Following the recent viral story of the woman who lost $50,000 to a phone scam, the discourse surrounding scam prevention has been renewed. Unfortunately, stories like these are becoming increasingly common and are not only detrimental to individuals – but can be to businesses as well.
Below are five of the most common scam calls businesses face and how to avoid them:
The Fake Invoice Scam:
Businesses should implement robust invoice verification processes, regularly update vendor contact information, and educate employees.
Phishing Calls:
Businesses can protect themselves by educating employees about phishing tactics, implementing two-factor authentication, and verifying the legitimacy of unexpected calls requesting sensitive information.
Tech Support Scams:
Businesses can safeguard against these scams by providing comprehensive cybersecurity training to employees, using reputable antivirus software, and implementing strict protocols for granting remote access to IT systems.
IRS Impersonation Scams:
Businesses must recognize that the IRS does not initiate contact over the phone to demand immediate payment.
Social Engineering Scams:
Implementing a strong culture of cybersecurity awareness, conducting regular employee training, and establishing clear verification processes for sensitive information requests can help businesses mitigate the risk of falling victim to social engineering scams.
Conclusion:
Organizations must stay vigilant and proactive in educating employees about the most common scam calls. Creating a culture of cyber awareness is the best defense against any scam – which means businesses need to prioritize routine testing and training for all employees.
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