Sheffield broker warns local firms of the threat of fraud as one in ten small businesses fall victim

20th February 2015

Sheffield broker IFM is warning local businesses of the growing threat of fraud.

  This follows research by Experian, which revealed that 13% of all SMEs had been affected by fraud.   The research found that 286,000 SMEs had been the victim of fraud, with the average loss of such activity costing £2,627.   The findings also found that SMEs with nine of more employees were most likely to be affected by fraud, with 27% suffering some kind of financial loss to fraudsters, while 11% of micro SMEs had been affected.   John Leigh of Sheffield based IFM Insurance Brokers said, -Fraud is a growing threat to all businesses in Sheffield and the tactics employed by fraudsters are becoming more sophisticated.  This sort of unlawful activity can have a devastating effect of any business.  So local firms should take steps to ensure they are fully protected and should contact their local broker for advice.