Cyber Security (CONT’D FROM PAGE 26)
Board Converting NEWS INTERNET DIRECTORY
Schaeffer. “Employees need to be warned to be alert for such requests that come in late on a Friday afternoon, at the end of the month, or anytime when thieves think they can trick somebody into failing to properly verify a trans- action.” Protect Accounts Good procedures can also guard against a variation of social engineering in which a caller, pretending to be a customer, requests bank routing numbers to pay an in- voice. “People are often only too happy to give out such information because they want to receive money,” says Schaeffer. “However, rather than using the provided infor- mation to wire funds into the account the thief wires funds out.” Businesses can obviate such wire fraud by requiring account information be communicated only by designat- ed individuals who directly dial the paying company using known telephone numbers. “Another solution is to estab- lish one bank account dedicated to wire transfers, and use it only for inbound transactions,” says Schaeffer. “At the end of the day, money from that account can be swept into the business’s regular account which the bank has flagged to reject any wire transfers.” In a reversal of the above fraud, a thief pretending to be a vendor will send an email providing routing numbers for a new bank account where all future payments are to be made. The account, of course, belongs to the thief. “This type of fraud is exploding and I cannot caution you enough to be careful,” says Schaeffer. “You need to get to the right person to verify that the request is legitimate.” Again, ver- ification should be done over a voice line using a known telephone number. Schaeffer cautions that calling to verify changes in bank accounts or email addresses will only work if a com- pany’s records are accurate. “It’s more important than ever to enter valid contact information in the master vendor file when it’s first set up, and then update it regularly.” Wire transfers are not the only electronic payment method at risk. Thieves can also use stolen Automated Clearinghouse (ACH) numbers to steal company funds. Banks offer a number of services to stem losses. An ACH block will prohibit all ACH transactions for a specified ac- count. An ACH debit block prohibits only transactions ini- tiated by payees. An ACH filter allows ACH debits only to those on a designated list of names. An ACH alert triggers a notification when an ACH debit arrives, enabling a staff member to accept or reject. “I suggest putting ACH debit blocks on all accounts where debit activity is not needed,” says Schaeffer. “Limit ACH debit activity to one or two accounts and check those accounts each day. Businesses have 48 hours’ time to no- tify the bank of any unauthorized transaction.” (Consumers enjoy a 60-day notification window). Damaging Malware
ARC INTERNATIONAL www.ARCInternational .com
ARC International is a world leader in the manufacturing of roller products for flexography. The latest nano-technology laser engraving in our NC and NV manufacturing facilities ensures superior quality and consistency in anilox rollers.
AMERICAN CORRUGATED MACHINE www.acm-corp.com
For a wide variety of new and used equipment on to- day’s market, visit our website at www.acm-corp.com. BAUMER HHS CORPORATION www.baumerhhs.com hhs is a global leader in advanced gluing, camera verifica- tion and quality assurance systems for the packaging indus- try. Zero-defect quality and elevated production speeds are key parameters in the manufacturing of corrugated boxes; hhs systems ensure efficiency and precision. With hhs Xcam Box Monitoring and non-contact flap gluing of corrugated board, hhs offers every option for quality assurance in the production of corrugated boxes with flexo folder gluers. BLOWER APPLICATION COMPANY (BLOAPCO) www.BloApCo.com BloApCo has served the corrugated industry since 1933 with a variety of scrap handling solutions, including Hori- zontal Floor Shredders, Trim Cutters, and Material Handling Fans and Conveying Systems. BloApCo Shredders allow for continuous shredding and pneumatic removal of sheet waste stacks of all sizes, roll slab, cores, and carton scrap.
CIMEX CORP. www.cimexcorp.com
Cimex writes affordable yet powerful CAD/CAM software for the packaging and diemaking industries. We also offer numerous samplemakers, etc., to fit all needs and budgets.
CORRUGATED MACHINERY SPECIALISTS www.cmsretrofits.com
Leading manufacturer and installer of quality retrofits, up- grades and replacement parts for S&S and Prime Flexo Folder Gluers. Specialists in reconditioning of S&S Flexo Folder Gluers, including ink, air and electrical systems.
CORRUGATED REPLACEMENTS, INC. www.corrugatedparts.com
Corrugated Replacements, Inc. is a production powerhouse that manufactures high quality machine parts and replace- ment parts for the corrugated and paperboard converting industries. CRI can redesign, engineer, and manufacture any part while providing a rapid turn-around rate, keeping machines running at their peak performance and limiting down time.
CONTINUED ON PAGE 30
28
www.boardconvertingnews.com
April 19, 2021
Made with FlippingBook - Online magazine maker