While scammers often victimize individual consumers, criminals have found many ways to exploit unsuspecting businesses of all types. From small local shops to large corporations, scams affecting businesses range from stealing a business’s identity, exploitation of personal and sensitive customer data, to fraudulent invoices and false business registration and renewal scams.
No matter how simple or complex the scam, falling victim can have long-lasting and devastating effects on businesses. From financial woes, reduced customer base, to unintended legal consequences, understanding scams targeting businesses and taking precautionary measures to protect your business greatly reduce your chances of becoming a fraud victim.