Construction invoice fraud
Can you please advise where the data came from in this article? I have looked through the Tungsten website but can't dind anything.
See https://www.tungsten-network.com/blog/the-staggering-scale-of-invoice-fraud
Thanks for linking this, I had seen this article but it doesnt contain a lot of the details your article does?
For example, from your article 'One in six construction firms believe fraudulent invoices have cost them more than £5,000 in the last year alone, with businesses losing on average £1,948 a year as a result.' However the article you have linked doesn't specify it is one in six construction firms, just one in six of those surveyed.
And then this information from your article is nowhere to be found in the one linked (except for the national average of 47%)
'The data also revealed that 60% of firms surveyed received a fraudulent or suspicious invoice in the past year, compared with a national average of 47%.
Although the construction companies surveyed expressed more concern than most other industries about the problem, only 11% said they would take action if they received a suspicious invoice. A further 6% of firms would not know what to do if a suspicious invoice was received, while only 54% would contact the police or a similar reporting service.'
It is a bit difficult to track down 4 years later - the original report could have been updated or removed - but the same facts were reported in a number of different places at the time.
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