The threat of fraud is unfortunately an ever-present reality for all businesses. The first step in an effective fraud-detection strategy is to be constantly aware of the possibility of a cyberattack. Every member of your organization must be continuously educated on the telltale signs of common scams like check fraud, phishing, ACH fraud, ransomware attacks and more. Cybercriminals are using increasingly sophisticated techniques to lure sensitive information from unsuspecting victims. M&T can help you stay up to date and train a well-informed staff that can work together to shut down the hackers.
Beyond a diligent approach and a well-educated staff, your business needs automated tools that can detect unusual activity and limit damage if a breach ever occurs. M&T provides an array of controls for monitoring activity, identifying fraud, freezing accounts when necessary and mitigating…
CLICK HERE to read the FULL Detecting Fraud in Small Business | M&T Bank article.
Check the URL of any website where you enter payment data to ensure it begins with “https://” and displays a padlock icon, indicating an encrypted connection to the server.