10/02/2025
Fraud and scams are on the rise, and small businesses are often the target.
Here are key steps to keep your finances safe:
1. Only give financial account access to trusted team members who truly need it.
2. Always separate duties (for example, the person who writes checks shouldn’t be the same person reconciling accounts).
3. Double-check invoices and confirm bank details before sending money.
4. Train your team to spot fake invoices, spoofed emails, or suspicious links.
5. Set up alerts for unusual activity and review transactions daily or weekly.
6. For large transfers or payments, require two levels of authorization.
7. Be sure to run background checks on employees and contractors, especially those who will handle money or sensitive data.
8. Work with trusted professionals, a bookkeeper or CFO can provide an extra layer of oversight and protection.
Follow for more tips like this and save this post for later so you can keep your business protected.
