
Protect Your Business from Corporate Account Takeover
Cybercriminals are always looking for new ways to steal. One of the fastest-growing threats facing businesses today is Corporate Account Takeover (CATO)—a type of fraud where criminals gain unauthorized access to your company’s financial accounts.
But here’s the good news: with the right awareness and precautions, you can help stop fraud before it starts.
If you believe your company’s account information has been compromised, please report it immediately to our team at 318-340-9656.
What Is CATO?
Corporate Account Takeover happens when cybercriminals use phishing emails, malware, or compromised credentials to break into your business’s online accounts. Once inside, they can move funds, steal sensitive data, and cause serious financial damage.
How It Happens
CATO often starts with something small—like an employee clicking a link in a phishing email or using a weak password. From there, fraudsters can install malware, capture keystrokes, or gain full access to your systems.
They may:
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Make unauthorized wire or ACH transfers
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Access customer data
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Manipulate internal systems
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Disrupt business operations
What to Watch For
Keep your team alert to these red flags:
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Unusual or awkward language in emails
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Unexpected payment requests or changes to payment instructions
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Messages urging secrecy or immediate action
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Requests for wire transfers, gift cards, or cryptocurrency
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Login prompts from unknown sources
How to Protect Your Business
Prevention is powerful. Here’s how to stay a step ahead:
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Train your team. Regularly educate employees about phishing scams and suspicious activity.
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Use strong credentials. Enforce complex passwords and enable multi-factor authentication (MFA) wherever possible.
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Keep software updated. Regularly patch and update systems, firewalls, and antivirus programs.
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Limit access. Give employees access only to the systems and information they need.
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Monitor activity. Review account activity often and report anything unusual immediately.
If You Suspect Fraud
Time is critical. If you think your business has been targeted:
- Contact Centric immediately. We’ll take quick steps to help secure your accounts. 318-340-9656 (call or text)
- Report the incident to your IT team and local law enforcement.
- Notify employees and review internal controls to prevent future attacks.
- We’re Here to Help
- Cybersecurity can feel overwhelming, but you’re not alone. At Centric, we’re committed to helping you safeguard your business with the right tools, resources, and support.
- Questions? Need help strengthening your security strategy? Reach out to our Centric Business Team at 318-340-9656—we’re here for you.