Defeat the Fraudsters: Protect Yourself Against Account Fraud

Account takeover fraud is a form of identity theft where a fraudster gains access to a victim’s accounts and personal information. They can then use the information to perform a number of different fraudulent acts, including transferring funds, modifying personal information, and adding other “authorized” users. Combating this type of fraud requires understanding and action steps to make sure your business or organization is not at risk.

Download our checklist to help ensure you are decreasing your risk of account fraud.

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Contact the First Bank Business Support team to learn more about what First Bank can do to keep your business protected. Suspect fraud? Give us a call immediately!

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Business Spotlight: Little Black Dressing Video

Business Spotlight: Little Black Dressing Co. Kissie Stroup started High Point-based Little Black Dressing Co. simply to “provide something for [her] family” but it has become so much more. The dressing is now carried in supermarkets across the region and was even the official dressing of the 2014 U.S. Open in Pinehurst. Video Transcript Kissie Stroup: I think my grandmother passed onto us taking care of the household. Families don’t do that anymore. You know, they’re off to baseball and then they’re off to football and they’re off to tennis or they’re at dance and the home life now seems to have lost its family orientation. And that’s what I think she did. She, and my mom, provided that for us. And that’s what I wanted for my kids. It’s a lost art. Stroup: I am Kissie Stroup and I started a food business called Little Black Dressing. We produce four flavors of refrigerated, all-natural salad dressing. I just wanted to provide something for our family. You know, my husband’s worked hard, the fabric furniture industry was not good during there in the crash seven years ago, and I thought to myself, “What can I do?” Stroup: I don’t have anything that anybody else really has, and I think that’s the key. You’ve got to give them something different. Food seems to be the thing that you come back to. You entertain, you eat around the table…it seems to be when we’re the happiest and when everybody gets along. So, we gathered around food. Stroup: I’ve had a lot say it’s the best dressing they’ve ever eaten and it’s because its fresh and its different. It’s unique. I’ve got four different flavors and I don’t do anything like the other flavors that you see in the refrigerated salad dressing section. Stroup: Why would I want to compete with those large companies? I don’t. I don’t want to. I want to do something different. I’m going to give you what I grew up eating and they’re unique, they’re different. Success: Is it making a lot of money? Because I’ve yet to do that. Is it that’s it’s in every grocery store in the nation? I don’t know. I don’t know what the success of it is. I feel successful that I 3 min read

Financial charts, calculator, pen and money on a table

Bookkeeping: Do it Yourself or Hire a Professional? Small businesses learn to make the most of the resources they have. As an entrepreneur, you're used to wearing multiple hats. When it comes to bookkeeping, accounting, and tax preparation, however, it may be time to take a step back. 3 min read

4 Questions to Ask Yourself as a Business Owner As a business owner, there are an endless number of questions you could be asking yourself to keep your business on the right path. Here are four questions that successful business owners consider when planning for the future: Am I setting SMART business goals? How can I invest in my staff? What are the strengths, weaknesses, opportunities, and threats of my business? What does growth look like for my business? Download our printable questionnaire to help you brainstorm ideas for your business as you read this article. 1. Am I setting SMART business goals? Every entrepreneur has aspirations for their business. That’s the easy part. Achieving those goals is where it gets tricky. Have you heard of the SMART acronym? Goals that are Specific, Measurable, Achievable, Relevant, and Timely ensure that you will be more successful in accomplishing them. Think of your SMART goals as the road map to your success. Giving yourself a specific and measurable direction will help to hold yourself accountable. Outlining achievable goals that are relevant to your business will ensure you are moving your business in the right direction, and having a set timeline will encourage you to stop dragging your feet and get moving! Set your own SMART goals Here is an example to get you started: Increase our total number of Instagram followers 15% by the end of the second quarter Social media is a powerful tool for your business. A growing social media community can correlate to a growing bottom line for your business. More followers could mean more potential customers and deepening relationships with current customers. Additionally, your business gains credibility and a competitive edge against other businesses in your industry. Specific Increase how many followers you have on Instagram by 15%. Clearly define the goal and what needs to be achieved clearly and concisely. Avoid broad statements. Measurable Increase in followers from 5,000 in the first quarter to 5,750 in the second quarter. Determine how the goal will be measured so you can track the progress. Establish specific metrics, either something quantitative, a numeric value that can be assigned; or qualitative, based on its overall quality. Achievable You already have someone on staff managing your social media and keeping up 8 min read

Business Spotlight: Chris Gilder of Meridian

Business Spotlight: Meridian From concept to completion, Meridian specializes in the design, engineering, fabrication, assembly, integration, staging, deployments and support of self-service kiosks. 2 min read

Defeat the Fraudsters: Protect Yourself Against Account Fraud

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