Business Fraud Protection: Tips to Ensure You Don’t Get Scammed

After a year of tremendous challenges, small businesses are optimistic about their ability to bounce back and grow in 2021, according to the Capital One Small Business Confidence Survey. While much of the 2020 global epidemic was focused on 2020 and the expectation of economic relief, businesses need to ensure that they are protecting themselves from additional risks, namely fraud. In a recent survey conducted by the Association of Certified Fraud Examiners (ACFE), 90% of respondents say they expect fraud to increase in the next 12 months.

This could be a fake message claiming that your small business trademarks are expiring, or “customers” are requesting fake fee refunds from credit card companies. It can also be internal fraudulent employees. Whatever it is, small businesses are easy targets for criminals who believe that small companies do not have appropriate preventive policies to recognize fraud.

If you are a victim of a fraud scam, it is necessary to immediately report the incident to the Feder