Recovery scams explained: How fraudsters target businesses after fraud
For many small business owners, the first scam is only the beginning. After a fake invoice payment, a hacked email conversation, a ransomware demand, or a fraudulent transfer, the immediate focus is, rightly, on damage control: calling the bank, checking and securing accounts, trying to understand what went wrong.
Then something unexpected can happen: someone reaches out claiming they can help recover the lost money.
For many victims, this is when the second scam begins.
Key takeaways:
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