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If you are threatened, call your local police and the Canadian Anti-Fraud Centre. Contact the government authority directly to check your legal obligations. Calling 1 800 O-Canada (1-800-622-6232) or going to your provincial government's information line will get you to the right place.
Protect your business from fraud — What Canadian businesses should watch for. The best way to prevent your business from becoming a victim of fraud is for you and your employees to be informed and vigilant. Get to know the different types of scams and always report instances of fraud to the police, the Canadian Anti-Fraud Centre, or the ...
It can also impact your customers if your services are interrupted or their personal information is compromised. Fraud can ultimately hurt your reputation, your brand, and your bottom line, but there are steps you can take to protect your business. Myth 2: Scammers are obvious. Fact: Scammers can be very convincing, and they fool a LOT of people.
Scammers create a sense of urgency, intimidation, and fear. They want you to act before you have a chance to check out their claims. Don’t let anyone rush you to pay or to give sensitive business information. Scammers ask you to pay in specific ways. They often demand payment through wire transfers, cryptocurrency, or gift cards.
- Business Identity Theft
- Impostor Scams
- Business Lending Scams
- Fake Invoices and Payment Requests
- Fraudulent Service Offerings and Office Supply Scams
- Cyber Threats
- Fake Check Or Overpayment Scams
- Charitable Solicitations
- Business Email Compromise and Phishing Scams
Identity theft isn’t just a peril for individual people – businesses, too, can be harmed by scammers. Identity theft increased by more than 113 percent in 2020 as people fell on hard times, according to our analysis of Consumer Sentinel Network data. This type of scam typically occurs when someone poses as a decisionmaker at your company, making pu...
If someone calls you pretending to be from a government agency or another trusted entity, and proceeds to request sensitive information about your business, you may be on the receiving end of an imposter scam. According to data from the Consumer Sentinel Network, these types of crimes rose by 45 percentfrom 2019 to 2020. One particular scam, as rep...
If you’re in the midst of shopping around for a business loan, you should keep an eye out for deals that offer overly gracious terms. Business lending scams will often promise you outstanding rates, even if your company’s credit is subpar. But you’ll only get access to these dream loans if you pay an upfront fee — which the scammer will promptly po...
Larger companies are often targeted by invoicing or payment request scams. Why is that? If they’re very large, they’re more likely to pay out a request without giving it a close look because of the sheer volume of invoices they have to process. By the time you catch on, the scammer already has your money and is long gone. According to the Minnesota...
Some scammers represent themselves as legitimate companies offering business services or office supplies. You could place an order, believing you’re getting a great deal on a product or service, only to find the outfit you paid has no intention of delivering. These scams have become especially common in the wake of COVID-19. More employees are now ...
Analysis of Consumer Sentinel Network data showed that cyber threats were among the most reported internet crimes in 2020, rising by over 2000 percent from 2019. It should come as no surprise that, due to COVID-19’s impact on the economy, scammers increased their digital efforts against companies. Hackers often target businesses because they tend t...
According to the American Bankers Association, check scams are some of the oldest schemes in the book and remain fairly common to this day. They take the form of someone – be it a customer or someone posing as another business – paying you more than you’re owed via check, then asking you to pay back the difference. If this occurs and the payer requ...
Not every charitable request is for a good cause! Some scammers may take advantage of your company’s generosity and ask for a donation to a fundraiser or sponsorship opportunity that isn’t legitimate. They could also act as though they represent an established nonprofit when they’re really lining their own pockets. This type of scam is on the rise:...
Spam email remains a plague, and email phishing scams have been a menace for decades. If you get an offer on a business deal that sounds too good to be true, or receive an unexpected password reset request for one of your company’s accounts, you may be dealing with a scammer. If you do get a message that appears to be from a legitimate company, it’...
Sep 17, 2024 · To protect your business, always verify the authenticity of loan offers and never provide personal or financial information unless you are certain of the source's legitimacy. What to Do If Your Business Was Scammed. Report the Scam: Immediately report the incident to the Federal Trade Commission (FTC) at ReportFraud.ftc.gov. You should also ...
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Aug 9, 2023 · The most common types include credit card fraud, wire fraud and cheque fraud. 1. Credit card fraud. In 2021, 17 per cent of businesses experienced credit card fraud. As many companies both make and receive credit card payments, credit card fraud can have an impact in a few different ways. For example, when a credit card number is compromised, a ...
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related to: How do I protect my business from a scam?A Lost or Stolen Social Security Card Can Lead to Identity Theft. Safeguard Your Data. Millions Fall Victim to Identity Theft Every Year. Guard Yourself with LifeLock™.
