--- title: Protecting your Business From e-Fraud description: With the uptick of online hacking and financial fraud schemes, image: https://blog.goosmannlaw.com/hubfs/Firm_News/10936452_m.jpg --- [![Goosman Lawfirm](https://blog.goosmannlaw.com/hs-fs/hubfs/Goosmannlaw%20October2017/images/Goosmann_Law_Firm_logo_4C-white.png?width=1250&name=Goosmann_Law_Firm_logo_4C-white.png "Goosman Lawfirm")](http://goosmannlaw.com/) - [COVID-19 Toolbox](https://goosmannlaw.com/covid-19-resource-toolbox/) - Our Team - [Attorneys](https://goosmannlaw.com/attorneys/) - [Non-Attorney Staff](https://http://goosmannlaw.com/non-attorney-staff/) - Practices & Industries - [Practices](https://goosmannlaw.com/practices/) - [Banking & Finance](https://goosmannlaw.com/banking-finance/) - [Bankruptcy, Restructuring & Workouts](https://goosmannlaw.com/bankruptcy-restructuring-workouts/) - [Business](https://goosmannlaw.com/business/) - [Divorce & Family Law](https://goosmannlaw.com/divorce-family-law/) - [Employment](https://goosmannlaw.com/employment-law/) - 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Work with your financial institution. Ensure that you have “opted in” to security measures offered by your bank or other financial account institution.  2. Establish a system. If you have one person controlling your accounting and financial accounts, it is time for a change. Institute a dual monitoring system whereby your staff member can initiate a transaction, but you must formally approve disbursement of funds. 3. Create procedures. Every business should have procedures for in-house accounting and banking transactions.  A thorough audit of the procedures and transactions must be made on a regular basis. Ensure you have the appropriate malware and security systems on your server and each computer.  Sophisticated hackers are able to duplicate e-mail accounts and text messages.   Consider instituting a phone call-back procedure to ensure all disbursements to non-recurring accounts and vendors are legitimate.  Be wary of “urgent” messages and “links” e-mailed from business claiming to be your “bank” or your “service provider”.  This is a common way for hackers to quietly gain access to your computer, and ultimately your account information. 4. Train accounting employees. What are the accepted forms of communication for your business?  What are your regularly recurring bills? What are your transaction procedures? What are the consequences for an employee failing to abide by those procedures? Consider implementing fraud training on an annual basis. Being proactive is essential to getting out ahead of hackers.  Contact a Goosmann Law attorney for more information about protecting your business from e-fraud at [info@goosmannlaw.com](mailto:info@goosmannlaw.com) or the e-alert author at [baileyb@goosmannlaw.com](mailto:baileyb@goosmannlaw.com) [![CONTACT US](https://no-cache.hubspot.com/cta/default/489404/ec70fe7d-ad02-40c5-93ba-4800375ab6e9.png)](https://cta-redirect.hubspot.com/cta/redirect/489404/ec70fe7d-ad02-40c5-93ba-4800375ab6e9) ### Select Different CTA for each Post from Blog Editor [![New Call-to-action](https://no-cache.hubspot.com/cta/default/489404/a8cefc17-3b9d-4de0-89cd-e60a64752422.png)](https://cta-redirect.hubspot.com/cta/redirect/489404/a8cefc17-3b9d-4de0-89cd-e60a64752422) ### Subscribe Our Blog Thanks for submission!! - Recent - Popular ### Posts by Topic - [Firm News (250)](https://blog.goosmannlaw.com/firm-news/topic/firm-news) - [Business News and Insights (48)](https://blog.goosmannlaw.com/firm-news/topic/business-news-and-insights) - 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