Keep your business safe from email fraud

Email scams come in all shapes and sizes. One that’s on the rise is the use of email invoices to commit email fraud Email Fraudand extortion. Companies big and small can be targeted and it can happen in a number of ways:

  • An email account is hacked and then it’s used to send invoices that look like the real thing but contain fraudulent bank account numbers.
  • A phishing email is sent to gain access to information like your username and passwords, credit card details, and bank account numbers.
  • You’re sent a bogus invoice email containing links and/or documents that deliver malicious software to your device, such as ransomware or password stealers.

To protect yourself and your business, be sure to look out for:

  • Incorrect grammar and spelling. Emails with basic errors can be a giveaway.
  • Any emails from an address that’s different than usual.
  • Any emails that ask for personal information that the sender should already have.
  • Emails calling for urgent action such as, “Your bank account will be closed if you don’t respond right away.”
  • Any emails that say you’ve got an invoice or a parcel waiting from a company you don’t deal with.

If you receive any emails like this, don’t click on any links or attachments. If you want to check if something’s legitimate contact the company through the URL you normally use or call them. Better to take the time and be safe.

Xero has put together an email fraud guide with more details on everything above. You can also watch a video on phishing scams and what to look out for.

Share these with your team so you’re all aware of how to keep your business safer online. Also talk to us about low cost cyber security options for your business.

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