Skip to content
  • About David
  • People Say…

High Tech Business Growth

The Blog – By David Stelzl

Written by Dave Stelzl's BlogSeptember 15, 2016September 15, 2016

In New Orleans, Talking Digital Money

digital Money CoverData Is Money

To Every Small Business Owner…

Today, speaking to small business owners in New Orleans, I’ll be covering security and fraud trends, along with strategies discussed in my latest book, Digital Money! 

(Don’t have the book? Click the picture to get it on Amazon)

For instance, CATO, corporate account take over, is rarely discussed in security articles. But in the small business world it is potentially your number one threat. CATO is the process of taking over an account by tricking end-users who handle money and have the authority to transfer funds. When someone in accounts payable receives an email from the boss telling them to make a wire transfer, chances are they’ll do it. After all, it’s there job.

But what if that message came from someone pretending to be the boss, and that the actual boss? Will the Accounts Payable person know it?

More fraud is taking place online. While many argue against the value of chip technology on a credit card, news reports are telling us card-present transaction fraud is down by 54%. That’s because it’s not easy to create a fake credit card with a chip in it.

But what about not-present transactions? No card means no chip. Whether it’s CATO or making purchases using data collected on the server, it’s costing companies. On one end, it’s the rising cost of PCI compliance and card processing fees. On the other, it’s fraudulent wire transfers that can wipe out a small business account in seconds.

Both can cripple a company. The fees keep rising, and the transfers are not necessarily insured. Today we’ll be discussing what to do about it before it’s too late.

© 2016, David Stelzl

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to email this to a friend (Opens in new window)

Like this:

Like Loading...

Related

Posted in Data Security, Sound Bites.Tagged chip and PIN, corporate account takeover, credit card theft, Cybercrime, David Stelzl, digital money, fraud, security, small business.

Leave a Reply Cancel reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Google photo

You are commenting using your Google account. ( Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s

Learn How To Sell HIPAA Solutions
Order Now!

Recent Posts

  • The Secret to Growing Your Managed Services Business
  • The Under-Appreciated Value of Journaling
  • What is an Assessment (Really)?
  • Kicking Off The New Year Right!
  • How To Save Tons Of Time, Get More Done, & Get Home Early

Categories

Archives

Blogroll

  • Contact Us
  • Dave Stelzl TV
  • Learning Resources
  • My Website

Post navigation

Previous Post Back From The Adirondacks!
Next Post Digital Money in San Antonio
Create a free website or blog at WordPress.com.
Cancel
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.
Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy
%d bloggers like this: