There was a great article in the USA Today recently about cyber criminals attacking small to mid sized banks and using trojans to hack into the system. Once in the system, the hackers were transferring money via wire or ACH to outside bank accounts. One of the most interesting things in the article talks about personal vs. business bank accounts. Personal accounts are insured by the FDIC so if you’re account is hacked, you should be able to get your money back but business accounts are not. The article suggests that any small business owner who has a bank account make sure it is a personal checking account so your deposits will be insured.
To read the entire article, click here.