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Online Bank Fraud Hammering Small Businesses

Anti-Phishing Working Group estimates total losses for U.S. businesses could approach $1 billion this year. Many industry groups and law enforcement agencies take a shot at estimating the amount of money that s lost through various forms of online crime and fraud each year. The more important point is that this kind of crime has such a high reward/risk ratio that it’s likely going to continue to grow for the foreseeable future. There’s very little standing it the way, as Kelly Jackson Higgins points out.

Source: https://threatpost.com/online-bank-fraud-hammering-small-businesses-090210/74417/

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