YOU DON'T KNOW WHAT YOU DON'T KNOW.. BUT WE DO
The typical business loses 5 percent of its revenue to fraud and hacking each year. On average, these fraudulent activities continue for 18 months before they either stop or the fraudster is caught. Mostly, the owner has no idea that someone is stealing from the business until the FBI knocks at the door. The median loss per business is about $145,000 although nearly a quarter of cases result in losses over $1 million.
Small businesses and non profits are both the most vulnerable and the least able to weather the financial effect and damaged reputation that comes with these incidents.
Businesses are vulnerable from the inside and the outside. Your attacker could just as easily be a trusted employee as a hacker or cybercriminal. The National Small Business Council reported in June 2015 that 50 percent of small businesses had been victims of cybercrime in the previous year. That's up from 44 percent in 2013.
The FBI says there are two kinds of businesses: those that have been hacked and those who don't know they've been hacked. Their advice: "You are going to be hacked, get a plan."
BizSafe is the foundation of a plan, identifying your vulnerabilities and weaknesses, and telling you exactly how to fix the systems, processes, procedures or staff training that could be leaving you exposed.
"If every other house on your street was being burglarized, would get an alarm system or huddle inside, hoping you wouldn't be next?"
BizSafe is a service offered by Portfolio and Wessel Accounting, a Greenville, SC, fraud investigation and forensic accounting firm.