indicatorCybersecurity and Fraud Protection

A quarter of Alberta businesses have been victims of fraud or attempted fraud

By ATB Financial 7 March 2019 1 min read

A quarter of Alberta businesses have been victims of fraud or attempted fraud. Here’s what you need to know.

If someone in your company opens a phishing email tomorrow, do you have the right protections in place to detect a hacker that is spying on your systems?

To prevent a thief from seizing your network and demanding a ransom?

To deter an embezzler from stealing your company’s banking information and sending wire transfers to offshore accounts?

To prevent a crook from redirecting supplier payments to bogus accounts or stealing payroll from your employees?


In its 2018 Payments Fraud and Control Survey, the Association for Financial Professionals found that 78% of the nearly 700 respondents said their organizations were hit by payments fraud.

Today, every Alberta business is more vulnerable to cyber theft and payment fraud than they were last year. The frequency of successful cyber attacks is increasing. The value of what is taken is increasing. On average, one in four Alberta businesses is a victim of fraud or attempted fraud.

This is no time to lose to cyber thieves. Alberta entrepreneurs can win this race.


Learn how cyber fraud and payment theft are harming Alberta businesses. Your new mandatory obligations under federal breach reporting legislation. What’s in the cyber criminal’s arsenal today. Five ways to reduce payments fraud. And what to do when you discover a thief has infiltrated your systems.

Need help?

Our ATB Business Solutions team will be happy to assist.