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.

Need more help with your business? Check out some of our free educational courses:

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!

Share:

You may be interested in...

Goombays Grille & Raw Bar Joins First Bank We’re proud to welcome Kill Devil Hills landmark restaurant Goombays Grille & Raw Bar to First Bank. Goombays has been an island hot spot since 1992 and recently changed ownership in March 2023. The vibrant chartreuse and aqua building matches the excitement that Goombays new owners, Tony Sipe and Chris Miller, have for their Kill Devil Hills, NC establishment. First Bank SBA Business Development Officer, Chase Zabriskie, was instrumental in securing the funding that Tony and Chris needed to purchase Goombays from its original owners. Commitment and diligence from everyone involved resulted in a custom SBA financing solution that fit Tony and Chris’s unique needs as first-time business owners. “Chase was so invested in our success that we started to think of him as one of our partners. Chris and I have already referred other friends to First Bank and their SBA program, and we will continue to do so. First Bank and Chase will be the first phone call we make when we are ready for our next project.” – Tony Sipe, Goombays Grille & Raw Bar Co-owner “Quite a few hurdles were jumped along the way. I became not only their trusted banker but a friend who was there to encourage them to keep trying even when it seemed like there was no longer a way forward. Using both our SBA 7a and 504 products, we were able to piece together a creative financing structure that fit the needs of both our borrowers and the sellers. We closed in March 2023 and I was right there with them at the closing table.” – Chase Zabriskie, First Bank SBA Business Development Officer The Goombays Grille & Raw Bar menu is a crowd-pleasing assortment of seafood, shareable appetizers, and menu staples like burgers, sandwiches, and salads. There’s something for everyone and all ages are welcome. Even their cocktail menu is inclusive — all Goombays bartenders are trained on how to transform their island inspired cocktails into non-alcoholic mocktails. We hope you’ll join us in welcoming Goombays to First Bank! As a result of our ability to secure their business financing, Tony and Chris chose First Bank to also be their primary banking partner. They utilize our SBA 7a and 504 products along with multiple Business Elite Accounts, and Business Credit Cards. We’re proud to offer custom financing solutions to help our neighbors pursue their goals and dreams. For anyone considering an SBA loan, get in touch with our First Bank team of SBA Experts. Navigating SBA programs can be difficult if you’re unfamiliar with the programs. Chase offers the following advice: Identify Your Goals: Take time to share as much information as possible about what goals you are looking to achieve through SBA financing. Consult With An Expert: Your First Bank SBA expert can guide you through the process and make recommendations for how best to go about structuring your financing. Start Early: Getting ahead of the game on any potential SBA hurdles is the key to keeping the process smooth and efficient. Having an early conversation and choosing the right lender can be the difference in how quickly you get to the closing table. To celebrate our First Bank partnership, the Goombays team sent us this Blueberry Mai Tai mocktail recipe. Cheers! 4 min read

Bank Accounts for North Carolina Businesses If you’re running a business, you want to make sure your finances are in good order. First Bank* offers North Carolina businesses the bank accounts and merchant services tools needed for success. Financial Services at First Bank First Bank is headquartered in North Carolina and boasts over 80 locations across the Tar Heel State. We got our start in the town of Troy, NC, back in 1935. With an array of business bank accounts and other services, we make it our business to help yours. First Bank has multiple business checking options and business savings accounts. A First Bank account was named one of the “Best Bank Accounts for Small Businesses” in 2019. North Carolina businesses utilize First Bank merchant services for operations including online payments, payroll direct deposit, and more. Put your business in the hands of First Bank can increase efficiency, satisfy customers, streamline operations and elevate your bottom line. Start by comparing our business bank account offerings, and contact your nearest First Bank location for more information. First Bank’s Business Bank Accounts Not all businesses are alike, nor are all business bank accounts. At First Bank, we are proud to offer multiple types of business checking and savings accounts so every company can find the financial foundation it needs. Business Checking Accounts in North Carolina Business Essentials If you are self-employed or own a small business, a Business Essentials account may be right for you. This basic account was named one of the “Best Bank Accounts for Small Businesses” by WalletHub in 2019. Business Interest Why not get a little more out of your business earnings? Our Business Interest account offers all of the same features as the basic Business Essentials, while also allowing you to accrue interest on your account. Business Advantage If your business processes a higher volume of transactions, the Business Advantage account might be a good fit for you. Commercial Analysis Larger organizations need more financial resources and that’s where our Commercial Analysis account comes in. In addition to the basic features of Business Essentials, you’ll also have access to custom programs for your large business needs and can offset service fees with a monthly credit that is earned on your balance. Business Savings Accounts in 12 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

Finding Success Amidst Uncertainty: Lessons from Anne Till Navigate business ownership’s unknown risks with confidence. Here are 3 pieces of advice from Anne Till, owner of Anne Till Nutrition Group, to help you thrive as an entrepreneur. 4 min read

Defeat the Fraudsters: Protect Yourself Against Account Fraud

Ready to talk to an expert?

Ready to talk to an expert?

You may be interested in...