Fraud schemes are always evolving. Once frauds are widely publicized and consumers and businesses learn to spot common scams, enterprising criminals change their tactics. So even if you were able to recognize the red flags of fraud a couple of years ago, you may be vulnerable to new or tweaked scams in 2025. For the health of your business, it’s essential to stay on top of fraud developments. From phone to text . Although the phone used to be fraudsters’ preferred device, perpetrators are now more likely to scam victims via email or text. According to credit bureau Experian, imposter scams (where a crook often pretends to be someone the victim already knows) perpetrated via phone calls have decreased, from 67% in 2020 to 32% in...