June 24, 2024
Learn about utility scams and how you can protect your business. Scammers target small businesses by calling pretending to be from a utility company and lying saying your electricity, or another essential service will be cut off if you don’t pay some overdue bill immediately over the phone. Tell your employees about utility scams so that the next time they get a panicked call from a utility company they hang up the phone. Learn more at https://www.ftc.gov/smallbusiness.

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Transcript:
Your restaurant gets a call right at lunch rush. They say it’s the electricity company, and your service will come up immediately unless you pay right now. They may ask you to pay by prepaid card. Panic time, right?

Wrong, it’s a scam. Hang up and report the call to your utility company and to the Federal Trade Commission, then talk to your staff so they won’t panic the next time they get a call like that. Learn how to spot scams against your small business and talk to your colleagues about it to. Learn more at ftc.gov/smallbusiness.

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The Federal Trade Commission deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers’ interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies.

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