By LIDDIE MARTINEZ
President, Los Alamos Region
Enterprise Bank & Trust, Member FDIC

As we approach the end of 2022, now is the perfect time for small business owners to create a fraud prevention plan for the upcoming year.

According to Accenture’s State of Cybersecurity study, 43 percent of cyber attacks are aimed at small businesses, but only 14 percent are prepared to defend themselves.

As small businesses are less likely to have robust systems in place to help prevent attacks, it’s important for business owners to stay on top of fraud prevention planning. Our collection of fraud prevention resources can help business owners learn about the latest fraud trends, tools and solutions through free educational resources like blog posts, reports and even a podcast. 

One way small business owners can minimize loss or disruption of payments is by utilizing our positive pay service. This automated fraud detection solution allows you to monitor checks processed for payment against your account and reject unauthorized transactions before losses occur. 

Another preventive measure to consider is enrolling your employees in a fraud training course. Although the investment in time and possible funding may be hard to prioritize, fraud training can potentially save you hundreds of thousands of dollars in the long run.

The financial safety and security of our small businesses is crucial to the tight knit community and economic infrastructure of Los Alamos. I hope our local business owners consider exploring the many fraud prevention tools we have to offer. I wish all of our clients and community members a safe and happy holiday.