Small Business Scam Alert

These scammers know there is much to take care of on a daily basis and they’re waiting on something to fall through the cracks, according to the BBB NW+Pacific.

The Better Business Bureau Northwest + Pacific is alerting small business operators about scammers preying on small businesses.

These scammers know there is much to take care of on a daily basis and they’re waiting on something to fall through the cracks, according to the BBB NW+Pacific.

To better protect small businesses, BBB NW+P has identified the riskiest scams that target small-business owners. Here’s what to watch for:

  • Credit Card Company Imposter Scam
  • Fraudulent Advertising Offer
  • Fake Invoice or Vendor Bill
  • Fake Check Scam
  • Tech Support Imposter Scam

It’s also imperative to become familiar with common tactics con-artists use. Among the most popular, 53 percent of business owners reported the scammer pretended to be someone they trusted, while 49 percent said the scammer created a sense of urgency.

The best defense to protect against scams is an informed workforce.

Train employees not to click unfamiliar links or open suspicious emails.

Create a culture of communication so that employees know they can ask if they’re unsure, rather than giving the green light to a charge or signing a check they should not have.

BBB NW+P offers these tips to small business owners:

  • Verify Invoices: Do not pay for a bill if you can’t locate where it came from or if the order was legitimate. Scammers rely on the fact you’re too busy to check.
  • Be Tech-Savvy: Know that caller ID, emails and websites can all be spoofed to look real when they’re not. Be careful when sending or sharing company information
  • Stay Secure: Having someone on your team, or a third-party vendor, that handles your cybersecurity is a must. For detailed information on cybersecurity, especially if cyber-insurance is right for you, head to the FTC website.

For more information on how each of the five small-business scams work or for inquiries to talk to a BBB-accredited, small-business owner in Portland, contact Better Business Bureau Northwest + Pacific's Marketplace Manager Danielle Kane, at 503-833-2301, or at danielle.kane@thebbb.org.

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