Companies in the West Midlands have been warned about the threat of business fraud which nationally has left private sector firms with a £15.9 million bill.
According to experts from West Midlands Police Economic Crime Unit, incidents of e-crime have rocketed representing 80 per cent of frauds committed by crooks.
Cyber-crime, internet and online shopping frauds account for almost 250,000 criminal actions, the police experts said at a Birmingham seminar organised by RBS. This represents a 21 per cent increase on the previous year.
Besides the police contribution, delegates also heard from representatives of law firm Eversheds on the legal problems associated with fraudulent activity.
Det Insp Neil Postins, West Midlands Police Economic Crime Unit, said: “Fraud is a huge issue for companies in the UK and these seminars are a great opportunity to discuss the complexities of fraud offences.
“It is important for businesses to understand the broad range of risks and threats so that they can be better prepared to prevent fraud, or to deal with it if it occurs.
"As the business landscape constantly evolves with the internet being an ever popular platform for transactions, companies should keep themselves up-to-date with the most common techniques used by fraudsters.”
David Lee, RBS service delivery manager, added: “RBS was pleased to once again renew our long-standing partnership with the West Midlands Police and to introduce Eversheds to help local businesses in the Birmingham region tackle fraud.
"We had over 50 delegates from our client base attend and the feedback has been excellent with all participants taking important action points away with them. We look forward to hosting further similar events next year.”