© 2017 Regions Bank.
PROTECT YOUR SMALL BUSINESS FROM FRAUD
© 2017 Regions Bank.3
REGIONS FINANCIAL FUNDAMENTALS
This information is general in nature and is not intended to be legal, tax, or
financial advice. Although Regions believes this information to be accurate, it
cannot ensure that it will remain up to date. Statements or opinions of individuals
referenced herein are their own—not Regions'. Consult an appropriate
professional concerning your specific situation and irs.gov for current tax rules.
© 2017 Regions Bank.
PROTECT YOURSMALL BUSINESS
[Add your name and title here]
35 Minutes
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© 2017 Regions Bank.
1. What are the ways fraud can happen to your business?
2. How can you protect your business and yourself?
AGENDAToday we will focus on these big questions . . .
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This information is general in nature and is not intended to be legal, tax, or financial advice. Although Regions believes this information to be accurate, it cannot ensure that it will remain up to date. Statements or opinions of individuals referenced herein are their own—not Regions'. Consult an appropriate professional concerning your specific situation and irs.gov for current tax rules.
© 2017 Regions Bank.
protectyourself
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© 2017 Regions Bank.
72% 71% 71% 73% 71%68%
61% 60% 62%
73% 74%
0%
10%
20%
30%
40%
50%
60%
70%
80%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
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FRAUD IS A PREVAILING THREAT…
Nearly three-fourths of organizations have been victims of fraud.
© 2017 Regions Bank.
REVENUE LOSS
CHECKS MOST
VULNERABLE
UNDETECTED FOR
18 MONTHS
LOSSES IMPACT YOUR
BOTTOM LINE
INVOLVE EMPLOYEES
Typical loss due to fraud = $20,300
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EDUCATION IS THE KEY TO PREVENTION
INTERNAL CONTROLS
VENDORS
FUNDS TRANSFER
REVENUE LOSS
E-MAIL AND
MALWARE
PRIVATE INFORMATION
FRAUD TRENDS
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BOOKKEEPER FRAUD Hits Small Businesses Harder
I DESERVE
THIS
FINANCIAL PRESSURE RATIONALIZATIONOPPORTUNITY
© 2017 Regions Bank.
Joe is 40 and is a bookkeeper for a real estate company. He has worked there for 10 years and has sole responsibility for the company finances including payroll. If you need a check for something…go to Joe. He is a hard worker and never takes a vacation and feels no need for an assistant. He is so committed to his job that he often spends his lunch hours negotiating with new and existing vendors. Joe is often complaining that he does not make enough money and may have to pull his daughter out of private school. He recently threw a big party for the boss at his large house in a gated community and some of the other managers began wondering how he can afford such a lavish lifestyle. An investigation revealed that Joe had stolen over $50,000 to pay his creditors and give himself a hefty raise.
MEET JOE
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preventbookkeeper fraud
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bestpractices
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Cyber Attacks Businesses Are Targets
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Cyber Attacks Where are the bad guys?
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Cyber Attacks Methods of Attack
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Phishing emails
Banner Ads
Social Networking
Probing
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HOW CYBER ATTACKS ARE CARRIED OUT
COMMAND AND CONTROL SERVER
CLIENT
ROOT KIT
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HOW CYBER ATTACKS ARE CARRIED OUT
COMMAND AND CONTROL SERVER
CLIENT
ROOT KIT
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HOW CYBER ATTACKS ARE CARRIED OUT
MALWARE
CLIENT
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HOW CYBER ATTACKS ARE CARRIED OUT
THIEF
CLIENT
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HOW CYBER ATTACKS ARE CARRIED OUT
CLIENT
iTreasury is currently down; please try again in 15 minutes.
THIEF
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HOW CYBER ATTACKS ARE CARRIED OUT
THIEF
CLIENTLOGON
CREDENTIALS
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HOW CYBER ATTACKS ARE CARRIED OUT
BANK ACCOUNT
THIEF
$
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HOW CYBER ATTACKS ARE CARRIED OUT
BANK ACCOUNT
THIEF
$
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BANK ACCOUNT
MONEY MULE
HOW CYBER ATTACKS ARE CARRIED OUT
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bestpractices
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What can you do within the next 24 hours to help protect your business from fraud?
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© 2017 Regions Bank.
CONGRATULATIONSToday, you will leave with:
The ways fraud can happen to your business
How you can protect your business and yourself
Thank you.
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© 2017 Regions Bank.
Learn More About Meeting Your Financial Goals
Make an appointment with a Regions banker:
Call the Regions Green Line at 1-800-REGIONS
Go to regions.com and click “Make an Appointment”
Visit any Regions branch
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Visit the Regions Financial Learning Center for free, online interactive videos: Regions.com/learn
Use our online resources including articles, videos, and calculators:
Regions.com/insights
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