CORPORATE Fraud

Half of Irish businesses have been hit by 'serious' fraud , according to the Global Fraud Survey from Ernst and Young. The figure of 50 per cent is far higher than the global average of 16 per cent and the 21 per cent average in western Europe.
The Irish Small and Medium Enterprises Association recently warned that firms are being targeted during the holiday season. Holiday stand-ins and junior staff have been conned into signing firms up to unwanted online directories, it is claimed.