NJ Small Businesses Face Rising Cybercrime, Fraud Risks

New Jersey small businesses are increasingly vulnerable to cybercrime, with the state ranking fifth in the nation for cyber-related financial losses in 2024. NJBIZ spoke with Ken Helmrich, a certified financial crimes specialist and SVP/Director of AML/CFT & Sanctions Compliance at Kearny Bank, who emphasized the importance of proactive measures like employee training and internal controls. He noted that while some businesses are becoming more vigilant, many still wait for a major incident before taking action.

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