SMEs warned of increased risk of invoice scams
Updated / Wednesday, 10 Mar 2021
11:12
€10.5m was lost to Irish businesses as a result of invoice fraud last year, new figures show
SMEs are today being warned of the increased risk of invoice related scams as fraudsters continue to take advantage of the current pandemic by targeting Irish businesses.
The warning from Banking Payment Federation Ireland's fraud awareness programme FraudSMART comes as An Garda Siochana said €10.5m was lost to Irish businesses as a result of invoice fraud last year.
The BPFI's Head of Fraud Prevention, Niamh Davenport, said that invoice fraud is one of the biggest fraud threats facing businesses over the last 12 months and one which can be particularly devastating for SMEs.