Protect Your Nonprofit From Bank Fraud

Originally published on November 15, 2023

In the latest edition of Kickin’ it with Corinne, we delve into the alarming rise of bank fraud in the nonprofit sector, focusing on the prevalent issue of check tampering. With 35% of nonprofit fraud cases involving check tampering, it’s crucial for organizations to take proactive measures to safeguard their finances.

We offer expert advice on transitioning to electronic deposits and payments to minimize the risks associated with physical checks. Additionally, we discuss the importance of using services like Positive Pay for those who still need to issue checks.

But even in the absence of physical checks, the threat of hacking looms. That’s why we also cover robust password policies and the benefits of using password management software like LastPass.

Watch now to learn how to fortify your nonprofit against these financial threats and ensure the security of your organization’s funds.

Key Tips Covered:
*Transitioning to electronic transactions
*Using Positive Pay for check security
*Implementing robust password policies
*Utilizing password management software

#NonprofitSecurity #BankFraudAwareness #ElectronicPayments #CheckTampering #PositivePay #Cybersecurity #PasswordSafety #LastPass #NonprofitManagement #FraudPrevention

MORE TIPS LIKE THIS ON YOUTUBE
**************************************************************
🔴 Subscribe: http://bit.ly/40P3sR2
👟 Kickin’ It With Corinne Playlist: https://bit.ly/3tGGJLr

MORE NONPROFIT ACCOUNTING TOPICS LIKE THIS ONE
**************************************************************
🌎 James Moore Nonprofit CPAs and Advisors: https://www.jmco.com/industries/nonprofit/
🤝 Nonprofit Accounting Articles on JMCO.com: https://www.jmco.com/articles/nonprofit/

SOCIALIZE WITH US!
***************************************************************
⁠📹 YouTube: https://www.youtube.com/@JamesMooreAndCo
💼 LinkedIn: https://www.linkedin.com/company/james-moore-and-co
🖒 Facebook: https://www.facebook.com/JamesMooreAndCo
🐦 Twitter: https://twitter.com/JamesMooreAndCo