6 Tips for Entrepreneurs To Save Their Business From Frauds

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Scammers are one of the biggest threat, especially for business owners. They are everywhere hunting for their next targets, and when they strike, they hit hard. 

The biggest targets have been unsuspecting business owners who usually get tricked and end up losing money. 

If you are operating a business, you should be very careful so that you don’t fall prey to these scammers. The good news is that there are several ways that you can avoid being scammed. 

In this post, we’ve rounded up some of the hacks on how you can avoid getting scammed. These are hacks that have been tried and found to work incredibly well. Read through this list and learn how you can keep your business safe from fraudsters 

  1. Avoid Answering Strange Emails

One of the mistakes you can commit as a business owner is opening strange emails. Most scammers usually use emails to lure and trick business owners to their traps. They will send you emails with lucrative deals or telling that you have won money. 

In most cases, they will provide you with hacking links, and once you click them, you will expose your entire business to hacking or install a nasty virus. With that, they will get access to sensitive information such as passwords, banking information, credit card, and so, which they will use to steal from you. So avoid opening strange emails but label them as spam and report. 

  1. Avoid Speaking About Credit Or Money Without A Lawyer

Fraudsters are very smart, and they can easily extort sensitive information about your business even without you knowing. One area that they pursue the most is about your business finances with the aim of getting your credit card number. 

So if you receive a call or someone visits your business wanting to discuss money and credit, decline their request. Asking them to speak to your lawyer. That will make them back off since they know your lawyer will request for a legal process which they cannot follow. 

  1. Proper Background Check Before Hiring
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Scammers will not only come from the outside but can also be part of your team. It is easy for scammers to send one of their own into your business to help extract crucial information that would lead to stealing from you. 

That is why it is important that you do an extensive background check on your employees before hiring. Check if they have been associated with fraud or any other criminal activities before. Check why they got fired by their previous bosses. What is their integrity? These are some of the key things that you need to consider before hiring. With that, you will prevent fraudsters from infiltrating into your business.

  1. Scrutinize Your Bank Accounts

Sometimes, fraudsters can get access to your information even without knowing. Probably, they hacked your credit card details in one of your shopping points. That is why it is important to keep checking your business bank accounts often for activities or charges that you never authorized. 

So if you notice any payment that you never sanctioned, you need to hire an expert to fix the problem. You should also alert your bank so that they can avoid further transactions. 

  1. Use Spokeo To Search Strange Numbers

One of the common tricks that scammers use is pretending to be certain government authorities, telecommunication service provider or your bank. That’s why most people end up getting scammed easily. 

But you can avoid this by doing a phone number search using Spokeo. With a proper reverse phone lookup, this app will provide all the information you need to know about the owner of the number plus their social media profiles.

So make sure that you have done a reverse number lookup before you can discuss confidential information about your business. This is an effective way of avoiding fraudsters. 

  1. Avoid Robocalls
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Robocalls have become increasing popular, and scammers are capitalizing on this to pounce on unsuspecting business owners. So what do you do about this? Well, hang up immediately you hear a recorded sales pitch on the other end. If possible, make sure that you have reported the number and block it. So if the sales pitch asks you to press 1 or any other number on your phone, please don’t but hang up. Blocking the number ensures that you will not receive calls from the same number. 

Conclusion

If you are operating a business, you should know that scammers are lurking around waiting for the perfect time to strike. What you need to have proper mechanisms to protect your business. With just a simple reverse number lookup with Spokeo can save your business from losing money from fraudsters.

Valerie Malecha is the content marketing manager for Spokeo. She is an experienced writer and editor. She creates articles on relations, dating, parenting, technology, travel and business topics.

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