​The pandemic may be the greatest environment for business fraud in decades. Fraud experts say every corporate fraud grows from a combination of two main elements: pressure and opportunity. A bad economy creates the pressure and the opportunity for fraudulent activity widens, when people know they’re not being watched. Protect Yourself Keep up-to-date with the latest scams, and know what to do to protect yourself, your employees, and your business, through the Canadian Anti-Fraud Centre website. General rules for protecting yourself include being wary of unsolicited communications, using secure passwords, and never feeling pressured to take some sort of action.

Remember the old adage, if an offer or something else seems too good to be true, it probably is. If you think you’ve been the target or victim of a COVID-19 scam, report it to the Canadian Anti-Fraud Centre and the police Possible Threats for Remote Working If you and your employees have started working from home during COVID-19, you may be more at risk from cyber-crime. Remote working can result in security challenges if employees are using their own computers, mobile devices, and email accounts to access information relating to your business. Risks include: Weaker security if computers and devices are not updated centrally Insecure password practices on personal computers Sensitive business information being stored on personal computers Information being sent over vulnerable wi-fi connections Protect Yourself Understand the threats to remote workers and put in place policies and procedures around the use of personal computers, secure passwords, and the storage and sharing of company information. Educate employees on the dangers of phishing and other scams. 

To lean more on what you can do to protect your business from scams and theft please click HERE. 

Information taken from Canadian Anti-Fraud Centre and Fortune.com