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.
Understanding check fraud
You’re exposing your small business to check fraud, the most common type of fraud, if you’re using checks to make payments. Criminals regularly forge signatures, steal checks or account numbers, write checks on closed accounts and illegally print counterfeit checks. If your business is the victim of check fraud, notify M&T Bank immediately. We can help you act quickly to gather information, dispute transactions and take other steps to minimize your loss.
Learn how to help your business thwart off fraud. Visit your local M&T branch or schedule an appointment.
Detecting Fraud in Small Business
Our resources can teach you and your staff how to detect fraud, build protections to mitigate fraud risk and much more. Learn more about detecting fraud in small businesses.
Partner with M&T Bank
M&T’s Business Banking Specialists are ready to offer you support at any stage of your business. Get to know the advantages of being an M&T Business Banking client.