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How Can You Protect Your Business Against Fraud?

Love Business, Hate Fraud ...

 
 

Posted by Roger Eddowes on 30/06/2022 @ 8:00AM

There's a new campaign designed to help and support businesses in the fight against fraud. It's called Love Business, Hate Fraud and it was put together by the Fraud Advisory Panel and Barclays Bank ...

You can connect with Love Business, Hate Fraud on Twitter and Linkedin!

You can connect with Love Business, Hate Fraud on Twitter and Linkedin!

copyright: love business, hate fraud


Founded in 1998, the Fraud Advisory Panel is a charitable company that is the voice of the counter-fraud profession. It aims to strengthen fraud resilience through best practices in detection, reporting, investigation and prosecution.

"Everyone benefits when small businesses thrive!"

It is very possible that a small business can fail because of fraud, and I believe this harmful, and sometimes embarassing, type of crime should not go unchallenged. This is why I support Love Business, Hate Fraud.

A recent survey found that 44% of SMEs and 49% of all businesses agreed that fraud was a major risk to growth over the next couple of years. Of those businesses that had experienced fraud in the past two years, 18% said it was the most disruptive, ahead of cybercrime, physical burglary and other crimes like assault.

A combined 41% said a lack of understanding and the cost of taking action were the biggest barriers to tackling fraud. As it is the most common crime, long-term economic growth could be hurt if it isn't tackled immediately.

I urge anyone who cares about small businesses to support the Love Business, Hate Fraud campaign.

Until next time ...

ROGER EDDOWES
Business Godparent

 
 


Would you like to know more?

If anything I've written in this blog post resonates with you and you'd like to discover more about how to protect your business, it may be a great idea to give me a call on 01908 774320 and let's see how I can help.

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About Roger Eddowes ...

 

Roger trained at Edward Thomas Peirson & Sons in Market Harborough before working at Hartwell & Co, followed by Chancery, as a partner. He started Essendon Accounts and Tax with Helen Beaumont in 2014 as a general practitioner with a hands-on approach.

Roger loves getting his hands dirty, working with emerging, small-to-medium and family businesses to ensure they receive the best possible accountancy advice. Roger utilises an extensive network of business contacts to leverage the best guidance and practical solutions.