This document provides an overview of fraud risks facing small businesses and recommendations for protection. It begins by defining who pays the costs of fraud, such as higher prices and lost revenues. Small businesses are particularly vulnerable due to lack of security and preparation. Common fraud risks include check fraud, credit card fraud, cybercrime like phishing, and internal fraud. The document recommends proactive measures like employee background checks, account segregation, cybersecurity practices, and training to combat these fraud risks. Resources for small businesses to learn more are also provided.