One out of every five small businesses has been victimized by fraud. Was it yours? We are very concerned about the rising costs of fraud on small businesses. In fact, members impacted by fraud tell us they lost on average $6,200 to scammers last year.
Through our research and conversations with members, we have determined there are five major types of fraud committed against small business.
As part of Fraud Prevention Month, the Competition Bureau of Canada published The Little Black Book of Scams to help you avoid becoming a victim of scams. Scammers will try to collect personal or financial information from you and your business using phone calls, in-person visits, e-mails, or software. The booklet provides hints on how to identify scams and contact information for reporting them to the correct authorities.