As we approach the end of financial year (EOFY), it is important to be on the lookout for internet scams and online deals that just seem too good to be true.
EOFY is the perfect opportunity for scammers as we are generally too busy tidying up all our financial affairs resulting in us overlooking the simplest and most obvious fraudulent transaction.
The main scans that surface around this time of year are invoices for fictitious advertising and online directory listings, dubious office supplies that were never ordered and in some cases investment opportunities that simply do not exist.
Ways to prevent scams include:
- Limit who has the authority to make orders and purchases for the business - Know your suppliers
- Maintain a proper account management and ordering system
- Contact the supplier if the invoice looks different or raises suspicions on your side
It is also very common for scammers to use a name or logo similar to a reputable business in an attempt to fool you. Also please remember that financial institutions will never send emails requesting your username and password for online banking.
For more information please feel free to contact us.
