5 Common Cyber Threats Targeting Local Businesses
Your business doesn’t need to be big to be a target. In fact, smaller businesses are often seen as easier to trick because they may not have full-time IT staff or complex security systems.
Here are some of the most common scams we’re seeing:
- Phishing emails and fake websites that trick you into sharing sensitive info
- Payment fraud involving fake invoices or rerouted wire transfers
- QR code scams leading to malicious websites or payment pages
- Ransomware attacks that lock up your files and demand a payout
- Employee errors, like clicking a bad link or sending money to a scammer
Phishing Scams: Still the #1 Threat to Businesses
Phishing is when scammers send fake emails (or texts) that look real—but are designed to steal your passwords, financial details, or login info.
Here’s what to watch for:
- Urgent subject lines: “Action Needed!” or “Update Your Account Now”
- Unfamiliar senders or email addresses that look “almost right”
- Links that don’t match the real website
- Spelling errors or odd phrasing
- Attachments you weren’t expecting
What to do:
- Never click on a suspicious link. Hover first to check where it leads.
- Always verify payment requests—even if they appear to come from a coworker or vendor.
- Use multi-factor authentication (MFA) whenever possible.
- Train your team regularly so everyone knows what to look for.
Payment Fraud: When the Numbers Don’t Add Up
Criminals love to intercept or fake payment requests. They’ll do things like:
- Pose as a vendor and send a fake invoice
- Pretend to be your company’s CEO and request a wire transfer
- Hack into an email thread and change the banking details on a real invoice
These scams are slick—and they can cost your business thousands if you’re not paying attention.
How to stay safe:
- Always confirm payment changes with a quick call to the vendor
- Use dual approval for wire transfers and ACH payments
- Watch for subtle changes in vendor names or email domains
- Take advantage of AbbyBank’s fraud protection services like Positive Pay for checks and ACH
QR Code Scams: Small Codes, Big Trouble
QR codes have popped up everywhere—on restaurant menus, flyers, and invoices. But did you know scammers can create fake QR codes that lead to malicious websites?
They’ve even been known to place stickers with fake QR codes over real ones in public places.
Tips to protect your business:
- Don’t scan random codes unless you’re sure of the source
- For mobile payments, always use a trusted app (like your bank’s mobile app)
- If you use QR codes in your business, double-check them regularly and host them on a secure website
5 Cybersecurity Tips for Every Business
Think of these as digital habits to keep your business healthy and secure:
1. Use Strong Passwords
- Create complex passwords and avoid reusing them across sites
- Use a password manager to store them securely
2. Update Software and Systems
- Install security patches and updates regularly
- Keep your antivirus software up to date
3. Back Up Data Often
- Store backups in a secure, separate location (cloud or external drive)
- Set backups to run automatically if possible
4. Secure Your Wi-Fi Network
- Use a strong password for your router
- Separate guest Wi-Fi from business Wi-Fi
5. Train Your Team
- Regular cybersecurity training is a must—even a simple session can prevent big mistakes
- Make sure employees know how to spot and report suspicious activity
How AbbyBank Helps Protect Your Business
We’re more than just your bank—we’re your neighbor and financial partner. When it comes to keeping your business accounts secure, we’ve got your back with:
Secure Business Services:
- Business eBanking & Mobile Banking with secure login
- ACH & wire transfer controls with dual authorization
- Cash Management tools that help you manage payroll, payments, and fraud protection
- Positive Pay to flag suspicious checks or ACH activity
- Account alerts to notify you of suspicious transactions
And if something doesn’t look right? Our local team is just a call or visit away—we’ll help you get it sorted fast.
Final Thoughts: You Don’t Have to Go It Alone
Cybersecurity can feel overwhelming—but with the right tools and a trusted banking partner by your side, it doesn’t have to be. Just a few smart habits and a proactive approach can keep your business protected from some of today’s most common scams.
If you’d like to review your business accounts, add fraud protection features, or simply ask questions, the AbbyBank team is here to help.
