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Justin Pritchard

Your Role in Fraud Prevention

By , About.com GuideAugust 26, 2011

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Protecting your bank accounts may be second nature to you -- you avoid phishing scams, use antivirus software, and so on. But you may want to step it up and take a more active role in fraud prevention.

A study from TD Bank shows that customers are a bit too relaxed when it comes to banking security, and sometimes they pay a price for it. Sure, regulations may protect you from losses as a result of fraud, but you'll still have a major headache on your hands. Wouldn't it be easier to prevent the problem?

Stakes are especially high for businesses. Business accounts don't enjoy all of the same protections you get as an individual consumer. You may have to absorb losses, even if you think the bank should've done a better job.

Taking a more proactive approach to fighting fraud doesn't just help the bank -- you benefit as well.

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