How fraud can impact businesses and where to get help

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‘Remote banking fraud’ has increased by 68% (Picture: Getty Images/iStockphoto)

While we’ve all been distracted about the Covid-19 pandemic, an epidemic of a very different kind has been flourishing.

The level of attempted fraud, targeting both individuals and businesses, has escalated in the last 18 months as we have lived online.

Latest Office for National Statistics figures show that while overall crime shrank by eight per cent last year, attempted fraud increased. This includes a 68% rise in ‘remote banking fraud’ — attempts to target people using online banking. Meanwhile, business complaints service Resolver says reports of fraud are up by a third.

‘Small businesses can find themselves particularly at risk from scams, as criminals target them thinking they may have limited levels of IT support or protection,’ says Michelle Ovens CBE, head and founder of Small Business Britain, which champions small firms. ‘Scams have…

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