Data security and fraud prevention are two of the biggest challenges facing small business owners.
Scammers can steal credit card information, PINs, and security codes to make unlawful transactions. A data breach at your small business can also lead to identity theft, tax ID theft, data mining, and even a loss of control over your accounts.
Some might believe larger organisations are the only ones at risk for a data breach, but small businesses are just as affected. In fact, according to the Association of Certified Fraud Examiners, small businesses lose almost twice as much money per year compared to larger companies.