The impact of fraud and scams on small and medium enterprises can be detrimental. Many struggle to recover from the severe financial and reputational damage caused.
The most common ways criminals target businesses is through CEO scams and invoice and mandate scams.
In a CEO scam, criminals impersonate your boss or a senior manager to convince you to make an urgent payment outside of your business’s internal procedure.
Invoice and mandate scams occur when criminals pose as regular suppliers and convince you to change their existing bank account details.
Take Five helps you to confidently challenge any requests for your business’s personal or financial information or to transfer money to a criminal’s account. It focuses on financial frauds directly targeting your business.
To help your business stay safe from fraud and scams, Take Five to Stop Fraud urges you to follow our campaign advice.