FOR IMMEDIATE RELEASE

October 5, 2017

In Wake of Equifax Breach, Wolf Administration Offers Scam Prevention Tips to Businesses

Harrisburg, PA  Following the Equifax data breach in September, Secretary of Banking and Securities Robin L. Wiessmann today advised businesses to examine their internal cybersecurity protocols.

An area of growing cybersecurity concern for businesses is the occurrence of business email scams or business email compromise. These cyber threats target employees who have access to financial or sensitive information, impersonating a trusted partner and often requesting a wire transfer or payment.

The department has published a new reference guide [http://www.dobs.pa.gov/Documents/Publications/Handouts/Business%20Email%20Scams.pdf] to help businesses better understand business email scams and what they can do to protect themselves.

“Cybercriminals and scammers are continually becoming more sophisticated and savvy in the ways in which they target consumers and businesses,” Wiessmann said. “Businesses must remain vigilant in their cybersecurity procedures, not only to protect their own sensitive and financial information, but to shield that of their customers and clients.”

Businesses can use the following guidelines to help protect themselves from becoming the victim of an email scam:

If you are the victim of a business email scam, you can contact the following resources for assistance:

The Department of Banking and Securities is Pennsylvania’s financial services regulator. We oversee state-chartered banks, credit unions, consumer lenders, investment professionals, and other financial services firms. We provide free and confidential help to anyone with a question or complaint about financial services, transactions, or products. Members of the public are invited to connect to the department through Facebook and Twitter, or subscribing to the department’s newsletter.

 

MEDIA CONTACT: Ed Novak, 717-783-4721