If you have an e-commerce shop, you know that keeping your online store safe from fraud and scams is critical to business. Vigilant digital security is more important than ever in order to protect your company and customers. In the post-COVID world, attempted fraudulent purchases increased by 69% in 2021 alone.
Unfortunately, there’s no one-size-fits-all solution to keeping your business safe from these threats. Small business owners need to take a variety of precautions to protect themselves.
As a business owner you have options and measures you can take to reduce the risk of fraud and scam attacks against your business.
What Is an Online Scam?
Simply put, an online scam is when someone tricks you or your business out of money on the internet. They are usually facilitated by cyber criminals and can range from credit card to identity theft.
Online scams have been around for a long time, but have spiked as a result of the increase in online sales due to COVID-19, as many small businesses were forced to rapidly create an e-commerce gateway to their stores due to restrictions. At the start of the pandemic, the FBI went as far as cautioning the general public against hackers and scammers.
Some scammers go as far as using social engineering tactics. These attacks use scare tactics to prey on users or employees to hand over confidential and sensitive information.
What Is the Importance of Staying Safe Online?
Business owners tend to store personal information on their computers, such…
