Protect Your Business from Fraud

Read Time: 4 Min

Fraudsters are getting smarter every day. It can be difficult to stay a step ahead to protect your business. Below are some best practices to help you reduce potential fraudulent business activity.

Online Security Tips

  • Review your account balance online on a daily basis to identify fraudulent transactions as soon as possible.
  • Create policies outlining acceptable use of corporate assets, specifically as it relates to web browsing, e-mailing, and social networking.
  • Ensure all employees are aware of the dangers of opening attachments or clicking links in e-mails from unknown sources.
  • Help protect your computers from malicious programs by installing and regularly updating anti-virus and anti-spyware software.
  • Restrict access to removable media devices. (i.e. CDs, DVDs, or USB devices) and turn off, remove, or restrict access to unnecessary services and applications.

Read More about Keeping Your Business' Data Private

Prepare Your Business Against Tax Fraud

  • Safeguarding your EIN number and filing your business taxes early are your best defenses against tax fraud and identity theft.
  • The IRS does not initiate contact with taxpayers by email, text messages or social media; it sends letters by U.S. mail.
  • Only give out company information when absolutely necessary—especially on websites and social media sites—and keep track of who you give it to.
  • Before giving out information, verify email or other requests that appear to come from your tax professional and payroll/ human resource personnel.

Read More about Protecting Your Business from Tax Fraud

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