Small Business Is Hit Harder by Fraud Than You Think

Mar 27, 2016


Per the Association of Certified Fraud Examiners recent Report to the Nation, the
median fraud is a mere $6,000 different between large and small business
but that tells only a small part of the story.  While a small
difference in dollar terms, small business fraud occurs at an average rate
of $1,540 per employee while large business sustained a $16 per employee
effect.  This is nearly a 100x multiple between the effect of median
fraud on small and large businesses.  It also must be noted that
small businesses simply do not have the people, processes or technology to
protect themselves as large companies do which leads to even further
losses.  What they need is affordable protection…… Read