Small Manufacturers Are Hacker Targets. Here’s Some Tips On Being More Secure.

contract-electronics-manufacturer

Small manufacturers, in fact many small businesses, feel that they’re business is too small to be of interest to hackers. That’s not true. Hackers want to steal personal data, money and anything else they can use to make financial gains or some other nefarious reason.

Bank of the West published a 6 page white paper which helps outline some ways to be more secure.

Some of the tips include:

  • Develop an approval process for large transactions. Require approval from two or more executives for large wire
    transfers to protect against internal and external fraud.
  • Use a purchase order model for wire transfers. Many companies require a purchase order number to spend money. Apply this model to match all wire transfers to a purchase order reference number, which provides another layer of control by requiring an approval for wire transfers and a verification of that approval.
  • Confirm and reconfirm. Use multiple means of communication to verify wire transfers are legitimate. If the initial request comes in email, then call the person to get a verbal confirmation and vice versa.
  • Stay in touch with your bank. If a transaction seems suspicious at any point in the process even after a wire has been sent contact your financial institution immediately.
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About Ramon Ray

Ramon Ray, Marketing & Technology Evangelist, Smallbiztechnology.com & Infusionsoft. Full bio at http://www.ramonray.com . Check him out on Google Plus, Twitter or Facebook

  • Adam Hauter

    Those are some well selected tips, Ramon, I’m glad you have posted them. I especially can’t agree more on the point about using an approval system – I’m fairly confident the company I work for would have already gotten scammed if it wasn’t for some careful protection.
    If you’re interested, we have just launched a product I’m really excited about – it’s called Sher.ly and it’s a private cloud service. I feel confident in saying it’s one of the most secure cloud solution available, so if you’re interested in cyber security you might want to check it out.

    • http://www.smarthustle.com Ramon Ray

      Adam- thanks for sharing this with me!

      [image: photo] Ramon Ray
      Publisher, Smart Hustle Magazine
      Email: ramon@smarthustle.com
      Website: http://www.smarthustle.com/ Chronicling the Smart Hustle of Small Business Entrepreneurs