Bulletin

Rise in fake invoice scams on small firms

Invoices - Report from City of London's fraud reporting service - SantanderCB

A report from the City of London's fraud reporting service and crime prevention organisation Cifas has warned of the increasing number of small businesses falling victim to 'fake invoice' scams from criminals. More companies have reported being targeted in the first half of this year than in the whole of last year, with 749 cases filed between January and June, compared with 603 in 2014 and 739 in 2013. The real figure is also believed to be much higher because many crimes go unreported, and it is expected to soar over the summer because fraudsters seek to take advantage of experienced staff being away on holiday. Cifas and Action Fraud warned that smaller businesses were most at risk and may find it harder to recover from losing large sums.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

 

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