Cryptocurrency has opened up a lot of new doors for businesses. Fast payments. Global transactions. New ways to grow.
But with that potential comes risk. And right now, scams are at the top of the list.
Crypto fraud isn’t just hitting individuals anymore. Businesses are being targeted too—often without realizing it until the damage is done. So, how can you stay one step ahead?
Let’s break it down.
Start With Awareness
You can’t protect your company from something you don’t recognize.
Fake crypto platforms. Phishing emails. Deepfake videos. These scams are getting smarter—and more convincing. What used to look like an obvious con now shows up dressed in slick branding and professional websites.
Make sure your team knows the signs. A quick internal session or even a regular newsletter update can make a difference. If your employees know what to look for, they’re much less likely to click something they shouldn’t.
Double-Check Before You Click or Transfer
It’s straightforward advice—but it works: don’t approve a payment or share sensitive information without verifying the source.
Before your finance team approves any crypto transaction, have a clear process in place. That could mean a second pair of eyes. Or a phone call to verify. Or both.
Scammers often pose as someone inside the company. They spoof emails, create fake urgency, and rely on speed to get through. Slow it down—just enough to catch what they’re counting on you to miss.
Take a moment. That pause could save thousands.
Use Secure Platforms
Stick to known and trusted exchanges. The kind that require identity verification and offer support if something goes wrong.
Avoid sending payments to wallets or platforms that aren’t registered or don’t show clear contact details. If something doesn’t feel right, it usually isn’t.
And yes, fees might be lower on unknown sites. But if you get scammed? That discount won’t matter.
Keep Software and Systems Updated
This one’s easy to overlook, but it matters.
Out-of-date systems make it easier for someone to get into places they shouldn’t. Keep security software updated. Make sure every device—including phones—has the latest protections installed.
It’s a small step, but it closes a lot of doors that scammers love to sneak through.
Set Up Clear Internal Policies
Your team needs more than a vague “be careful.” Set clear policies.
Create a simple crypto policy. Who’s allowed to approve transactions? How are payments verified? What do employees do if they think they’ve spotted a scam?
The clearer your process, the fewer chances scammers have to slip through the cracks.
Have a Response Plan (Just in Case)
Even with the best systems, things can still go wrong. That’s why you need a backup plan.
If fraud happens, who gets called? Do you have a legal contact? Can you lock down accounts quickly?
Thinking about these things before something happens can save you a ton of stress later.
Final Thought
Crypto is here to stay—and so are the scams. But your business doesn’t have to be vulnerable.
With the right preparation, a clear plan, and a team that knows what to look for, you can keep your business safer—without falling behind.
It doesn’t have to be complicated. Just smart, consistent steps that keep your guard up without slowing you down.
