Month: July 2018

Categories
Blog Business Fraud & Security

How secure are you?

Blog Post Image copySix trillion dollars.

That’s not pocket change, is it?

That’s how much cyber crime is expected to cost its victims by 2021.

More current stats from Cybersecurity Ventures say cybercrime stole about $3 trillion from its victims, both in banking and in other schemes. But that amount is small compared to their future projections.

As result of this rising crime, banks have changed the way they do business. Security is at the top of their to-do list. They’re constantly examining at their systems to determine new ways protect customer data and ensure their infrastructure is secure.

Avoiding scams and cyber theft can be tricky. It can feel like new schemes happen every day. It may be a skimmer attached to an off-site ATM or gas pump. It may be a convincing phone call from a “relative” asking for a quick loan.

Scammers are good at what they do and they’re smart. The dollar amounts prove it. But together, and with the right tools, we can be smarter.

Categories
Blog Business Cash Management

Keeping money management manageable

What builds a business?

Great ideas. Hard work. A strong connection to customers. It’s a little different for each entrepreneur. But for everyone building a business, it’s a process. That process that includes growing, changing, and learning. You learn what works and what doesn’t.

For many, the learning process includes managing their business finances. And that can be an intimidating part of running a business. But managing those basics makes a big difference in the health of your business.

Here are a couple things to remember.

Invest for today and tomorrow. With all the demands on your money, it’s easy to forget. But the experts say: always pay yourself and set aside money for future plans.

Cultivate good habits. Running a business keeps you busy. That’s where good financial planning and good habits come in. Whether it’s planning for taxes, budgeting, or planning time to manage your books, staying faithful with a strong financial routine can make all the difference.