Fraud Prevention

 

Fraud Prevention; Treasury Management
February 02, 2016 Posted by

According to the FBI, cyber thieves have stolen nearly $750 million using imposter fraud – aka business email compromise fraud – a scam that spoofs or hijacks email accounts of business executives. Once compromised, fraudsters use the email accounts to send fraudulent transaction instructions to company employees and steal client funds. Fraud attempts have increased by 270 percent in 2015 alone with all types and sizes of businesses affected.  Security experts Guardian Analytics highlighted how imposter fraud happens in this tutorial video. Watch it to learn how you can protect yourself.

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Fraud Prevention; Treasury Management; Startups
October 19, 2015 Posted by

Companies today need a robust online presence to recruit top talent, drive sales, and build brand awareness in a heavily competitive market. At the same time, organizations need to be aware of the risks of social engineering fraud in which key information about your company is used by fraudsters and thieves to commit fraud and theft. 

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Fraud Prevention; Treasury Management
October 19, 2015 Posted by
Payment transactions carry inherent risks, requiring businesses to be diligent about preventing theft and fraud. The good news is that a 360 degree view of prevention and controls offers the best protection.
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Fraud Prevention; Treasury Management
October 16, 2015 Posted by
Issuing commercial credit cards to employees can help create a layer of financial oversight and transparency over business travel and other company expenses. Companies are better able to track how and where expenses are incurred, manage expenses to approved vendors, and avoid the hassles and risks of reimbursing cash expenses. Companies should approach a commercial card program carefully to reduce potential incidents of accidental employee misuse or intentional fraud.
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Accounting, Regulations, & Reporting; Fraud Prevention; Treasury Management; Startups; Technology; Venture Capital; Wine Industry
October 14, 2015 Posted by

Recently, SVB held a webinar on the Payment Card Industry (PCI) risks and compliance. Given all the media attention to recent security breaches, we weren’t surprised by the overwhelming interest in the topic. We had a high number of participants and great questions in our Q&A session. It seems every company wants to know if their data is safe–for good reason.

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Fraud Prevention
July 22, 2015 Posted by
Silicon Valley Bank and ControlScan outline in a webinar what PCI compliance means and how it benefits your company in the event of a fraud or breach event.
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Fraud Prevention; Treasury Management
July 07, 2015 Posted by
A recent webinar “Fraud Prevention Begins with a Comprehensive Plan” outlines the best practices for keeping companies secure.
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Fraud Prevention; Treasury Management
May 21, 2015 Posted by

Companies should be aware of imposter or business email fraud schemes – theft through a relatively low-tech approach – that have been successful in stealing millions from companies. 

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Fraud Prevention; Treasury Management
May 21, 2015 Posted by

At Silicon Valley Bank, we are committed to helping our clients protect their assets, including funds, intellectual property, and nonpublic customer information. To help protect assets, we encourage our clients to create a comprehensive fraud prevention plan to secure all valuable assets and prevent and detect theft. A comprehensive plan addresses all potential security risks facing your company and is an essential tool to prepare for future growth, an IPO or acquisition.

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Fraud Prevention; Treasury Management
May 21, 2015 Posted by

In the face of increasingly sophisticated attacks, companies need to be more diligent about protecting their company funds, intellectual property, and nonpublic customer information. Ignoring the problem could impact a company’s bottom line through lost customers, lost sales, and cleanup costs and leave the company open to litigation from customers and authorities

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