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Fraud Prevention

Consider our carefully crafted products and services designed to lower your business’s risk of becoming the target of check and wire fraud.

Fraud Prevention

Minimize the Risks of Fraud

Tips to Protect Your Business from Cyber Fraud

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Guard Against Payment Fraud

Tips to Protect Your Business from Payment Fraud

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Protect Your Business from BEC

Tips to Protect Against Business Email Compromise

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Businesses today face a wide range of different types of risk. Among the biggest risks currently encountered are occupational fraud and online fraud, or cybercrime.

 

According to the 2018 Report to the Nations, a bi-annual fraud study conducted by the Association of Certified Fraud Examiners, the typical organization loses five percent of its revenues to fraud each year and the median fraud loss at victimized organizations is $130,000. In more than one out of five fraud cases, the organization lost $1 million or more. Can your business afford this type of loss?

 

Control outgoing payments to reduce your exposure to fraud

At Cadence Bank, we are attuned to fraud risks and urge all of our business customers to consider our carefully crafted products and services designed to lower your business’s risk of becoming the target of check and wire fraud.

 

Any time a company is planning a treasury management implementation, it needs to plan for how it will guard against payment fraud. Payment fraud risk exposure is significant, so fraud protection should be layered into any discussion you have with your bank about improving payables management.

 

Learn more about our main tools you can use to protect your business against fraud:

 

  • Positive Pay: protect yourself from check fraud by sending a daily file of issued checks, reviewing checks paid to your account that did not match the issuance file, and returning fraudulent or unauthorized checks.
  • ACH Positive Pay: protect yourself from automated clearing house (ACH) fraud by reviewing incoming debits and returning them before they are deducted from your account.

 

Contact a Cadence Bank Treasury Management Officer today to learn more about protecting your business against fraud.

 

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