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Fraud Could Be Costing You More Than You Think

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Protect Yourself from Identity Fraud with Digital Security When you read the word “fraud,” certain images come to mind: big businesses, financial firms, sketchy shell companies, pyramid schemes, slick hucksters taking advantage of a nonprofit— you get the idea. All of this seems very far removed from what you do as a small business leader. If your business deals directly with customers (like in retail or ecommerce), you might jump straight to something closer to theft, customers who try to buy from you using fraudulent methods or means. In reality, fraud affects more businesses more frequently than we tend to assume, including small businesses like yours. That’s because it takes forms most people don’t expect and catches small to midsize businesses unprepared. Small Businesses, Big Target It’s tempting to assume that fraudsters will only go after the biggest targets and the most lucrative paydays (like those big businesses and financial companies), not after smaller and “les...