Small Businesses Must Demand More from their Banking Relationship

Many Small to Medium-Sized Businesses (SMBs) rely on their bank for all their checking and credit needs. But could they be doing more? A recent study by J.D. Power discovered only 37% of small business banking customers believe their bank appreciates their business, and 32% say their bank understands their business. A strong relationship is one built with trust and communication, and the same goes for your relationship with your Financial Institution (FI). Your small business banker is not only there to ensure your business credit line is open and your cash flow is managed. They can also be a trusted advisor, helping you safeguard your business, your assets, and your employees from identity theft and cyber threats. Continue reading

Risky Business: The Hidden Costs & Impact of Business Data Breaches

Data Breaches Become Business-As-Usual

With the volume and velocity of data breaches increasing year-over-year, it’s safe to say no business is safe. Now is the time to be prepared for the myriad of threats to personally identifiable information (PII) – that your business has on employees, customers, partners, vendors – essentially all of the data that runs the business.

Data breaches are often not easily contained (Equifax) nor can their impact be viewed as trivial. Let’s take a closer look at the impact of today’s data breaches upon businesses of all sizes.

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