In today’s digital world, fraud isn’t just a risk; it’s a growing reality for businesses of all sizes. From phishing scams and check fraud to unauthorized ACH transactions, the threats are real, and the consequences can be costly. The good news? Your business can stay one step ahead with the right tools and awareness.
At People Driven Credit Union, we’re committed to helping local businesses protect their assets. Use the checklist below to identify vulnerabilities, and see how our business fraud prevention tools can help safeguard your operations.
Business Fraud Prevention Checklist
- Separate Business and Personal Accounts
Keeping accounts separate reduces confusion and limits access in the event of fraud. - Use Strong, Unique Passwords
Use complex passwords for all financial and operational accounts and change them regularly. - Set Up Multi-Factor Authentication (MFA)
You can always enable multi-factor authentication (MFA) for your online banking and vendor platforms to add an extra layer of security. - Monitor Transactions Daily
Check your account activity regularly and set up alerts for any unusual transactions or login attempts. - Limit User Access
Assign permissions based on roles and responsibilities. Not every employee needs access to your accounts. - Verify Vendor and Payment Requests
Always confirm changes in payment instructions or new vendor requests through a second, known contact method. - Implement Secure Payment Methods
Utilize secure tools like ACH Origination and PDCU’s Remote Deposit Capture to minimize check fraud and handling errors. - Shred Sensitive Documents
Don’t let paper records become an easy target. Shred old checks, bank statements, and payroll records when no longer needed. - Train Your Team
Employees should be aware of how to identify suspicious emails, social engineering attempts, and other common fraud tactics.
How PDCU Helps Protect Your Business
People Driven Credit Union offers business tools designed to help prevent fraud before it starts:
- ACH Origination with Dual Approval Options – Add controls for outgoing payments with optional two-person verification.
- Secure Remote Deposit Capture – Avoid check fraud by depositing checks digitally with encrypted data transmission.
- Account Monitoring & Alerts – Set up real-time alerts and monitor transactions anytime via online banking or the MyPDCU app.
- User Permission Controls – Limit access by user, department, or role across your business accounts.
Let’s Safeguard Your Business Together
Your business deserves more than a bank; it deserves a financial partner who prioritizes protection and security. If you’re ready to enhance your fraud prevention strategy, we’re here to help.
People Driven Credit Union: Keeping your business secure, efficient, and ready for what’s next.
