Fraud Prevention
All businesses, especially small businesses, are susceptible to fraud. According to Business Fraud Prevention*, small businesses experience fraud at a 42% higher rate. Fortunately, there are steps you can take to safeguard your finances and protect your business.
Shield Your Accounts
- Make sure you have separate accounts for personal and business to reduce risk.
- Pay bills online to reduce the risk of mail fraud.
- Set up automatic alerts on company credit and debit cards.
Verify Payments
- Review account activity daily and balance statements monthly.
- Use BankChampaign’s Positive Pay Service, a check fraud detection tool.
Protect Your Technology
- Use multi-factor authentication and automatic logout on software platforms.
- Maintain updated firewall and anti-virus software.
- Require Virtual Private Network (VPN) usage for offsite employees.
- Securely back up data regularly.
