Have you ever stopped to think about how much fraud could be costing your business?

It is easy to think of fraud as something that only happens to big companies with huge teams and dedicated security departments. But that is a risky assumption.

Fraud is a growing threat for businesses of every size. In fact, small and midsize businesses can be even more vulnerable.

Why is that?

Smaller businesses often do not have as many layers of protection, as much training, or as many resources in place as larger organizations.

Let’s talk about identity fraud in particular. This is when someone pretends to be a trusted contact—maybe a staff member, supplier, or customer—in order to steal money, get access to sensitive information, or break into your systems.

It could be a fake email from someone posing as your finance manager, requesting an urgent payment. Or maybe a cybercriminal using stolen login credentials to access your business tools.

The most common entry point is still stolen usernames and passwords. It is a simple trick, but it works.

With today’s AI tools, scams are getting much harder to spot. Criminals can now fake emails, voices, and even videos that look and sound just like the real thing.

About 69% of businesses say they have seen more fraud attempts lately.

But here is the good news.

Businesses that invest in better identity protection—like biometric logins, device recognition, and AI-powered fraud detection—are seeing real results. Many are saving money and experiencing fewer fraud-related issues.

Even small changes can make a big impact. Start by looking at your login practices:

Are passwords randomly generated and never reused across apps?
Do you use multi-factor authentication, like getting a code on another device to prove it is really you?
Has your team had training to recognize suspicious emails or messages?
The goal is not to make things harder. It is about building smart, people-friendly security that protects your business and keeps things running smoothly.

Need help reviewing your current setup or figuring out which tools are right for your business? Our team is here to help. Reach out any time.