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A 2020 fraud survey estimated that the total cost of company fraud in the US to be about $7 billion in a year.
Many fraudsters use the internet as their primary mode of trade. Therefore, business owners should invest in better cybersecurity systems and programs to protect their companies from cybercrime.
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Scammers persuade businesses to give them sensitive information or make payments. Then they get access to unauthorised business email accounts, monitor the company's activities and impersonate the stakeholders.
Scammers get hold of information through social engineering, phishing, social me...
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Sometimes, employees steal cash or valuable data or use company assets for their benefit. This is considered the misappropriation of company assets.
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Fraudsters aim to find weak links and vulnerabilities in your business systems from where they can stage their attack.
To strengthen your business from fraud, you need to know the methods that fraudsters use, which part of your security system to strengthen, and which tools...
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Cybercriminals steal business information from companies' databases, for example, financial information, personal information, secret project blueprints, other classified information.
Then they use this information to ask for ransom or sell it to competitors. Data fraud can also occur when ...
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