Barclays launches new cyber video » SMEInsider

Barclays launches new cyber video

Barclays has launched a new video aimed at helping SMEs protect themselves against the growing cyber threat. The video, which is available to view here shows how easily the scam can occur, when an imposter poses as an employee’s boss and demands an urgent transfer of money is made. The imposter has done their research on the business and, thanks to social media, knows the boss is on holiday making it a key time to strike.

The employee, not knowing the importance of always checking email addresses doesn’t notice the slight difference in the email address, and is placed under time pressure to meet the payment deadline, not realising that the request isn’t genuine. It’s a common scam, and one that an increasing number of small businesses fall victim to.

The bank has also issued a checklist for SMEs to follow to make sure they have the right systems and processes in place.


Top tips for SMEs to keep safe

Some of the actions that businesses can take to get fraud smart include creating a cyber-security strategy- raise awareness amongst staff of the common cons used to commit cybercrime.

  • Keep contact details up to date: ensure your bank has up-to-date mobile/telephone contact numbers for your business, so they can speak to you if they spot unusual or suspicious activity on your account.
  • Get up to date security software: make sure your computer systems and any web-enabled phones are protected with up-to-date internet security software.
  • Treat all unsolicited emails with caution: don’t click on links or open attachments in emails you weren’t expecting or are not sure about.
  • Use strong passwords: passwords should have a mix of letters, numbers and symbols –avoid obvious things like your name, birthday or phone number that others can guess.
  • Protect yourself from Invoice fraud – have at least two people authorised to perform signatories for financial payments, to help verification.
  • Verify any new supplier payment details you may be sent, if suspicious speak to the supplier directly to confirm they have changed their details, before making a new payment.