Tips to prevent business fraud

Tips to prevent business fraud

Business fraud is a significant and growing issue for small business owners.

Although fraud is not completely unavoidable, there are ways businesses can protect their private and confidential information.

Here are five tips to help secure your business information:
– IT security. Using effective IT measures, as well as ensuring websites are secure and safe for individuals to use.
– Physical security. Regulating access to the workplace and securing workshops and storage areas.
– Testing. Regular testing of security systems to identify any weaknesses that require attention.
– Screening applicant’s past history. Ensure to complete appropriate background checks before hiring a new staff member, such as criminal history and verification of qualifications.
– Workplace policies. Training staff on their responsibilities under the business’s privacy policy, as well as conducting compliance reviews.

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