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The real risk of supplier fraud: Why it happens and how to avoid it

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For all the talk of cybercrime and fraud, actual instances and attacks seem relatively few and far between. In fact, you may be wondering what all the fuss is about. The truth is, financial fraud is much more common than many believe – and very easy to pull off. Businesses in the UK are falling victim to hack-attacks, data theft and invoice fraud every day. However, not enough is being done to make business decision-makers aware of the real risk of cyber-crime and business fraud in general. There is very little knowledge sharing - which perpetuates ignorance and a false sense of security. This situation only serves to aid the fraudsters: if you’re not expecting them, chances are you won’t spot them until it’s too late.

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