In the age of the internet, cybersecurity should be made a top priority. This is especially true for businesses, which are high targets for fraudulent parties looking to scam for business assets.
Research Common Scammer Tactics
The internet provides plenty of information about scams, imposters, and fraudulent products and services. There are entire websites dedicated to checking the validity of companies. One of the best ways to learn more about an entity is to use search engines like Google to check an email or phone call offer. You can add search terms like "scam," "reviews," or "complaints" to narrow down your research efforts. Don't respond to robocalls, automated phone calls issued by telemarketing companies. These calls are often illegal, selling fraudulent products or services. Also, be wary of sending money before receiving a product or service. Some scammers like to use free trials to collect your credit card information and assign you fees that you didn't agree to.
Human Error Remains the #1 Vulnerability
Phishing is one of the most popular tactics for scammers; this strategy involves the gathering of sensitive information from the employees of the targeted business. Phishers will use email spoofing, fake websites, disguised phone calls, or instant messaging to lure out information. When it comes to businesses, frauds will try to obtain passwords and credit card details. To combat these phishing attempts, train your employees to be aware of these tactics and avoid them. Learn how to spot fraudulent offers and learn what questions to ask people that approach you with opportunities. If an employee spots a fraudulent attack on your company, that employee should report it to superiors and to law enforcement officials if necessary.
Use Skepticism in Looking at All Offers
Some scammers like to pose as trustworthy figures: government officials, charities, or companies that you may want to do business with. Do your due diligence before accepting an offer or exchanging details with an unknown entity. Do your research and hire a lawyer who has experience with business deals.
If you are still worried about your business running into fraudulent offers, you can still take extra precautions to protect your assets. Business owners hire cybersecurity defense firms all the time to ensure protection against scam attempts. Cybersecurity professionals have expertise in researching companies, learning fraudulent tactics, and then relaying those tactics to business employees.
There’s a lot to think about with IT, so let us help you keep it all covered!
Justus Daniel Eapen is a policy level Organizational Transformation Consultant with over 25 years experience in Banking & Government.