As a small business owner, you work long and hard to make sure your business is successful. Small businesses are the most common victims of fraud at 31.8% according to the Association of Certified Fraud Examiners. That number is higher than any other business category. The truth is that small businesses are the most vulnerable because they often lack internal controls to curb the effect of scams on their bottom line. So, how can you protect your business from scammers? The first step is to identify the common red flags that accompany a scam and then educate your employees on how to spot them. Below we dive into one of the most common types – overpayment scams – and how to mitigate them.(more…)
The harsh weather conditions in January — cold winds, snow and ice — are a regular reminder that winter is here for a while in the Midwest. Over the next four weeks, I will share the best ways to protect your business, employees and customers in a four-part Winter Defense series.