Insights and resources to help safeguard your company against fraud

Get advice and tools to help your business protect against financial fraud, cybercrime , and other types of enterprise fraud attacks.

Stay ahead of cyber threats

Fraud

Fraudsters persist. Are you prepared?

The 2025 AFP® Payments Fraud and Control Survey Report, underwritten by Truist, is now available. This year’s edition shows that fraud remains elevated.

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Digital Transformation

Put advanced technology to work for your company with these strategies from Truist.

Resources

How to protect against wire transfer fraud

How to protect against wire transfer fraud

Fraud How to stop a new spin on an old scam

Learn tips and tactics for preventing wire transfer fraud.

Article
12/04/2024
How to protect against wire transfer fraud

Learn what makes wire transfer fraud one of today’s biggest cybersecurity threats and get tips for preventing it.

How to protect against AI-driven business fraud

How to protect against AI-driven business fraud

Fraud How to protect against AI-driven business fraud

Explore prevention and mitigation strategies for the cutting edge of cybercrime.

Article
12/04/2024
How to protect against AI-driven business fraud

Artificial intelligence (AI) has sparked a new generation of business cybercrime. Learn how to combat AI-driven fraud with modern fraud detection solutions.

Protecting Against Multifactor Authentication Fatigue

Protecting Against Multifactor Authentication Fatigue

Fraud Multifactor authentication fatigue

How to defend your organization against a persistent security attack.

Article
12/03/2024
Protecting Against Multifactor Authentication Fatigue

Learn valuable insights about new multifactor authentication procedures and get tips on how to protect your business from potential cybersecurity attacks.

How to defend your business against password theft

How to defend your business against password theft

Fraud How to defend your business against password theft

Password theft is a foundational cybercrime hackers rely on to access your company’s computer networks. Learn how to spot and stop these attacks.

Article
09/12/2024
How to defend your business against password theft

Password theft is a foundational cybercrime hackers rely on to access your company’s computer networks. Learn how to spot and stop these attacks.

How to detect and defend against business email compromise

How to detect and defend against business email compromise

FraudHow to detect and defend against business email compromise

ness email compromise happens when scammers impersonate someone you trust in an attempt to defraud your company.

Article
09/12/2024
How to detect and defend against business email compromise

Business email compromise happens when scammers impersonate someone you trust in an attempt to defraud your company. Learn how to spot and prevent BEC.

How to defend against corporate phishing attacks

How to defend against corporate phishing attacks

Fraud How to defend against corporate phishing attacks

Learn more about phishing, common types, and how to defend against attacks.

Article
09/12/2024
How to defend against corporate phishing attacks

Phishing attacks leave your business open to risk, especially if your team doesn’t know how to spot them. Learn more about phishing, common types, and how to defend against attacks.

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On-screen text: Strategic advice to combat business fraud

Audio: Upbeat music

Narrator: As a business owner, you know the importance of fraud prevention.

On-screen text: $8,300. Source: ACFE, Report to the Nations, 2022.

Narrator: With an average of $8,300 lost to business fraud every month, it accounts for 5% of all annual corporate revenue losses.

On-screen text: 5%. Source: ACFE, Report to the Nations, 2022.

Narrator: Fraud is one of the biggest threats to your finances, operations, and reputation. But what you may not realize is that the number one way in which fraudsters attack companies isn't through their tech, it's through their team.

Fraudsters learn about your employees and company and use that information to fool unaware workers. To help protect your company and its stakeholders, you need to tip the information balance in your favor by understanding their methods and your vulnerabilities, and keep your thumb on the scales so it stays that way.

To help, we're providing you the full measure of our fraud prevention experience.

The Truist Fraud Hub is your comprehensive resource to help safeguard against schemes and hacks. It provides topic-by-topic breakdowns of common scams, strategic security insights, and best practices for prevention to share throughout your company.

To fortify your security infrastructure, your Truist team brings proactive solutions and services like secure wire transfers to help prevent check fraud, secure payment solutions to prevent ACH and wire transfer fraud, and defense strategies to mitigate potential damages.

In the fight against business fraud, every victory is important, but no victory is final. That's because scammers are relentless. Halting them requires consistently adapting to their evolving tactics. Our Fraud Hub helps you gain the expertise to strengthen your defenses and secure your company's reputation and future.

Contact your Truist relationship manager or treasury consultant for more information on fraud protection.

Visual description: Truist logo

On-screen text: Truist. Copyright 2024 Truist Bank, Member FDIC

Audio: Upbeat music ends

Fraud

Insights to safeguard your business

Learn how the Truist Fraud Hub can help your company strengthen its defenses, safeguard against scams, and protect its reputation.

Frequently asked questions

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Whether in the physical or digital realms, it is the distortion or concealment of an important piece of information that’s used to manipulate team members or business associates into unknowingly taking actions that harm your company. 

A digital example is a phishing attack. This involves scammers duplicating or taking control of a company email account and then impersonating the owner to trick others into handing over access codes or ACH transfer info. A physical form of fraud is card skimming. It involves placing a lookalike receiver over the card reader slot of an ATM or point-of-sale device to gather corporate credit card details for future use. 

As a direct or indirect consequence of fraud, your company can suffer financial, operational, or reputational damage. For example, scammers can impersonate a business associate to trick team members into compromising your network security, then access and steal the stored credit card information of clients. This creates an immediate financial hit to your company and causes reputational damage with current clients who’ve been impacted—and potential clients. 

Two of the most prevalent forms of fraud are bank fraud and cybercrime. Forms of bank fraud include Automated Clearing House (ACH) fraud, check fraud, and card skimming. Social engineering fraud, phishing, business email compromise, and card not present fraud fall under the category of cybercrime.

Reports of fraud should be filed with the FBI, opens in new tab at tips.fbi.gov, opens in new tab or with their Internet Crime Complaint Center, opens in new tab(IC3). Additional resources at the federal level are the U.S. Department of Health and Human Services Office of Inspector General, opens in new tab and the Federal Trade Commission, opens in new tab—all of which also have teams devoted to combatting fraud. Depending upon where the fraud occurred, relevant state-wide law enforcement and state consumer fraud protection services, opens in new tab should also be contacted.

Commercial banking solutions designed with fraud protection features

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Connect with a Relationship Manager

Work with a partner who sees your vision and has the resources to help you achieve it. We’re ready to focus on the specific needs of your company—and where you are in your business lifecycle.

Existing Truist clients are encouraged to contact their relationship managers with inquiries related to commercial products and services.

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