutions across the country have experienced ACH cyber crimes. With the growth in malware and ability for fraudsters to load virus programs on unsuspecting client computers, the need for heightened awareness and protection is of extreme importance.

Making Cybersecurity a Priority

The federal government has called cyber threats one of the most serious challenges the nation faces. Find out what you can do to protect yourself online.

Destroy Data before Replacing Your PC

If you’re getting rid of an old computer or laptop, take the necessary steps to protect yourself and your identity.

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