SME's suffer fraud

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 Quarter of a million SMEs suffer fraud

A study by Experian has found nearly 286,000 small businesses across the UK have been a victim of fraud, losing them nearly £8bn in total during their time in business. A poll of 500 bosses of SMEs found 13% had been the victim of a card, cheque or identity fraud. SMEs with more than nine employees were the most likely to have suffered fraud, at 27%, although just one in 10 micro businesses reported fraudulent activity. The findings come after Financial Fraud Action UK last year warned small firms of an increase in invoice fraud and phone fraud say Harris & Co accountants Northampton, the specialist small business accountants

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