BBB: Three scams B.C.'s small business owners need to avoid

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Small Business Week: Research whose contacting you, train your employees and inspect all invoices.

As we kick off Small Business Week, the Better Business Bureau serving Mainland BC and Yukon recognizes the timely opportunity for business owners to expand their knowledge around how to avoid scammers. B.C. is home to more than 510,000 small businesses and over five million people. That means approximately one out of every ten people in B.C. is either a small business owner or working on their own entrepreneurial dreams. These small businesses are the heart and soul of our communities.

"Supporting BC's small businesses is more than just buying local," says BBB spokesperson Aaron Guillen. "It's making sure that these business owners have the resources they need to avoid falling for scams and sketchy marketplace interactions when they come face to face with them."It is a form of fraud that attacks businesses of any size.

Local Example within BBB Earlier in September, BBB experienced a similar form of spear phishing internally, when a scammer posed as Kip Morse, CEO of the International Association of Better Business Bureaus . A text message was sent from the imposter to another member of the IABBB executive team, asking to 'surprise staff with gift cards' and to keep the conversation confidential to anyone else as 'not to ruin the surprise'.

Local Example on Vancouver Island In April 2023, a Victoria woman, who runs her own skincare and beauty business, was contacted by a new Vancouver Island directory website, describing themselves as the hub for craft supplies and handmade and vintage products on Vancouver Island. The directory contact convinced the woman to pay for a full year of premium advertising space upfront, as the site was set to launch in the coming months.

Local Example on Vancouver Island In April 2023, a Victoria business woman received an invoice from a company claiming to provide safety-training video content, ranging from warehouse safety to handling hazardous substances in the workplace. The email claimed the woman had purchased a subscription to their video content and owed them $378. The company claimed that they had her bank account information and would charge her debit card within the following two days.

 

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