How Can You Protect Your Business by Matthias Siems

Posted 2 years ago in BUSINESS.

Suppose you're suddenly contacted or threatened by someone pretending to be from a government agency or a trusted company.

How Can You Protect Your Business by Matthias Siems

How Can You Protect Your Business by Matthias Siems From Fraudsters And Report A Business Scam?

The best thing to do is to stop and verify if this is authentic. If you find that they are scamming, you. Matthias Siems says you should report a business scam.

  1. You should act and report a business scam immediately. It is sometimes difficult to do if someone calls you and offers threats. They take an extra step and give you time to review or details. Those actions will help you determine that the message or call may be fraudulent.
  2. Contact the organization or government agency on your own to confirm whether they've contacted you or not. Please use the contact information provided by the organization from a reliable information source, such as their website. Do not use the contact information given by the person calling you or in the email unless you've verified the accuracy of the information.
  3. Matthias Siems says do not respond to threatening emails or voicemail messages asking you to contact someone. If you choose to do so, fraudsters could increase their intimidation and attempt to steal your cash.
  4. Don't ever send money or give your bank account information and credit card details to anyone you don't know. Any other personal or business details to people you don't know or trust, particularly on the phone or email.
  5. If a supplier or customer contacts you, alter their delivery or payment information. You should contact the authorities to confirm this request. A lot of small-scale business owners were taken in by scammers. They have sent fake billing scam emails that have led to the business making huge payments to scammers believing they were their suppliers.
  6. Ensure that a government institution or a trusted business will never require payment through unconventional methods, such as gift cards, iTunes card wire transfers, bitcoin, etc.
  7. Do not open suspicious messages in text or pop-up windows, open attachments, or click on links. Just erase the messages.
  8. Do not grant the computer with remote accessibility. If you've received contact from a sudden phone call or pop-up window, you should contact the authority.

1. Directories For Businesses:

This fraud involves the business that is published and electronic directories or websites. There are instances where you receive official-looking documents from trade directories. They ask for information such as your address, email, or other contact information. They may look like advertisements for free listings. However, a tiny print can cause you to pay hundreds of pounds to get an entry. 

2. Unsolicited Goods:

Matthias Siems says sometimes, scammers will offer uninvited products to businesses, and they'll issue an invoice after a set period. The items are typically consumables but of low quality, and prices are too high. 

A variant of this scam is when a scammer provides legitimate goods. However, they later claim an error was made and that some items are to be delivered. The business could accept the remaining products' sale and receive certain vouchers or other items to cover the mistake. The items do not come with an invoice, and the company may decide to use the items. Then they receive an invoice for a large amount. Even if they dispute the invoice, they are instructed to pay.

3. Scamming Invoices And Fake Invoices:

Matthias Siems says one of the most common scams is that there is no prior contact. Fake invoices are sent to a company. These invoices could refer to goods that aren't there as well. Fake advertisements or services in magazines are made. Even though this scam can be very unpredictable, many victims willingly pay the bill without hesitation.

4. Leasing Frauds:

Matthias Siems says the type of fraud usually involves the personal visit of an agent for sales. The business targeted is forced to sign a contract. It covers purchasing services and goods as part of expensive leasing equipment.

The Kind of Product Could Comprise:

  1. Telecommunications equipment.
  2. Computer equipment.
  3. Photocopiers.

The services could be related to equipment use and maintenance or repair.

The initial prices seem appealing. However, the consumer is misled about the length of their contract. It is common for them to be in long-term lease contracts. These contracts are costly to get out of and end with substandard goods or equipment.

5. Services That Are Not Necessary:

Another potential area of fraud is the provision of services concerning the requirements of regulatory agencies. A lot of businesses require licenses and approvals. They also need to file annual reports and tax returns with the official bodies as an official requirement.

Matthias Siems says the simplest and most economical method to comply with these regulations is to contact the entity in question directly. There is usually no cost for contacting and registering information. 

Many scammers will not only provide a paid service, but these companies create the impression that they're doing it through an official avenue. They can write official-looking letters referencing legislation or penalties and request details and payments. You and your employees must have complete knowledge about it. You must be able to catch them and report all those business scams.


Jack Ryan

Living in United States