Protecting Your Business
For businesses, detecting and preventing fraud requires strong fraud-prevention protocols, clear policies and a culture that encourages communication. Empower your employees to raise concerns about suspicious requests and seek additional approval when needed. If it prevents a major financial loss, a slight inconvenience is a small price to pay.
If you suspect that your business has been the victim of fraud, contact us right away at 1-866-246-2400.
Fraudulent wire transfers are a risk for companies of all sizes. These payments are often irreversible and hard to trace. Learn two common methods criminals may use to commit wire transfer fraud.
ACH transfers are an easy way to manage payments, but they can also expose your business to theft and fraud. Here’s what you need to know about the growing threat of ACH fraud for businesses.
Accounts payable fraud can drain your business’s finances and damage its reputation. Learn about common internal and external risks that AP departments face, as well as red flags to watch for.
Cybercriminals are motivated by money, so they target businesses. Specifically, they target employees who have access to a company’s payroll and finances. Their goal? To trick an employee into moving money to accounts managed by the cybercriminal.
Payroll fraud refers to any type of scheme where an employee abuses the payroll process to steal money from their employer. Learn about three common types of payroll fraud and see what you can do to help prevent them.
Phishing (pronounced “fishing”) is an email scam used by cybercriminals to trick people into revealing personal information that can be used to perpetuate identity theft. Simmons Bank will never request sensitive information via email or phone.
Simmons Bank offers multiple layers of protection from the growing threat of fraud. Prevent fraudulent transactions before they affect your business with ACH Blocks and Filters, Positive Pay, and Multi-User Online Banking controls.