In a recent report published by Small Business Trends, 55% of respondents said they'd experienced a cyberattack within the preceding 12-month period. The cost to a business can be significant; disruption to normal operations due to cyberattacks and data breaches cost businesses an average of $955,429 per incident.
Cybercriminals often target small businesses, assuming they don’t have the resources to have sophisticated data protection systems in place. While this is too often the case, there are steps any business can take to mitigate their risks related to viruses, ransomware, check fraud, ACH fraud and wire fraud.
Our Treasury Management Representatives stay in front of developments related to cybercrime and work to ensure our customers have processes in place to keep themselves well protected.
In this video, you’ll meet Lindsay Meyer, CTP, Senior Treasury Management Representative at our Stevens Point location, as she explains how ICB works with customers to create customized solutions for their cash management and fraud protection needs.