From an original article from Harland Clarke
Fraud Prevention is essential, especially during the holidays. Fraud can damage any business, but the impact on small businesses is especially devastating. Many never recover from their losses. With a majority of us preferring to shop online for gifts, it’s easy for you and your business’ security to be breached. Are you doing everything you can to protect your company?
Here are some tips that can help you safeguard your company’s assets:
- Use high-security checks – Check fraud is the leading type of business payment fraud.
- Review financial statements – As an owner, you should review all account statements.
- Secure important documents – Keep business files locked away from public access.
- Shred sensitive documents – Fraudsters go through trash and recycling bins.
- Be wary of suspicious emails or phone inquiries – Validate requests for sensitive information, including those from financial institutions.
These are only some of the steps you can take to avoid fraud. For further details on these tips, plus five more steps you can take, download this PDF.
At Pinnacle Bank, we want to ensure that you have all of the tools to be prepared for Fraud Prevention and Cybersecurity – here are a few additional resources to learn more ways to stay protected.
Cybersecurity for Small Business: Ways to Stay Protected
FDIC Consumer News – Winter 2016
Business E-Mail Compromise: The 3.1 Billion Dollar Scam
A Public Service Announcement from the Federal Bureau of Investigation