Cybercriminals see small businesses as easy targets. They assume small business owners are too occupied with doing so much on their own, or they don’t prioritize cybersecurity as much as large companies do. Whatever their assumptions, cybercriminals constantly evolve their tactics, trying to steal data and money from small businesses. Here are five common scams to be aware of with tips on how to protect your business.
Scammers send fraudulent invoices that appear to come from legitimate vendors or service providers. Most common fake invoices include office supplies, domain hosting services and directory listings. Make sure your entire staff (not just your accounting department) are familiar with your list of vendors. If it looks like a vendor you use but you don’t recognize the charge contact the vendor directly to verify details.
This is a deceptive practice where businesses are contacted with offers for prestigious-sounding awards in exchange for a fee. These awards have no actual merit and are designed purely to obtain money from companies. If you suspect this scam, research the company. Reputable awards do not typically require payment for recognition.
AI’s ability to mimic company emails with accuracy has really made phishing tactics dangerous and difficult to identify. Scammers send emails that appear to be from legitimate organizations, such as banks, government agencies, or colleagues. The emails often contain links to fake websites designed to capture your credentials. When reading an email from a new sender always double-check the email address and look for unusual domains or misspellings. Do not click on any links or download attachments from an unknown or suspicious source.
BEC happens when cybercriminals pretend to be a high-ranking official within the company to request fund transfers or sensitive information. Also called “CEO Fraud” businesses can protect themselves by using email authentication protocols like DMARC and putting strict communication channels in place to verify transactions.
Phony tech support agents may contact you via phone, email or pop-up message claiming that your computer security has a problem. They’ll offer to fix the problem for a fee. If given remote access, they will be able to steal information or install malicious software. If this ever happens, hang up or disconnect and call your IT provider with your regular contact information. Never grant remote access to unsolicited tech support calls or emails.
By implementing security precautions, small businesses can reduce their risk of falling victim to such scams. ICC can help keep your data and devices secure. ICC can put a comprehensive plan in place that includes network security, email security, and quality control reviews. If you are missing one piece of the pie, you may be putting your business at risk and not being fully efficient. Contact us to get started with a consultation.
August 15, 2024
