As technology continues to evolve, so do the methods used by fraudsters to target businesses. From phishing scams and business email compromise (BEC) schemes to unauthorized transactions, the risks are real and growing. That’s why it’s more important than ever for business owners to take proactive steps to safeguard their finances, and taking advantage of modern technology is one of the most effective ways to accomplish that.
Why Technology Is Essential in the Fight Against Fraud
Fraud can happen in an instant, but detection may take days, weeks or even months if you’re not using the right tools. Unfortunately, many businesses still rely on outdated methods to monitor their accounts, such as reviewing paper statements at the end of each month. This delay can be costly. In some cases, waiting too long to report fraudulent activity can limit your ability to recover lost funds or dispute unauthorized transactions.
By incorporating digital tools—such as online and mobile banking—into your daily business operations, you can dramatically improve your visibility into account activity. These platforms provide real-time access to balances, transactions and alerts, giving you the power to spot and respond to suspicious activity before it becomes a larger problem.
How Busey Bank Can Help Protect Your Business
At Busey, we understand the challenges business owners face when it comes to preventing fraud. That’s why we offer a full suite of online and mobile banking solutions designed to help you monitor and manage your accounts anytime, anywhere.
Our digital banking platform gives you immediate access to your account information, including transaction history, statements and available balances. You can set up customizable alerts to notify you of large transactions, low balances or unusual activity, helping you act quickly if something doesn’t look right.
In addition to monitoring capabilities, our fraud protection services offer an added layer of security. Features such as Positive Pay help detect check and ACH fraud by matching issued checks or authorized payments against what’s being presented for payment. Any discrepancies are flagged for your review and approval. We also provide multi-factor authentication and secure login tools to ensure only authorized users can access your accounts.
Don’t Wait—Take Action Now
The unfortunate reality is that no business is too small—or too large—to become a target for fraud. Criminals often look for vulnerabilities, and businesses that are not actively using digital tools to monitor their finances can become easy prey.
If your business is not yet using online or mobile banking, now is the time to make the switch. The convenience and control it provides can be the difference between catching a fraudulent transaction early, or finding out too late to do anything about it. It’s a simple step that can make a major impact on your financial security.
At Busey, we’re here to help. Our Treasury Management team brings a wealth of expertise and experience to the table, offering tailored solutions designed to enhance your organization's security. To learn more about how Busey can help you safeguard your business, visit busey.com/treasurymanagement.
If you are already a Busey customer, please contact your Busey Relationship Manager or Treasury Management Specialist with any questions or for additional details on our fraud protection solutions. You can also check out Busey’s Fraud Prevention FAQs in order to learn more about how to protect yourself, your information and your business from fraudulent activity.