Have you considered how much fraud could be costing your organization?
It’s a common misconception that fraud is primarily a concern for large enterprises with extensive security teams. In reality, small and mid-sized businesses (SMBs) are increasingly vulnerable—and often more exposed.
Why SMBs Are at Greater Risk
Many SMBs lack the layered defenses, dedicated resources, and formal training that larger companies rely on. This makes them prime targets for one of the most pervasive threats today: identity fraud.
This type of fraud involves attackers impersonating trusted individuals—employees, vendors, or customers—to gain access to funds, data, or systems. Common examples include:
- A fraudulent email appearing to come from your finance manager requesting an urgent wire transfer.
- A cybercriminal using stolen login credentials to access sensitive business platforms.
The most common entry point? Compromised usernames and passwords.
Despite being a long-standing tactic, it remains highly effective.
The Role of AI in Modern Fraud
With the rise of AI, scams are becoming increasingly sophisticated. Attackers can now replicate emails, voices, and even videos with alarming accuracy—making it harder than ever to distinguish real from fake.
In fact, 69% of businesses report an increase in fraud attempts.
What You Can Do
The good news is that organizations implementing stronger identity protection measures—such as biometric authentication, device recognition, and AI-powered fraud detection—are seeing measurable improvements. Many report significant cost savings and a reduction in fraud-related incidents.
Even small changes can have a big impact. Start by reviewing your authentication practices:
- Are passwords unique, randomly generated, and never reused?
- Is multi-factor authentication (MFA) enabled across all critical systems?
- Has your team received training to recognize phishing and social engineering attempts?
Build Smart, People-Friendly Security
The goal isn’t to create friction—it’s to build smart, user-friendly security that protects your business without slowing it down.
If you’d like help evaluating your current setup or identifying the right tools for your needs, my team and I are here to support you. Let’s connect.
