Quiz 3 - Protecting your small business from phishing attacks

EN FR
For Canadians

Banking & You

Answering your questions about banking

Scam Prevention

Tips to protect yourself

Financial Literacy

Helping Canadians achieve financial well-being

Scam Prevention Toolkits

Anti-scam resources for individuals, newcomers, older adults and small businesses

Anti-Scam Quizzes

Test your scam smarts

Financial Abuse

What you need to know to protect against financial abuse
News

News Releases

The latest in CBA news
Our Work

Submissions

CBA submissions and letters on policy issues

Remarks

CBA staff remarks on policy topics

Opinions & Views

Stay informed on key banking topics
Banks & Canada

About the Banking Sector

Learn more about the banking sector in Canada
About Us

��APP��

Learn more about our history, leadership and key priorities

Careers at CBA

Explore how you can work with us

Our Members

Learn about our member banks

Accessibility Plan

Learn about the CBA’s commitment to accessibility

Accept the use of cookies

We use cookies to improve your browsing experience, serve personalized content, and analyze our traffic.

Necessary cookies
Necessary cookies help the website to function and are needed for you to see the website.

Statistical/Analytical Cookies
These allow us to track visitor behaviour to help us improve website content and navigation.

Quick Links +

Quiz 3

Protecting your small business from phishing attacks

Introduction

The reality of today’s increasingly digital-first economy means that businesses, both large and small, use the Internet to manage their operations, serve their customers and grow their businesses.

Cyber criminals target small businesses because often these companies might not have the resources to implement robust cyber security safeguards.

As a small business owner, you need to remain vigilant about cyber security to reduce the risks associated with cyber threats.

Question 1

Employees are an essential line of defense when it comes to protecting your small business.

True

False

Submit Answer

It’s important to build regular and ongoing basic cyber security training programs for your employees into your cyber security plan.

Question 1

You must complete question(s) to unlock this question:

Question 2

Every six months is an appropriate schedule for backing up the data for your business.

True

False

Submit Answer

A data backup is used to restore files that are lost or damaged, possibly by a cyber attack. Backups should be done at least daily, perhaps hourly if appropriate for your business. Without a backup plan in place, you could risk losing information critical to your business.

Question 2

You must complete question(s) to unlock this question:

Question 3

The “CEO Scam” is a form of targeted phishing called “spear phishing” or “whaling” in which employees of a business are sent emails that look like they come from the CEO or other senior executive.

True

False

Submit Answer

These sophisticated and sometimes very convincing emails will attempt to trick the employee into wiring money to a third party and include language making the request sound urgent and confidential. The Canadian Anti-Fraud Centre estimates that $54 million was lost in 2021 to Canadian businesses that were targeted by spear phishing.

Question 3

You must complete question(s) to unlock this question:

Question 1 Question 2

Question 4

A Virtual Private Network (VPN) is an effective tactic to build into your business’ cyber security plan.

True

False

Submit Answer

A VPN is a great addition to your cyber security plan. If you or your employees will be accessing your business’ network remotely, setting up a VPN will provide a secure and encrypted connection to your sensitive business network.

Question 4

You must complete question(s) to unlock this question:

Question 1 Question 2 Question 3

Question 5

If you think business banking information was obtained through a phishing attack, it’s important to report the incident immediately to your bank.

True

False

Submit Answer

Report the incident immediately to your bank to protect your business accounts from being accessed fraudulently.

Question 5

You must complete question(s) to unlock this question:

Question 1 Question 2 Question 3 Question 4

Other Anti-Scam Quizzes

Quiz 1

How to Spot a Phishing Scam

Take the Quiz

Quiz 2

Social engineering: A peek behind the curtain

Take the Quiz

Quiz 4

How to protect yourself and others

Take the Quiz

STAY UP TO DATE

Get the latest news and insights from the CBA

Sign up for our newsletters to receive timely updates, expert perspectives, and important information
on banking trends, fraud prevention, financial literacy, and more.

Toronto Main Office

Commerce Court West
199 Bay Street, 30th Floor
Toronto, Ontario M5L 1G2

(416) 362-6092

Ottawa

50 O'Connor Street
Suite 1421
Ottawa, Ontario K1P 6L2

(613) 234-4431

Montreal

1800 McGill College Avenue
Suite 830
Montreal, Quebec H3A 3J6

(514) 840-8747

Vancouver

PO Box 19178,
Vancouver RPO Fourth Ave, BC
V6K 4R8

��APP����

Protecting your small business from phishing attacks

Get the latest news and insights from the CBA

��APP��