While the number of checks used to pay for personal or business expenses continues to go down every year, paper checks are still the most popular method of payment for business transactions in the United States.
Ordinarily, I tend to pass along articles that are geared more toward helping individual consumers identify and prevent fraud. But the truth is, businesses are just as vulnerable – and in many cases, more so. The following piece – "What to Do If You're Billed for an SBA EIDL Loan You Don't Owe," by Rosario Méndez of the Federal Trade Commission – is a timely and important read that can help you protect your operation from schemers seeking to exploit those who've received business relief from the government.
With the immunization effort now in full swing throughout Wisconsin, many are eager to schedule an appointment to get their vaccine shot. That eagerness, though, can leave people vulnerable to fraudsters. The following article – "Spotting a Vaccine Phishing Scam: Can You Find the Red Flags?," from the National Cybersecurity Alliance– spotlights a couple of common phishing attempts, and the tell-tale signs by which they can be identified.
On the heels of National Consumer Protection Week, this article – "Caught In a Bad Romance," by Jim Kreidler of the Federal Trade Commission – is a timely reminder that scammers target and prey upon the most vulnerable, and often most trusting, members of society. In this case: the emotionally vulnerable. The old adage holds true: If something or someone seems too good to be true, it probably is.
Last week was Identity Theft Awareness Week – a time, every year, for us to refresh our knowledge of the various ways that schemers take advantage of unsuspecting victims, and to reassess our overall level of preparedness in guarding against attacks. The following article from the Consumer Financial Protection Bureau – "What You Should Know About Tech Support Scams," by Lisa Schifferle – is timely, and contains plenty of useful information that can help you stay safe against scammers.
Every business needs to be mindful of operational risks associated with threats of external and internal fraud. Criminals have taken full advantage of the process disruptions caused by COVID by exploiting the vulnerabilities of remote-work environments, targeting payment-approval mechanisms, email schemes, and government loan programs.
With COVID limiting their ability to shop for holiday gifts in stores this season, many turned to an old, familiar standby: the gift card. If you're entering the New Year with a stockpile of digital credit to throw at your favorite retailers, there are a few things to keep in mind, from a security perspective. The following article from the FTC – "Gift Cards Top Scammers' Wish Lists," by Emma Fletcher – contains good information for anyone seeking to avoid becoming another fraud-related statistic.
The holidays are a time for celebration, reflection, and (this year, socially distanced) togetherness. Unfortunately, for scammers, they're also the ideal time to prey upon unsuspecting consumers. To keep you and your loved ones fraud-free this year, we're sharing the following evergreen article – "10 Things you Can Do to Avoid Fraud," from the FTC – in the hopes that it will resonate with you.
For many years, we have been told by business analysts that paper checks would go the way of the typewriter, replaced by electronic payments and other more efficient ways to settle transactions. Clearly, this has yet to happen. In fact, checks are still the most popular payment method for transactions among U.S. businesses, according to a 2019 study by the Association or Financial Professionals.
Yesterday, the country awoke to the welcome news that we may be one step closer to a potential game-changing vaccine, in the fight against the coronavirus. Getting there has required numerous clinical trials, and the fact remains that new cases continue to surge across the continent and, indeed, the world.