Within the past few months, we have seen an increase in fraudulent attempts and would like to pass along some ways to keep you and your company safe from becoming the next victim.
Technology
Use Protection:
Implement technology like a firewall as a first line of defense to protect your network and computers.
Use Individual Emails:
Provide each employee with their own email and avoid using a universal email for the entire office to reduce internal fraud risk.
Stay Informed:
Sign up for electronic notices from your bank, creditors, and service providers to stay informed of any changes.
Enhance Security:
Use Two-Factor Authentication or Dual authentication for added security measures. This requires two identification forms before allowing access to data in case one gets compromised.
Verify Information Accuracy:
Periodically search your company online to ensure accurate information is being reported.
Credit Reporting
Regularly Review Reports:
Review credit reports regularly to detect and report any suspicious activity promptly.
Brand Recognition
Consistent Use of Name:
Use your legal entity name on all forms of communication and portrayals of your company. This prevents fraudsters from easily impersonating your company or employees.
RESOURCE CENTER
Learn More About Business
Why Businesses Choose Factoring Over Bank Loans
Running a business is tough enough without waiting on cash you’ve already earned. Whether it’s covering payroll, ordering supplies, or…
Net-60 Payment Terms? How Telecom Companies Get Paid Fast
For many telecom companies operating under B2B telecom contracts, long payment terms like net-60 are standard. These delayed payment cycles,…
SBA Loan Rules are Changing – What You Need to Know
How New SBA Loan Rules are Changing Cash Flow Options — Why Factoring is a Smart Alternative Starting June 1,…