Closeup of a man using a cell phone and working on a laptop

Business Fraud Prevention

Corporate Account Take Over

This costly type of fraud happens when crooks figure out how to access your business accounts to fraudulently create things like wire transfers, ACH payments, or to steal customer or employee data.  The thieves behind these attacks target employees with email, phone calls or other methods, hoping to trick them into sharing confidential information that can be used to hack into accounts.

Please download the following guides for more information.

OneLocal Bank Corporate Account Take over Guide

Fraud Advisory for Business Corporate Account Take Over

NACHA- Sound Business Practices to Mitigate Account Take Over

Beware of Fictitious Wire Instructions

While you may be familiar with CEO fraud, in which someone claiming to be from your company asks you to wire money immediately, there’s another kind of wire fraud going around, and it’s even sneakier.  In this case, after someone sends you instructions for wiring money for a legitimate transaction, you may receive an email with “updated” or “corrected” instructions. Be wary!


Beware of Wire Fraud

Sophisticated cyber-crooks look for ways to exploit any weakness your business might leave exposed, and the result can be financially crippling.  Whether it’s through malware that allows fraudsters into your computer system or email scams to convince an employee that an executive needs a wire transfer quickly, it’s important that you set up safeguards and enforce your policies.


Avoid Credit Card Fraud

Accepting credit cards as payment for your business’s goods or services comes with risks and rewards.

Business Email Compromise

Business Email Compromise (BEC) is a sophisticated scam targeting businesses working with foreign suppliers and/or businesses that regularly perform wire transfer payments.

REad More About Business Email Compromise

Check Washing

Check washing is when thieves steal checks from the mail and wash away the payee and amount. They can then sell the blank signed check or make it out to themselves and deposit the money into an account they control.