UK SMEs’ £9bn Invoice Fraud Loss

Tuesday, 20th February 2018 at 5:55pm

According to the Real Business website, invoice fraud is on the rise, as technology brings with it new opportunities for fraudsters as well as for legitimate businesses.

Recent research found that UK SMEs are losing more than £9bn through invoice fraud every year, amounting to £1,658 per SME.

Of those affected, one in six believe the fraud has cost them more than £5,000 and 54 per cent of business leaders view it as their single biggest threat.

To read the full story, click here.

(This will open in a new window, and take you to the original article.)