Some of the common risks include:
Tampering with paper checks: One of the old-fashioned things you may be doing that’s keeping you vulnerable is cutting paper checks. In fact, around 90% of businesses still process invoices manually, so there’s a decent chance you fall into this category. Not only are checks full of banking information, but they are easily faked and printed with incredibly advanced graphics programs.
Outdated equipment and programs: Another thing that may leave the door open to potential problems is the use of old or outdated hardware and software programs. At some point, most companies stop supporting and updating their older products, meaning you don’t get the security updates you need to keep your accounts and sensitive data confidential.
Operating off the grid and safe zone: This is another issue that has a lot to do with today’s remote workforce. Many companies have been making positions remote over the past few years, but the COVID-19 pandemic of 2020 increased our remote workforce exponentially. Each employee operating outside of your network is a potential doorman for scammers who want in.
Malware and ransomware: You’ve probably heard of terms such as spyware, malware, and ransomware. This dangerous type of data breach goes hand in hand with a human mistake — one wrong email or clicking on the incorrect link can cost you to lose all your valuable data or allow someone to hold your data assets hostage with a ransom.
Insider frauds: Sometimes, someone whom the company trusts can misuse trusted information for their own gain.