Posts Tagged ‘zero liability’
IN THE HEADLINES: Small Businesses on the Hook for Cyber Losses
Posted by: Neal OFarrell in: ● June 23, 2011
A recent legal decision could spell big trouble for small businesses that fall victim to one of the most dangerous types of cybercrime to emerge in recent years. A judge in Maine recently sided with a bank sued by a small business owner who had lost nearly half a million dollars to one of the [...]
Small Businesses Face Threats Beyond an Erratic Economy
Posted by: Neal OFarrell in: ● May 16, 2011
To bring attention to this week being National Small Business Week, I have put together this blogpost concerning a recent study from Javelin Strategy & Research. This report takes a long, hard look at the impact of identity theft on small businesses; and the news isn’t encouraging. The Javelin study of more than 5,000 small [...]
IN THE HEADLINES: My Big Fat Zero Liability
Posted by: Neal OFarrell in: ● February 3, 2011
I’m sure you’re probably familiar with the notion of “zero liability” – that vague promise by your bank, credit union, or credit card company to not hold you liable for any fraudulent charges on your account. At least, not more than the first $50, and even this is usually waived. Zero liability was driven simply [...]
IN THE HEADLINES: Banking Trojans — The Best Thing to Happen to Small Business
Posted by: Neal OFarrell in: ● December 3, 2010
The National Cyber Security Alliance just announced the results of a study into small business attitudes to cyber security. According to the NCSA, the results are eye-opening: Nearly 50 percent of all small business owners believe the high cost in time and money to fully secure their business is not justified by the threat. 75 [...]
IN THE HEADLINES: Why You Can’t Always Depend on Zero Liability
Posted by: Neal OFarrell in: ● July 29, 2010
Zero liability. It even sounds good. And it’s supposed to. It was coined by the financial industry and driven by federal laws to ensure that victims of identity theft and fraud would not be liable for unauthorized charges or withdrawals on their accounts. In most cases, your liability for the actions of thieves, even if [...]
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