Protecting Your
Business From Fraud

How Can I Protect My Business?


Train Your Employees

  • Your best defense is an informed workforce. Establish a training program to keep your staff educated on how to spot scams
  • Encourage employees to send internal alerts to inform other co-workers about a scam or scam attempt
  • Implement policies regarding when and how to share sensitive information or passwords

Be Tech-Savvy

  • Don’t believe your caller ID. Imposters can fake caller ID information to trick you into believing they are someone you should trust, like a government agency, a vendor, or your bank
  • Even email addresses and websites can be faked to look legitimate. Look for misspellings, inconsistencies between the name and email address or email addresses coming from a standard domain like yahoo or gmail
  • Secure your organization’s files, passwords, and financial information

Most Common Forms Of Business Fraud

  • Receive an unexpected request to send funds/payment to a new or different account.
  • You receive an unexpected invoice from an unknown vendor with the urgency to pay to maintain critical business operations like maintaining your website. .
  • Criminals will send emails that appear to be from business associates requesting ACH transfers or other sensitive information. Email requests for wire transfers or ACH transfers should always be verified by contacting the requestor using the information you have on file and not the information provided in the request. 
  • Employees receive emails or text messages looking like it’s coming from a company executive requesting information, funds transfer, and more with a sense of urgency.
  • A fraudster posing as a legitimate vendor sends a check for an amount greater than the agreed amount and requests the overpayment to be wired back to them
  • Review the check for alterations, including forged signatures and amounts higher than expected.
  • Verify that the check includes an accurate bank logo and information.
  • Be wary of emails requesting a routine wire payment be sent to a new account.
  • Review ACH charges to ensure the checks have not been returned for fraud.
  • Monitor transactions to look for fraudulent electronic debits, credits or outbound wires.
  • Verify ACH payment requests received over the internet or by telephone to avoid fraudulent payments.
  • Avoid credit purchases from "Card Not Present" merchants or merchants that do not validate the CVV2 number on the card.
  • Scammers send an email posing as a representative of the IRS or state tax officials, or even a well-known business or retailer indicating that a refund is due and requires specific information to expedite processing.

Reduce Your Businesses Risk From Scams

Business owners can reduce their risk of getting scammed if they understand their company's vulnerabilities and recognize red flags.

Cyber Man Hacking

Protect Your Business From Being a Victim of Fraud

A company's life expectancy increasingly depends on its owner's vigilance in protecting its cyber presence. Learn industry best practices that business owners should implement..

Credit Card Number being added to computer

Cybersecurity Tips for Florida Small Business

Cybercriminals are here to stay, but with smart thinking and a plan, you can help safeguard your business. Seacoast is here to help with solutions for payroll, banking and more.

cybersecurity meeting

Recognizing a B2B Scam: What to Know

An example of a B2B scam is a fraudster sending an invoice for a business listing. Except payment goes to the fraudster and the listing never exists.

Report A Potential Security Concern

Contact us if you suspect fraud on your account(s) or you responded to a suspicious email, text message, or phone call.

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