Arm yourself with knowledge.
What is CATO?
Corporate Account Takeover (CATO) is a type of corporate identity theft whereby a criminal steals a business’s valid online banking credentials.
Keeping Passwords Safe Isn’t Enough
Criminals use various ways to obtain access to the legitimate banking credentials of businesses. For example, your business’s systems may be compromised by:
- An infected document attached to an email
- A link within an email that connects to an infected website
- Employees visiting legitimate websites – especially social networking sites – and clicking on the infected documents, videos, or photos posted there
- An employee using a flash drive that was infected by another computer
Using a dual control system for online transactions is one way to help prevent fraud. To stay educated and alert, watch this CATO Webinar* and use these handouts provided by the Louisiana Bankers Association.
Learn more about MidSouth Bank’s Cash Management services.
*Webinar content current as of 6/15/17