Did you know that 60% of small companies go out of business within six months of a cyberattack? (U.S. National Cyber Security Alliance) Or that the average small business spends $690,000 recovering from an attack? (Ponemon Institute)

The threats are real, and they're just about everywhere. Between bank fraud - illegally obtaining money or other assets held by a financial institution using false information or pretenses - and cybercrime, which is a catch-all term for any crime committed via the internet, businesses of all sizes are finding that they need to take steps to protect themselves.

Business owners can't afford to dismiss bank fraud and cybercrime as things that "can't happen" to them. Establishing preventive measures to mitigate risks is a smart move that could safeguard both their businesses and their reputations. 

Don't make the mistake of considering your company - small or large - out of reach of bank fraudsters or cybercriminals. Use our fraud risk assessment tool to determine your risk level. Upon receiving your results, you'll have the option to sign up for a free meeting with one of our Treasury Management Team Members who can set you up with the tools you need to ensure your business stays secure. 

Written by Investors Community Bank

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