Small-business owners have a lot on their plate, but fighting fraud should be a priority. Fraudsters often pretend to be someone you can trust and create a sense of urgency to act quickly. For example, a fraudster could compromise a business email and request a money transfer to a specified account often via a wire transfer. Once the wire is sent, the fraudster has the funds and it’s nearly impossible to recover.
Other common scenarios small-business owners may fall victim to include having their phone or computer compromised, their business checks stolen, or someone forging their signature on important documents.
