Financial security is paramount for every small business, and this episode focuses on protecting payroll from the rising threat of fraud, a crucial component of sound accounting services. We explore two major types of scams: sophisticated email phishing targeting payroll administrators with requests to change direct deposit information, and hacking employee self-service accounts to reroute paychecks, often to easily accessible fintech bank accounts for quick withdrawal. Listeners will receive practical financial advice on strengthening defenses, including the importance of mandatory multi-factor authentication (using text or an authenticator app over email), verifying changes via phone call, and recognizing red flags like requests using financial jargon (like "ACH") or oddly split direct deposit percentages.
 
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