According to the Association of Certified Fraud Examiners (ACFE), 5% of revenue is what the average business loses in any given year due to fraud, with a median loss of $117,000. And, small businesses with less than 100 employees had the highest median loss of $150,000. If you’re not taking active steps to detect and prevent fraud, you may be opening yourself up to that 5% loss and potentially much more.*
Bank of Marin is dedicated to educating you about how to prevent fraud on your accounts and to keeping your information and finances secure. The tips and tools we’ve provided in this guide will help you identify potential gaps in your fraud prevention activities and the steps you can take to protect yourself and your business.
As a business bank, we are committed to ensuring you have the right tools to keep your information and accounts secure. With the proper protections in place, you can sleep comfortably at night knowing that your business, and your money, are safe and sound.much trust in their employees, there are clear opportunities for small businesses and nonprofit organizations to increase their protection against fraud.*
Best Practices for Business Owners Fraud can be especially devastating to small businesses and nonprofit organizations. Whether it’s due to resource limitations, a lack of awareness, or a tendency to place too much trust in their employees, there are clear opportunities for small businesses and nonprofit organizations to increase their protection against fraud.*
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For additional information, visit our Security & Fraud Prevention Resources.