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A list is provided below.īusiness account holders should be most vigilant in monitoring account activity.
ACCOUNT TAKEOVER UPDATE
Update anti-virus and anti-malware programs frequently.Providing enhanced security awareness training will help ensure employees understand the security risk related to their duties Provide continuous communication and education to employees using online banking systems.Following are security practices you can implement to reduce the risk of theft. However, it is important and necessary for you and your employees to follow established security practices. he bank has procedures in place to protect, detect and respond to corporate account takeover and fraudulent activity. Their effectiveness is like their ability to detect bot activities and credential stuffing. Thieves can then initiate fraudulent ACH transactions. These are things you can do to inhibit any form of account takeover. Account Takeover Reducing the Risk of Corporate Account TakeoverĬorporate Account Takeover is a form of business identity theft where cyber thieves gain control of a business’s bank account by stealing employee passwords and other valid credentials.