My name is Rhys, a first time dad blogging about my adventures and experiences of being a parent. [email protected]

How to avoid being a victim of business fraud?

Fraudsters and scammers are always on the lookout for vulnerable objectives. As an entrepreneur, you should be exceptionally careful so as not to fall prey to these merciless fraudsters.

Scamsters target organizations that get high business yields. It is understood that on average, organizations lose about 5% of their income to fraudsters. The report further states that a business community has to make significant losses on an annual basis because of scams and frauds.

Fraudsters don’t simply target huge organizations, they also target private companies. Insights have indicated that most cheats occur in private ventures that have under 100 representatives.

How to keep away from a business scam or fraud? This article focuses on insider facts on the best way to maintain a safe distance from business frauds or scams.

Following are the 4 secrets on how to avoid business scams:

Email Scams

Do you get messages from outsiders now and again? If you do then good advice to you is not to open or answer the emails since chances are that they are coming scammers or fraudsters. Rather, mark it as spam and report.

Most fraudsters lure you to tap on that email. If you click on a specific email sent from a fraudster, then the fraudster will have accomplished their objectives and that incorporates acquiring delicate data from your framework that they can use to dupe you.

They can introduce malicious software, computer viruses that can damage your whole framework. The suggestion is that you ought to never answer messages from outsiders. You can incorporate a framework that naturally blocks weird messages.

Money Talks

You need to abstain from speaking about money without a qualified attorney. It happens that whenever somebody approaches you and begins discussing matters concerning cash, you should tell the individual deferentially that you can just talk within the sight of your legal counsellor.

Fraudsters and scammers are canny and can extort significant data from you without your knowledge. You may present your credit card number to them without knowing.

If you have your legal counsellor, at that point the scammers will back off because they realize that you have somebody who can recognize strategies that they use to swindle clueless individuals.

Your legal advisor will guarantee that the lawful procedure is followed before any cash is paid. This implies if there arises an occurrence of misrepresentation, at that point you can undoubtedly get your cashback or the fraudster can be traced, followed, and imprisoned.

Background Checks

Before you recruit a worker to take a shot at your business, it is imperative to do an exhaustive record verification to know the individual that you are going to depend on your business. Most organizations that have been defrauded have conceded that they didn’t lead an exhaustive individual verification before recruiting certain staff.

Take as much time as is needed to lead a personal investigation to know where the competitor worked previously, his/her work-ethics or if the person has any criminal records among numerous others. Doing background verification before employing will guarantee that you just recruit honest people.

Phone Call Scams

We often get bizarre calls. Most of us don’t have a clue what to do to know the genuine character of the individual who has called. If that is the situation with you, at that point Spokeo has got you secured. This software platform is a people search engine that performs reverse phone lookup and email search that permits you to discover telephone number, email address, as well as messages of peculiar people for nothing.

If you utilize this tool, at that point you will never again have to worry about calls from fraudsters since this instrument could assist you with knowing their actual character. If you use Spokeo then the personality of the individual who is calling you will be uncovered instantly.

Apart from knowing the genuine personality of the individual, you will likewise become acquainted with other significant insights regarding the individual including his/her location and email because of the email lookup tool. Thus, you will come to know if the strange caller is really an authentic individual or is simply one more fraudster who wants to defraud your business.

You can use different cybersecurity apps to protect your website. Common cybersecurity apps include Nmap, Wireshark, Metasploit, Websecutify, etc.


As an entrepreneur, you should be cautious when managing individuals that you have almost no information about. Try not to talk about touchy issues about your business with an outsider and if you need to, at that point guarantee that your attorney is available. Additionally, use devices like Spokeo to uncover the genuine character of peculiar guests.