Stolen data, impostors and fake services lead in reported negative business impacts
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Stolen data, impostors and fake services lead in reported negative business impacts
The Better Business Bureau reports over 3,600 total business scams since 2022. The types of scams varied, with business email compromise scams as one of the most reported. The average data breach costs a company $4.9 million, according to the BBB. The BBB shared the following as signs of a business scam:Outreach from unknown businesses, government agencies and big-ticket buyers.
BBB said these scams involved employee and vendor impersonations, theft of social media accounts, data breaches, and many more scam types.
Reports to the BBB show that business scammers can steal hundreds of thousands of dollars in a flash, and reports to federal agencies show total losses of billions each year.
The Better Business Bureau said one of the key findings of its June 2025 report showed that the average data breach costs a company $4.9 million. The types of scams varied, with business email compromise scams as one of the most reported.
The BBB shared the following as signs of a business scam:
Outreach from unknown businesses, government agencies and big-ticket buyers
Invoices from unexpected emails
Odd behavior from “known” vendors or businesses
Requests for gift cards or pre-paid debit card payments
Urgent demands to renew or obtain licenses or trademarks
Claims about expiring domain names
Consultants making big promises about helping your business
More information the the Better Business Bureau’s June 2025 report or more information on scams like this can be found by visiting BBB.org/scamstudies.
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