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Level of fraud increased by 50% in 2011, says BDO

Large scale fraud against businesses in the UK has passed the £2 billion mark for the first time since auditors BDO started monitoring it.

That is a 50% increase on 2010's figure and seven times more than when it was first measured seven years ago.

Simon Bevan, the Head of Fraud at BDO, told Radio 5 live Wake Up To Money which sectors were the biggest targets for fraudsters and offered his tips on how to avoid them.

To hear other 5 live interviews, please visit the best bits page.

Wake Up To Money broadcasts weekdays 0530 to 0600 on Radio 5 live.

  • 09 Jan 2012