Beware: COVID Scam Targeting Business Owners
3 mins read

Beware: COVID Scam Targeting Business Owners

Attention all business owners: there is a new scam targeting you in the midst of the COVID-19 pandemic. As if running a business during these uncertain times wasn’t difficult enough, now you have to be on the lookout for scammers trying to take advantage of the situation.

The latest scam involves fraudulent emails and phone calls claiming to be from government agencies or health organizations, offering assistance or resources related to COVID-19 relief. These scammers are preying on the fear and uncertainty that many business owners are facing, hoping to catch them off guard and steal their personal and financial information.

These fraudulent emails and phone calls often appear legitimate, using official-sounding language and claiming to offer financial aid or access to important information. Some may even use the names of real government agencies or health organizations to make their pitch seem more credible. However, it’s important to remember that government agencies and health organizations will not reach out to businesses in this way, especially unsolicited.

It’s crucial for business owners to be wary of any unsolicited communications and to never provide personal or financial information over the phone or through email. If you receive a suspicious email or phone call, do not click on any links or provide any information. Instead, contact the purported sender directly using a verified phone number or email address to confirm the legitimacy of the communication.

In addition to being cautious of fraudulent emails and phone calls, business owners should also be on the lookout for other COVID-19 related scams, such as fake websites selling personal protective equipment (PPE) or fraudulent offers for COVID-19 testing and treatment. These scams can not only lead to financial losses, but they can also put your business at risk of legal and regulatory issues.

As a business owner, it’s important to stay informed and vigilant in order to protect yourself and your business from scams. Educate yourself and your employees about the latest scams and best practices for staying safe online. Be sure to verify the legitimacy of any offers or communications related to COVID-19 relief before taking any action.

If you do fall victim to a scam, it’s important to report it to the appropriate authorities, such as the Federal Trade Commission (FTC) or your local law enforcement agency. By reporting scams, you can help prevent others from falling victim and potentially help law enforcement track down and stop the scammers.

In these challenging times, it’s essential for business owners to be extra cautious and proactive in protecting themselves from scams and fraud. By staying informed and remaining vigilant, you can help ensure the security and stability of your business during the COVID-19 pandemic and beyond.