Financial crime is everyone’s business

24 Jul 2020

This article is provided by Westpac, Strategic Partner of Hospitality New Zealand.


Why it’s important to create a culture of crime awareness in your business.


As businesses work towards strengthening their IT defences, fraudsters are starting to focus more on compromising people rather than systems. All it takes is one staff member (or even the CEO) to click a link in a phishing email or miss the red flag in a payment request and your business could lose a lot of money or suffer reputational damage. Empowering your people to understand the tactics fraudsters use – as well as regularly reviewing your fraud defences – will give you the best chance of preventing financial crime.


How the latest scams work and tips to protect your business.


Read more about the common types of scams Westpac are seeing – from the past-due invoice scam, payroll payment fraud and the gift cards for clients scam. All types of businesses are being targeted, so it’s worth taking a few minutes to understand these new threats and the steps you can take to protect your business against them.


[Find Out More]


You can also take advantage of great rates as part of the Hospitality NZ Westpac banking package. To find out more visit their website, email Westpac New Zealand at member.info@westpac.co.nz or phone them on 0800 177 677.


Important things to know:


This content is intended for information purposes only and you should use your own judgment regarding how such information should be applied in your own business. Westpac makes no warranty or representation, express or implied, regarding the accuracy of any information, statement or advice contained in this material. Westpac recommends you seek independent legal, financial and/or tax advice before acting or relying on any of the information in this document. All opinions, statements and analysis expressed are based on information current at the time of writing from sources which Westpac believes to be authentic and reliable. Westpac issues no invitation to anyone to rely on this material.


Hospitality New Zealand (Hospitality NZ) acts as a referrer of Westpac New Zealand Limited’s (Westpac) products and services only. All services are provided by Westpac (or its third party providers), not by Hospitality NZ. Hospitality NZ is not a representative of Westpac and accepts no legal responsibility for any advice given by, or any act or omission of, Westpac. Hospitality NZ may receive revenue (for example, a referral fee) as a result of referrals made by Hospitality NZ to Westpac. If you require further information about our relationship, please feel free to contact Westpac or Hospitality NZ.


 

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