How To Keep Your Business Safe From Fraud

An important part of running a business is keeping it safe. This includes from fraud. Simply put, it’s best to remain cautious. If it doesn’t feel right, it probably isn’t. Be smart with who you share information with and why. Here are five easy ways to combat fraud:

  • Use reputable software

Dropping a few extra bucks is worth the extra security. Find a safe, reliable, and trusted software. Take the time to do research before investing your time, energy, and information into a software that leads to issues.

  • Pay the safest way

Be smart with your payments. If it doesn’t feel right, it likely isn’t. Your credit card is the safest way to pay for online purchases because it leaves a paper trail. If any issues arise, you can immediately call your credit card company and have the mystery charge removed.

  • Check your credit card statements and credit reports regularly

Checking your credit card statements on a regular basis ensures you’ll catch any sketchy activity and can fix it as soon as possible. Reference your expense log to see if the two align. And, yes, you should have an expense log!

  • Fully understand the offer

Ask questions. Make sure you understand what’s expected before agreeing to an offer. If they can’t give you a straight answer, it’s likely a scam. A legitimate seller will fill you in on all the details of their product/service.

  • Guard your personal information

Be smart with how you share your personal information. Avoid emailing your credit card or bank account information, and you should never give out your social security number. Hackers disguise themselves as companies emailing you to confirm your personal information. If this is a legitimate company you have a relationship with, they should already have your information in their records.