An informative Web site, reports that a fire alarm company in Arkansas lost more than $110,000 early this month when hackers stole the firm’s online banking credentials and drained its payroll account. As the chief executive discovered, businesses do not enjoy the same legal protection as consumers against online banking fraud. Most internet banking fraud occurs in a two-step process. First, the offender must get their hands on the customer's account information, like their username and password. Second, the offender will use that information to move his victim's money to another account or withdraw it to make fraudulent purchases. For the first step, offenders often employ one of the many popular fraud schemes to obtain personal information. These fraud schemes include, but are not limited to:

·         Over the shoulder looking scheme

·         Phishing scheme

·         Trojan horse scheme

More about online fraud at