[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-detail-191572-en":53,"doc-seo-191572-105":74},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":5,"data":54},{"doc_id":55,"user_id":56,"nickname":57,"user_avatar":58,"doc_module":9,"category_id":8,"category_name":11,"doc_title":59,"doc_description":60,"doc_content":61,"file_id":62,"file_url":63,"file_type":64,"file_size":65,"view_count":66,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":20,"language":67,"language_code":68,"site_id":69,"html_lang":68,"table_of_contents":70,"faqs":71,"seo_title":72,"seo_description":60,"update_tm":73,"read_time":47},191572,962075114765,"Quinn","https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","Preventing Common Business Fraud - Key Prevention Steps","Covers practical measures to prevent common business fraud, focusing on three major risk areas: payment redirection, check fraud, and corporate account takeover. Details how fraudsters impersonate vendors and redirect payments via email change notices, and how staff should verify changes through controlled procedures, careful sender checks, and confirmed contact channels. For checks, explains Positive Pay and continuous transaction monitoring. For account takeover, outlines password isolation, phishing link avoidance, staff training, and the two primary access methods.","| \u003Cbr>  Payment Redire | |  |\n| --- | --- | --- |\n|  | ction Fraud |  |\n| Fraudsters impersonate your vendor or supplier and send you a payment change notice.\u003Cbr>\u003Cbr>• The change notice instructs your staff (usually through email) to send payments to a different bank account that is controlled by the fraudsters.\u003Cbr>• Staff believe they are following directions.\u003Cbr>Multiple payments could be sent before the real vendor or supplier notifies your staff that payments are in arrears.\u003Cbr>| Three Steps to Prevent Payment Redirection Fraud 1.Develop payment change notice procedures and implement a response process.\u003Cbr>Train payments staff so they are aware of payment redirection fraud and how to react to possible threats.\u003Cbr>2.Check the sender’s email address carefully whenever a payment change notice is received via email.\u003Cbr>3.Verify the change by contacting a known partner at the vendor or supplier, preferably by phone.\u003Cbr>Employees should use a verified phone number or email address for the vendor NOT the contact information included on the payment change notice. |  |\n\n| Detecting Check Fraud |\n| --- |\n| Detecting most types of check fraud is easier with a product called Positive Pay.\u003Cbr>􀀹 Positive Pay is an automated service that matches the information on presented checks (check number & dollar amount) against a list of checks provided by the business.\u003Cbr>􀀹 Additional services called Payee Positive Pay will review payee information on presented checks to ensure the check is negotiated by the intended payee.\u003Cbr>Absent Positive Pay, the best way to detect check fraud is by continuous monitoring of transactions against your account.\u003Cbr>(The Bank offers ACH Positive Pay for electronic transactions) |\n\n\n|  Corporate Ac |  |  | c | ount Takeover\u003Cbr>\u003Cbr>Prevention\u003Cbr>\u003Cbr>1. Use different passwords for all of your accounts.\u003Cbr>At the very least, do not use the same passwords for your personal and business accounts.\u003Cbr>2. Don’t click email links from unknown senders .\u003Cbr>• Hover over the sender to see the full email address.\u003Cbr>• Be careful about emails that “bait the hook” with current events, such as a package delivery email around the holidays, flower delivery email around Valentine’s Day, or emails about COVID.\u003Cbr>• FBI reports over $2 .4B in fraud associated with Phishing and Business Email Compromise in 2021.\u003Cbr>• FBI reports ransomware continues to evolve from “big game” targets toward midsized organizations as awareness increases.\u003Cbr>3. Training: You can’t over train staff  on how fraudsters try to access accounts.\u003Cbr>In addition to training, consider a phishing\u003Cbr>email test.\u003Cbr>• Many IT vendors offer phishing email testing campaigns.\u003Cbr>• Phishing email tests are very helpful in identifying who in your business needs additional training. |\n| --- | --- | --- | --- | --- |\n| \u003Cbr>Fraudster gains access to the corporate account(s), usually through breached privileges.\u003Cbr>(Online Banking, Passcodes, Personal Information)\u003Cbr>There are two common means for gaining access to an account: |  |  |  |  |\n| 1.\u003Cbr>􀂾\u003Cbr>2.\u003Cbr>􀂾 | Credential Stuffing: Perhaps the CFO’s password was the same password she used for her Hotel Rewards account, which got breached.\u003Cbr>With credential stuffing, the fraudster uses that same password on the CFO’s other accounts, including her corporate sign-in.\u003Cbr>Spear Phishing: Fraudsters send targeted emails to privileged user of the corporate network, hoping they fall for the fraud and provide their account credentials.\u003Cbr>The fraudster uses this information to take over the account. | |  |  |","cbCaiob36g9g3MKa","https://ap.wps.com/l/cbCaiob36g9g3MKa","pdf",555947,4,"English","en",105,"# Preventing Common Business Fraud\n## Payment Redirection Fraud\n## Detecting Check Fraud\n## Corporate Account Takeover Prevention","[{\"question\":\"What steps reduce the risk of corporate account takeover?\",\"answer\":\"Use different passwords for all accounts, avoid clicking links from unknown senders, and train staff on fraud tactics, including phishing email testing. 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