Layered Defense Strategy
Layered defense strategy
Learn how BB&T is working to protect you against electronic fraud.
What do you think the odds are of your business being hit with payments fraud? One in 1000? One in 10? Think again.
A recent survey found that nearly 2/3 of businesses experienced attempted or actual payments fraud. That's right. More than 6 in 10 with losses ranging from tens of thousands to millions of dollars. And the threat of cyber attacks is increasing.
Criminals are using highly sophisticated malware that can go completely undetected while it accesses your business bank accounts and steals critically sensitive information causing direct financial losses, lost productivity, a damaged reputation, and more. This is no longer about fixing a single vulnerability at a time. This is about being ready to confront cyber threats by having an all round stronger, smarter defense. This is a layered defense strategy from BB&T.
Layered Defense provides a range of key features that are recognized industry best practices for protecting financial accounts from fraud. With all of the components of layered defense working in concert you get a three tiered comprehensive safeguard against cyber threats. You get multi-level authentication for logins and approving payments. You get secure web browsing with easy to install software. And you get an advanced security platform to set user entitlements, payment limits, and how notifications are received.
As your partner in building the best defense program, BB&T will help you incorporate our proven security protocol into your business. We'll help determine the best combination of safeguards that still allow your operations to run smoothly. What's more, our layered defense system will evolve as cyber criminals change their tactics.
We'll work with you every step of the way to make implementing a cutting edge layered defense strategy fast and simple. Coupled with your vigilance and sound business practices the result is a stronghold in the fight against fraud. Together is how we win.
You can secure your business against cyber threats by partnering with BB&T's teams of experienced industry experts. Learn more about how you can take control of your company's defense strategy today or have one of our treasury management specialists contact you by clicking the Contact Us button here.
The information provided is not intended to be legal, tax, or financial advice. BB&T hopes you find this information useful but we cannot guarantee that it is accurate, up to date, or appropriate for your situation. Financial calculators are provided to assist you in estimating the approximate costs associated with any bank activity. Your actual costs may vary. You should consult with a qualified attorney or financial advisor to understand how the law applies to your particular circumstances or for financial information specific to your personal or business situation.
Branch Banking and Trust Company, Member FDIC.
New York City residents: Translation or other language access services may be available. When calling our office regarding collection activity, if you speak a language other than English and need verbal translation services, be sure to inform the representative. A description and translation of commonly-used debt collection terms is available in multiple languages at www.nyc.gov/dca.
Branch Banking and Trust Company is now Truist Bank. Learn more.
BB&T and SunTrust have merged to become Truist. Both institutions will continue to offer independent product lines for a period of time. This may include differing underwriting guidelines, product features, terms, fees and pricing. Our friendly teammates at your local SunTrust branches will be happy to walk you through their respective products. You can also learn more by contacting them at 800-SUNTRUST or SunTrust.com.