There's no money back if your account is drained by malware

Phishing attacks on small and medium-sized businesses are on the rise with thousands of organizations falling victim. If a cybercriminal gets on to a computer with access to your business' financial accounts they can withdraw funds and your business is out of the money. That's it. Gone. See ya. Have a nice day.

Unlike consumer accounts that are subject to Federal Reserve Regulations E which require banks to provide reimbursement for certain losses, business accounts are not covered by this statute and therefore not assured repayment for certain losses. So don't bank on getting your money back.

And it's not just big business being targeted any longer. According to the FBI, cybercriminals now have their sights set on the financial accounts of small and medium-sized businesses, leading to significant disruption and substantial monetary loss due to fraudulent transfers from these accounts.