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Cyber Theft and Your Business Bank Account

By January 14, 2014June 8th, 2020Insurance

Did you know that if a hacker/thief breaks into your business, non profit or trust account and steals money, you bank is not responsible?

The FDIC does not cover this type of loss, they protect consumers against banks going out of business, but not theft of money from your account.

It doesnt matter if you do online banking or not, as long as you have a business account, neither the government nor the bank is obligated to replace your stolen funds.

Businesses are under siege from cyber thieves both foreign and domestic. A Cyber Theft policy can help protect you. Over the next few years this will be one of the most important defensive purchases any business person will make, if you have questions. please contact our office

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