7 Simple Ways New Business Owners Can Protect Against Scams

By Jen D., March 5, 2019

Owning a business is a dream come true for many. However, in today’s technologically advanced world, protecting your business and livelihood are crucial to the longevity of your success. Using the safety tools of the past are a start, but savvy business owners also learn how to protect their businesses from scams.

The threat from the web, as well as online scammers and hackers, is ever increasing. While the government cannot provide you with reverse searches as Social Catfish can, the United States does have a national Small Business Administration to help educate the public.

According to the experts, there are invaluable steps your business can take to prevent scams. Here’s what you need to do for your business today!

How New Business Owners Can Protect Against Scams

Passwords

Your company doesn’t only need passwords on all devices and systems; it also needs a password protocol. Opt to use methods which only allow complex passwords, require regular password updates, and that utilize security questions and encrypted passwords. Changing employee passwords every 60 to 90 days may sound frequent, but in terms of security, it is necessary.

Background Checks

You make the final choice about who you hire, but background checks can be a useful tool. Requiring a background check can help alleviate fundamental security concerns with new employees. It will let you know their criminal background so that you can make an educated decision – in advance of new hires.

Email Protocol

Do your employees know that they should not open downloads from unsolicited emails? If they have a USB drive sent to them, do they know not to insert it into their computer? Have email protocols and make them the rule, not the exception.

Anti-Everything

Make sure that you invest in necessary (or upgraded!) security upgrades. At a minimum, you should use antivirus software and malware/spyware detection. This cannot curb all hacks, but it can help limit their likelihood.

Financial Restrictions

Restrict who has access to your banking and financial information. If you can, restrict access to one computer which isn’t used for regular day-to-day communication or social media accounts.

Separate Accounts

Do not mix your personal and business banking in one account. Having a specific business banking account will make it easier to notice fraudulent transactions and track fees.

Communication

Educate your employees on the risks of hacks and scams and what to look for. If you encourage this form of open communication, they are more likely to alert you if something goes wrong.

Are you wondering if your company’s images are being used by online thieves? Keep your business safe. Try Social Catfish’s reverse image search, and see if anyone is stealing your business materials!