Beware of an increase in fraud; here's what to look out for...
Posted on in Business News , Cycles News
Members
across the Independent Retailers Confederation (IRC) have reported an increase in scam emails and fraud attempts experienced by retailers.
Spotting suspicious messages
Spotting scam messages and phone calls is becoming increasingly difficult. Many scams will even fool the experts. However, there are some tricks that criminals will use to try and get you to respond without thinking. Things to look out for are:
- Authority - Is the message claiming to be from someone official? For example, your bank, doctor, a solicitor, or a government department. Criminals often pretend to be important people or organisations to trick you into doing what they want.
- Urgency - Are you told you have a limited time to respond (such as 'within 24 hours' or 'immediately')? Criminals often threaten you with fines or other negative consequences.
- Emotion - Does the message make you panic, fearful, hopeful or curious? Criminals often use threatening language, make false claims of support, or tease you into wanting to find out more.
- Scarcity - Is the message offering something in short supply, like concert tickets, money or a cure for medical conditions? Fear of missing out on a good deal or opportunity can make you respond quickly.
- Current events - Are you expecting to see a message like this? Criminals often exploit current news stories, big events or specific times of year (like tax reporting) to make their scam seem more relevant to you.
ACT and ActSmart partner Global Payments have provided a couple of handy guides that aim to provide you with some popular hints and tips for identifying potential fraud to help you protect your business. Click on the buttons below to download each guide.