These crafty scams involve tricksters posing as legit businesses, using sneaky tactics like phony invoices and fake emails. According to the Federal Trade Commission (FTC), these scammers are getting smarter, and it's crucial to know their tricks. In this article, we'll spill the beans on their tactics, share real-life stories, and give you actionable tips from the FTC to keep your business safe from these crafty scammers.


How Business Impersonator Scams Work:

Picture this – you get an invoice or an email that looks totally legit, but it's all a sham. Scammers pretend to be real businesses, tricking you into paying for services you didn't ask for or buying products that don't exist. Sneaky, right?


FTC's Take on Business Impersonator Scams:

The FTC has been blowing the whistle on these scams. According to them, scammers often use pressure tactics, creating a sense of urgency to make you act fast without thinking. 


Red Flags You Shouldn't Ignore:

  • Unexpected Invoices: If an invoice lands out of the blue for something you didn't order, take a closer look.
  • Fake Emails: Watch out for emails pretending to be from known companies, asking for money or personal info.
  • Urgent Demands: Scammers love urgency. If they're pushing you to pay or act immediately, it's a red flag.


How to Keep Your Business Safe:

  • Verify Before You Pay: Always double-check invoices and emails. Verify with the supposed business using contact details from their official website.
  • Train Your Team: Educate your team about these scams. Make sure they know the red flags and what to do if they spot a potential impersonation.
  • Secure Communication: Establish secure communication channels and procedures within your business to confirm any payment requests.

In the hustle and bustle of the business world, staying one step ahead of Business Impersonator Scams is vital. Armed with insights from the FTC and a keen eye for red flags, you can safeguard your business from falling into the trap. It's time to outsmart the scammers, protect your hard-earned money, and keep your business thriving


*This article was created using resources such as the "Business Impersonator Scams" pamphlet obtained from the FTC.