March is Fraud Prevention Month.  

 

Kathleen Cook, Director of Provincial Affairs for the Canadian Federation of Independent Business says that businesses - not just individuals - can fall prey to fraud, too.

 

Here she shares some of the types of fraud with which businesses contend.

 

“There’s a few. One of those is business grant and loans scams and that’s a type of fraud that’s sort of on the rise since the start of the pandemic. There’s credit card fraud that most people are familiar with. There are many other types of scams that targets businesses specifically. For example, false invoicing, office supply scams, directory fraud and then, of course, there is internal workplace fraud as well.”

 

Cook said that, on average, fraud costs small businesses 62-hundred dollars a year.

 

For more on fraud, how to protect yourself from it and where to get resources, listen to Thompson Today this afternoon at 12:40 and 5:10.