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Cybercriminals Sniff Out Vulnerable Firms

Published on July 5, 2012
by Sarah E. Needleman

With cybercriminals a greater threat to small businesses than ever before, more entrepreneurs like Lloyd Keilson are left asking themselves who is to blame for hacking attacks that drain their business accounts.

In May, Lifestyle Forms & Displays Inc., a mannequin maker and importer led by the 65-year-old Mr. Keilson, had $1.2 million wiped out of its bank accounts in just hours through online transactions. The theft from the Brooklyn, N.Y., company, which has about 100 employees, wasn’t an isolated incident.

Many smaller businesses find themselves vulnerable to cyberthieves, mainly because they have limited budgets for Web security and few or no technology experts on staff.

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