Scammers and spammers are getting more and more sophisticated, masking their scams to look like legitimate communication. Even here at PSP, sometimes we have to look at the source of an email to analyze if it’s legitimate or not.

If you don’t know how to check the source of an email, it’s very hard to tell the difference between a legitimate email and an imposter. And if you get caught in a scam, you’ll find yourself cleaning up from cyber theft versus running your business, which is a headache no one wants to experience.

According to a report from the Federal Trade Commission, 1 in 5 people lost money to imposter scams in 2017, amounting to $328 million lost with a $500 median loss. Imposter scams were one of the biggest reports of fraud last year, along with debt collection and identity theft. Of those reports, 21% of victims lost money.

In the next few blog articles, we will cover some commonly-seen cyber scams so you as a business owner can be aware of scammer tactics before getting fooled out of your money. Our best advice for not getting caught in cyber scams is to be aware and prepared. Consult with your IT advisors and service providers, and educate your team on the latest scam techniques.