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Corporate Account Takeovers

Corporate Account Takeover is the business equivalent of personal identity theft. Follow these best practices to reduce your risk of corporate account takeover.

Corporate Account Takeovers

Corporate Account Takeover is the business equivalent of personal identity theft. Hackers, backed by professional criminal organizations, are targeting small and mid-sized businesses to gain access to their web banking credentials or remote control of their computers. These hackers will then drain the deposit and credit lines of the compromised bank accounts, funneling the funds through mules that quickly redirect the monies overseas into hackers’ accounts.


Follow these best practices to reduce your risk of corporate account takeover:

  • Use a dedicated computer for financial transactional activity; do not use the same computer for general web browsing and email
  • Apply operating system and application updates (patches) regularly and keep them up to date
  • Ensure anti-virus/spyware software is installed, functional and updated with the most current version
  • Download and install Trusteer Rapport® protection, available at no additional charge to Cadence Bank customers
  • Install host-based firewall software on all computers
  • Use latest versions of Internet browsers, such as Explorer, Firefox or Google Chrome, with “pop-up” blockers
  • Do not batch approve transactions; be sure to review and approve each one individually
  • Separate duties by requiring a minimum of two individuals to originate and approve electronic funds transfers
  • Release ACH Batches and Wire Transfers by using the security token provided by Cadence Bank
  • Review your banking transactions and credit report regularly
  • Contact your Information Technology provider to determine the best way to safeguard the security of your computers and networks



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