SMBs Are Losing Big to Fraud—Here’s How to Fight Back
Still think fraud is something only large corporations need to worry about? That mindset could be putting your business at risk.
Small and midsize businesses are increasingly in the crosshairs—and the financial damage can be staggering.
Why are SMBs such appealing targets?
Because many lack the security depth of larger companies—things like advanced authentication, cybersecurity training, or even basic access controls. That makes them easier to exploit.
One of the fastest-growing threats? Identity fraud.
This is when someone impersonates a familiar contact—your accountant, a vendor, or even your CEO—to trick someone into transferring money or handing over sensitive information. And with just one stolen password, they can do real damage.
The entry points are alarmingly simple: weak or reused credentials, phishing emails, or fake login pages. These old tricks are being powered up by new AI tools, making fraudulent messages and impersonations more realistic than ever.
Nearly 7 in 10 businesses have seen a spike in fraud attempts recently—and many aren’t prepared.
But here’s the upside: there are practical, affordable steps you can take to reduce your risk.
Tools like biometric authentication, smart device checks, and AI-based threat detection are helping businesses stay ahead. Even implementing stronger password policies, enabling multi-factor authentication, and offering basic security awareness training can go a long way.
Ask yourself:
Are your login credentials unique and secure?
Do you require more than a password to access critical systems?
Has your team been trained to recognize the latest social engineering tactics?
You don’t have to overhaul everything overnight. But building a smarter, more resilient security foundation is one of the best investments you can make.
Not sure where to begin? Let’s talk. We can help you assess your current risks and recommend steps that actually work for your business.
