Fraud is costing businesses MILLIONS • Blisstech Solutions

Have you ever stopped to think how much fraud could be costing your business?

It’s easy to consider fraud as a problem for big companies. The kind with thousands of employees and dedicated security teams.

But that’s a dangerous assumption.

Fraud is a growing threat to companies of every size. And small to medium-sized businesses are often more exposed.

Why?

Because they typically don’t have the same layers of protection, resources, or formal training in place.

I’m talking specifically about identity fraud. When someone pretends to be a trusted contact (like your staff, suppliers, or customers) to steal money, access data, or infiltrate systems.

It might be a fake email from someone posing as your finance manager requesting an urgent payment. Or a cyber criminal using stolen login credentials to access sensitive business tools.

And the most common entry point? Stolen usernames and passwords. A trick that’s been around forever but still works.

With modern AI tools, scams are becoming harder to spot. Criminals can now fake emails, voices, and even videos that look and sound just like the real thing.

Around 69% of businesses report an increase in fraud attempts.

There is good news.

Businesses that adopt better identity protection, like biometric logins, device recognition, and AI-driven fraud detection, are seeing real results. Many are reporting significant savings and far fewer fraud-related costs.

Even small improvements can make a big difference. Start by reviewing your login practices:

The goal isn’t to make life harder. It’s to build smart, people-friendly security that protects your business without slowing you down.

Need a hand reviewing your current setup or figuring out which tools fit your needs? My team and I are here to help. Get in touch.

More Content

Which ransomware payment option is best? (Hint: none)

Which ransomware payment option is best? (Hint: none)

Cyber criminals are giving you more options when it comes to paying your way out of a ransomware attack. Our advice remains the same though. Find out what that advice is here.

Tech Tip: How to add an email alias as FROM address in Outlook

You've been using Microsoft Outlook for a while now and you're comfortable with the interface. But there's one thing you still haven't figured out how to do- send an email from an alias address. Microsoft 365 has made it possible to easily add a new FROM address in...

That long password isn’t keeping you better protected

Even passwords of 15 characters can be cracked by cyber criminals. Our latest tech update explains what to do instead

Logos for Microsoft 365

The Microsoft New Commerce Experience (NCE) is on the way

Microsoft is introducing what it calls a New Commerce Experience (NCE) in 2022, with changes to licensing terms and pricing for Microsoft 365. This will mean fairly big, and potentially expensive, changes for business customers who have Microsoft 365 licences. The...

How to Secure Your Business from Cyber Threats in 2024: A Free Guide

Protect your business from these cybersecurity threats in 2024 We’re weeks away from the new year. And this is a great time to start thinking about what needs to get better in 2024. We believe you should allocate more of your business’s precious resources to the...

Why the Cloud is not backup

Cloud computing has revolutionised the way businesses work.  Companies that utilise the cloud will have coped the best with COVID-19 imposed restrictions.  Whether forced to by circumstance or not, businesses are moving from the traditional server in the office to...

Criminals are exploiting AI to create more convincing scams

One of the many cool things about the new wave of Artificial Intelligence tools is their ability to sound convincingly human. AI chatbots can be prompted to generate text that you’d never know was written by a robot. And they can keep producing it – quickly, and with minimal human intervention. So it’s no surprise that cyber criminals have been…

IT Managed Services for Law Firms

Over the years, technology has shaped and changed legal firms in the UK in many ways.   Technology has helped legal firms to go digital and provide a streamlined client experience by allowing them to access case files online from anywhere. Technology has also helped...
If it ain’t broke… Windows update makes signing out simple again

Windows update makes is easy to sign out of Windows 11 again

Having trouble finding the sign out button in Windows 11? You’re not the only one! Luckily, Microsoft have listened… find out more here.

A free tool for more polished communication

A free tool for more polished communication

You’ve hit send on an important email – then you notice a typo. Windows 11 lets you spellcheck and autocorrect across most of its apps. Here we help you to set it up

Share This
Contact
Love Lane
Cleobury Mortimer
Shropshire DY14 8PE

01299 382 321
[email protected]
Copyright © 2024 Blisstech Solution Ltd
Registered No: 08125391 VAT No : 307 5490 05