Preventing fraud from costing your company can sometimes seem like a game of whack-a-mole: Squash one scheme and another one pops up. Business service scams are particularly abundant. Fraud perpetrators know that business owners don’t always have time to verify the identities of salespeople or service reps and the legitimacy of their claims.
Your best defense is to refuse to pay anyone anything until you’ve ascertained the facts. It also helps to know what schemes are popular with criminals. Here are several to watch for.
Unfortunately, this list represents only the tip of the iceberg. Fraud perpetrators are constantly looking for new ways to defraud businesses, so it pays to be skeptical of sales offers and delinquent bill claims until you can research them. If you’re looking for a vendor, ask trusted professional advisors or fellow business owners for recommendations.