Managing Fraud Risks
Fraud is much more common than most people imagine. It can happen to any business, including yours. That makes managing potential fraud risks an essential part of good business practice.
This guide explains how to make a solid start managing your own fraud risks, with practical steps to help keep your business safe.
Frauds are easy to spot
Fraudsters are masters of hiding in plain sight
My staff know fraud when they see it
Only trained eyes spot cunning crimes
Cybercriminals will never guess my password
Just six characters? It can be cracked in an instant!
Our business is too small to interest cybercriminals
Half of cybercrime reports are from small businesses.
Cyber security is an IT issue
It’s people (not machines) who click on dodgy links.
Insider fraud problems? It’s just one bad apple
Staff frauds often involve two or more people working together.
It’s OK to let a fraudster leave without a fuss
Speak up or you make it easy for them to do it again.
Outsiders are our biggest fraud threat
No-one knows your weaknesses better than your own staff.
Our employees are too nice to be fraudsters
Insider fraud costs businesses about 5% of revenue each year.
Stopping fraud is an expensive hassle
It doesn’t have to be. Simply being more aware of the risks is a quick – and cheap – way to start.
Fraudsters won’t target our small business
Criminals don’t care how big you are. In the last two years, one-in-three small businesses experienced fraud.
Fraud is a cost of doing business
It doesn’t have to be. Simple precautions could halve your fraud losses.
What are the fraud risks facing SMEs?
Kevin Brett from HAT Marketing explains the risks he sees in the travel industry and his tips for keeping his company safe.