Technological advances, the increasing amount of data requiring protection and the sharp rise in social media use are making businesses more vulnerable to fraud attack. CEO fraud and false identity fraud with fraudsters posing as customers or suppliers are a growing threat to businesses. Fraud is not always about a third party criminal activity. Your own employees can also be responsible for the fraud. There are thousands of white-collar crime cases every year.
According to a study conducted by Allianz Trade and the DFCG in 2021, 2 in 3 companies have experienced at least one fraud attempt and 1 in 4 companies suffered at least one proven fraud during the year. Whether fraud is committed inside or outside your business, financial losses have a major impact on your business and can often run into millions of Euros.