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Common Business Scams and How Your Organization Can Avoid Them

Preventing Business Scams Image by Tech Prognosis

Business scams by con artists are not new and seem to be evolving every day. You probably already know about, or have had some experience with, the most common ones – robocalls about winning a prize, computer problems, quick credit fix etc. Sometimes, it is an “invoice” that is supposedly from a business partner.

And in some cases, a business scam can come in the form of debt-collection notices, or dire warnings about an expiring web address, domain name or trademark if you don’t send money immediately.

There have even been reports of business scams involving toner cartridges or other office supplies showing up at offices out of the blue with a bogus bill.

The common thread with all business scams is that they attempt to sow fear, play on greed or plea to the kind-heartedness of people.

According to the Federal Trade Commission (FTC), these business scams by con artists succeed because the criminals are banking on the likelihood that most small and medium-sized businesses, churches, and not-for-profit groups will end up paying the bogus invoices in the mistaken belief they owe money or that it’s simply a misunderstanding.

The devastating aftermath of successful business scams though, is that the savings of many businesses and organizations are plundered before the scam is discovered. And the sad part of it all is that many are never caught thus making the scam industry a multi-billion-dollar enterprise. Research put it at over $50 billion annually. (more…)

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Six Risk-Based Questions for Nonprofits With In-House Computer Experts

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Nonprofits and other small and medium sized organizations must ask these six questions before their In-House Computer Expert Quits to avoid disaster.

Here’s an important question most nonprofits don’t think about: what would happen if the in-house IT guru suddenly quit? Most nonprofit leaders think it would only be a temporary inconvenience when, in fact, the opposite is usually true. Want to know how much you are at risk?

If you are the Executive Director, President, or leader of a nonprofit organization, ask yourself the following questions:

  1. Does your nonprofit organization have a written network documentation about its computer network?
    What software licenses do you own? What are the critical administrator passwords to your systems and devices? How is your computer network structured?  What hardware do you own and when do your equipment warranties expire?  Are there cloud vendors for email, online storage, etc. that you don’t’ currently have?
    Do you allow a single IT person to keep this information under their full control over your network and nonprofit organization?  If they suddenly left for any reason, this could lead to huge consequences for your nonprofit organization.

(more…)

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How Managed IT Services and Cloud Computing Improve Your Business

Small business owners who are not already on board the "cloud" may be missing out on a great opportunity to improve their business operations as well as profitability. Cloud computing has changed the landscape of business dramatically in the past few years. In order to reap the most rewards from technological advances, it is important first for business owners to understand what they are dealing with and how new technologies can improve the functionality of their business. What is Cloud Computing? To better understand this concept you must only turn…

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