Business owners are becoming increasingly aware of numerous schemes they and their employees need to avoid. Cyber fraud lurks in many different forms, including, but not limited to:

• Auction Fraud
• Investment Fraud
• Counterfeit Cashier's Check
• Lotteries
• Credit Card Fraud
• Nigerian Letter or "419"
• Debt Elimination
• Phishing/Spoofing
• Parcel Courier Email Scheme
• Ponzi/Pyramid
• Employment/Business Opportunities
• Reshipping
• Escrow Services Fraud
• Spam Identity Theft
• Third Party Receiver of Funds
• Internet Extortion

Compounding matters is the fact that businesses and employees often receive hundreds of emails daily, most of which are not legitimate. Spyware can piggyback on an email or helpful software. Once installed, the software tracks the user's browsing and keystrokes. There are numerous programs which indicate they can prevent or destroy spyware. These steps are limited defenses, at best.

Tips for Fighting Cyber Crime Protect yourself when banking online by using a computer that does not accept emails. Use a different computer to send and receive email. Keep the computer that does EFTs and ACHs locked and secured. The difficult part of utilizing this process is remembering to use the EFT and ACH computer. For online banking, though, a separate computer is one of the safest and easiest options for businesses to combat ACH and funds transfer fraud.

Every day millions of people look to the Internet for answers to their questions, to connect with colleagues, to shop, and more. Internet banking has become increasingly popular for its ease, speed, and convenience. Businesses owners, too, are following suit, turning to online banking and to make ACH transactions. Although online banking is quick and easy, it also makes businesses vulnerable to computer fraud and funds transfer fraud.