UK SMEs are losing up to £9bn every year due to invoice fraud [Research]

May 17, 2016  |  Digitalisation, Payment, Research

That’s the sobering news from Tungsten Network today, which reports that nearly half of businesses wouldn’t know what to do if they received a fraudulent invoice. The news highlights SME’s growing exposure to a whole range of fraudulent activities.

According to Tungstens research,  nearly half (48%) of all businesses that were surveyed reported receiving a fraudulent or suspicious invoice in the last year.


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