How Businesses Can Join Their Banks In The Fight Against Fraud

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How Businesses Can Join Their Banks In The Fight Against Fraud

//business-finance.news-articles.net/content/202 .. join-their-banks-in-the-fight-against-fraud.html

Published in Business and Finance on Monday, March 10th 2025 at 13:01 GMT by Forbes
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Here's how businesses can graduate from education and awareness to meaningful action that protects their moneyâ€”and empowers their banks.

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The article from Forbes Technology Council, published on March 10, 2025, discusses how businesses can collaborate with their banks to combat fraud. It highlights the increasing sophistication of fraud schemes and the necessity for businesses to adopt proactive measures. Key points include the importance of real-time transaction monitoring, the use of advanced analytics and AI to detect anomalies, and the implementation of multi-factor authentication. The article also emphasizes the need for regular communication and information sharing between businesses and banks to stay ahead of fraudsters. Additionally, it suggests that businesses should educate their employees about fraud risks, implement stringent internal controls, and leverage bank-provided tools and services designed to enhance security. The overarching message is that a partnership approach, combining the technological capabilities of banks with the operational insights of businesses, is crucial in effectively reducing fraud risks.

Read the Full Forbes Article at:
[ https://www.forbes.com/councils/forbestechcouncil/2025/03/10/how-businesses-can-join-their-banks-in-the-fight-against-fraud/ ]