Companies are unprepared to face the onslaught of fraud

Companies are unprepared to face the onslaught of fraud, which is predicted to rise because of the current economic downturn. According to a Vanson Bourne survey, 27% of business respondents said they were not ready for an increase in fraud. The survey, conducted on behalf of SPSS UK, also found that 30% of businesses questioned believe themselves unable to cope with current levels of fraud, casting further doubt on how they would survive the impending challenge. On top of this, only 3% indicate