Small business owner concern about fraud has continued to climb over the past two years—for good reason. In 2021, the number of businesses experiencing fraud rose 64% in a single year.Disclosure 1
Financial fraud—wire, check, and credit card fraud—is the most common, but cyberfraud, led by malware, phishing, and Business Email Compromise (BEC), has been growing annually at a 16% pace.Disclosure 1
Boost your fraud defenses
Steps to defend against fraud range from employee education to digital defenses. But some of the most valuable are tools provided by your financial partners. Check out our chart to see how.