- Original Poster
- #1
Business owners may appreciate a thread on frauds and scams to watch out for to understand how they work and therefore what steps to take to protect the funds in their bank account.
The use of business debit cards for example can prove a means for a fraudster to access a business account and make significant transfers before the debits are noticed.
Or sim-swap fraud - there's a lot of that happening where business owners are valuable targets.
So what precautions can one take? What would happen if you lose your phone or it is stolen and a scammer simply pops out your Sim card and puts it in their phone? Will a Sim password help?
So it might be useful for business owners to exchange their stories from personal experience about fraudulent methods and scams and provide solutions for the benefit of other business owners.
The effects of fraud are devastating on a business and personal level and will often leave victims distraught.
The use of business debit cards for example can prove a means for a fraudster to access a business account and make significant transfers before the debits are noticed.
Or sim-swap fraud - there's a lot of that happening where business owners are valuable targets.
So what precautions can one take? What would happen if you lose your phone or it is stolen and a scammer simply pops out your Sim card and puts it in their phone? Will a Sim password help?
So it might be useful for business owners to exchange their stories from personal experience about fraudulent methods and scams and provide solutions for the benefit of other business owners.
The effects of fraud are devastating on a business and personal level and will often leave victims distraught.
