This week figures released by the Office for National Statistics show that half of the 5.1 million frauds resulted in financial loss. The stats also show both businesses and organisations are increasingly victims of card fraud and frauds committed over the phone and online.
An ONS spokesman said: "Although we estimate that there were more than seven million fraud and computer misuse incidents in the past year, this does not necessarily imply a recent rise in crime as the new measures bring into scope a large volume of offences not previously included in the Crime Survey."
As always, prevention is best method to protect your business from corporate fraud - every business needs a plan to reduce the risk of a security breach.
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