Fraud is a growing problem worldwide, especially in the UK, driven by technological advancements that facilitate easier online transactions. Small businesses face heightened vulnerability due to limited anti-fraud budgets and ownership structures that may inadvertently promote wrongdoing. To combat this trend, owners are advised to conduct thorough secure checks, assess risks, and establish comprehensive policies that mitigate potential fraud. These actions can help small businesses protect their assets and avoid joining the alarming statistic that 60% of affected businesses never recover from fraud-related losses.
Fraud is becoming increasingly common globally, particularly in the UK, influenced by technological advancements and challenges faced by small businesses.
Small businesses are particularly vulnerable to fraud due to limited budgets for anti-fraud measures, often resulting in significant financial losses.
Implementing secure business practices and assessing risks can greatly reduce a small business's susceptibility to fraud.
Developing strong policies is essential for mitigating fraud risk, allowing small businesses to identify and control vulnerabilities.
Collection
[
|
...
]