4 Ways to Protect Yourself From Business Fraud

Every company is susceptible to fraud. This is largely because there are so many different kinds of fraud.

Cybercriminals adapt their ways almost as quickly as cyber security firms make new products and services. It is almost impossible to protect against every type of attack.

1. Secure Your Accounts

If you have not made separate bank and credit card accounts for your personal life and company, you should do so now. If cyber hackers get their hands on one account, they will not have access to the other. Make sure to look into the security systems your bank uses online banking to be sure things like automatic logout are available. Make a monitored reimbursement policy for team member expenses and stick to it. If you are going to give credit cards to your employees,  be sure that the card provider has suitable fraud protections in place.

2. Safeguard your computers

Hackers are experts at cracking systems in computers. A firm firewall could help protect your business data, while antivirus software could help detect breaches early on. There are several cyber security vendors. Look for the product that best addresses your needs. You should set up strict protocols that require employees to make passwords that are hard to decipher. Make sure to have your employees change their passwords every sixty to ninety days.

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3. Do an employee background check

When you are expanding your workforce, it is critical to find people who are not only well-qualified but who are also trustworthy. Do not rely only on references and work history. Make sure to conduct a thorough background check.

There are companies that could provide this service for you. Many of them charge between thirty to fifty dollars per report. When you narrow down the list of potential hires to one or two, you could run a check on the finalists prior to making your final decision. You should make sure you obtain proper permission to run the check

4. Make a secure entry

A secure entry system could keep out unwanted visitors. Some key-card systems bring out time-stamped records of an employee’s entries and exits from your office.

Management can also limit access to specific areas to certain people. For example, you could use a key card system to only let the tech managers inside the server room. Limiting the access to sensitive areas will keep you and your business safer.

Do you have a question about business fraud in California? Click here to contact Von Esch Law today!

Courtesy of Cuselleration