In this week’s edition of ECNETNews, our panel of experts examines the growing threat of scammers leveraging artificial intelligence and its significant impact on small business owners.
A recent survey revealed startling insights into how scammers are employing AI technologies to exploit small business owners. Our experts discuss the growing trend and share essential strategies to help businesses protect themselves against these advanced scams.
New panel member Shashi Bellamkonda offers innovative tactics he employs to counteract these scammers.
Discover his approach and hear more insights from our panel in this compelling episode of Small Business Breakdown:
This Week’s Headlines in Small Business News:
Michigan Businesses Encouraged to Apply for Employee Training Grant Fund
Small businesses across Michigan have a unique opportunity to apply for grant funding aimed at employee training. Michigan Works! West Central is now accepting applications for its Going PRO Talent Fund, which enables local businesses to reimburse training costs for their workforce.
Survey Reveals One-Quarter of Small Business Owners Targeted by AI-Driven Scams
A recent survey found that 25% of small business owners (SBOs) in the U.S. have experienced targeted attacks by scammers using AI over the past year. These scams typically involve generative AI impersonating senior employees through email, voice, or video, leaving many businesses at risk of fraud.
Grant Program Launched in Iowa City to Support Local Small Businesses
Iowa City has unveiled a new initiative, the Targeted Small Business Development Grant Program, aimed at bolstering local entrepreneurs. This program provides up to $5,000 in funding, coupled with business coaching and technical assistance for growth-focused small businesses.
SBA Announces National Veterans Small Business Week Scheduled for Nov. 11-15
The U.S. Small Business Administration (SBA) will host the 11th annual National Veterans Small Business Week from November 11 to 15, 2024. This weeklong event will include both in-person and virtual activities to celebrate and support veteran-owned small businesses.
Inflation Concerns Impacting Small Businesses Ahead of the Holiday Season
A recent report indicates that 89% of small businesses globally have experienced the effects of inflation as they prepare for the upcoming holiday sales period, highlighting the economic challenges they face.
John Deere Issues Recall for Compact Utility Tractors Due to Crash Hazard
John Deere is recalling approximately 147,900 compact utility tractors in the U.S. and an additional 16,800 in Canada due to safety concerns regarding potential crash hazards.
IRS Implements New Measures to Assist with Employee Retention Credit Claims
The IRS announced a new supplemental claim process to help payroll companies and their clients resolve inaccuracies related to the Employee Retention Credit (ERC), aiming to streamline the correction process for businesses.
