Over a third of SMEs targeted by fraudsters

Research shows that 35% of SMEs were victims of fraud in the last 12 months, with bogus emailed invoices the main avenue of attack.

More than a third of Irish SMEs have been a target of fraud in the past 12 months, according to research from Bank of Ireland.

However, despite individual cases potentially costing the average SME nearly €4,000, as much as 60% of firms who have been targeted in the past year have not reported the case to either their bank or the gardaí.