How well do you know fraud prevention as a business owner? Take our quiz

Correct answer is 3: Psychology. They work with our feelings, logical abilities and stress. To create a sense of urgency and exploiting greed or fear.  

Correct answer is 2: Transferring to newly provided bank details without verification. This practice creates the highest fraud risk because it targets the verification process rather than the payment method itself. SEPA transfers and wire transfers are standard business practices in Nordic countries, so the danger doesn't come from using bank transfers—it comes from failing to verify new payment details through independent channels. This is exactly how many business frauds succeed: fraudsters intercept communications and provide "updated" bank details, exploiting businesses' trust in familiar communication while requesting changes to established payment routines. Always verify any new payment information by contacting the vendor through previously confirmed contact details, not through the communication that provided the new banking information.

Read more about BEC fraud here. 

The correct answer is 3: Spoofing is a common form of fraud. Spoofing means that scammers contact you via e-mails, text messages and calls pretending to be someone else. 

With a message that looks like it's coming from a sender we know, it's easier to fall into the trap. Always verify unexpected requests through independent contact methods, even when the communication appears legitimate.

Read more about the method here. 

Correct answer is 2: As this would create a significant security vulnerability and makes it easier for cybercriminals to gain access to multiple financial systems. 

Correct answer is 2:  Be a bit suspicions and remember to stop and think before you act. 

Correct answer is 1: Deepfakes is when someone used artificial intelligence (AI) to create convincing fake audio, video, or images of real people. In business fraud, criminals use this technology to impersonate executives in video calls or create fake voice messages requesting urgent payments. Always verify unusual requests through independent channels, even if the person appears to be speaking directly to you.