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Old 25th May 2017, 03:17 PM   #1
AngelBiz
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Join Date: May 2010
Location: Detroit, MI
Posts: 1,041
Default How To Protect Your Small Business From Online Scams

If you have spent any time online you may have seen some of the crazy scams that have been happening to both people and businesses. One of the latest local scams is people printing their own bar codes to steal thousands of food from the grocery store, and costing these stores massive losses.

Then we move to problems to that of online companies like Google and Facebook being victimized. Recently, there has been a report that "Facebook and Google were conned out of a $100M in phishing scheme." This is very alarming as if these big companies were also victimized, small businesses are most likely more vulnerable other types of scams.

What Seems to Be the Root Cause?
Some experts say that technology is not enough to stop scamming because itís a social phenomenon, and its human psychology. In an experiment conducted by a Yale psychologist Stanley Milgram in the 1960ís stated that there was a setup where a teacher would ask students a question and would administer a 450 volts shock when answers were incorrect.

It was expected that only 3% of participants would be willing to be administered 450 volts shock, and surprisingly, 65% went through it. What does it mean? It only means that human obedience is very high, and human nature is what scammers use; they take advantage of such human weakness to fool anyone.

Read more - http://www.smallbizviewpoints.com/20...-online-scams/

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