2024 Fraud Best Practices Checklist
Cyberattacks and fraud remain pressing business concerns. The 2023 AFP® Payments Fraud and Control Survey revealed 65% of organizations experienced payments fraud attacks, and 71% fell victim to Business Email Compromise scams. Alarming as it may sound, First Financial Bank has gathered several best practices your business should follow to efficiently identify and fight fraud attempts. A few highlights include:
- Conduct routine employee training
- Establish 2-factor authentication with secure options
- Implement user limits for electronic payments
We offer a full list of best practices on our 2024 Best Practices Checklist to help you identify potential weaknesses in your company. Our goal is to empower you to build consistent fraud-fighting processes and procedures by offering the knowledge and resources you need to stay safe all year long.
We encourage you to share this checklist with any of your key financial staff. The more employees you have actively fighting fraud, the better your results will be.
