Protect Your Business from a Scam

When scammers go after your business or non-profit organization, it can hurt your bottom line. Here are three ways to prevent scams from affecting your operations.

Train Your Employees and Volunteers

Your best defense is an informed staff. Train employees not to send passwords or sensitive information by email, even if the email seems to come from a manager. Explain to your staff how scams happen and encourage them to talk with their coworkers if they suspect a scam.

Verify Invoices and Payments

Make sure procedures are clear for approving purchases and invoices and ask your staff to check all invoices closely. Pay attention to how someone asks you to pay and tell your staff to do the same. If someone demands that you pay with a wire transfer, cryptocurrency, or gift cards, don’t pay. It’s a scam.

Know Who You’re Dealing With

Before doing business with a new company, search the company’s name online with the term “scam” or “complaint.” Read what others are saying about that company. Ask people you trust for recommendations.

Learn more about small business scams: check out Scams and Your Small Business: A Guide for Business | Federal Trade Commission

If you think you may have experienced a scam on your small business, contact us today.