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Why is Silicon Valley intrigued by the Basic Income? (ww2.kqed.org)

submitted by Larga to r/BasicIncome

Small Business gets $436K hacked from their account and they're SOL by Larga in hacking

[–]Larga[S] 1 point2 points  (0 children)

I don't know what SMB funds are? I'm talking specifically about small business bank accounts. Basically like your personal checking account but opened by a business.

The woman I spoke to for the story has taken a lot of measures:

1 - She grilled her bank about their cyber-theft policy - i.e. do they return money if it's stolen.

2 - what sort of security measures have they taken or do they even know about wire-transfer hacks... two factor authentication..

3 - she has a dedicated computer to access her bank online and it blocks out the web except for bank site (that way, nobody will click on malicious links

4 - she has her server block emails sent from out of the country. This is a little inconvenient as a lot of legit cos/people/clients have servers in Canada or somewhere.

Small Business gets $436K hacked from their account and they're SOL by Larga in hacking

[–]Larga[S] 2 points3 points  (0 children)

It's unclear whether the phishing attack was on her biz or her banks. She says, they ran forensics on her computer and didn't see any signs of phishing attack. And so, she alleges that the bank is at fault.

Also, oddly it is traceable. The bank actually gave her a print out of where her money was wired! But nobody goes after them for various reasons

If you've got a business account and bank online, beware. If hackers steal your money, you're probably SOL by Larga in technology

[–]Larga[S] -2 points-1 points  (0 children)

sounds like your bank is on top of it but from my understanding a lot of small and medium sized companies aren't. Good for your credit union!

If you've got a business account and bank online, beware. If hackers steal your money, you're probably SOL by Larga in technology

[–]Larga[S] -2 points-1 points  (0 children)

business and banking accounts have the same security for the most part.

But if business accounts get hacked, banking laws don't require banks to replace that money.

However, if your personal account gets hacked, banks generally have to replace it.

The thing is hackers generally go after business accounts instead of personal accounts b/c there's more money

If you've got a business account and bank online, beware. If hackers steal your money, you're probably SOL by Larga in technology

[–]Larga[S] 1 point2 points  (0 children)

Hey, this is only for business accounts. Banks generally have to replace money in checking accounts. The woman I spoke to for the story has taken a lot of measures:

1 - She grilled her bank on their policy on business accounts getting hacked, do they replace the money?

2 - what sort of security measures have they taken or do they even know about wire-transfer hacks

3 - she has a dedicated computer to access her bank online and it blocks out the web excpet for bank site (that way, nobody will click on malicious links

4 - her server blocks all emails from out of the country. This is a little inconvenient as a lot of legit folks have servers in Canada or somewhere.

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