OUR BLOG

Starting a business is an exhilarating journey, filled with a blend of excitement and challenges. Among these challenges, setting up a stable banking relationship might not seem immediately critical, but it’s a cornerstone of long-term success. For startup founders, navigating business banking effectively in the first year is essential for keeping financial transactions organized and […]

In today’s digital-first world, the cybersecurity landscape is constantly evolving, especially for high-risk businesses that manage sensitive financial data. Basic cybersecurity tips—such as keeping software updated and using strong passwords—are essential, but they are no longer sufficient for businesses in industries like finance, healthcare, and e-commerce. High-risk businesses need more advanced measures to protect themselves […]

With the holiday season approaching, the excitement of shopping and gift-giving is in the air. Unfortunately, it’s also peak season for cybercriminals looking to take advantage of the increased online activity. From phishing scams to account takeovers, the holiday season brings a variety of risks. By taking a few proactive steps, you can protect your […]

In today’s digital landscape, businesses face a rising threat from cyberattacks, with the consequences of a single cybersecurity breach often stretching far beyond immediate data loss or system downtime. While much attention is placed on direct costs—such as data recovery and legal fees—the hidden impacts on business banking relationships and access to capital are often […]

Securing government contracts can be a significant opportunity for small businesses, especially in Nevada, where the state government actively supports local entrepreneurs. Despite the potential benefits, many small business owners remain unaware of the processes involved in obtaining these contracts. This article provides practical tips for navigating the often-complex landscape of government contracting, giving businesses […]

In today’s unpredictable economic landscape, businesses face a myriad of financial challenges that can impact their stability and growth. With rising inflation, fluctuating consumer demand, and supply chain disruptions, maintaining financial resilience is more crucial than ever. Business owners must adapt to these changes and find effective strategies to manage their finances. Understanding Economic Uncertainty […]

As a small business owner in Southern Nevada, managing your finances efficiently can significantly impact your bottom line and tax bill. One tool that often goes underutilized is the business credit card. Not only can these cards streamline how you manage your business expenses, but they also offer opportunities for valuable tax deductions. In this […]

As the world becomes more interconnected and reliant on digital platforms, businesses—especially those in Southern Nevada—must remain vigilant against cybersecurity threats. Lexicon Bank understands the importance of safeguarding your business. In this report, we dive into the key trends from 3rd quarter of 2024 and provide actionable insights to help your business stay protected. Emerging […]

As a small business owner in Southern Nevada, you’ve likely heard about the increasing importance of cybersecurity. In today’s digital landscape, protecting your business from cyber threats isn’t optional—it’s essential. But how much should a small business spend on cybersecurity? Striking the right balance between protecting your data and staying within your budget can be […]

Every day, thousands of people fall victim to fraudulent emails, texts and calls from scammers pretending to be their bank. And in this time of expanded use of online and mobile banking, the problem is only growing worse. In fact, the Federal Trade Commission’s report on fraud estimates that American consumers lost a staggering $10 […]

It should come as easily as airline safety, so buckle up for this one. Despite the fact that check use has declined by 25%, reports of check fraud have soared. In fact, they’ve nearly doubled since 2021. Criminals are becoming more sophisticated and finding new ways to steal your financial information to gain access to, […]

Navigating the world of banking can feel overwhelming at times. With so many terms and acronyms, getting lost in the jargon is easy. One term you’ve likely come across is FDIC insured. But what exactly does it mean for you and your bank deposits? Let’s break it down. What is FDIC Insurance? The Federal Deposit […]