Even before COVID-19, brick and mortar business owners understood a basic concept: whenever people gather in close proximity, risk is present. As things start to re-open, there are actions any business owner can take to remove risk and eliminate potential for loss at any time.
It is estimated that over 3 trillion dollars moves via electronic transfer each day and while robust procedures are in place to prevent fraud opportunities, they still exist. Here we share some key actions employers can take to remove risk and eliminate potential for losses due to wire transfer fraud.
During these uncertain times surrounding COVID-19, employees want to feel that their employer is looking out for them. The first step in achieving this (while also keeping the cash registers ringing so that your strategic plan has a future) is with a wholistic understanding of the business risks. That is, surveying.