Home Business How to Protect Your Business From Fraud

How to Protect Your Business From Fraud


Did you know that business owners typically have only 24 hours to identify and return fraudulent bank account activity? Most don’t.

As criminals get savvier, business owners need to watch their accounts daily via online banking.

We’ve seen cases where a company’s email system is hacked, and criminals, posing as the CEO, request a wire transfer to the CFO. No one in the company questions the request, as it appears legitimate. Utilize dual control to initiate and confirm wire transactions.

Fraud can hit companies of any size. Talk to your banker about fraud-prevention tools that can protect your business.

David Ogburn, USAmeriBank

You may also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

The Colorado 100