How Small Businesses Can Stay Ahead
Small businesses have always been resilient, but a new threat is growing rapidly and itâs powered by artificial intelligence. From fake videos to fake invoices, online scams are becoming more sophisticated, and unfortunately, small business owners are now major targets.
At Rise, we stay on top of trends so we can help you not only grow but protect what youâve built. Here’s what you need to knowâand what you can do to safeguard your business.
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đĄ Whatâs Happening?
Scammers are now using generative AI tools to create highly realistic fraud campaigns. These aren’t the obvious email scams of the past. Weâre seeing:
– Fake websites and job postings that collect sensitive data from your team or customers.
– AI-generated voices or videos impersonating employees or executives.
– Phishing emails that mimic your branding or vendor communication style.
– Fraudulent invoices and payment requests that look legitimate.
These scams are fast, cheap to produce, and extremely hard to detect.
———————————————————————————————————–đ What You Can Do
You donât need to be a tech expert to protect your business. Here are 5 smart steps you can take right now:
1. Slow Down on Payments
Always verify vendor payment requests, especially if they arrive by email or text. If something feels even slightly offâcall to confirm. And donât call from a number provided, instead find a verified number via your own search.
2. Train Your Team
A short monthly team reminder or quarterly training can make all the difference. Empower employees to spot red flags and ask questions before clicking or paying.
3. Use Multi-Factor Authentication (MFA)
Turn on MFA wherever you canâemail, payroll systems, accounting software. It adds a simple but powerful extra layer of security.
4. Be Cautious With New Hires and Freelancers
Double-check applications and interview sources. Many scammers use fake credentials or identities to get access to systems.
5. Review Your Processes
Do you have checks and balances for approvals? Set clear rules for who can authorize payments, sign contracts, or access sensitive info.
———————————————————————————————————–đ You’re Not Alone
It can feel overwhelming to keep up with new threats, but you’re not in this alone. At Rise, we can help you implement strong internal processes and support your teamâs awareness. If youâre concerned about fraud exposure or want help setting up simple protections, letâs talk.
Stay smart. Stay safe. And as alwaysâRise above.
â The Rise CPA & Accountants Team