Help protect your business by educating yourself and employees with commonly known fraud and scams that affect businesses. Here are some things you can do today to help protect yourself and your business against fraud and scams.

Tips for protecting your business financials.

  • Keep your contact information up to date.
    • Alerting us anytime your contact information changes helps to ensure e are able to contact you quickly and limit account exposure in the event we see suspicious activity. Log in to Online Banking to review and update your contact information.
  • Protect your information when using a public Wi-Fi connection.
    • The Federal Trade Commission shares information on best practices for using a public Wi-Fi connection as well as ways to better protect your information online. Click the link to see what they have to say: Public Wi-Fi Safety
  • Create strong passwords.
    • Using the same, simple password for all of your online accounts makes it easier for cyberattacks to happen. Creating a strong password, using multi-factor authentication, and changing your password often can help prevent your accounts from being compromised. Learn more by clicking the link: Strong Passwords and More
  • Allow alerts on the Mobile Banking app.
    • Setting up alerts through our Mobile Banking app will help us to contact you in a timely manner if we see suspicious activity on your account. Log into the Mobile Banking app, select Alerts from the menu, then select Settings from the drop down menu, and turn on your alerts. You can even customize alerts to your specific needs.
  • Recognize and avoid phishing scams.
    • Educating yourself and your employees on what to look for when a suspicious email or text is received can help prevent scammers from accessing your financial accounts. Learn more by clicking the link: Recognize and Avoid Phishing Scams
  • Secure internet connections for employees who work remote.
    • 2020 helped businesses to realize employees working from home provided benefits like increase in morale, monetary savings, and more. However, ensuring your employees home internet-connection is secure became a top priority. Learn how to help your employees secure their home connection by clicking the link: Secure Home Internet-Connections 
  • Reconcile your accounts often.
    • Checking your banking and credit accounts at least once a week to make sure all transactions are valid is a great way to catch and prevent fraud. It's also a good idea to check your credit report at least once a month to ensure there is no suspicious activity like a new line of credit be open in your name. If you something looks suspicious, report it to your bank immediately. 
  • Separate Finances
    • Keep your business and personal accounts separate to prevent your personal information from being comprised in the event of a breach and help you to better manage your business as a stand-alone entity.
  • Digitize Payments
    • Digital payments have more controls in place to help keep your information secure.
  • Enable Positive Pay
    • Let us help you manage risk and detect fraudulent transactions before they can hurt your bottom line or reputation. To learn more, visit our Positive Pay page.

Scams to be aware of as a business owner.

  • PPP Loan Recipient Scam
    • The list of commercial customers who received a PPP loan is being used by scammers in an attempt to gain access to your online banking account. If you get a call from someone stating they are the bank and there are issues with a wire or payroll and they need to access your online banking account, don't give them your credentials. Banks never ask you for your password or security code. Hang up the phone and call your bank to verify if there are issues. 

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