Business Fraud
Internet fraud is defined as an illegal scheme to steal personal information or obtain financial support from an unsuspecting individual without providing those services intended.so here are 9 ways to protect your business :
1-Check your bank accounts and Companies House records for irregularities, on a regular basis.
2- Reconcile bank statements and company credit card statements meticulously and regularly.
3- Encourage employees, customers, suppliers and business partners to report anything unusual.
4- Be aware of registration of new domains that are similar to yours.
5-Set guidelines and processes for who can place orders on behalf of the company.Take up references for, and consider vetting new employees and contractors.
6-Perform credit checks on new customers and check their contact details for authenticity.
7-Respond to payment card chargeback requests promptly.
8-Set strict credit limits.
9-For unknown customers with no transaction history, insist on cleared payment being received before goods or services are supplied.