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Protecting Small Businesses from Fraud and Scams – Trends for 2024

October 3, 2023

By Earl Gregorich, CBA – South Carolina Small Business Development Center, Greenville

It’s a crazy world out there and small businesses are being targeted by scammers, fraudsters, hackers, thieves, and bad actors. So how do we run a business and keep our cash, data, employees, and clients safe? Let’s take a look at some of the upcoming trends in cybersecurity that might help small business owners create a defensive strategy:

Attacks Will Continue – More Frequently and with Greater Sophistication

OK, this prediction certainly isn’t a surprise but it certainly sets the stage for why it is important to establish a defense against these attacks. Ransomware and phishing attacks have been around for a while now but the days of just scanning for poor grammar to stay safe are over. (Thanks AI!) Hackers can now take more sophisticated approaches, using traditional email with more effective narratives, graphics, and fake email addresses. Attacks will also become more widespread with improved voice dubbing for phone and audio attacks and more powerful computers to drive the hacking.

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