Crooks continue to target small businesses by hacking into their business banking accounts with a new breed of wire transfer scheme.

According to a recent New York Times story, more than 10% of small businesses have now had funds stolen from bank accounts, with loses amounting in the billions.

Under the current law, a business is not protected by a bank when a hacker breaks into a business account. So a business that you spent years or decades building -- or even generations if it's a family business -- could be out of business overnight.

Here are my tips for protecting yourself if you're a small business owner:

1. A common point of breach is when a criminal attempts to set up overseas wires from your account. Contact your bank and request double or dual authentication on any wires. That means a wire won't automatically take place when someone requests it. The bank must take the additional step of getting a second go ahead from someone at your business -- in writing, in person -- before completing it. 
2. Talk with your insurance agent about fraud insurance. It's dirt cheap but almost nobody buys it. 
3. Get a dedicated computer for financial transactions. By doing this, you can show you took due care under the Uniform Commercial Code (UCC). No surfing the web on your dedicated computer. No e-mailing. And definitely no visiting Facebook or Twitter, as social media is one of the main entry points for business hackers today.