Blogpost

Top 3 Fraud Scams: Keeping Your Business Safe When Making or Accepting Payments

In recent years, financial losses due to fraud have increased steadily. The Canadian Anti-Fraud Centre reports that $370 million was lost to scams and fraud in 2021, an increase of 130% compared to 2020. In 2022, $530 million was lost to fraud — another significant increase.

These statistics underline the growing importance of proactive measures to prevent fraud and protect financial assets.

Read on to find out the common types of frauds and ways to prevent them.

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