Why Businesses Should Conduct Fraud Risk Assessment

Every business faces the risk of fraud. Every year, businesses in the US lose around 5% of their revenue to fraudulent activities. Many businesses don’t find these statistics alarming, which is why they tend to overlook the importance of preventing fraud attempts. Whether you own a large corporation or a small business, you’re likely to become a target of fraudsters. It’s because only 20.85% scammers target large businesses, whereas 37.7%…

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