DETECTING ACCOUNTS PAYABLE FRAUD
Learn to see the signs of a scam
M&T Bank has protections to mitigate fraud risk and limit the damage if a breach occurs.
How to detect accounts payable fraud
Phishing attacks often lead to stolen business banking credentials. A cybercriminal poses as someone trustworthy and tricks an unsuspecting victim into allowing access to sensitive information. Phishing emails containing infected files or links are one of the most common cyber attacks, and learning to recognize them is a key to accounts payable fraud detection. Email addresses, typos, oddly worded subject lines and suspicious links or attachments are all signs of a phishing attack. M&T can help you and your staff learn to spot the telltale signs of a scam.
We can also guide you on fraud prevention best practices like installing a dedicated firewall to limit the potential of unauthorized access to a network and computers, using a secure session in the internet browser for all online banking and activating appropriate “pop-up” blockers on browsers to help prevent intrusions.