Skip to Main Content

How to Lose Thousands of Dollars in Just One Day

The year 2021 is already proving to be a complex one for business owners.  There’s extended closures, new laws and rules to consider, PPP round two, and last but certainly not least, extremely sophisticated hackers looking to steal your money.

How to Lose Thousands of Dollars in Just One Day - Michigan Human Resource Consulting Blog | Sage Solutions Group - shutterstock_680078920This new breed of hacking manages to duplicate your employees’ emails to the point where you have no idea that you are communicating with a criminal, allowing them to learn more and more about your systems and employees.

 

In this year alone (yes, all 18 days so far)  I have heard the following reports from employers:

“They sent an email that was exactly like the CFO’s email requesting payroll information.  In the normal course, I provided it.”

“An employee sent me an email with an invoice, it was that employee’s actual email address.  The only thing that looked suspicious was the products on the invoice, so I sought additional approval.  Thank goodness I did.”

“The employee sent a signed direct deposit form directly from our internal email system.  It looked identical to our email system.  I made the change.  It was not our employee or their account information.”

Mistakes like these could cost employers thousands of dollars, and these criminals are getting away with this crafty criminal activity on unsuspecting companies daily.  It is no longer acceptable to just hover over the name to see if the email address looks suspicious.  Companies need to talk with their IT professionals on how to combat this type of hacking.  They also need to continue to educate their employees on verbally verifying certain requests before making them.  I know it seems like picking up the phone these days is so “outdated”, but it can be a necessary tool in combating this type of theft AND it can also help to brighten someone’s day when they get to communicate with you directly. 

Need help with your Human Resource functions? Contact Sage Solutions Group at 734-855-7187 or visit us at www.sagesolutionsgroup.com

 

6 Key HR Issues for Small Businesses

  Most Common HR Mistakes for Small Businesses:   #1    FAILURE TO COMPLY WITH MIOSHA Although most reporting requirements through MIOSHA start with 11 or more employees, a small business is required to...

6 Tips to Help Improve Your Cybersecurity

We all know the importance of cybersecurity these days, but the phishing attempts and other scams have gotten increasingly hard to detect.  Cell phone numbers are even being targeted where individuals are receiving text messages that appear to...

A Time To Celebrate. But!

Michigan will open on June 22nd to full capacity and the mask mandate is no longer required for residents.  YES!  It has been a long hard road for most all businesses.  Time to rip off that mask and celebrate?  Not so...

COVID-19 Pandemic: Return To Work Plan

8 Tips for Bringing Your Employees Back to Work Safely and Successfully Now that more and more businesses are re-opening, it's important to understand how to safely bring your employees back to work. Here are 8 tips to keep in...

The New Form I- 9- What You Need to Know

  As of January 31, 2020 the Department of Homeland Security- U.S. Citizenship and Immigration Services announced the release of the new version of Form I-9, Employment Eligibility Verification. While this form is ready for...
Page: 1234 - All
734-238-3504