At First National Bank, protecting your financial security is our top priority. As digital threats evolve, we want to provide you with actionable steps to safeguard your accounts against ACH and wire fraud.
Key Prevention Strategies
Key Prevention Strategies
- Verify Verbally: Always confirm requests for new or changed payment information by calling a trusted, known contact at the company. Never rely on email requests or phone numbers provided within an unverified email.
- Implement Dual Control: Require two authorized individuals to approve every ACH or wire transfer to ensure no single point of failure.
- Utilize Protection Services: Take advantage of tools like ACH Positive Pay or account filters and blocks to review and approve outgoing transactions.
- Monitor Daily: Review your statements and set up real-time alerts to detect unauthorized activity as early as possible.
- Secure Your Infrastructure: Maintain updated anti-malware software and firewalls and train your staff to recognize phishing attempts and social engineering.
Watch for Warning Signs
Be alert to fraudsters who use a sense of urgency to bypass verification. Other red flags include unprompted, last-minute changes to bank account details or subtle discrepancies in email addresses and invoice formats.
Questions? We’re here to help.
If you have any concerns or need assistance setting up protection services, please contact our Digital Commerce team:
Phone: 800-564-3195 Ext. 2777
Email: DigitalCommerce@thefirst.com
Be alert to fraudsters who use a sense of urgency to bypass verification. Other red flags include unprompted, last-minute changes to bank account details or subtle discrepancies in email addresses and invoice formats.
Questions? We’re here to help.
If you have any concerns or need assistance setting up protection services, please contact our Digital Commerce team:
Phone: 800-564-3195 Ext. 2777
Email: DigitalCommerce@thefirst.com