There are several types of fraud that can affect small businesses. Here are a few:
1. Identity theft: This is the most common type of fraud, and it happens when someone steals your personal information, like your name, address, and credit card numbers. ID thieves can use this information to open new accounts in your name or steal money from your accounts. to protect yourself from identity theft, always keep up-to-date information about your credit rating and always use secure passwords and PINs. Explore this link If you're interested in learning more about fraud prevention companies.
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2. Business email compromise: A business email compromise is when someone accesses your business email account without your permission and reads or sends emails from the account. This can ruin relationships with customers, damage reputations, and cost businesses money in lost advertising revenue. To protect yourself against business email compromise, use strong passwords for all business accounts, don't leave your login information lying around on coffee cups or sticky notes, and make sure you don't reply to spam emails from your business account.
3. Phishing attacks: Phishing attacks are when someone sends you an email that looks like it's from a trusted source like your bank or PayPal, but it actually contains malicious links that will take you to fake websites where you'll be asked to enter your username and password. If you get an email that looks suspicious, don't click any links in the message unless you're absolutely sure that it's from a trusted source. Instead, contact the sender directly to ask if they sent you the message and if so, how you can get rid of it.