PROTECTING YOUR
BUSINESS FROM
FRAUD; A GUIDE
ABV SOLICITORS
Worried your business wil l come under attack by scammers or
fraudsters?
In this article, the best ways to prevent your small business from
becoming a victim of fraud are highlighted by a fraud solicitor.
TRAIN EMPLOYEES
Your employees are the backbone of your organisation and as such,
they need to be trained in how to prevent your business from fal l ing
into scams.
There are many courses avai lable to send your employees on to help
them identify scams and if necessary, you can ask a fraud solicitor for
the most relevant ones for your business type.
VERIFY PAYMENTS AND INVOICES
Be sure to check all invoices and never pay for a service or stock unless you
are 100% certain that it was ordered. Once again, having a fraud solicitor to
advise on stocks and checks can be invaluable here to prevent losses because
of scammers.
To further prevent errors, limit the number of staff who are responsible for
checking or signing off on payments and also be aware of how any company
asks you to pay for their services or products.
If it is via a wire transfer, reloadable card or gift card, then it is likely a scam
and should be reported to a fraud solicitor as soon as possible.
Caller ID has become commonplace, but any fraud solicitor worth their sale
will tell you not to trust it at face value.
To protect your small business against fraud, it is important to be tech savvy
or to hire a tech-savvy team. This includes being able to identify phishing
emails, phone calls and in some cases letters, alongside keeping online
passwords and files encrypted, thus reducing the chances of them being
hacked and financial information being leaked.
If you need help setting up a more robust system to protect your business
financial information, contact a fraud solicitor for more advice. Security
checks are by far the easiest way to prevent fraud!
BEING TECHNICALLY ADEPT IS A
BONUS!
KNOW YOUR CLIENTS AND PARTNERS
Before doing business or trade with a company, go onto a sear