Business Fraud Education

Protect your company. Train your team. Strengthen your defenses.

Businesses—large and small—are prime targets for cybercriminals and fraudsters. From wire fraud and fake invoices to phishing attacks and data breaches, the financial and reputational costs of business fraud can be devastating. That’s why First Reliance Bank is committed to helping our business clients stay informed and protected.

First Reliance Bank/Educations & Tools/Fraud & Security/Fraud Education/Business Fraud Education

Types of Business Fraud:

Business Email Compromise (BEC):

Criminals spoof or hack company email accounts to trick employees into sending wire transfers or revealing sensitive data.

Payroll and HR Fraud

Scammers impersonate employees or HR reps to redirect paychecks or access W-2s.

Vendor and Invoice Scams

Fraudulent invoices from fake vendors can slip through if processes aren’t in place.

Check Fraud

Stolen or altered checks can be used to withdraw funds or compromise your account.

Cyber Threats

Malware, ransomware, and phishing emails can target your business operations and customer data.

A person paying using First Reliance Bank card from Digital Wallet

How to Protect Your Business:

Educate employees on common scams and fraud red flags.
Establish strict internal controls for wire transfers and payments.
Use multi-factor authentication and secure passwords for all business accounts.
Verify any unexpected payment requests with a known contact via phone or in person.
Perform regular account reconciliations and monitor for unauthorized activity.

Incident Response Tips:

Contact your First Reliance Bank relationship manager immediately if you suspect fraud.
Alert your IT and legal teams.
File a report with local law enforcement or the FBI’s Internet Crime Complaint Center (IC3).

We understand that your business is your livelihood—and we’re here to help you protect it. From educational resources to fraud-resistant banking tools, First Reliance Bank partners with you to keep your company secure.

Let’s build a safer future
for your business—together.

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