{"id":818,"date":"2025-07-14T00:05:00","date_gmt":"2025-07-14T05:05:00","guid":{"rendered":"https:\/\/www.yourtechupdates.com\/?p=3314"},"modified":"2025-07-14T00:05:00","modified_gmt":"2025-07-14T05:05:00","slug":"frauds-costing-businesses-millions","status":"publish","type":"post","link":"https:\/\/www.xceedit.com\/blog\/frauds-costing-businesses-millions\/","title":{"rendered":"Fraud is costing businesses MILLIONS"},"content":{"rendered":"<div style=\"padding:56.25% 0 0 0;position:relative;\"><iframe class=\"fitvidsignore\" src=\"https:\/\/player.vimeo.com\/video\/1080169406?badge=0&amp;autopause=0&amp;player_id=0&amp;app_id=58479\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write; encrypted-media\" style=\"position:absolute;top:0;left:0;width:100%;height:100%;\" title=\"USJul25 - Tech update video 2 ready to use\"><\/iframe><\/div>\n<p><script src=\"https:\/\/player.vimeo.com\/api\/player.js\"><\/script><\/p>\n<p>Have you ever stopped to think how much fraud could be costing <em>your<\/em> business?<\/p>\n<p>It\u2019s easy to consider fraud as a problem for big companies. The kind with thousands of employees and dedicated security teams.<\/p>\n<p>But that\u2019s a dangerous assumption.<\/p>\n<p>Fraud is a growing threat to companies of every size. And SMBs are often more exposed.<\/p>\n<p>Why?<\/p>\n<p>Because they typically don\u2019t have the same layers of protection, resources, or formal training in place.<\/p>\n<p>I\u2019m talking specifically about identity fraud. When someone pretends to be a trusted contact (like your staff, suppliers, or customers) to steal money, access data, or infiltrate systems.<\/p>\n<p>It might be a fake email from someone posing as your finance manager requesting an urgent payment. Or a cybercriminal using stolen login credentials to access sensitive business tools.<\/p>\n<p>And the most common entry point? Stolen usernames and passwords. A trick that\u2019s been around forever but still works.<\/p>\n<p>With modern AI tools, scams are becoming harder to spot. Criminals can now fake emails, voices, and even videos that look and sound just like the real thing.<\/p>\n<p>Around 69% of businesses say they\u2019ve seen a rise in fraud attempts.<\/p>\n<p>There is good news.<\/p>\n<p>Businesses that adopt better identity protection, like biometric logins, device recognition, and AI-driven fraud detection, are seeing real results. Many are reporting significant savings and far fewer fraud-related costs.<\/p>\n<p>Even small improvements can make a big difference. Start by reviewing your login practices:<\/p>\n<ul class=\"wp-block-list\">\n<li>Are passwords randomly generated and never used for more than one application?<\/li>\n<li>Do you use multi-factor authentication, where you get a code on another device to prove it\u2019s you?<\/li>\n<li>Can your team spot suspicious emails or messages, thanks to training?<\/li>\n<\/ul>\n<p>The goal isn\u2019t to make life harder. It\u2019s to build smart, people-friendly security that protects your business without slowing you down.<\/p>\n<p>Need a hand reviewing your current setup or figuring out which tools fit your needs? My team and I are here to help. Get in touch.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Think fraud is only a problem for big corporations? Think again. Small and medium sized businesses are huge targets. And it\u2019s costing a fortune. Here\u2019s how to stay safe\u2026<\/p>\n","protected":false},"author":1,"featured_media":819,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77],"tags":[],"class_list":["post-818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.xceedit.com\/blog\/wp-json\/wp\/v2\/posts\/818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.xceedit.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.xceedit.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.xceedit.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.xceedit.com\/blog\/wp-json\/wp\/v2\/comments?post=818"}],"version-history":[{"count":1,"href":"https:\/\/www.xceedit.com\/blog\/wp-json\/wp\/v2\/posts\/818\/revisions"}],"predecessor-version":[{"id":820,"href":"https:\/\/www.xceedit.com\/blog\/wp-json\/wp\/v2\/posts\/818\/revisions\/820"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.xceedit.com\/blog\/wp-json\/wp\/v2\/media\/819"}],"wp:attachment":[{"href":"https:\/\/www.xceedit.com\/blog\/wp-json\/wp\/v2\/media?parent=818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.xceedit.com\/blog\/wp-json\/wp\/v2\/categories?post=818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.xceedit.com\/blog\/wp-json\/wp\/v2\/tags?post=818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}