Internet fraud is a growing problem and a growing portion of that fraud is taking place with false or fictitious companies using professional looking websites.Scam victims believe that the website is a real company, and proceed to submit their credit card information to the website or company, or even initiate a business relationship with the company, and even send funds to their new partner’s bank.False websites can assume the identity of a real company, or simply be false.
Fraud experts say it’s important to use websites with Trust seals like Trust, the Better Business Bureau and McAfee, so you know you’re dealing with a real company and that the website or company has at least been verified at a basic level.You won’t find a false website with any of these logos with an active link to the verification page.Also, investigators say to search the internet to see what others are saying about the company, and be very skeptical if you find no or too little information.Any real company should have a good amount of information online.
Companies in India, China, Latin America and Africa, as well as Southeast Asia can offer attractive investment opportunities to foreign investors.The question remains, how do you know you are dealing with a real company or a legitimate investment opportunity?International business deals run a high risk for fraud and scams, especially if the contact is made via the internet.
Company verificationand international due diligence services are more important than ever.International investigators with offices or agents on the ground can verify business registration, offices and facilities, reputations, ownership and more.Screening the company or website for fraud is becoming more and more important, as the losses from internet fraud and identity theft can be staggering.It’s important to verify first, before agreeing to any terms or business deal.
Millions of dollars are lost each year in the U.S. and even companies are trying to find better ways to keep their businesses and employees safe.International opportunities and reaching out to new suppliers and businesses overseas can be profitable and lucrative, as long as the company or representative is legit, and who they claim to be.That is where due diligence comes in.
International investigators advise caution when dealing with a new company, and to verify unknown businesses and contacts with foreign companies prior to sending detailed information about your business or financial situation.If such sensitive information lands in the wrong hands, you could be a victim of internet fraud, identity theft and other financial losses and headache.
A. Hathaway has 20 years of experience in global fraud prevention, international investigation and background checks for corporate and individual clients. He serves as a consultant for investigation firms in the Americas, Europe and Asia, and has been a senior investigator for cases in over 30 countries. He is considered an expert in risk mitigation and global due diligence.