If you own a small business, a lot of hard work and dedication has kept your business strong and successful. But when your small business is targeted by a scammer, you risk reputation damage and income loss — so what can you do? Your best protection is to learn the signs of scams that target small businesses.
Be watchful of these scammer tactics:
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Scammers pretend to be someone you trust — using a trusted government agency or a company you are currently connected to.
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Scammers create a sense of urgency — rushing you for payment before you can check their claim.
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Scammers use intimidation and fear — convincing you of a terrible consequence if you do not do what they are demanding.
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Scammers use untraceable payment methods — requesting payment by reloadable cards, gift cards, wire transfers, or cryptocurrency.
Read more about these scams and others at FTC.gov/SmallBusiness.