Fraud costs the UK around £190 billion a year, with businesses bearing almost three quarters – £140bn – of those losses.
At one end, what might seem like petty pilfering can build up to substantial losses, and at the other could involve serious organised criminal activity.
For small and medium businesses the results can have a severe impact on cashflow, profitability, and reputation with both suppliers and customers. It could also lead to your business liable to further scrutiny by the various authorities, if not possible criminal prosecution.
This free guide highlights some of the key areas where fraud may take place, and sensible precautions that could be taken to minimise the risk.