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Volume 30, Issue 3

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When a hacker infiltrates your personal checking account to pilfer money, your bank, in most cases, will assume liability and resolve the matter of missing money. When a business account is hacked, however, the business owner is held liable. The reasoning? Banks feel that owners should have proper security measures in place to protect their assets. Basically, as a business owner, it’s your responsibility, not the bank’s.

To read the article, please click here:

http://www.riskmanagementmonitor.com/some-banks-held-liable-for-cyberattacks-against-small-business-accounts/