The Better Business Bureau is urging small businesses to stay vigilant against scams, particularly through email. Scammers are targeting small businesses in various ways, including through fake invoices. One Kansas City, Mo., business reported falling victim to a scam where they received a phony invoice for IT work that had been outsourced.
Small businesses should be cautious when receiving communication from government agencies as they may feel pressured to act quickly, putting their finances and security at risk. To avoid this, Josh Planos, Vice President of Communications and Public Relations with the BBB advises small business owners to inquire about billing cycles, terms and conditions, and contact information when signing up with new vendors. By being proactive and cautious, businesses can protect themselves from falling victim to these types of scams.
Billing scams can occur at any time of year; however, Planos pointed out that the end of the year is particularly vulnerable for businesses due to budgeting cycles. Small business owners should remain alert and informed during this time to prevent falling for scams targeting their finances and information.
To avoid billing scams, small business owners can follow tips provided by the BBB such as conducting background research on new vendors, verifying the legitimacy of invoices, and seeking clarification on any unfamiliar charges. By remaining cautious and informed, businesses can protect themselves from financial losses and potential security threats posed by scammers.
