Fraud costs Irish firms average of €1.7m

Irish companies are being hit for millions of euro each year as they struggle to cope with increasingly common and costly criminal attacks from a growing range of sources.

Research shows an increasing number of Irish businesses falling victim to criminals with emerging and traditional threats proving equally difficult to counteract and in some cases resulting in multi-million euro losses.

The most common crime reported by Irish businesses is theft of company assets such as cash and supplies.