Small Businesses Hurt by 'Corporate Account Takeovers'

Computer security specialists say crimes called “corporate account takeovers” have become increasingly common, and small businesses are especially easy prey because many lack firewalls and monitoring systems. Gartner, an information technology research company, says regulators have not compiled statistics on the extent of the fraud, but the company estimates that more than 10 percent of small businesses have had funds stolen from their bank accounts — losses totaling more than $2 billion.