Milwaukee, Wis. – Scams can impact every business, regardless of location, size, or industry. But they are especially a problem for small businesses. Local businesses and start-ups often don’t have the cybersecurity support or established accounting processes of larger companies. This can make them more vulnerable to scams.
Fortunately, knowledge is the best protection. If you own or work for a small business, be sure to stay informed about these common scams and report them if your business is targeted.
Common small business scams:
Business Email Compromise (“BEC”). Business email compromise fraud is an email phishing scam that typically targets people who pay bills in businesses, government, and nonprofit organizations. It has resulted in more losses than any other type of fraud in the U.S., according to the Federal Bureau of Investigations.