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Business fraud impacts enterprises both big and small

Why small business fraud is an unfortunate fact of life.

If you think your organisation isn’t big enough to be impacted by business fraud, you’re deluded. The reality is, no matter the size of your business, you are a target for financial fraud.

The sad truth is, that SMEs are the most common victims of business fraud, yet only 20% believe they could be a target for hackers with losses estimated at £18.9 billion.

The vast majority of small business fraud is committed by opportunists and is not pre-meditated. Business fraud impacts cash flow and undermines your ability to run your business, especially if you are reliant upon a niche customer base. The consequences of small business fraud can be potentially fatal for the future of your company.

Part 5 of our myth busting guide will help you get started with defending your organisation against the real threat of small business fraud.

"Small and medium sized enterprises are the most common victims of fraud, yet only 20% believe they could be a target for hackers."

Cash is the lifeblood of any organisation. Whether you need to pay or collect, there’s an easy way to do both with PT-X.

Continuing Content


Internal fraud: Can you identify it?

Do you think any of your employees or colleagues could commit internal finance fraud? If not, why not? No fraudster goes round with a big badge on their lapel. In fact, 84% of staff have the opportunity to commit internal fraud. You can’t afford to ignore the danger signs any longer...


PT-X Protect: Protecting Your Payments & Mitigating the Risk of Fraud and Error

As part of the PT-X® Payments and Business Solutions Suite, PT-X Protect helps to facilitate an organisation’s payments best practice. By focusing on proactive detection and prevention, payments can be analysed for indicators of potential fraud or errors.

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