Corporate Account Takeover (CATO) often targets small to medium-sized businesses due to their limited cybersecurity measures. Once access is obtained, criminals can perform unauthorized transactions, steal sensitive information, or disrupt business operations which is one of the worst things that can happen to a business as there can be huge financial losses and even legal issues.
Criminals are always on the lookout to scam their next victim. Their goal is to get hold of your hard-earned money. So how do you avoid scams and theft while keeping your money safe? Here we will focus on the latest – mail theft, which sounds surprising with the rise of technology and online scams.
Safeguarding your organization’s funds is a top priority. If your business has more than $250,000 to protect, know that Core Bank offers IntraFi® Network Deposits. With Insured Cash Sweeps (ICS®) and Certificate of Deposit Account Registry Service (CDARS®), you can access multi-million-dollar FDIC protection by working directly with Core Bank.
Embedded payments are a powerful way to simplify payment processing, improve cash flow and elevate your customer experience. Here’s why they could be a smart addition to your business. Read more in the Payments Edition of the Quarterly Business Newsletter.
International Fraud Awareness Week is observed globally in the third week of November. This year, the event takes place from November 17–November 23 to raise awareness of fraud through fraud prevention campaigns and education.
Pam Spaccarotella’s journey is a remarkable testament to resilience and the power of a strong work ethic. From her early days with her father—a Marine and music professor who instilled in her the belief that no obstacle is insurmountable—Pam learned that perseverance is key.
This October is Cybersecurity Awareness Month. This time is dedicated for the public and private sectors to work together to raise awareness about the importance of cybersecurity.
Business payment fraud is increasingly prevalent, impacting companies of all sizes. According to the 2023 AFP Payments Fraud and Control Survey by JPMorgan, 84% of large businesses and 65% of smaller companies have encountered fraud. Read more in the Q3 Core Bank Newsletter.
When banking, you shouldn’t be left worrying about the money in your account and what it’s doing, leave that to the experts. At Core Bank, we use a wide array of fraud prevention tools designed to keep your money safe.
Health Savings Accounts (HSAs) have emerged as a popular and effective tool to finance healthcare expenses, empowering individuals to make informed decisions about their health without worrying about the financial burdens of medical bills.
We’d love to see your smiling face in person, but we know that your banking needs happen 24 | 7 | 365. Feel free to bank from your couch, your office or a beach somewhere warm.